MoneyMarketing

Industry News

13 Nov 2018

Investec wins again at 2018 Global Private Banking Awards

For an unprecedented sixth year in a row, Investec was named the best Private Bank and Wealth Manager in South Africa at the prestigious 2018 Global Private Banking Awards hosted by the Financial Times of London.
13 Nov 2018

Offshore investing is ‘mainstreaming’

South African investment fund managers are moving fast to meet investor demand for offshore diversification – and competition is growing from international financial centres keen to persuade South African investment managers to domicile their offshore products in their particular jurisdiction.
13 Nov 2018

“Buy and hold” quality, dividend paying companies for successful investment outcomes

Financial markets may appear daunting currently with so much economic and political uncertainty. However, it is important to try and ignore short-term distractions and focus on the long-term trends that matter. Short term distractions are unlikely to have any major impact on markets over the longer term. The key to investing for the long-term is...
13 Nov 2018

Leadership change at Old Mutual reflects successful talent succession strategy

Old Mutual Limited (OML) is pleased to announce the appointment of Khaya Gobodo as the Managing Director (MD) of its Wealth and Investments segment effective 1 January 2019, signalling significant progress towards one of its key strategic objectives of winning the war for talent.
13 Nov 2018

Investec Property Fund: Portfolio diversification offsets challenging domestic market

Highlights · Interim distribution of 68.81 cents per share, 5.4% increase in normalised DPS y-o-y · Base net property income growth of 1.7% y-o-y · Vacancy improved to 3.1% · 91% of space expiring in the period renewed of re-let at an average WALE of 3.8 years · €71.9m invested into the Pan-European logistics investment...
12 Nov 2018

Tencent – not just a dime a dozen

By Nishlen Govender, Portfolio Manager, Citadel. Since Naspers, the JSE’s highest market cap stock, announced in March that is was to reduce its holding in Tencent by 2%, the Chinese tech company has received considerable attention. Notably, Tencent shares have lost a third of their value so far this year.
12 Nov 2018

Moody's: Global credit conditions to weaken in 2019 amid slowing growth and rising risks

Global credit conditions will weaken in 2019 as economic growth decelerates, funding costs increase, liquidity tightens and market volatility returns, Moody’s Investors Service says in a new report.
12 Nov 2018

PI policy cannot be ceded to third party

By Patrick Bracher, Norton Rose Fulbright. The professional indemnity policy issued by the Attorneys Insurance Indemnity Fund is incapable of cession to a third party. A purported cession to the client of a law firm who had lost misappropriated trust funds was declared invalid by the Supreme Court of Appeal.Contracts can be ceded to third parties if...
12 Nov 2018

Short-term Bank Deposit Complaints – the FAIS Ombud can help!

As a result of the introduction of the Financial Sector Regulation Act on April 1 of this year, the FSCA is now more than ever dedicated to regulating market conduct across all financial institutions in South Africa, the FAIS Ombud says in a statement published today.
12 Nov 2018

Schroders expands footprint in South Africa

Schroders today announces it has been granted a Category 1 Financial Services Provider (‘FSP’) licence, which will enable it to offer global investment services directly to South African clients. Schroders has had a presence in South Africa since 2015 and until now has operated in partnership with Argon Asset Management in the institutional market. Schroders...

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