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Industry News

11 Oct 2019

Patrice Rassou appointed CIO of Ashburton Investments

Patrice Rassou has been appointed chief investment officer (CIO) of Ashburton Investments, the asset management business of FirstRand Limited with effect from April 2020. This is a new role created to coordinate the various investment management activities of the FirstRand group. Commenting on the appointment, Mary Vilakazi, FirstRand COO, said the group was very pleased with the appointment.
11 Oct 2019

Investors struggling to find returns and protect their capital in unusual climate

  Extremely low or negative yields in global markets, along with developed market equities at close to record highs, make it challenging for investors to generate meaningful returns or even protect their capital.   We live in unusual times in the markets. Having nursed itself back to health after the global financial crisis 10 years...
11 Oct 2019

Sanlam & NASASA launch brokerage for stokvel market

Sanlam and the National Stokvel Association of South Africa (NASASA) have launched NASASA Financial Services (Pty) Ltd; a brokerage catering to the financial services needs of the South African stokvel market. NASASA is a self-regulatory organisation with a database of 125 000 stokvel groups, reaching about 2.5 million individuals. The new entity will foster greater financial...
11 Oct 2019

HFA welcomes report of Health Market Inquiry

The Health Funders Association (HFA), the representative organization of the majority of medical schemes and medical scheme administrators in South Africa, welcomes the comprehensive report of the Competition Commission’s Health Market Inquiry (HMI) and recommendations contained therein. The report follows a thorough and extensive inquiry process. Lerato Mosiah, CEO of HFA believes that, once implemented,...
11 Oct 2019

What advisers can expect from DFMs

Florbela Yates, Head: Momentum Investment Consulting talks about Momentum’s 2020 vision for discretionary fund managers in South Africa.  Discretionary Fund Managers (DFMs) have evolved enormously over the past few years. I still recall the old “wrap funds” which unfortunately referred layers of fees and any sub-par funds less obvious. The DFM offerings of today are...
11 Oct 2019

Eskom to challenge NERSA’s decision in court

Eskom issued a statement today, saying that it is challenging the National Energy Regulator of South Africa (NERSA)’s latest decision on tariffs in court. Eskom said that NERSA had published the reasons for decisions for its MYPD4 revenue decision and the Regulatory Clearing Account (RCA) balance decision for the 2018 financial year.  NERSA’s MYPD4 decision...
11 Oct 2019

Every investment carries costs

Every investment carries costs. For many financial services providers, higher fees are explained as a trade-off for a higher quality of brand and service. But, compared with other products where the rule of thumb is that you get what you pay for, higher costs do not always translate to better performance.
11 Oct 2019

SA's ranking rises in the 2019 WEF Global Competitiveness Report

SA must build on the positive factors in the Word Economic Forum (WEF)’s latest better global competitiveness ranking for the country.  This is according to NWU’s Business School Economist, Raymond Parsons.
10 Oct 2019

Stock markets and pound relief over last-ditch bid for Brexit deal

Global stock markets and the British pound are set to experience a short-term boost following last-ditch talks in the Brexit negotiations on Thursday between the UK Prime Minister and his Irish counterpart. This is the optimistic forecast from the CEO of deVere Group, Nigel Green. His comments follow a meeting between Boris Johnson and Leo...
10 Oct 2019

SA household's real net wealth up R300bn in first half of 2019

Although it might not feel that way, South African households’ real net wealth increased by R300.4 billion over the first six months of 2019. This dissonance – of actually being wealthier, but not feeling that way – possibly stems from confusing income and wealth. Tough economic times are making it difficult for households to finance...

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