MoneyMarketing

Industry News

28 Mar 2019

Moody's: "Rating likely to remain unchanged"

By Sanisha Packirisamy, Chief Economist at Momentum Investments We are expecting a downgrade in the outlook from stable to negative, but the rating, in our view, is likely to remain unchanged. Moody’s noted that the breach in the expenditure ceiling was viewed as a once-off and acknowledged that outside of the additional allocation to Eskom,...
28 Mar 2019

South Africans suffering from the Moody’s blues

South Africans are waiting expectantly for a credit rating announcement from Moody’s Investor Service, the only credit rating agency yet to downgrade the country to junk status.  Whether this will happen on Friday is anyone’s guess, and even economists are divided as to whether junk is on the cards or not.   Having adopted a cautiously...
28 Mar 2019

Mazars welcomes appointment of new SARS commissioner

The appointment of Edward Kieswetter as the new commissioner of the South African Revenue Service (SARS) was an excellent decision by President Cyril Ramaphosa, and will help to bring policy certainty to the organisation.
28 Mar 2019

Doctor's orders: Save more

Medical doctors may have strong earning power and expect to accumulate wealth in their lifetime, but here’s the stark reality if you’re just commencing  ‘comm serve’ (community service): You’re likely to need a capital amount of around R60 million on retirement if you hope to maintain your lifestyle after you stop practicing.
27 Mar 2019

2019: The year of rapidly rising customer expectations in the banking sector

Traditional banks are facing steadily increasing customer expectations while struggling to consistently get the basics right that underpin the most fundamental aspects of customer satisfaction.
27 Mar 2019

Low inflation confirmation

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist) from Old Mutual Multi-Managers  South Africans were left cursing in the dark during last week’s stage four load shedding, which, if it continues, will damage economic growth and sentiment. However, local financial markets tend to take their cues from abroad, rather than domestically, and...
27 Mar 2019

Old Mutual Wealth Tailored Funds Portfolio certified for fiduciary excellence

Old Mutual Wealth’s Tailored Funds Portfolio (TFP) capability is the first investment manager in South Africa to receive certification for fiduciary excellence from the Centre for Fiduciary Excellence (CEFEX), further cementing its fiduciary commitment to clients.
27 Mar 2019

Insuring your personal generator

After a few weeks of national rolling blackouts, Eskom has announced that no load-shedding is anticipated for this week. The system, however, remains vulnerable, and South Africans remain in the dark regarding the future of Eskom’s energy crisis.
27 Mar 2019

Energy update from the Minister of Energy

By Jackie Midlane and Raghemah Hendricks, Norton Rose Fulbright The Minister of Energy, Jeff Radebe, yesterday committed government to a collaborative approach with the private sector in dealing with the current energy crisis in South Africa.At the DLO Africa Power Roundtable Conference on 26 March, Minister Radebe spoke positively about the imminent release of the...
27 Mar 2019

More SA investors looking offshore

South Africans are experiencing growing frustration over the current economic and political instability in South Africa. With the increased implementation of load-shedding, the economy is under pressure and the rand is weakening.

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