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Industry News

19 Feb 2019

Eight questions you should be asking your financial planner

By Eric Streso, Certified Financial Planner. Mismanagement of money can be devastating to your current financial status and your future. Financial advisors offer investors a holistic approach to their money matters that will see long-term financial stability with return on investment. However, seeking out the assistance of a financial planner to manage your wealth can be...
18 Feb 2019

CoreShares consolidates its ETF equity offering with Multi-factor

CoreShares today announced that it intends re-mandating its Top 40 Equally Weighted ETF (Share code: CSEW40) to track its flagship Multi-factor index. This index is designed and maintained by the renowned Scientific Beta, part of the EDHEC Business School. Scientific Beta recently announced that it now has 43 Bln USD tracking its Multi-factor indexes and...
18 Feb 2019

Budget 2019: Cautiously optimistic despite the fragile economy 

By: David Crosoer, Executive: Research and Investments at PPS Investments After a highly challenging year, in hindsight we might view 2018 as a decisive one in our history and consciousness – where we broke free from both the legacy of 2007 ANC Polokwane Elective Conference and the debilitating pull of the 2008 global financial crisis...
17 Feb 2019

National Budget 2019: Hoping for a great escape

By Craig Pheiffer: Chief Investment Strategist, Absa Stockbrokers and Portfolio Management. Legendary escapologist Harry Houdini began his career escaping from handcuffs but later went on to dazzle audiences with escapes from large milk cans, his specially designed Chinese water torture cell and buried caskets. The difficulty of the escapes was often ratcheted up by binding...
15 Feb 2019

Asset allocation: equities still likely to reward

By Alwyn van der Merwe, Director of Investments, Sanlam Private Wealth. After a particularly tumultuous 2018, investors could be forgiven for feeling they were waking up to 2019 nursing a massive hangover. Both global and local financial markets took a severe beating over the year, and investors in higher risk asset classes such as equities...
15 Feb 2019

Comparing tax-free savings accounts with unit trusts

By Jaco Prinsloo, Financial Planner at Alexander Forbes Financial Planning Consultants. The close of the tax year is drawing near, meaning those wanting to make use of the tax-free savings account allowance have their last opportunity on February 28 to put money away in the current tax year.
15 Feb 2019

2019 National Budget predictions: An increase in the budget deficit?

By the tax team at Norton Rose Fulbright. In the last three annual budget speeches delivered by the Minister of Finance, we have seen increases in the following taxes: an increase in the VAT rate from 14% to 15%; an increased rate of personal income tax, referred to as the new super tax bracket of 45%...
15 Feb 2019

Opportunistic crime could climb amid load shedding

Amidst the recent countrywide implementation of stage 3 load shedding by soon to be unbundled state power utility, Eskom, South Africans are cautioned to protect themselves, their property and their valued belongings. There are grave potential financial repercussions of not only the load shedding process, but also the dangerous power surges that can ensue as...
14 Feb 2019

Local CIS industry shoulders tough markets, attracts net inflows of R93.5 bn

The local Collective Investment Schemes (CIS) industry attracted net inflows of R93.5 billion in 2018, ending the year with assets under management of R2.24 trillion.
14 Feb 2019

Is oil as valuable as SA believes?

The recent gas discovery of approximately one billion barrels of oil equivalent in South African seas by French energy group, Total, has triggered widespread hope of a significant economic boost for the local economy.

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