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Industry News

12 Feb 2020

A 'frightening' subject: the upcoming Budget Speech

Across the spectrum, investors are hoping for the best while expecting the worst from Finance Minister Mboweni. For the past eight years, government has consistently missed tax revenue targets despite increases in personal income tax rates, the VAT rate, the dividend withholding tax rate and fuel levies.

12 Feb 2020

'Less promises and more delivery for SONA 2020'

While past SONA speeches have proposed good plans to take South Africa forward, OUTA trusts that this week President Ramaphosa will deliver a plan that is realistic and provides clarity on implementation.

11 Feb 2020

Festive season yielded no reprieve for unemployment

Unemployment remained unchanged at 29.1% in 4Q19, the highest unemployment rate since the inception of the QLFS survey in 2008. Disconcertingly, the number of employed people declined by 108 000 in 4Q19 compared to the same period in the previous year.
11 Feb 2020

Does Cosatu’s plan for Eskom make sense?

On February 3rd, the Congress of SA Trade Unions (COSATU) - which forms a tripartite alliance with the ANC and the SA Communist Party - announced a plan to fix Eskom's balance sheet issues, recommending that R254bn of Eskom's total debt of R464bn be transferred to an SPV (special purpose vehicle) formed between the PIC, other South African DFIs (the Industrial Development Corp. (IDC) and the Development Bank of South Africa (DBSA)) and private lenders.

11 Feb 2020

Old Mutual iWYZE and Pineapple announce partnership

Old Mutual iWYZE and Pineapple Insurance are excited to announce a new partnership that promises to shake up the short-term insurance industry by changing the way South African’s experience insurance.

11 Feb 2020

Three common ways we destroy our wealth

Even with the best of intentions, when it comes to building long-term wealth, it is all too easy to fall prey to common financial mistakes which could cost you thousands, and even hundreds of thousands of rands in the long run.

11 Feb 2020

New Head of Governance for MiWay

Admitted attorney Joseph Makgopa joined MiWay as Head of Governance on 1 February 2020.

11 Feb 2020

Five questions about your Will you may be afraid to ask

Between trying to earn a living, getting the grocery shopping done and squeezing in a gym workout, many of us avoid thinking about the inevitable – what would happen to our ‘stuff’ if we die?

11 Feb 2020

How to merge your finances as a couple

There is never a good time to discuss finances with your partner, married or unmarried, and one key issue that needs to be discussed is whether you should merge your finances.

10 Feb 2020

Do you have what it takes to be the 2020 FPI Financial Planner of the Year?

Winning an FPI award is a surefire way to boost your professional standing and attract new clients. Even being chosen as a finalist will do wonders for your business.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za