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Industry News

11 Dec 2019

Old Mutual recognises advisers within Old Mutual Personal Finance Advice

Old Mutual recently hosted its national recognition gala event to recognize financial advisers within Old Mutual Personal Financial Advice who apply best practice principles according to practice management philosophies. Now in its 11th year, this annual competition also ensures that customers have best of breed experiences when interacting with Old Mutual’s financial advisers. Winners are...
11 Dec 2019

Guard against under-insurance

Having a solid understanding of the implications of underinsurance is crucial at a time when many South Africans are financially strained and looking for ways to save on household costs.  While there is always the temptation to cut insurance costs in a bid to save money, the right approach is to review covers with your...
11 Dec 2019

Load shedding puts economy under severe pressure

The South African Chamber of Commerce and Industry (SACCI) says it has noticed the devastating effect that Eskom’s load shedding, that has moved from stage 2, 4 and then 6, has had on the economy. “This is a negative development in the context of the state of our economy and comes so soon after Statistics...
11 Dec 2019

20 tips to improve your finances in 2020

By Jaco Prinsloo, Certified Financial Planner at Alexander Forbes. Use the new year as a chance to improve your financial health by adopting some resolutions around your finances. We’d all like to be healthier and wealthier, so cutting back on unnecessary expenses and saving or investing more are goals we should all be aiming for....
10 Dec 2019

Heavy rains could result in damage to property and vehicles

Heavy rains being experienced in parts of the country could likely result in damage to property and vehicles. It’s vital that people the right precautions are taken and ascertain that you’re covered for impairments that might possibly take place According to Stephen Raseobi, Head of Assessing Services, Claims with Standard Insurance Limited at Standard Bank...
10 Dec 2019

20/20 Vision – A Quick Look Ahead into 2020

By Arno Lawrenz, Global Investment Strategist at Ashburton Investments. A year ago, in late 2018, markets were awash with pessimism, and after the US Federal Reserve hiked rates for the 9th time with the prospect of more to come, December ended up experiencing the worst equity market performance in over 50 years. Fast forward till today, and the S&P 500...
10 Dec 2019

Cryptocurrency industry needs to play by the rules – even if there aren’t any

By Angus Brown, CEO, Centbee. Despite crypto being unregulated in South Africa, the current regulatory stance is that South Africans may buy any cryptocurrency assets, store them and pay for goods and services. Like art and jewellery, even though cryptocurrencies are not registered as a financial security, it is still legal to own and use...
09 Dec 2019

Growing pains

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist) from Old Mutual Wealth. South Africa’s economic performance made headlines for all the wrong reasons last week, hardly the start to the festive season we all would have liked. The reality is that the road to economic recovery for South Africa is going to...
09 Dec 2019

Road safety – drinking and driving remains a major concern for road safety efforts

By the South African Insurance Association (SAIA). Road safety has become a global issue that ranks as one of the most pressing matters facing society today. The United Nations’ Global Road Safety Strategy, which was released early 2019, estimated that globally, nearly 1.3 million lives are lost annually as a result of road traffic collisions,...
09 Dec 2019

What does history teach us about living annuities?

Retirement can be a daunting prospect. Not only is it a time of personal adjustment but it is also a time to make  financial decisions that will impact your lifestyle for the rest of your life. Retired investors commonly face the dilemma of either maintaining a certain lifestyle or adjusting it in order to preserve...

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