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Industry News

09 Jul 2018

Employer-assisted savings can help fix SA’s dire savings rate

July is National Savings Month in South Africa. Is there more you can be doing as an employer to help your employees save towards their future financial security? South Africans remain under tight financial pressure as a result of higher prices and low salary increases. This is evident in the poor savings rate in the...
09 Jul 2018

Don’t let a careless estate plan undo a lifetime of saving

Savings Month is here and as we see every July, many South Africans are taking the opportunity to review their savings habits and behaviours. One aspect that’s often overlooked is that your hard-earned savings gains can easily be undone by failing to pay sufficient attention to estate planning. “Even if all your retirement goals fall...
09 Jul 2018

South Africans significantly underestimate cost of living in retirement

While the widening gap between expectations and the financial realities of life in retirement is an issue that faces people across the globe, the situation appears to be particularly dire for South Africans. This is according to the Schroders Global Investor Study 2018, a survey conducted by global asset management firm, Schroders, of over 22,000...
09 Jul 2018

Tax implications for trusts ‘a lot stricter’

By: Anica Ungerer, Senior Manager: Estates, Mazars.  In the past, trusts have been viewed by specifically high net worth individuals as a clever and tax efficient way of estate planning, which, until recent years, have worked out quite well for most of them. It is unfortunate that SARS have, over the last couple of years, started...
06 Jul 2018

FPI withdraws from conducting FAIS regulatory exams

Following the recent announcement by the Financial Sector Conduct Authority (FSCA) to suspend FPI’s authority to conduct FAIS regulatory examinations, the FPI Board announces today that it has temporarily withdrawn its status as an examination body for FAIS regulatory examinations. The withdrawal purely relates to the administration of FAIS regulatory examinations (RE1 and RE5). “In...
06 Jul 2018

Ugandan microinsurer reaches 1 million subscribers

aYo, a 50/50 joint venture launched in September 2016 between MMI Holdings and MTN Group, exceeded the one million clients enrolled milestone in Uganda last month. The microinsurer, which began its roll out in Uganda in January 2017 provides pre-paid MTN customers with free and paid-for life and/or hospital cover each time they load MTN...
06 Jul 2018

Looking beyond emerging market jitters to China, India 

By Craig Farley & Simon Finch, fund managers at Ashburton Investments.  Fund managers of the Chindia Equity Fund, Simon Finch and Craig Farley, look back over the last few months’ volatility within emerging markets and say why they believe China and India offer investors an attractive opportunity.    The outcome from our extensive research and...
05 Jul 2018

GTC comments on Competition Commission's findings into private healthcare costs

  The Competition Commission has released its much-anticipated findings into the reasons behind the high cost of private healthcare, which inquiry commenced in 2013. Jill Larkan, Head – Healthcare at leading wealth and financial advisory firm GTC, shares insights on some of the most prominent findings and recommendations. Medical schemes As part of its investigation,...
05 Jul 2018

Disciplined investing: five principles to follow

By Jac de Wet, PSG Wealth. Despite our best intentions, many of us focus on the wrong things when it comes to our savings and investments. We tend to focus on the factors we can’t control, typically headline-grabbing things like investment returns and the markets. We barely ever focus on the factors and variables that...
05 Jul 2018

Investing offshore is about more than the rand

At the start of March this year, the rand was trading at under R12.00 to the dollar. Cyril Ramaphosa had taken over as president, world economic growth was positive, and sentiment towards emerging markets in general was good. The local currency was benefiting from all of this, having strengthened all the way from around R14.50...

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