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Industry News

03 Jun 2019

Past six months 'challenging' for the asset management industry: Sygnia

Financial services group, Sygnia, released its results for the six months ended 31 March 2019 today. Highlights of results – Assets under management and administration of R228.1 billion as at 31 March 2019 (2018: R180.6 billion), up 26.3% – Revenue of R229.3 million (2018: R207.3 million), up 10.6% – Operating profit (before tax and finance charges)...
03 Jun 2019

South Africa’s subdued economic growth could be reignited: IMF

  Following President Cyril Ramaphosa’s election, there is a sense of cautious optimism about economic prospects as the new government formulates its policy agenda.  This is the view of Ana Lucía Coronel who led an International Monetary Fund (IMF) mission to South Africa from May 27 to June 3, 2019.
03 Jun 2019

Grow your wealth by attending the Allan Gray Investment Summit 

After successfully bringing together renowned investment experts from all over the globe for two consecutive years to sold-out audiences, the Allan Gray Investment Summit will be back in July 2019 to bring investors ideas that build long-term wealth.
03 Jun 2019

Structured products address “protection vs participation” dilemma facing investors

 One of the key challenges for investment advisers in the current climate is to decide on positioning in what looks to be a mature global equity market. While the risk of a major correction or sell-off in the next two to three years needs to be taken into account, there’s also the “fear of missing...
03 Jun 2019

Insurance is not a priority for South African millennials 

Millennials often feel they are too young to need insurance and would prefer to save for a holiday, buy a cell phone, obtain internet access or eliminate their student debt, says Absa Insurance Company (AIC).
03 Jun 2019

The foreign earnings tax exemption minefield – what applies to who?

By Philip Shapiro, Private Wealth Manager – NFB Private Wealth Management. With so many people working and earning income abroad the subject of taxation has increasingly become a minefield. When South Africa’s cash-strapped National Treasury announced in 2017 that it intended to end the 2001 tax exemption that applies to foreign earnings, South African tax...
03 Jun 2019

Investing in Africa – Africa presents a world of opportunity

Investing in Africa offers enormous potential for growth and opportunities in both the listed and unlisted space. The continent boasts some of the fastest-growing regions, supported by strong population growth, technological innovation and infrastructure deficit. However despite the wealth of opportunity across the continent it comes with its fair share of Africa specific risk.
01 Jun 2019

Elections 2019: Where to from here?

By: Peter Armitage, CEO, Anchor South Africa voted on 8 May, in what was probably the most important general election since the dawn of democracy. Surprisingly, from the data, voter turnout was very low at 65.99% of the total 26.8mn registered voters. Julius Malema’s EFF has become the official opposition in three provinces and grown...
01 Jun 2019

The power of possibility – what next for the empty nester?

Empty Nesters… the market segment at the crossroads between midlife and retirement. This can be a period of major transition, as their children leave home. For those who find themselves at this crossroads, it presents the opportunity for reflection, to take stock and set their sights on new goals.
31 May 2019

First quarter GDP release in focus next week

By Mamello Matikinca-Ngwenya, FNB Chief Economist. Next week kicks off with May data for the Absa manufacturing PMI and new vehicle sales on Monday. 1Q19 GDP data will be released on Tuesday and 1Q19 current account data will be released on Thursday.

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