MoneyMarketing

Industry News

19 Dec 2019

Fitch Affirms South Africa at 'BB+'; Outlook Negative

Late yesterday, Fitch Ratings announced that it has affirmed South Africa’s’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Negative Outlook. South Africa’s ‘BB+’ ratings, Fitch says, are supported by strong macroeconomic institutions, a favourable government debt structure and deep local capital markets. These ratings, however, are constrained by low growth potential, high...
19 Dec 2019

Are we witnessing the US dollar’s fall from grace?

By: Michael Devereux, Multi-Asset Fund Manager at Schroders. A global shortage of US dollars could be reversing and this could signal the beginning of a weak phase for the currency, writes Michael Devereux, Multi-Asset Fund Manager at Schroders. A world in which money is scarce might appear to be a far-fetched idea. But for US...
19 Dec 2019

Is the 'Santa Rally' real?

Should you believe in the Santa rally? We’ve run the numbers to find out. By David Brett- Fund manager, Schroders. Investors found their festive spirits dampened at the end of 2018. With concerns over the health of the global economy looming large, global stocks fell 13.7% in the final quarter of the year, according to...
19 Dec 2019

EDHEC-Risk Institute and FirstRand launch research chair

EDHEC-Risk Institute and FirstRand Limited (FirstRand or the group) are partnering for the first time to launch a three-year research chair entitled “Designing and Implementing Welfare-Improving Investment Solutions for Institutions and Individuals” to expand the scientific literature on investor welfare-enhancing methodologies for portfolio construction in a goals-based investing framework. Year 1 will focus on a...
18 Dec 2019

Old Mutual, building better futures for all stakeholders everyday!

As a business that has been building better futures for our stakeholders on the continent for almost 175 years, Old Mutual is committed more now than ever before to help create the Africa we all deserve.
18 Dec 2019

Facing the facts around retrenchment

By Carrie Furman, assistant tax manager, Allan Gray. With the latest GDP growth figures showing that the economy contracted 0.6% in the third quarter, SAA heading into business rescue, and the problems at Eskom persisting, it looks like we are in for a difficult year ahead. This suggests that the prospect of retrenchment is a...
18 Dec 2019

Five simple insights can make you a better investor in 2020

As one year winds down and a new one begins, our thoughts typically turn to taking a well-deserved break. Traditionally we take stock of the past year, make New Year’s resolutions and start to focus on our goals and ambitions for the next year. Here are a few practical insights that can help you take...
18 Dec 2019

FSCA provisionally withdraws the licence of Exclusive Life Financial Services

The FSCA received information that Exclusive Life Financial Services (Pty) Ltd (“Exclusive Life”) is materially contravening its licensing conditions in that it is purported to be promoting a product that is not lawfully authorized. “Furthermore there are allegations that some investors who have invested money in the scheme have not received the promised returns including...
18 Dec 2019

Don’t get wrapped up in holiday spending

December is a time when people tend to spend more due to the summer holidays, the festive season, travelling, driving long distances and for those who prefer to stay at home, taking the go-slow to do some DIY around the house. Being financially prepared is vital as holiday expenses add up and can easily leave...
17 Dec 2019

Back-to-school financial check list

The arrival of the holiday season means that back to school also looms large, and now is a good time to re-examine your education budget and ready your finances. All parents want the best education for their children and the cost of schooling in South Africa is dependent on whether a child attends a public...

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