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Industry News

06 Sep 2018

Don’t get caught short this tax season

With the tax season deadlines brought forward by a month this year, it’s time to get your supporting documents ready and to do your return, urges Allan Gray’s Carrie Furman, who answers your tax questions.
06 Sep 2018

IAM announces strategic partnership with the China-Africa Development Fund

Marking a historic milestone in strategic collaboration between China and Africa, Investec Asset Management (Investec) today announced the signing of a significant strategic partnership with the China-Africa Development Fund (CADFund), the first private sector organisation to do so. Attended by Finance Mininster Nhlanhla Nene, the signing formed part of the events taking place at the...
06 Sep 2018

Moody's: Government of South Africa Economy's slide into recession increases policy challenges

Moody’s comment is as follows: South Africa’s (Baa3 stable) second quarter GDP results released on 4 September show that the economy contracted -0.7% quarter-on-quarter in real terms and on a seasonally-adjusted basis (Exhibit 1). The main drags on growth came from agriculture, transport and trade. Given that the economy had already contracted in the first...
06 Sep 2018

Sygnia Limited to list on A2X

Sygnia Limited (Share code: SYG) has been approved for a secondary listing on A2X Markets and will list on Thursday, 13 September 2018.
05 Sep 2018

Putting members back in control of their healthcare – and finances

Lack of flexibility regarding their unique healthcare needs is listed as the single biggest concern of medical scheme members. Jeremy Yatt, Principal Officer of Fedhealth Medical Scheme, explains that while medical schemes are generally limited by legislation from personalising benefits in a way the market would ideally prefer, over the last six months Fedhealth has...
05 Sep 2018

Living annuity drawdown rate remains stable at 6.6%

Living annuity policyholders managed to keep the average drawdown rate practically unchanged at around 6.6% for two years running, despite a steep rise in the cost of living in South Africa over this time. The 2017 Living Annuities Survey compiled by the Association for Savings and Investment South Africa (ASISA) shows that living annuity policyholders...
05 Sep 2018

As if a recession is not bad enough, low growth lies ahead

By Arthur Kamp, economist at Sanlam Investments. Not only has South Africa entered a technical recession (two consecutive quarters of negative GDP), future growth expectations are now likely to be revised down.
05 Sep 2018

Worried about retirement? Keep these 5 important habits in mind

Amidst all the uncertainty created by trade wars, Brexit negotiations, noise around possible land claims and the fallout from President Trump’s recent Twitter outburst – planning for a comfortable retirement can be scary for investors. However, making impulsive investment decisions based on these current events could have a negative effect on retirement savings.
04 Sep 2018

Real GDP contracts for second consecutive quarter in second quarter

SA’s real GDP contracted for the second consecutive quarter in the second quarter, but the rate of decline at least moderated to a seasonally adjusted annualised 0,7% q-o-q from a downwardly revised 2,6% (previously 2,2%) in the first quarter, Nedbank economists said today.  The outcome was worse than market expectations of marginal growth of around...
04 Sep 2018

SA will need to make much more strenuous efforts to break out of 'low growth' trap

South Africa will need to make much more strenuous efforts to break out of the ‘low growth’ trap into which a recession has now pushed it.  This is according to Professor Raymond Parsons, economist at the North West University Business School. ‘The extent to which the latest GDP figures for 2Q 2018 confirm that the...

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