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Industry News

13 Jan 2020

Pound slump and BoE rate cut hints could drive demand for overseas assets

Increasing hints that the Bank of England will cut interest rates is likely to prompt investors into overseas financial assets, Nigel Green, chief executive and founder of deVere Group, says. He was speaking out as the pound came under pressure on Monday after a key member of the Bank of England’s Monetary Policy Committee said...
13 Jan 2020

The year ahead: Will hindsight be 20/20? Or will 2020 surprise us all?

As the expression goes, hindsight is 20/20, meaning it’s easy to know the right thing to do after something has happened, but it’s hard to predict the future. Enter the year 2020, and it’s interesting that the saying has never been truer in the area of investments. It’s no secret that the past few years...
13 Jan 2020

Give yourself a 2020 financial detox

The word detox can be quite daunting especially when the goal is to start the year on a clean slate. Yet more so than before, people are looking at detoxing and simplifying their lives by reducing the clutter and focusing more on themselves or their family; and ultimately looking at achievable goals that will best...
13 Jan 2020

How motor and household insurance premiums can fund investment

For most consumers, motor and household insurance is the ultimate grudge purchase.  It’s that one thing that you must have because things can and do go wrong unexpectedly – and when they do, the financial implications of an uninsured event can be disastrous.  But if you’re part of the nine out of 10 insured consumers...
11 Jan 2020

Business and government to meet to map out economic rescue agenda

Business Unity South Africa will be hosting its second Business Economic Indaba on 14 January 2020, described by BUSA President Sipho Pityana as “an important engagement with President Cyril Ramaphosa and his Cabinet colleagues”. “We believe business has a crucial role to play in ensuring South Africa’s economic and social revival, and that we need...
10 Jan 2020

How insurers can unlock new markets

TechITEZ launches insuretech technology solutions designed for insurers to unlock new markets and better serve existing ones. The insurance industry is becoming more technologically advanced and disrupted by the day.  This is happening against a backdrop where insurers are under massive pressure to manage costs, attract and retain clients in a shrinking market pool, improve...
10 Jan 2020

Meet Shirley Machaba, PwC's Southern Africa CEO

This week on Marketplace Africa, CNN International’s Eleni Giokos meets Shirley Machaba PricewaterhouseCoopers (PwC) Southern Africa CEO. Machaba’s position as a female CEO is unique in the industry. She speaks about the distinctiveness of her role, “I’m the very first female CEO within the profession, particularly the big four (auditing firms).” Her appointment as CEO...
10 Jan 2020

Retirement annuities and their advantages explained

By Gerard Visser, Financial Planning Consultant at Alexander Forbes. There are a number of ways to save and a retirement annuity fund, is one of the potential investment tools which offer a tax efficient way to save towards retirement. You can invest lump sums or make regular contributions into your own investment portfolios within a...
09 Jan 2020

Why we like inflation-linked bonds

By BlackRock Investment Institute. We see inflation risks as underappreciated in 2020 – and beyond. Our base case is for modestly higher U.S. inflation this year, with a risk of upside surprises. Drivers include rising wages and energy price volatility in the short term, and deglobalization over time. We like Treasury Inflation Protected Securities (TIPS)...
09 Jan 2020

'Middle East tensions unlikely to result in war'

Following the US drone strike that killed Iranian military leader, Qasem Soleimani, the FAA (Federal Aviation Administration in the US) has banned flights over Iraq, Iran and the Gulf of Oman after Iran launched a missile attack on US-led forces in Iraq. Subsequently, South Africans are continuing to question how rising tensions in the Middle East will...

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