MoneyMarketing

Industry News

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...
04 Jul 2019

Absa is first to secondary list ETFs on A2X

  Absa Corporate and Investment Bank (Absa CIB) are to secondary list three of its market-leading metal exchange traded funds (ETFs) on A2X Markets. NewGold (GLD) NewPlat (NGPLT) and NewGold Palladium (NGPLD).
03 Jul 2019

Having enough money for retirement is your responsibility

AUTHOR / BYLINE: Gerard Visser, Financial Planning Consultant at Alexander Forbes As you approach retirement, one needs to decide the age you would like to retire at – but more importantly, whether you can in fact retire with the available funds you have and if the income you will receive will sustain you for the...
03 Jul 2019

SA investors to stay the course when feeling the slump

For the best part of five years, investors could be excused for thinking they’ve been hitting the replay button on a bad repeat of bleak market conditions. While global markets have rallied, especially in the US, South African investors have sadly missed out. Victoria Reuvers of Morningstar Investment Management SA. “Stay the course, ride the...
03 Jul 2019

The value vs. the cost of fiduciary advice

AUTHOR / BYLINE: Willie Fourie, Head of Estate and Trust Services at PSG Wealth Excessive costs can erode your growth, so being cost-conscious make sense. However, cost is only one consideration when it comes to having an estate plan drawn up by a professional. At the other end of the scale there is the reality...
02 Jul 2019

deVere celebrates 10 years in Botswana

Financial advisory organisation, deVere, is this month celebrating 10 years in Botswana. Launched in Gaborone 2009, the office is one of eight across Africa, including in some of the continent’s most dynamic destinations such as Cape Town, Johannesburg, Durban, Accra, Lusaka, Bulawayo and Harare.
02 Jul 2019

Do accountants need help with their own financial planning?

The demanding nature of the CA profession means that time is often a commodity. While the pressurised environment can start from as early as undergraduate level, this does pay off, with CAs earning an average salary of close to R500 000 pa once fully qualified. However, full-earning potential is only realised later in life, which can...
02 Jul 2019

The FPI announces the shortlist for the Financial Planner of the Year award

Hardi Swart, Craig Turton and Johan Swart would all be worthy recipients of the accolade – but only one can prevail when the winner is announced on 17 July.  The Financial Planner of the Year award is the highest accolade bestowed on financial planners in South Africa, and it represents the very pinnacle of the...
02 Jul 2019

Alternative investments can ward off lacklustre portfolio returns

Asset managers and financial advisers can address concerns about low returns from traditional asset classes by diversifying into alternative investments. Gavin Ralston, head of Official Institutions and Thought Leadership at Schroders, told financial advisers last month at the annual i3 Summit, hosted jointly by Sanlam Investments and Glacier by Sanlam, that they could deliver better...

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