MoneyMarketing

Industry News

21 Nov 2019

Momentum Metropolitan delivers 'pleasing set of results' for Q1 of F2020

Highlights: Diluted normalised headline earnings, the Group’s primary earnings metric, increased by 9% to R0.9 billion for the first quarter. Diluted normalised headline earnings per share increased by 13% year-on-year. New business volumes, excluding Momentum Corporate, up 12% year on year.
21 Nov 2019

Preparing your financial affairs for the inevitable

By: Christel Botha, Fiduciary Services Manager at Alexander Forbes
21 Nov 2019

Self-employed? Here’s how you can save for your retirement

“The most common mistake entrepreneurs make is confusing revenue with income,” says Ray Mhere, Johannesburg regional manager of Allan Gray. “Another mistake they make is not paying themselves a regular salary, which can negatively impact their long-term ability to invest.”
21 Nov 2019

What a Moody's downgrade will mean for SA investors

With Moody’s having recently revised their stable outlook on South Africa’s credit rating to negative, a future downgrade from the ratings agency seems increasingly imminent. While uncertainty remains rife around what the exact economic consequences of losing investment-grade status will be, there is little doubt as to how markets will respond.
20 Nov 2019

Getting sustainable in fixed income

By BlackRock Investment Institute. The equity market has played an early role in sustainable investing, while bond markets have lagged in data, tools and insights. But that’s changing fast, as we detail in a new publication: Sustainability: the bond that endures. New ESG indexes have created building blocks that can be used to bring sustainability into...
20 Nov 2019

Partnership promotes B-BBEE compliance

Financial services regulatory compliance firm, Compli-Serve SA is pleased to announce that it has concluded an agreement with Mazars Consulting Services “Mazars”, whereby Compli-Serve will refer clients who require broad-based black economic empowerment (B-BBEE) verification or consulting services. 
20 Nov 2019

JSE expands dark functionality offering to include ‘Iceberg orders’

The JSE has expanded its Dark Functionality offering with the introduction of ‘Iceberg orders’ which allow traders to display only small portions of their larger order trades, without disclosing their full order size.
20 Nov 2019

How the Jobs Fund and Ashburton put pension funds to work

A successful partnership between The Jobs Fund, a R9 billion challenge fund that leverages relationships with the private and public sectors to create jobs, and the Ashburton Credit Enhancement Fund (ACEF), saw an innovative guarantee mechanism leverage R679 million in private funding off the back of a R68 million guarantee grant. The resulting matched funding...
20 Nov 2019

Five trends that are reshaping wealth management

By Andrew Möller, Director and Chief Executive Officer, Citadel. The wealth management industry has seen considerable changes in recent years, and those businesses which adapt to the new environment will be able to thrive while offering clients the best options available. From disruptive technology to aging populations, from a rise in a new wealth to...
20 Nov 2019

Money remains the biggest conversation taboo

Money is a bigger taboo than sex, religion or politics, according to a survey by one of the world’s largest independent financial advisory organisations. In the global survey, conducted by deVere Group, 56% of those polled ranked personal finance as the most difficult subject to discuss with family, friends and colleagues.

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