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Industry News

05 Jul 2019

Routine meeting between Minister Mboweni and Governor Kganyago

The Minister of Finance, Tito Mboweni, and the Governor of the South African Reserve Bank (SARB) Lesetja Kganyago, met yesterday as they routinely do, in line with section 224 (2) of the Constitution, the Treasury and SARB said in a joint statement.
05 Jul 2019

Enjoy the fruits of a vegan and value approach to life

By Roberta Barr, Research Analyst, Equity Value, Schroders. There are some striking similarities between the emotional journey of buying a value stock and that of a (clearly purely hypothetical) 18-year-old girl becoming a vegan. “You do know what a vegan is, don’t you?” sneers a character in the 1980s sitcom Just Good Friends – to which...
04 Jul 2019

Old Mutual amplifies survival strategies in the music industry

Sidestepping financial pitfalls and dodging scamsters are two vital skills you need as an aspiring music artist, agreed Khuli Chana and Sipho “Hotstix” Mabuse during the latest Old Mutual AMPD Icons Hero Conversation. Held every month in front of a live audience at the new Old Mutual AMPD Studios in Newtown, Johannesburg, these sessions aim...
04 Jul 2019

King Price targets agri sector with innovative offering

King Price has launched a new division that, it says, will revolutionise agri insurance in the country. The new offering provides personalised levels of cover for every farmer’s needs and budget, as well as cover and benefits not offered by any other insurer in South Africa – including a unique ‘low claim benefit’ that farmers...
04 Jul 2019

‘Income First’ the new gold standard for life insurance

It’s time for the South African insurance industry, and independent financial advisers, to set a new standard for life insurance. That’s the call from life insurer FMI (a division of Bidvest Life Ltd), which says focusing on income replacement cover rather than lump sum cover, has significant benefits for consumers and advisers alike.
04 Jul 2019

Developed markets expected to remain as top listing destinations in 2030

The four top exchanges that issuers will consider beyond their home exchange in 2030 are the New York Stock Exchange (NYSE – 37%), Nasdaq (26%), London Stock Exchange (LSE – 24%), and Hong Kong Stock Exchange (24%), according to Capital Markets in 2030, new research by the Economic Intelligence Unit on behalf of PwC. The survey...
04 Jul 2019

Investing globally with Nedgroup Investments' Global Diversified Equity Fund

Nedgroup Investments has announced the launch of the Global Diversified Equity Fund (GDE). Rob Johnson, Head of Investments at Nedgroup Investments says the new fund is ideal for investors looking for long-term capital growth through investment in a global equity portfolio that is broadly diversified across investment style, region, country, sector and individual securities. The...
04 Jul 2019

Coronation shines light on unseen spending this Savings Month

To mark National Savings Month this July, Coronation is on a mission to inspire South Africans to scrutinise their saving and spending habits and shine a light on the unseen ways in which we are unnecessarily spending money that could rather be invested for growth.
04 Jul 2019

Helping South Africans close the behaviour gap

Investors are exposed to an emotional rollercoaster which climbs with the exuberance that bull markets provide, and comes crashing down with panic as markets turn to bearish sentiment. Acting on these emotions, however, has been proven to culminate in an actual cost over time in the form of lower returns. This cost is commonly referred...
04 Jul 2019

Grobank appoints new CEO

Grobank is pleased to announce the appointment of Bennie van Rooy as Chief Executive Officer (CEO) with effect from 1 July 2019. The appointment is a strong statement that demonstrates the Bank’s determination to execute its stated growth strategy, which is aimed at driving the food and agri-business banking, business banking, SME and alliance banking...

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