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Industry News

19 Jul 2019

CFA Society South Africa Announces Conference Agenda

CFA Society South Africa, part of the worldwide network of CFA Institute member societies, has announced the agenda and speaker line-up for its annual investment conference to take place on 25 July 2019 at the Maslow Hotel, Johannesburg. Gary Baker, CFA, Managing Director for CFA Institute in EMEA will deliver the opening remarks, and will...
19 Jul 2019

MPC cuts repo rate by 25 basis points

By Reza Hendrickse, Portfolio Manager at PPS Investments. The Monetary Policy Committee (MPC) voted in favour of lowering the repo rate by 0.25% at their July meeting, which was aligned to predictions from the Quarterly Projection Model (QPM) that showed a 25 basis point cut at some point this year. In May, only two out...
19 Jul 2019

Successful recoveries on Municipal Councilors Pension Fund 

The Financial Sector Conduct Authority (FSCA) is pleased to report that the curators of the Municipal Councilors Pension Fund (MCPF) have successfully recovered R120 million excluding VAT that was paid for vacant land. In a statement, the FSCA said that this amount represents the full purchase price which MCPF paid to Isago@N12 Development (Isago) for...
18 Jul 2019

Help your clients’ employees to get their house in order

While we live in uncertain times, the well-known phrase that ‘nothing is certain but death and taxes’ still rings true. However many retirement fund members lack the financial know-how for getting their house in order to deal with these inevitable certainties.
18 Jul 2019

Tax season is here: How to protect yourself from cybercriminals

Tax season has begun and whilst many of us can’t wait for our refunds – this is also a time of the year when cybercriminals are waiting to attack. Whilst we have become wiser to email spams and scams, cybercriminals are, however, in the perfect position to “fine tune” their attacks. If one doesn’t work,...
18 Jul 2019

Hardi Swart scoops the FPI’s Financial Planner of the Year award

Hardi Swart was the biggest winner at the financial planning industry’s flagship event, while Gerhardt Meyer, Gail Gibson, Barbara Jakob and Amanda John also took home coveted prizes.
18 Jul 2019

Four simple investment behaviours that can help you tame emotions

By: Marilize Lansdell, CEO, PSG Wealth Market volatility often causes people to delay saving for fear of losing money. But the primary reason that people don’t have enough money saved, is simply because they don’t save enough! Therefore, you should rather focus on the factors under your control, instead of getting caught up in short-term noise...
17 Jul 2019

MPC preview: SARB to reduce interest rates

The South African Reserve Bank (SARB) is emphatic that monetary policy is not the solution to South Africa’s economic growth challenges. Reiterating this after the May 2019 meeting of the central bank’s Monetary Policy Committee (MPC), SARB Governor Lesetja Kganyago commented that “current challenges facing the economy are primarily structural in nature and cannot be...
17 Jul 2019

FPI Champions toast a new dawn for the FPI

The FPI Champions event held at the Allan Gray offices in Rosebank last night signalled a new dawn for the Financial Planning Institute. Leading industry figures came out in force to show their support for the FPI’s new direction.
17 Jul 2019

Check that your retirement savings are invested in good causes rather than bad

By: Deirdre Phillips, partner, Bowmans. Most South Africans would not knowingly support activities that might harm the environment, endanger the health of others or violate the rights of workers. Still, unless you know where your money is going, how can you be sure that it is being spent or invested responsibly?

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