MoneyMarketing

Industry News

20 Jul 2018

Ecsponent secures US$5 million in international funding from Norsad Finance

JSE-listed Ecsponent Limited today announced that it has secured an international funding facility for US$5 million (R67- million) from Norsad Finance Limited at market-related terms. Ecsponent’s Investment Services business unit has raised R1.47 billion through its listed preference share programme between September 2014 and 31 March 2018. This capitalhas been deployed successfully and contributed to...
19 Jul 2018

MPC's reduced growth forecast sends 'troubling' message

By NWU Business School Economist, Professor Raymond Parsons. The widely-expected and right decision today by the Monetary Policy Committee (MPC) of the SA Reserve Bank to leave interest rates unchanged will be welcomed by business and consumers. Interest rates should be kept stable in South Africa for as long as possible, given the weak economy....
19 Jul 2018

Rand facing headwinds as rates kept on hold

By Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions. Following the announcement by the MPC to keep interest rates unchanged, the rand has shown little reaction, however there are a few key elements that can see the rand come under pressure as the market digests the comments by the Governor. A downward adjustment in...
19 Jul 2018

SARB vigilance supports consumers, says FNB

Following the South African Reserve Bank’s decision to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10% and will review its position following the next SARB MPC meeting in September. Says FNB CEO Jacques Celliers: “The present stance of rate stability and wariness towards global risks is a...
19 Jul 2018

Innovative support service to reignite ‘human touch’ in client and broker interactions

The short-term insurance market is abuzz following the launch of Acuideas, an innovative provider of services to independent insurance brokers, product providers and underwriting management agencies with a short-term insurance focus. The official launch activities, which include countrywide broker roadshows, coincide with the 2018 Financial Intermediaries Association (FIA) Awards, an event that celebrates the value...
19 Jul 2018

Aon study reveals ‘true potential’ of blockchain for insurance industry

Aon plc. (NYSE: AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, today announces the launch of the first article in its 2018 Global Insurance Market Opportunities series. The article, Blockchain: Mechanics and Magic, written by risk academic and former Chief Executive Officer of Aon Benfield Analytics,...
19 Jul 2018

Value-added benefits and services help employees save more

Turbulent and tough economic conditions mean day-to-day expenses are competing even more aggressively with future savings. However, the right umbrella fund offers value-added benefits and services that help ‘stretch’ employees’ rands and create capacity for them to save more, according to Katherine Barker, Head of Momentum FundsAtWork.
19 Jul 2018

Choosing the right shares is crucial in today’s low-return environment

Many investors may be experiencing a prolonged absence of inflation-beating investing returns. This concern is well founded, given the median three-year returns generated by the following major fund categories: SA Equity General:                         3.2% SA Multi Asset Flexible:                 3.8% SA Multi Asset High Equity:         ...
18 Jul 2018

Money lessons we should be teaching our kids

  By Thami Cele, Head of Savings & Investments, Absa. We have unique relationships with each of our family members, friends and colleagues – but we all also have our own special relationship with money. Just take a moment to think of how you interact with yours (on the increasingly rare occasions that you happen...
18 Jul 2018

The good and bad of proposed tax amendments for cryptocurrencies

  By Tertius Troost, Senior Tax Consultant at Mazars

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