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Industry News

25 Jun 2018

Striking a balance to best finance your business

With several available options to finance your business, figuring out which is best for you can be both daunting and confusing. Entrepreneurs typically hate asking for finance, which often means that they’ll pick the “path of least resistance” rather than the correct option for their business. Frank Knight, CEO of Debtsource, unpacks different financing options and...
25 Jun 2018

Existing pension rules apply until new regulations are in force: PFA

Government’s recent default regulations applicable to the pension funds industry will ensure that members are better informed about their decisions at retirement, said Muvhango Lukhaimane, the Pension Funds Adjudicator.
22 Jun 2018

Final countdown to Old Mutual Limited listing on African stock exchanges

Ahead of the primary listing of Old Mutual Limited (OML) in the continent of its origin next week, Old Mutual said it was taking the final steps to ensure its successful debut as a stand-alone business on several stock exchanges in Africa on Tuesday, 26 June.
21 Jun 2018

SARB QB: Current account deficit pushed to highest level in 2 years

The SA Reserve Bank released its Quarterly Bulletin today, showing that weak exports push the current account deficit to the highest level in two years. According to Nedbank economists Dennis Dykes and Isaac Matshego: The current account deficit widened to 4,8% of GDP in the first quarter, the highest level since 5% in the first quarter...
21 Jun 2018

Reaction to NHI proposals following the Minister's comments today

By Neil Kirby, head of healthcare and life sciences law at Werksmans Attorneys   The Minister of Health has described the advent of national health insurance or NHI as the land issue in the healthcare sector.  Today, the Minister announced the introduction of two Bills to herald the introduction, into law, of the NHI. The two...
21 Jun 2018

SARB Quarterly Bulletin: Personal finances deteriorate in Q1

The SA Reserve Bank released its Quarterly Bulletin today, showing that personal finances deteriorated in Q1 2018. According to Nedbank’s Dennis Dykes and Johannes Khosa: There was almost no growth in real disposable income over the quarter, while household debt increased. The ratio of household debt to disposable income rose to 71,7% from 71,2%, and the...
21 Jun 2018

Market conditions starting to favour active managers

By Anthony Torr, Investment Strategist & Research Analyst, Stonehage Fleming Investment Management (South Africa) Active managers have historically performed better on a relative basis when intra-market correlations are lower, dispersion levels are higher, and market leadership is not excessively concentrated. The first two points are true because they increase the managers’ opportunity set to generate...
21 Jun 2018

Sasfin Wealth appoints Jonathan Sieff as Senior Portfolio Manager

Sasfin Wealth is pleased to announce the appointment of Jonathan Sieff as a Senior Portfolio Manager, based at its Cape Town offices. Sieff brings considerable experience to the role, having accumulated more than 25 years’ experience in financial services, predominantly in the wealth and asset management and private equity industries. Sieff joins from Ashburton Investments,...
20 Jun 2018

Award-winning adviser joins PSG Wealth

PSG Wealth Melrose Arch is pleased to announce that Wealth Manager Andrew Kurten has joined the office. Andrew is regarded as one of the top wealth managers in the country, with various awards and achievements behind his name. He has 15 years of experience in the banking industry and is skilled in portfolio management, financial planning, and retirement...
20 Jun 2018

Inflation declines but rand depreciation triggers rate hike warning

Statistics South Africa (StatsSA) reported on June 20ththat consumer price inflation declined from 4.5% year-on-year (y-o-y) in April to 4.4% y-o-y in May. “The latest reading is in line with economists’ expectations and is comfortably within the South African Reserve Bank (SARB) target range of 3%-6%,” say PwC economists. (The StatsSA inflation report can be...

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