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Industry News

15 Aug 2019

'SA's fiscal policy cannot be allowed to continue drifting in the wrong direction'

By Arthur Kamp, Economist at Sanlam Investments South Africa’s current fiscal path is unsustainable. Taken at face value, the announced bail out of state-owned companies and continued weak income growth has, effectively, severely dimmed the hope of fiscal consolidation in 2019/20 and 2020/21 as a Main Budget deficit of close to 6% of GDP is...
15 Aug 2019

Despite US yield curve inversion, don’t write off the economy just yet

Recession concerns in the US are rising following an inversion of the 2-year/10-year Treasury yield spread. Such inversion has preceded each of the past nine recessions. The only false-positive reading was in 1965-1966.
15 Aug 2019

Financial challenges facing the modern woman

By: Mandy Porter, senior financial planner at Alexander Forbes Financial Planning Consultants
15 Aug 2019

What you need to know about provisional tax to avoid penalties

The deadline for the first provisional tax return is Friday 30 August and taxpayers are reminded that not only do they have to submit their return by this deadline, they also have to make the payment on the same day. “Late submissions, late payments and missed deadlines will attract harsh penalties and interest,” Marc Sevitz,...
14 Aug 2019

SA Retail Sales lift by 2.4%

According to Statistics SA, retail sales for June 2019 lifted by 2.4% y/y, marginally above the 2.3% y/y (revised from 2.2% y/y) recorded in May.
14 Aug 2019

SACCI: Trade Conditions Strained but Stable

Trade conditions for the month of July 2019 remained strained but stable, according to the SA Chamber of Commerce and Industry (SACCI).
14 Aug 2019

Momentum Metropolitan Holdings appoints two new CEOs to executive committee to strengthen operations

Momentum Metropolitan Holdings, (formerly MMI Holdings), has appointed two new members to the Momentum Metropolitan Executive Committee (Group Exco). Dumo Mbethe and Hannes Viljoen, both internal appointments, will assume their roles effective 16 September and 1 September 2019, respectively.
14 Aug 2019

Rand: Better risk sentiment sweeps through market

By Andre Botha, Senior Dealer at TreasuryONE. We have seen a lift in sentiment from yesterday afternoon as the announcement came that the US will delay imposing some tariffs until the 15th of December. China also indicated that they are willing to resume trade talks as well. This buoyed markets as a wave of better...
14 Aug 2019

DA seeks urgent legal opinion on constitutionality of NHI Bill

By Mmusi Maimane – Leader of the Democratic Alliance. Globally, countries are moving towards the provision of universal healthcare. It is without doubt that South Africa needs to follow suit. There still exists “two South Africa’s”, one with access to quality private healthcare, and one with access to substandard, public healthcare. This needs to be...
14 Aug 2019

Have US equities been overvalued?

By: Gerrit Smit, Partner – Head of Equity Management, Stonehage Fleming Investment Management  

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