MoneyMarketing

Industry News

12 Nov 2019

Risks faced by today’s start-ups

Research shows that the most successful businesses are built in the most challenging economic and market conditions. Businesses forged and successfully grown in volatile and unpredictable environments, generally go on to thrive when market conditions improve.
12 Nov 2019

Maitland Group South Africa is now a Level 2 B-BBEE contributor

On 6 September Maitland was officially granted Level 2 B-BBEE contributor status, following an extensive audit. Prior to this, Maitland was a Level 4 contributor.
12 Nov 2019

Financial independence requires a psychological approach

By Jodi Suchard, Advisory Partner, Citadel. For any individual, the pinnacle of financial success is becoming financially independent. But what is financial independence, and how will you know once you’ve got there? And what are the issues that may be preventing you from achieving your financial goals? First, the concept of financial independence relates to...
11 Nov 2019

Pound boost as hung parliament and Corbyn risks reduce on Farage-Johnson pact

The pound will receive a welcome boost after Nigel Farage’s Brexit Party will not be pitted against the ruling Conservatives in almost 320 seats in next month’s election.  This is according to Nigel Green, founder and CEO of deVere Group and comes as the Brexit Party’s leader Nigel Farage will stand aside in all 317...
11 Nov 2019

Three things that make share investments different

By Grant Meintjes, Head of Securities at PSG Wealth. There are some unique features to owning shares directly, in your own share portfolio, that set these investments apart from the rest. If you are new to share investments, here are a few notable features and guidelines to be aware of. The ups and the downs...
11 Nov 2019

Allan WB Gray passes away aged 81

MoneyMarketing received the following statement from Allan Gray this afternoon: “It is with deep sadness that we share the news of the death of Allan William Buchanan Gray on 10 November 2019, of natural causes. Our first thoughts are with his family, and with them, as colleagues and friends, we are mourning the passing of...
11 Nov 2019

New FAIS Ombud appointed

The Office of the FAIS Ombud has welcomed Advocate Nonkumbulo Tshombe (Preferred Name: Nonku) as the new Ombud for Financial Services Providers. Advocate Tshombe assumed the role of Ombud effective 1 November 2019, taking over from the previous Ombud, Mr Naresh Tulsie, who had served as the FAIS Ombud since May 2018.
11 Nov 2019

Why your financial adviser recommends you avoid Black Friday

By Rita Cool, Certified Financial Planner at Alexander Forbes  November’s arrival ushers in holiday shopping and with Black Friday specials already displayed, overspending to get the ‘picture perfect’ family life we see in advertising can be the cause of unnecessary financial and emotional stress.  There are a number of ways to avoid falling into a...
11 Nov 2019

FSCA fines Channel Life

The Financial Sector Conduct Authority (FSCA) has fined Channel Life Limited a total of R550 000 and has ordered that compensation be paid to affected policyholders The FSCA imposed an administrative penalty of R300 000 on Channel Life for contravening section 53 (2) of the Longterm Insurance Act, 52 of 1998 (LTIA) and R250 000...
08 Nov 2019

Trade Wars: China wants Trump re-elected in 2020 for its economic agenda – here’s why

China wants Trump re-elected in 2020 to achieve medium-term and long-term economic objectives, affirms Nigel Green, chief executive of deVere Group.  Green’s comments came  after China fuelled hopes that a deal can be reached to end its trade war with the U.S. after agreeing with Washington to roll back on some tariffs. The deal to...

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