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Industry News

15 Aug 2018

Moody's on South Africa: fiscal slippage likely this year, but medium-term targets within reach

“We expect a slower pace of fiscal consolidation than the Government of South Africa (Baa3 stable) is forecasting based on a number of headwinds,” Moody’s said in a statement this afternoon.
15 Aug 2018

STANLIB’s investment platform programme wins global award

STANLIB’s Group Investment Platform programme, which is strengthening the organisation’s platform capabilities – including the recently launched INN8 – has beaten 16 other African countries to win the 2018 Africa PMO of the Year Award.
15 Aug 2018

Types of intent that affect your car insurance claim

When deciding on whether someone should be covered in the event of a motor vehicle accident, an insurer may decide that a seemingly negligent driver actually acted with intent and should therefore not be covered, and such insurer may apply criminal court judgments to do so.
15 Aug 2018

The benefit of wellness programmes

It’s abundantly clear from research by medical schemes such as Discovery and Momentum – the two medical aid schemes with the biggest wellness incentive programmes in Vitality (700 000 main members) and Multiply (154 181 main members) – that members engaging in some form of activity on a regular basis have lower medical claims on average compared...
15 Aug 2018

The real cost of banking

Fees have increasingly been in the spotlight in 2018, and with rising competition in the banking sector and budgets coming under severe pressure, Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions, notes that it is high time South African businesses took a hard look at their banking costs. 
14 Aug 2018

US economy 'performs well in July'

By Gielie de Swardt, Head of Retail Distribution at Sanlam Investments.
14 Aug 2018

Agri SA questions validity of #farmlist – release is irresponsible

Agri SA says it’s questioning the status and content of the leaked list of farms said to be earmarked for expropriation without compensation (EWC).
14 Aug 2018

Treasury’s possible challenges following the VAT Panel report

The recommendations put forward by the review panel on the zero-rating of certain items for Value-Added Tax (VAT), may be challenging for Treasury to enforce. This is according to Tertius Troost, Senior Tax Consultant at Mazars, who says that while the panel, led by Professor Ingrid Woolard, has made compelling arguments for the inclusion of...
14 Aug 2018

Expropriation list risks Venezuelan disaster for South Africa – IRR

Media reports of a purported list of farms that the government intends to expropriate without compensation have sharpened anxiety about the policy direction South Africa is taking, the Institute of Race Relations (IRR) says. “While we note the statement by the Department of Rural Development and Land Reform that ‘there is no truth to this...
14 Aug 2018

South African tax law and exchange control have different requirements

Melissa Brink, a Structured Solutions analyst at Bravura, an independent investment banking firm specialising in corporate finance and structured solutions, explains the importance of determining whether a natural person is a resident of South Africa.

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