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Industry News

31 Oct 2019

Time to recognise the lifeblood of SA's economy

Entrepreneurs and the businesses they create are arguably the underpin to any well-functioning country in today’s dynamic, fluid and ever-evolving world; they are the lifeblood of an economy’s ability to continually reform, reinvent and evolve. That’s according to Nick Riley, Head of Investment Banking and Principal Investments at Investec, and Lynette Ntuli, the founder and...
31 Oct 2019

Fitch Ratings: South Africa's MTBPS Fails to Stabilise Government Debt

South Africa’s Medium-Term Budget Policy Statement (MTBPS) does not outline a clear path to its stated objective of stabilising government debt/GDP by 2025/2026, Fitch Ratings says. Rising real primary expenditure underlines the difficulty of reining in the public sector wage bill and persistent social pressures for better services in the context of divisions within the...
31 Oct 2019

'Reaffirming our EM views after a rally'

By BlackRock Investment Institute. One beneficiary of a perceived easing in the U.S.-China trade conflict: EM debt, which has rallied recently and outperformed developed market peers. We see factors further supporting EM debt from here: a likely Fed rate cut this week and the potential for a stable U.S. dollar; an EM growth rebound; and...
31 Oct 2019

In wake of MTBPS, global wealth manager reissues call for South Africans to take 80% offshore

In October 2018, Austen Morris Associates, a global wealth manager with offices around the world including Europe, China, across Africa, South Africa and the US, warned South Africans to invest with their heads and not their hearts and take 80%, or more, of investable funds offshore to preserve their wealth. 
31 Oct 2019

Discovery Life reaches R5 billion in PayBacks to clients, over and above claims paid of R26.5 billion

By simply linking a Discovery Life Plan with other Discovery products, such as Vitality, Vitality Active Rewards, a health plan administered by Discovery Health and now a qualifying Discovery Bank account, clients can be rewarded for their entire policy term with upfront and ongoing premium discounts and PayBacks of up to 42% and 50%, respectively....
31 Oct 2019

Investec awarded best derivatives clearing provider in Africa

Investec has picked up the Best Derivatives Clearing Provider Award at Thursday’s Africa Global Funds (AGF) Service Providers Awards. The bank was also successful in five other categories, including Best Prime Services, Brokerage Services, Prime Broker – Capital Introduction and Technology Awards.
31 Oct 2019

RisCura wins fourth consecutive award for PE service provider excellence in Africa

Investment specialists, RisCura, have won the Africa Global Funds Africa Service Providers Awards in the category Advisory services: private equity, for the fourth consecutive year. These annual awards are the only international awards dedicated to recognising service excellence in Africa, and celebrating the ongoing efforts of fund service providers on the continent.
31 Oct 2019

Horror claim outcomes you can avoid

By Bertus Visser, Chief Executive of Distribution at PSG Insure Short-term insurance can be a welcome safety net, but it only works in your favour if you follow the rules. Some claim horror stories out of recent rulings by the Ombudsman for Short-Term Insurance (OSTI) reveal some important lessons. Keeping these in mind can keep...
31 Oct 2019

Women should take back their power through financial independence

Financial independence means avoiding a situation where you can’t leave an abusive relationship, a high-risk situation or simply an unhappy partnership because you don’t have the financial means to support yourself outside of your current situation. That’s the word from Elize Botha, Managing Director of Old Mutual Unit Trusts.
31 Oct 2019

Saving for your children’s education when tomorrow is uncertain

Over 90% of 1 845 surveyed South Africans think their children will need more than one qualification to get ahead in the future. And almost 100% believe people will need to upskill and reskill, while 77% say qualifications make people more employable.

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