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Industry News

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?
16 Jul 2019

Saving our way to prosperity - can SA learn from the world's ‘miracle’ economies?

There’s no silver bullet to achieve elevated savings rates “Every ‘rich’ nation was ‘poor’ at some stage,” explains Dr Adrian Saville, professor in Economics at the Gordon Institute of Business Science, who compiles the Investec GIBS Savings Index for South Africa. “Likewise, none of the ‘economic miracles’ also known as ‘saving stars’ such as South...
16 Jul 2019

The difference between voluntary and involuntary retrenchment

There is no ‘voluntary’ aspect to retrenchment, and this phase should not be used as it is unhelpful when considering the tax treatment of severance packages and retirement fund benefits, says Jenny Gordon, Head of Alexander Forbes Retail Legal.
15 Jul 2019

CoreShares launches goals based multi-asset funds

CoreShares has announced the official launch of two new multi-asset funds: the CoreShares Wealth Accumulation Fund and CoreShares Stable Income Fund. These funds are designed to meet the two primary savings goals of most investors 1) The accumulation of wealth before retirement and 2) A stable, inflation-protected income stream in retirement.
15 Jul 2019

Deficits growing as government expenditure over revenue gap widens

At the Old Mutual Savings & Investment Monitor 2019 update session held today in Sandton, Old Mutual Multi Managers Investment Strategist, Izak Odendaal presented a macro-economic context to the research findings. Odendaal states that the South African government is the nation’s biggest ‘dis-saver’, and its situation is worsening, due to an economy that is beset...
15 Jul 2019

Facebook’s Libra: Are cryptocurrencies growing up?

By David Lerche Senior Investment Analyst, Sanlam Private Wealth. Cryptocurrencies have been on a wild ride over the past two years – the value of Bitcoin and other vendors rising and falling spectacularly, and repeatedly. Now there’s a new kid on the block, with Facebook’s Libra promising to move the until now ‘alternative’ digital currency...
15 Jul 2019

Private Client Holdings wins prestigious international award

  Private Client Holdings has been awarded the title of “Best Investment Advisory Team – South Africa 2019” in the Capital Finance International Awards. The highly regarded London based CFI.co awards programme identifies individuals and organisations worldwide that truly add value through best practice service delivery within their industry.
12 Jul 2019

Trump is wrong on Bitcoin 

U.S. President Trump is wrong and is placing himself on the wrong side of history on Bitcoin – but cryptocurrencies should be regulated, says Nigel Green, the founder and CEO of deVere Group.

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