In the prime of our lives, most of us don’t like to think about death and dying, but for those with dependents and assets, proper estate planning for the management of these after one has died, is essential.
Old Mutual Limited today announced its Interim Results for the six months ended 30 June 2019. The Group’s Adjusted Headline Earnings for the period are up 10% to R5,211 million from R4,750 million in the first half of 2018. This is as a result of higher investment returns in South Africa and good profits contributed...
Momentum Securities’ International Equity portfolio would have ranked top quartile over one, two and three years for the period ending 31 July 2019 in comparison to the recently released ASISA statistics for its Global Equity General unit trust category.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 45.7 index points in August, down from 52.1 in July. While the magnitude of the decline may have been larger than anticipated, a fall in the PMI in August was not totally unexpected. This followed on July’s surprisingly solid reading, despite the weak domestic demand...
Boris Johnson’s Brexit strategy is nothing more than a high-risk gamble for the UK economy, says Nigel Green, the chief executive of deVere Group. The warning comes as it was revealed that several billion pounds have been pulled out of UK equity funds since Mr Johnson became Prime Minister amid growing fears of a no-deal Brexit.
Instead of pointing fingers and focussing on narrow self-interests, government, business and society needs to draw a line in the sand and work together to save the South African economy. This was the resounding message that emerged at a panel discussion between industry heavyweights at the Nedgroup Investments Engage event held in partnership with Business...
By Ferhan Salman, Bank of America Merrill Lynch. July inflation surprised to the downside at 4% yoy (vs. the market at 4.3%). Given the global backdrop and event risks, we see nominal rand depreciation continuing. However, the upside risks from rand depreciation are offset by weak growth (weighing on core inflation) and muted imported inflation...
Discovery releases trading update today. For the financial year ended 30 June 2019, Discovery’s normalised headline earnings per share are expected to decrease by between 5% and 10% to between 795 cents and 753 cents (2018: 836.9 cents), compared to the previous financial year. Core new business annualised premium income is expected to grow by...
The Financial Sector Conduct Authority (FSCA) has launched an investigation into the activities of Coinit Trading (Pty) Ltd and CommEx Minerals (Pty) Ltd as these entities are suspected to be operating fraudulent schemes, with a high likelihood that clients’ investment may be misappropriated. This comes after the authority was made aware that these entities are...
The economic policy paper released by Finance Minister Tito Mboweni on Tuesday, shows that Treasury is finally taking new business growth in South Africa seriously. The document’s recommended measures for promoting small businesses in the country could potentially be the most positive development for this sector in recent years.
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