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14 Aug 2018

Actuarial Society transformation intervention significantly ups black student pass rates

The majority of students enrolled in South Africa’s undergraduate actuarial programmes are black. Yet the country has only 109 black African Fellow Actuaries. By comparison, there are 974 white Fellow Actuaries. A Fellow is a fully qualified actuary. Mike McDougall, CEO of the Actuarial Society of South Africa (ASSA), says South Africa’s actuarial profession faces...
14 Aug 2018

Local online investment platform scoops international tech award

Nedgroup Investments automated online investing platform has won the Banker Technology project of the year in the Banker Tech projects Awards 2018, backed by the Financial Times.
13 Aug 2018

How to stuff a Turkey

Turkey’s financial woes have escalated into a full-blown crisis, with other emerging markets, including South Africa, suffering some collateral damage. According to Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), at Old Mutual Multi-Managers, Turkey faces challenges on a number of fronts. “It is in an unstable neighbourhood and runs a large current...
13 Aug 2018

Treasury comments on measures considered for igniting economic growth

Today, the National Treasury commented on measures being considered for igniting economic growth in South Africa. “In his statement to the nation on July 31, President Cyril Ramaphosa made it clear that the funding for measures being considered to ignite economic growth would be done in a manner that ensured that government maintained fiscal prudence....
13 Aug 2018

Nedgroup Investments Cash Solutions launches US dollar solution

Nedgroup Investments Cash Solutions says in a statement today that it is launching a US dollar solution.
13 Aug 2018

Investment Property vs Retirement Annuities

All South Africans worry about retiring at some stage in their lives. Where are the funds going to come from? What is the best option: property or saving money in a retirement fund.
13 Aug 2018

Emerging market storm ensnares rand

By Maarten Ackerman, Chief Economist, Citadel. Having experienced its largest one day fall in over a decade, the rand is trading at the weakest levels seen since 2008, briefly touching R15.55/$ overnight before levelling out at R14.55/$ this morning.
13 Aug 2018

GEMS pays out over R29 billion in claims during 2017

The Government Employees Medical Scheme (GEMS) paid out 91 million claims for its 1.8 million-strong membership base during 2017, amounting to a total value of more than R29.1 billion.
13 Aug 2018

Resignation of Mr Godfrey Nti as CEO of the Financial Planning Institute of SA

The Financial Planning Institute of Southern Africa (FPI) has today announced the resignation of the Chief Executive Officer, Mr. Godfrey Nti with immediate effect. “The Board is thankful for Godfrey’s years of service and contribution to the organisation,” said Mr Ntai Phoofolo, chairperson of FPI Board of Directors, in a statement. “It has been an...
13 Aug 2018

Goodbye, Shaun Abrahams: OUTA

The Organisation Undoing Tax Abuse (OUTA) has welcomed the Constitutional Court’s eviction of National Director of Public Prosecutions (NDPP) Shaun Abrahams from office. “Once again, the Constitutional Court saves South Africa,” says Ben Theron, OUTA COO. The NPA Act sets out that when the NDPP is not available, the President may appoint any deputy NDPP...

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