MoneyMarketing

Industry News

16 May 2019

MoneyMarketing is an FPI recognised CPD Provider - May 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.
16 May 2019

Online banking fraud keeps Banking Ombudsman on its toes two years running

The Ombudsman for Banking Services (OBS) has released its Annual Report highlighting some interesting statistics for its operations for 2018. Key highlights for the year are: 7307 cases were closed – 12% more than in 2017 and an increase of 40% over the last two years ATM fraud complaints dropped by 4% from 18% to...
16 May 2019

SAQA approves title change for the FPI’s designation

On 26 April 2019, the South African Qualification Authority (SAQA) Board approved the title change of the FPI’s RFP™ professional designation from Registered Financial Planner to Registered Financial Practitioner.
15 May 2019

Insuring your home at market value could cost you

South African residential property prices are experiencing continued downward pressure while the average cost of building new property continues to increase year on year with rising costs of materials and labour. The 2018/ 2019 Lightstone Property Forecast showed that the market ended close to 2.9% as opposed to the forecasted 3.8% in 2018. The current...
14 May 2019

PwC focus: Unemployment rate increases in 2019Q1

Statistics South Africa (Stats SA) reported on May 14th that South Africa’s unemployment rate increased from 27.1% of the labour force in the fourth quarter of 2018 to 27.6% during the first quarter of 2019. A decline in employment numbers as well as an increase in the labour force brought the unemployment rate precariously close...
14 May 2019

Accessing your pension fund early could hurt you in the future

“Cashing out your pension fund when you change jobs or resigning to access your pension fund may seem like a quick cash-flow fix but, in actual fact, you are crippling yourself,” advises John Manyike, Head of Financial Education at Old Mutual Limited.
14 May 2019

Demand for Impact Farming products surprises Fedgroup

Financial services provider Fedgroup admits that it was pleasantly surprised by the strong demand for its impact investing products, which it introduced a year ago.
14 May 2019

Three key post-election investor issues for Ramaphosa 

By Maarten Ackerman, Chief Economist and Advisory Partner, Citadel. With the elections now largely behind us, investors’ focus will shift to President Cyril Ramaphosa’s ability and political will in addressing issues of concern, namely: the composition of cabinet to be announced on the 28th of May, transforming the economy with the promised policy reform and resolving...
14 May 2019

A solid first quarter for local collective investment schemes

The local Collective Investment Schemes (CIS) industry reported strong net inflows of R52.8 billion in the first quarter of this year; the third highest quarterly net inflows recorded in five years.
14 May 2019

How to protect an estate from going up in smoke

Runaway fires wreak havoc and can have crippling financial ramifications. Fire damage to residential and commercial estates is proving an increased risk for property owners and insurers alike. As such, Santam Specialist Real Estate (SRE) has seen a doubling of fire and fire-related claims over the past three years. The lesson is for bodies corporate and...

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