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Industry News

19 Jan 2020

SA to attend UK-Africa Investment Summit and the WEF

At the request of President Cyril Ramaphosa, a few Ministers will represent South Africa at two important upcoming global events this week, National Treasury said in a statement this evening. The Ministers of Finance, Tito Mboweni; and International Relations and Cooperation, Naledi Pandor; will form part of the delegation attending the UK-Africa Investment Summit which...
17 Jan 2020

Geopolitical risks on our 2020 radar

 By BlackRock Investment Institute. U.S.-Iran tensions have spiked in recent weeks with the U.S. killing of a top Iranian military leader triggering retaliation. This reminds us of still heightened geopolitical risks across many dimensions, even as we see a relatively benign backdrop for risk assets in 2020. The U.S.-China trade conflict – 2019’s dominant geopolitical...
16 Jan 2020

FNB confirms that it will reduce prime lending rate

Following the South African Reserve Bank’s (SARB) decision earlier today to cut its lending rate by 0.25%, FNB confirms that it will reduce its prime lending rate to 9.75% from 10% with effect from Friday 17 January. FNB CEO Jacques Celliers says, “While not widely expected, today’s rate change is most welcome for both consumers...
16 Jan 2020

'SARB MPC decision will help to underpin confidence'

The MPC’s decision today to reduce the repo rate by 25 basis points is a welcome recognition of the need to reduce borrowing costs for business and consumers in SA. This is according to NWU Business School economist, Professor Raymond Parsons. He explained that although it is a small step in the bigger scheme of...
16 Jan 2020

South African fintech in 2020 – what can we expect?

By Dominique Collett, a senior investment executive at Rand Merchant Investment Holdings and the head of AlphaCode. Wednesday, 15 January 2020: Fintech is rapidly transforming the very essence of global financial services. Here at AlphaCode, we spend a lot of time researching and thinking about how technology, social media and a transforming consumer base is...
16 Jan 2020

Financial sector transformation progress below expectation

The financial sector still needs to improve its performance against its transformation targets as set in the Amended Financial Sector Code (FS Code), the Financial Sector Transformation Council (FSTC) said in a statement today. The 2017/18 Financial Sector State of Transformation Annual Report shows that in general, Financial institutions in the sector did not meet...
16 Jan 2020

The top four mistakes to avoid when saving for education

As parents, we all want the best for our children, and this often includes being able to give them the best education that we can afford. In the journey to saving for your children’s education, it is often the small adjustments you make along the way that can mean the difference between having enough, or...
16 Jan 2020

Employee benefits – an untapped opportunity to grow your business portfolio

The employee benefits industry is highly regulated, yet entering this market is easy
16 Jan 2020

NHI will add to SA’s fiscal and healthcare woes

By Chris Hattingh, Project Manager, the Free Market Foundation. Speaking in KwaZulu-Natal on New Year’s Day, Health Minister Zweli Mkhize said that the National Health Insurance (NHI) will put private and public hospitals on par with each other. Indeed, rather than improving the quality of care on offer in the public sector, it’s more likely...
16 Jan 2020

How to ensure your retirement plan succeeds in volatile markets

By Lourens Coetzee, Investment Professional at Marriott. The last five years have been particularly disappointing for investors due to below average market returns. As such, many savers are becoming increasingly concerned about not having enough capital to sustain their lifestyles when they retire.  This is a valid concern as most retirement plans are held together...

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