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Industry News

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...
15 Jan 2020

Feeling the way through FICA

By James George, Compliance Manager at Compli-Serve SA. As things currently stand, providers of short-term insurance are not deemed accountable institutions. Discussions are in progress within the corridors of the Financial Intelligence Centre (FIC) to determine whether they will be brought under the ambit. As the FIC is the body responsible for identifying the proceeds...
15 Jan 2020

Why professionals need wealth managers

By Michael Hertz, Advisory Partner, Citadel. Professionals such as doctors, lawyers and accountants are generally high salary earners, but have often not been great investors, nor have they planned well for their retirement. This is for a number of reasons. First, while professionals may save, they tend to also have an expensive lifestyle, thus eating...
15 Jan 2020

Ashburton favours bonds, listed property for best returns in 2020

Ashburton Investments, the asset management arm of the FirstRand Group, is looking to government bonds and listed property to provide the best risk-adjusted returns on the local front for South African investors in 2020.  And the asset manager remains constructive on global equities, particularly in emerging markets.  Nico Els, Multi Asset Strategist at Ashburton Investments, said...
15 Jan 2020

Investment resolutions for 2020

By Schalk Louw, financial adviser at PSG Wealth. The new year is upon us and so too are the New Year’s Resolutions most of us have set for 2020. While we are usually quite dedicated to these resolutions at the beginning of the year, they tend to fade out over time. The reality is that...
15 Jan 2020

Be pro-active to ensure your claims get paid out

There is definitely a right and wrong way to go about making a successful insurance claim

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