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Industry News

20 Jun 2018

Standard Bank and Merchant Capital provide SME lending solution

Standard Bank has joined forces with Merchant Capital to provide an innovative working capital solution for small and medium-sized enterprises (SMEs) by enabling them to access upfront cash advances which are repaid via their incoming point-of-sale receipts. The new financing solution will be called Merchant Capital Advance in collaboration with Standard Bank, and is targeted...
20 Jun 2018

Mid-year review: Outlook good for US

HSBC Global Asset Management recently published its mid-year review in which it notes that after near universal growth throughout 2017, divergence has returned.  While the outlook for the US is good, HSBC is less positive about Europe and Japan.  In its opinion, emerging markets – especially  those in Asia – look to remain strong. “We...
20 Jun 2018

What gap cover doesn’t cover

With many hospitals and specialists charging multiple times the stipulated medical aid rates, gap cover has emerged as a way to protect consumers against significant medical expense shortfalls, with reasonable premiums of up to a few hundred rand per month for the more comprehensive offerings.
20 Jun 2018

The four best investment lessons we learn from volatility

Volatility is a given in the investment world, and in the past year investors have been exposed to several events that sparked short-term volatility. There were irregularities around corporate finances, sovereign events like the ANC elective conference, and concerns around rising inflation in the United States, which led to a sharp decline in US markets...
19 Jun 2018

Take adequate steps to protect property during load shedding

Short-term insurer Santam, says South Africans need to mitigate the damages caused by load shedding by being prepared prior to power going off. Eskom has announced that rotational load shedding will be on-going for the next ten days due to the power grid needing to stabilise following strike action. In light of this, Santam has identified...
19 Jun 2018

SA becoming 'an ever more litigious country'

South Africa is aligning itself with the rest of the international community’s legal inclination and becoming an ever more litigious country. With attorneys doing work on a contingency, or a “no win, no fee” basis, it is becoming easier and easier to sue and hold a wrongdoer liable.
19 Jun 2018

 Rand plunges deeper towards the down case: economist

The rand has plunged deeper towards the down case as risk-off elevates on the increased threat of trade wars, and advancing global monetary normalisation, in a disappointing SA environment.  This is according to Investec economist, Annabel Bishop.
19 Jun 2018

Risk cover doesn’t have to break the bank

There’s no disputing that good health and the ability to earn an income are two of your most valuable assets. Without the two, we cannot acquire the tangible assets we hope to, like cars, houses and future wealth. This is why it’s important to financially protect your health and income. The peace of mind that...
19 Jun 2018

Pax Africana: How (South) Africa can forge its own economic destiny

By Rahima Cassim, fund manager at Ashburton Investments South Africa is a country of tremendous promise. It’s a dynamic land with the potential for integrated prosperity. Sadly, in the recent past, the forces created by this dynamism have failed to live up to the country’s potential. Rather than focusing inwards, many now believe South Africa’s secret to...
19 Jun 2018

Building confidence drops to below 30 in Q2

The FNB/BER Building Confidence Index lost 14 points to register a level of 29 in 2Q2018. This is the lowest since 2Q2012. The current level of the index indicates that the majority (more than 70 per cent) of respondents are dissatisfied with prevailing business conditions. The confidence of main building contractors fell marginally by 4...

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