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Industry News

05 Dec 2019

Hollard withdraws financial default cover for travel on SAA

Hollard Travel will no longer provide travel insurance cover related to the potential financial default of South African Airways (SAA). It was announced in November that SAA is in financial trouble and struggling to pay salaries. The airline also suffered an eight-day staff strike in November 2019, which it estimated cost R52-million per day. Following...
05 Dec 2019

BlackRock takes stock of its 2019 views

By BlackRock Investment Institute. In 2019 the key drivers of global markets have been trade tensions and central bank easing, in our view. We were early to see that a protectionist push would hurt the industrial cycle and business investment — a key reason for our global growth downgrade. And we were correct to say...
05 Dec 2019

The science, magic and journey behind winemaking and investments

By: Francois Lombard, Investment and Savings Specialist from Momentum Investments I would be the first to profess that I am not a wine expert by any means. I would like to think of myself as more of an informed wine snob, fascinated by the complexity and creativity of wine and winemaking. Wine on its own...
04 Dec 2019

Building activity ticks up in Q4, but constraints to growth persist

The FNB/BER Building Confidence Index rose by three points to 25 in 4Q2019. Four of the six sub-sectors surveyed reported higher confidence. This was almost entirely offset by a 35-index point drop in the confidence of building material manufacturers. The underlying indicators suggest a mild improvement in activity, but off a low base. Looking ahead,...
04 Dec 2019

Actuarial Society calls on learners not to give up on pure Maths

A high demand for actuarial skills in South Africa means that the country’s 1 586 fully qualified actuaries enjoy a 0% unemployment rate. The demand for actuaries is not unique to South Africa – the United States Bureau of Labor Statistics* recently predicted a 20% growth rate in the employment of actuaries from 2018 to 2028,...
04 Dec 2019

Finding financial balance

Communication through memes and emojis has become second nature to us and often capture humour and irony so perfectly that everyone can relate. So, this festive season, and during its aftermath, we are sure to be entertained by depictions of people taking financial strain. The reality is that these memes are so relatable because many...
04 Dec 2019

Four pieces of financial wisdom for 2020

By Silindile Ngubo, Fund Accountant, Cannon Asset Managers. January marks the start of both a new year and a fresh and exciting new decade with many more challenges and surprises in store. So, as we wrap up 2019 and prepare to set off into the roaring 20s, I found myself pausing to reflect on the...
03 Dec 2019

Was 2019 a better year?

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist) from Old Mutual Wealth Believe it or not, but it is December already. Barring a surprise Christmas rally or a visit from the Market Grinch, we have a reasonably good idea what the calendar year returns for 2019 should be. On one level this...
03 Dec 2019

Latest GDP figures show need for turnaround plan

‘The worse-than-expected 3Q 2019 growth figures again emphasize the serious economic challenges faced by SA. This is according to NWU Business School Economist, Professor Raymond Parsons. Based on previous economic data the Reserve Bank, National Treasury, credit rating agencies and several private sector economists all had already further lowered their growth forecasts for 2019 to...
03 Dec 2019

Q3 GDP figure 'not a complete surprise'

By Reza Hendrickse, Portfolio Manager at PPS Investments. After its second quarter rebound, the SA economy ground to a halt in the third quarter. The news isn’t a complete surprise, with related data having already provided early indications of a slump in second half activity. According to official data released by Statistics South Africa today, the...

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