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Industry News

04 Sep 2018

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman. Numbers show that the economy shrank by...
04 Sep 2018

GDP numbers show that South Africans are paying a ‘terrible economic price’ for EWC push

The Institute of Race Relations (IRR) has said that the government’s push for expropriation without compensation (EWC) is making South Africans poorer. According to the IRR, the disastrous economic growth numbers released today by Statistics South Africa (Stats SA), the country’s official statistical agency, reflect a number of factors including investor fears that the South...
04 Sep 2018

Coronation drops its minimum investment amount to R1

To celebrate its 25th birthday, Coronation has dropped its minimum investment amount from R5000 to R1, and is contributing a 10% top-up on investments made via its becauseitsyourmoney investment channel during the month of September.
04 Sep 2018

2Q18 GDP confirms technical recession

By Jason Muscat, FNB Senior Economic Analyst. South Africa’s economy contracted by -0.7% qq (seasonally adjusted and annualised) in 2Q18, the second consecutive contraction, which confirmed that the country entered a technical recession in the second quarter.
04 Sep 2018

Rand plummets as SA enters recession

By Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions. After breaking through R15.00/$ this morning, the ZAR slipped to R15.12 after news broke that the South African economy had slipped into a technical recession with GDP falling -0.7% quarter-on-quarter annualised and rising by only 0.4% year-on-year and undershooting market expectations. This follows a restated...
04 Sep 2018

Bruising fuel hike averted, at least for now

Comment by Paul Makube, Senior Agricultural Economist at FNB Agri-Business. A further strain on the consumer has almost been averted following the announcement of the intervention by the Department of Energy to limit the fuel increase to only five cents per litre to cover the costs of wage increases of frontline staff at service stations....
04 Sep 2018

Compli-Serve Gauteng welcomes Compliance Officer Theresa van Diggelen

Compli-Serve SA is pleased to welcome esteemed compliance officer, Theresa van Diggelen, to their Gauteng office.
04 Sep 2018

Land reform panic unnecessary, Seeff welcomes shows of clarity and support

There is no doubt that there is great concern about land reforms amongst ordinary South Africans and especially property owners and buyers. At the same time, there is a huge amount of noise in the media and public discourse around this, often sending mixed messages. In light of this, the Seeff Property Group has welcomed...
03 Sep 2018

Wanderers Golf Club and Investec Property join forces 

The Wanderers Golf Club, in partnership with Investec Property has embarked on a process to develop an iconic mixed-use precinct unrivalled in Johannesburg’s Northern Suburbs. Strategically located in Illovo, between the central business districts of Sandton and Rosebank, the R2 billion development is set to become a benchmark for mixed-use developments in South Africa.
03 Sep 2018

How rand depreciation affects your insurance cover

By Bertus Visser, Head of Distribution, PSG Insure. Times are tough in markets across the globe, and South Africa is no exception. To make matters worse, continued pressure on the rand – largely due to factors outside South Africa’s control – is fuelling inflation fears and adding pressure to an already struggling economy. This affects...

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