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Industry News

24 Oct 2018

MTBPS: SA's growth outlook remains weak and vulnerable

“The latest Medium Term Budget Policy Statement (MTBPS) shows that SA’s fiscal arithmetic and growth outlook remain weak and vulnerable.  This is according to NWU Business School Economist, Prof Raymond Parsons. He adds that the economic and fiscal strategies outlined today by new Finance Minister Tito Mboweni are likely to have a mixed impact on...
24 Oct 2018

MTBPS laden with negative headlines but devil in the detail

By Nazmeera Moola, Deputy MD, Investec Asset Management. At first glance Finance Minister Tito Mboweni’s maiden Medium-Term Budget Policy Statement (MTBPS) does not paint a pretty picture and the market is likely to hate it. The headlines in particular are dreadful: the consolidated deficit rises to 4% this year, raising the spectre of a Moody’s...
24 Oct 2018

Mercer’s Global Pension Index: SA’s rating improves

This year’s Melbourne Mercer Global Pension Index (MMGPI) was recently published. The Index measures the retirement income systems for 34 countries against more than 40 indicators. These include sub-indices measuring the adequacy, sustainability and integrity of the retirement system.
24 Oct 2018

Critical illness cover inspired by cancer survivors addresses real needs

In South Africa, 100 000 people receive a cancer diagnosis each year, with one in nine women being diagnosed in their lifetime1 and breast cancer being the leading cancer diagnosed among women2. It’s unlikely that there’s a single South African untouched by cancer, and it’s common knowledge that the impact of a critical illness is much more...
24 Oct 2018

Uncertainty about cryptocurrency and virtual assets in an estate

AUTHOR: Dave Thomson, CFP® and Senior Legal Adviser at Sanlam Trust I recently attended the Fiduciary Institute of South Africa (FISA) conference and listened to a very interesting presentation on freedom of testation and digital assets by Deidre Booyens.
23 Oct 2018

SA equity market likely to struggle but bargains emerging

The South African overall equity market has shed more than 20% from its highs at the beginning of the year in dollar terms, a similar sized drop to the ‘Nenegate’ slump of 2015. 
23 Oct 2018

Agri SA asks for support and drought assistance in MTBPS

Agri SA is looking forward to the Minister of Finance, Tito Mboweni’s maiden Medium-Term Budget Policy Statement (MTBPS) in Parliament tomorrow, it said in a statement today.
23 Oct 2018

To financially emigrate or not to?

Emigrating to another country can be as stressful as it is exciting. It’s difficult enough to relocate your possessions, but it becomes even more complex when the time comes to transfer your financial assets abroad. Can you just use your foreign investment allowances to move your money or do you need to financially emigrate?  There...
22 Oct 2018

Weekly investment note: From bad to worse to better

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. The performance of the local equity market this year has been dire, to say the least. After 2017 delivered a 20% return and 2018 kicked off with the promise of positive political and policy change in South Africa, the local market...
22 Oct 2018

2017 the costliest year on record for natural disasters

“Managing risks of severe weather conditions is essential as under-insurance leaves individuals and businesses facing financial ruin in major weather catastrophes.” In Aon Benfield’s latest Weather, Climate and Catastrophe Insight Report, 2017 was flagged as the costliest year on record for natural disasters. The global economic cost of natural disasters in 2017 clocked in at...

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