MoneyMarketing

Industry News

30 Oct 2019

An ETF focussed on the ‘use case’ of listed property

CoreShares has announced the commencement of trading in the new CoreShares SA Property Income ETF. This follows the amalgamation of the two pre-existing CoreShares property ETFs: Proptrax SAPY and Proptrax Ten.
30 Oct 2019

MTBPS laden with rhetoric but short on spending cut details

By Nazmeera Moola, Head of SA Investments, and Sisamkele Kobus, Analyst, Fixed Income, Investec Asset Management. Finance Minister Tito Mboweni’s second Medium-Term Budget Policy Statement (MTBPS) paints a stark financial picture. The consolidated deficit numbers for next year, the 2020/21 fiscal year, have risen from a projection of 4.3% in the February 2019 Budget to...
30 Oct 2019

'A macabre Medium-Term Budget Policy Statement'

By PwC Strategy& economists Lullu Krugel & Christie Viljoen. Finance Minister Tito Mboweni delivered a macabre Medium-Term Budget Policy Statement (MTBSP) to Parliament on October 30. The MTBPS communicates to government and the people the economic context of the country and fiscal spending priorities over the coming three years. (It does not include detailed spending...
30 Oct 2019

MTBPS may shock ratings agencies as fiscal policy framework weakens

By MoneyMarketing. The Medium Term Budget Policy Statement (MTBPS) released today by the National Treasury shows that the fiscal framework has weakened substantially since the February budget – and may even shock the ratings agencies, especially where issues like national debt is concerned.
30 Oct 2019

MTBPS 2019 – Mboweni dodges Eskom decisions

By MoneyMarketing. In his Medium Term Budget Policy Statement (MTBPS) speech to Parliament, the Minister of Finance, Tito Mboweni, largely dodged important Eskom decisions. The power utility, which supplies 95% of the country’s electricity, is viewed as the biggest risk to SA’s economy. The minister made is clear that only when he was convinced that...
30 Oct 2019

A financially empowered female makes #NoApologiesForHerSuccess 

Various studies have found that most women leave the financial planning to their partners but according to Janine Horn, Financial Planner at Momentum, “Being financially independent is a worthwhile goal for any woman, whether you are single or married, it is empowering to know that you are in control of your finances and future.” Through comprehensive planning,...
30 Oct 2019

Five things your adviser should be doing

The wealth industry is traditionally slow-moving. The pitfalls of knee-jerk investment decisions have moved wealth brands to believe that slow-moving, yet watchful modes of operating are more effective in the long run. However, the Fintech movement is challenging long-established beliefs, and instead of placing traditional custodians as the source of information, the movement seeks to...
29 Oct 2019

UK Election 2019: Expect the pound and UK financial assets to be increasingly volatile

The pound and UK financial assets will be volatile in the run-up to Britain’s first December general election since 1923 – and will remain so in the event of another hung parliament. This is the warning from Nigel Green, CEO and founder of deVere Group, as opposition party Labour announces it is now backing the...
29 Oct 2019

Building an inclusive economy - perspectives on the MTBPS 2019

Finance Minister Tito Mboweni has a tough task ahead of him as he seeks to present this year’s Medium-Term Budget Policy Statement (MTBPS). Against a backdrop of inter alia weak economic growth and state-owned enterprise (SOE) bailouts, the MTBPS could provide much needed clarity on how South Africa’s proposed economic growth strategy will be progressed.
29 Oct 2019

SARB announces 2019 Global Fintech Hackcelerator Southern Africa winners

Today, 29 October 2019, the South African Reserve Bank (SARB) announced the 2019 Global Fintech Hackcelerator @ Southern Africa competition winners – Ukheshe and Mindbridge. The Global Fintech Hackcelerator, powered by KPMG Matchi, is a fintech acceleration programme that creates a platform for fintech firms to demonstrate their innovative solutions to complex financial challenges in...

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