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Industry News

06 Nov 2019

Pay your taxes by 4 December or face the consequences

The deadline for 2019’s tax season is 4 December, just less than a month away, so it’s time to seriously focus on your tax returns. Last week, Tito Mboweni, the finance minister confirmed during his medium-term budget announcement that SA is facing yet another large tax revenue shortfall. Projected tax revenues grew by only 3.7% this...
05 Nov 2019

Just Share commends institutional investors for ‘first of its kind’ climate collaboration

In an unprecedented move, a group of six leading South African institutional investors recently joined forces as co-filers of a climate risk shareholder resolution. The resolution sought to compel JSE listed fossil fuel producer Sasol to report on how its greenhouse gas (GHG) emission reduction strategy aligns with the goals of the Paris Climate Agreement....
05 Nov 2019

Institutional investors call for strengthening of Sasol’s climate plan

In a first for South Africa, six of the country’s institutional investors, acting on behalf of their clients, co-filed a shareholder resolution for the upcoming Sasol AGM seeking greater transparency from the company on how its long-term greenhouse gas emission reduction strategy and executive rewards align with the Paris Climate Agreement.
05 Nov 2019

'Late-cycle easing may end soon'

By BlackRock Investment Institute (BII). Global central banks have delivered an unusual late-cycle dovish pivot this year – to extend an already-long economic expansion. The Fed’s rate cut last week was the latest installment of this dovish push. Yet the Fed also signaled the potential completion of its late-cycle rate cuts, significantly raising the bar...
04 Nov 2019

Bleak budget and buoyant Boks

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist) from Old Mutual Wealth. The Springboks’ incredible World Cup triumph was a welcome distraction from a week dominated by the gloomy Medium Term Budget Policy Statement (MTBPS). A huge tax revenue shortfall, combined with support for Eskom, means that the government’s budget deficit will...
04 Nov 2019

Four factors to help you plan for longevity

By Jan van der Merwe, head of actuarial and product at PSG Wealth. Increasing longevity is one of many positive aspects to recent human development. It brings with it a change in the balance of working years versus years spent in retirement. This in turn implies a need to reconsider traditional calculations, to ensure you...
04 Nov 2019

Norton Rose Fulbright launches Big Read Book Series

Norton Rose Fulbright’s insurance practice is excited to announce the launch of its Big Read Book Series with the publications of Volume 1 and 2 in the series.
04 Nov 2019

How tech trends are shaping the insurance industry

With unprecedented technological advances and shifting customer and employee expectations, the South African insurance landscape is set to keep changing. Metropolitan’s Berniece Hieckmann, accountable for Metropolitan’s “Business of Tomorrow” strategies, takes a closer look at tech trends that are compelling the industry to stay ahead.
04 Nov 2019

Rising medical aid rates: Making the most of your cover and shoring up any gaps

By: Tony Singleton, CEO of Turnberry Management Risk Solutions Medical aids have released their rates for 2020, and there are increases ahead of inflation. While it may not seem that way to the end customer, medical aids are locked in a delicate balancing act to maintain a tolerable level of increase and keep private healthcare...
02 Nov 2019

Moody's decision means SA must now get its economic house in order

Moody’s decision to reduce the outlook for its credit rating of the SA government from ‘stable’ to ‘negative’ is not unexpected in the light of SA’s weak economy and deteriorating public finances. That’s the word from NWU Business School economist Professor Raymond Parsons. “The Moody’s review warns that, unless SA gets its economic house in...

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