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Industry News

29 Oct 2019

What happens when your car is written off

Being involved in a car accident is a traumatic event in itself, so the news that your vehicle is damaged beyond repair is never going to be an easy pill to swallow. While insurance will undeniably soften this blow, the reality is that there are so many variables at play when dealing with a write...
29 Oct 2019

Old Mutual issues update on former CEO Litigation

The Board of Old Mutual has been informed that the Deputy Judge President of the South Gauteng High Court has set an accelerated timetable for the appeal against the high court judgement which temporarily reinstated Peter Moyo as CEO.  The appeal will be heard on 4 December 2019.
28 Oct 2019

MTBPS 2019: South Africa has options

By Arthur Kamp and Patrick Buthelezi – Economists at Sanlam Investments. Years of fiscal consolidation – cutting expenditure and raising revenue mainly through tax increases, have failed to deliver the desired outcome. The Main Budget deficit is likely to exceed 6% of GDP in 2019/20 with the gross loan debt ratio increasing to more than...
28 Oct 2019

AARTO: Gear up for change

By Bertus Visser, Chief Executive of Distribution at PSG Insure. You’re 15km per hour over the speed limit and don’t notice the camera that catches you as you pass… This scene may once have resulted in a fine of a few hundred rand, but going forward, will cost you a lot more. If you’re not...
28 Oct 2019

Nedbank dominates at the JSE Spire awards

The Nedbank Fixed Income space and the continued growth of their Markets platform was recognised at the JSE Spire Awards, the Interest Rate team were voted by the banks institutional clients as Best Bond House as well as Best Interest Rate Derivatives House for 2019. Added to these two prestigious awards were the following wins:
28 Oct 2019

MTBPS - A crisis too good to waste

By Dr Adrian Saville, Chief Executive, Cannon Asset Managers. Finance Minister Tito Mboweni’s upcoming Medium Term Budget Policy Statement (MTBPS) is perhaps the most important for South Africa to date. With a resurgence of load shedding, crisis-level unemployment figures, and economic growth teetering between zero and one percent, government is quickly running out of time...
28 Oct 2019

Clients depend on intermediaries’ skill and the quality of the DFM with whom they partner

Accumulating capital for retirement has, for decades, been underpinned by traditional portfolio construction thinking. This presents a problem for retirees in the decumulation – or income drawdown – phase of their life journey. The reality is that people are living longer and as a result, their capital is at risk of not lasting. So say...
25 Oct 2019

Growth in cryptocurrency transactions in SA calls for stronger security measures

Acknowledging National Cybersecurity Awareness Month this October, leading peer-to-peer (P2P) bitcoin marketplace and digital wallet provider, Paxful, is shining the spotlight on the escalating need for security awareness amongst users when trading in digital currency. With criminals becoming increasingly technically proficient, the benefits of cryptocurrencies are also being exploited. Virtual currency related crime is on...
25 Oct 2019

Ransomware attacks more prevalent

The City of Johannesburg suffered another ransomware attack, having been targeted in July as well.  Both incidences occurred around the 25th of the month when most South Africans receive their salaries and do payments, highlighting the fact that ransomware attackers will exploit flaws in IT infrastructure at critical times to gain optimum leverage.
25 Oct 2019

UK lawmakers’ election rejection means more strife for pound and UK economy

The Brexit-pummelled pound – the worst-performing major currency of the G10 – is going to fall further following the UK Opposition leader’s instruction to his party to abstain on Monday’s general election vote.

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