MoneyMarketing

Industry News

21 Jan 2019

Minister Mboweni convenes second colloquium on the economy

The Minister of Finance Tito Mboweni convened the second colloquium on the South African economy on Saturday (19 January 2019) to discuss ways to achieve higher and more inclusive growth. Participants at the colloquium included the Minister of Trade and Industry Rob Davies, Governor of the South African Reserve Bank Lesetja Kganyago and Deputy Governor...
18 Jan 2019

Report points to deterioration in global economic and geopolitical conditions

The world’s ability to foster collective action in the face of urgent major crises has reached crisis levels, with worsening international relations hindering action across a growing array of serious challenges. Meanwhile, a darkening economic outlook, in part caused by geopolitical tensions, looks set to further reduce the potential for international cooperation in 2019. These...
18 Jan 2019

MPC decision 'widely expected'

‘The widely expected decision by the MPC to leave interest rates unchanged yesterday is the right one in present economic circumstances,” says Professor Raymond Parsons, MWU Business School economist.
18 Jan 2019

Biking to retirement: how cycling connects to better long-term investing

By Richus Nel, Financial Adviser, PSG Wealth Old Oak. As a recreational cyclist, I regard cycling as one of the most enjoyable and effective ways to get around. But while some cycling is for recreation, other times it can be about incremental goal setting. Every hill, every valley or every time challenge is within reach,...
17 Jan 2019

SARB keeps interest rates unchanged

Following the South African Reserve Bank’s (SARB) decision to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10.25% and will review its position following the next SARB Monetary Policy Committee (MPC) meeting in March 2019.
17 Jan 2019

December 2018 experienced little of the usual market optimism

By Gielie de Swardt, head of Retail Distribution at Sanlam Investments. Following the positive outcome from the G20 Summit talks, the US and China have entered a three-month truce, causing markets around the world to climb at month start.
17 Jan 2019

New financial services qualification launched in South Africa

A new internationally recognised professional qualification is available to South Africans who have a professional degree and are looking to expand into an analytical career in the financial services sector.
17 Jan 2019

SA’s ranking on passport index remains stable

The South African passport remains stable in 2019 on the latest Henley Passport Index. South Africa, ranked 53rd globally, continues to occupy 3rd place in the Sub-Saharan Africa region, following the Seychelles, ranked 27th globally, and Mauritius, ranked 31st globally. Somalia, Libya, and Eritrea sit at the bottom of the index in Africa, each only...
17 Jan 2019

ANC’s manifesto is a ‘wake-up call’ for investors, warns deVere Acuma

The ANC’s manifesto should serve as a “wake-up call” for investors to consider creating, building and safeguarding wealth internationally. This is the clear warning from Gavin Smith, Head of Africa at deVere Acuma.
17 Jan 2019

RA or TFSA? How to maximise your retirement savings

Jan van der Merwe, Head: Actuarial and Product at PSG Wealth If you still want to take advantage of this year’s tax exemptions, the clock is ticking. What is the best way to maximise your savings? Theoretically, the most efficient option is investing in a retirement annuity (RA) before investing any excess amounts in a...

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