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Industry News

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...
17 Dec 2019

BlackRock: Our top investment calls for 2020

Two dueling forces have shaped asset performance in 2019: the protectionist push and a dovish pivot in monetary policy. The latter won out for risk assets, fueling multiple expansion in equities and helping send bond yields to historic lows. What do we expect in 2020? The three new themes we introduce in our 2020 Global outlook point...
17 Dec 2019

Facing the Unknown

When we make decisions in life, the outcome normally provides direct feedback on the quality of the decision. For example, when choosing one apple over another because of a blemish turns out to be a good decision because the next customer found the worm ! However, in some domains– like the stock market – the...
17 Dec 2019

GCI provides solution for emigrating financial advisors

A growing number of Independent Financial Advisors (IFAs) and brokers are considering emigration as the South African economy continues to splutter. For these professionals, the challenge is how to realise the true value of their existing businesses in order to help set themselves up in their new domicile, says Joshua Marran, Integration Specialist at GCI...
13 Dec 2019

FSCA issues update on warning regarding Karatbars

On 11 November 2019 the FSCA issued a warning regarding Karatbars International GmbH not being registered as an authorised Financial Services Provider. The company (based in Germany) has subsequently made representations to the FSCA indicating that it markets two products in South Africa, one being the sale of gold bullion and the second the sale...
13 Dec 2019

Investing in 2020: Will SA equities bounce back?

As 2019 draws to a close, it’s tough for investors to have an optimistic view on the economy. Locally, weaker nominal growth has led to another year of disappointment in government revenue collections, while a sovereign downgrade by Moody’s is looking increasingly probable in 2020. While incremental gains on structural reform efforts herald a tepid...
13 Dec 2019

Old Mutual Limited instilling hope in young South Africans

Caleb Qoyo, a 23-year old economics student from the University of Cape Town, kicked off 2019 on a high, winning the annual Nedbank and Old Mutual Budget Speech Competition, wowing some of South Africa’s top thinkers and policy makers in the process. Born and raised in Queenstown in the Eastern Cape, Caleb’s natural affinity for...
13 Dec 2019

UK PM can push ahead with Brexit

By BlackRock Investment Institute. Prime Minister Boris Johnson can push ahead with Brexit but faces a difficult end-2020 deadline to negotiate a trade deal with the EU. We expect an extension. We see the pound and domestic-focused UK equities benefiting from greater political certainty, and bond yields rising on a brighter growth outlook. The UK...
13 Dec 2019

Global growth should edge higher in 2020

By BlackRock Investment Institute. Powerful structural trends are testing limits — and threaten to intersect with the near-term outlook and become market drivers. Rising inequality and a surge in populism have implications for taxes and regulation. Trade frictions and deglobalization are weighing on growth and boosting inflation. Interest rates are nearing lower bounds and crimping...

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