MoneyMarketing

Industry News

10 Jun 2019

South Africa's first-quarter GDP contraction will weigh on banks' and sovereign's credit profiles

By Lucie Villa, Moody’s Vice President – Senior Credit Officer and lead sovereign analyst for South Africa. On 4 June, Statistics South Africa released data showing first-quarter 2019 GDP contracted 3.2% on a seasonally adjusted and annualised basis (or by 0.8% on a non-annualised basis) from fourth-quarter 2018.
07 Jun 2019

FSCA files court papers to review Public Protector’s report

The Financial Sector Conduct Authority (FSCA) today issued a statement in which it said that it had filed papers in the North Gauteng High Court requesting the court to review and set aside the report by the Public Protector (PP), in which she made findings of impropriety and maladministration against the Financial Services Board (now...
07 Jun 2019

A government at war with itself: SACCI

The post ANC NEC Lekgotla announcements, pronouncements and denouncements are precisely the problem that should be avoided at all costs, as all these cause markets instability. This is according to the CEO of the South African Chamber of Commerce and Industry, (SACCI), Alan Mukoki.
07 Jun 2019

Guidance note on requirements for Continuous Professional Development (CPD)

The Financial Sector Conduct Authority (FSCA) has released a guidance note on the compliance with the continuous professional development (“CPD”) requirements for Financial Services Providers (FSPs), key individuals (KIs) and representatives. This note gives more clarity on the CPD requirements following the exemption granted by the FSCA on 1 June 2019, exempting FSPs, KIs and...
07 Jun 2019

MoneyMarketing is an FPI recognised CPD Provider - June 2019

Now FPI members can earn 1 verifiable CPD point/hour for reading the latest issue of MoneyMarketing. A CPD activity is a verifiable activity that is accredited by a professional body – such as the Financial Planning Institute of Southern Africa (FPI), a South African Qualifications Authority (SAQA) Recognised Professional Body.
06 Jun 2019

Tax free investments for your child’s future

By Jan van der Merwe, Head of Actuarial and Product, PSG Wealth. Ensuring there is money aside for the future of your children is an essential part of being a parent. Be it that you’d like to start saving for your child’s tertiary education or you would like a few years to get together a nest...
06 Jun 2019

Trump's Mexican tariffs may force Fed's hand

  Keith Wade, Chief Economist at Schroders, comments on US President Donald Trump’s latest tariffs on Mexico and their effect on the US Federal Reserve (Fed).
06 Jun 2019

Already weak pound will fall further if Boris Johnson is PM: deVere CEO

Expect Boris Johnson, the person most likely to be the next UK Prime Minister, to drive down the pound even further should he win the leadership contest. This is the stark warning from Nigel Green, the CEO of deVere Group.
06 Jun 2019

Is your preferred retirement fund geared for millennials?

By: Regard Budler, Head of Strategic Initiatives: Momentum Corporate
06 Jun 2019

Training at forefront as AI fails to fill underwriting needs

In the 1980s, when first underwriting computer programs were developed, the insurance industry saw this as the end of the need to train underwriters. Decades on, the industry and the Insurance Sector Education and Training Authority (INSETA) have recognised that the ‘human touch’ is still very much needed in the position of underwriter, despite great...

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