MoneyMarketing

Industry News

02 Mar 2020

Brand Pretorius appointed CEO of combined AFI and MSTI businesses

Momentum Metropolitan Holdings Limited is pleased to announce that Brand Pretorius has been appointed as Chief Executive Officer of its combined Alexander Forbes Insurance (AFI) and Momentum Short-term Insurance (MSTI) businesses.
02 Mar 2020

PMI drops for the fourth successive month

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined for a fourth consecutive month to reach 44.3 in February 2020.

02 Mar 2020

Westbrooke Section 12J raises over R400m for investment in the SA economy

Westbrooke Alternative Asset Management, South Africa’s largest Section 12J manager, confirmed today that its 2020 fundraise has brought in over R400 million from more than 400 investors, with investment sizes ranging between R250 000 and R5 million.

02 Mar 2020

Financial planning - a crucial profession

In a country where only five per cent of citizens can save enough to retire comfortably, it’s impossible to underestimate the importance of the financial planning profession.

01 Mar 2020

Compulsory third party cover ‘would be welcomed’ – but challenges await

Third party motor vehicle insurance in South Africa could soon be compulsory, if Finance Minister Tito Mboweni’s 2020 Budget Speech is anything to go by – but it would face major challenges to its implementation, including affordability and the ability to enforce any new legislation, says insurer King Price.
28 Feb 2020

Investec Asset Management takes top honours at Morningstar Awards

Investec Asset Management scooped the top prize at last night’s Morningstar South Africa Fund Awards, winning the award for Best Fund House: Large Fund Range. The award recognises the fund house that has added the most value for investors within their relevant peer group for both 2019 and over longer time periods*.
28 Feb 2020

Morningstar Announces 2020 South Africa Fund Award Winners

Independent investment research company Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN) has named the winners of its 2020 South Africa Fund Awards.
28 Feb 2020

Sasfin nets multiple awards within a month

After last month's win at the Raging Bull Awards, once again Sasfin Asset Managers and Philip Bradford took top honours at last night’s Morningstar 2020 South Africa Fund Awards held in Cape Town.
28 Feb 2020

Global sell-off could be seen by investors as best buying opportunity in a decade

The worst global market sell-off since the 2008 crash will become an important buying-opportunity for investors, affirms the chief executive of one of the world’s largest independent financial advisory and services organizations.
28 Feb 2020

National Treasury takes a view on financial emigration

Not surprisingly, there has been an outflow of South Africans in recent years for various reasons, a top reason being the punitive “expat tax” regime promulgated in December 2017, and effective 1 March 2020.

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