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Industry News

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...
19 Jun 2018

What do these 'secret millionaires' have in common?

A recent New York Times article took many investors by surprise: A frugal legal secretary, who worked at the same firm for 67 years until she retired at the age of 96, was a “closet millionaire” who amassed a fortune of more than US$9 million. Reports claim that Sylvia Bloom joins a host of others who...
19 Jun 2018

Cyber and digital skills top growth threats to private business

Growth confidence is high amongst private business owners, for the 12-month and 36-month outlook, but technology and digital skill threats loom large on the horizon. This is according to research among 722 private business owners as part of PwC’s 21st Annual Global CEO survey.
18 Jun 2018

Tackling illicit financial flows could be the answer to SA’s tax revenue woes

South Africa finds itself severely cash-strapped in terms of State revenue needed to meet the expenditure laid out in the National Budget.  At least R50 billion is needed this financial year to allow the country to cover the expected costs of running State projects – and more funds would make a dent in the numerous...
18 Jun 2018

How long does a home loan approval process take?

First time home buyers and owners who are eager to sell often wait in anticipation to get feedback from the bank on the status of a home loan application. Stanley Mabulu, Channel Management Head at FNB Home Loans says the amount of time it takes for a home loan application to be approved often depends...
18 Jun 2018

'Security of customer info Liberty’s top priority'

Liberty regrets to confirm that it has been subject to illegal and unauthorized access to its IT infrastructure. The company says in a statement that ‘an external party has taken data from us and demanded payment.’ The company adds that it was alerted of the intrusion into its network late on Thursday evening. “Liberty specialist...
15 Jun 2018

Fitch Ratings affirms SA's long-term foreign-currency IDR at 'BB+' with stable outlook

Fitch Ratings today affirmed South Africa’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook. The National Treasury said in a statement that it noted Fitch’s announcement. According to Fitch, “the affirmation and stable outlook takes into consideration signs of recovering governance standards and the prospect of a mild cyclical recovery but...
15 Jun 2018

Calls for more active governance practices at the Nedgroup conference

Recent high-profile and devastating governance controversies in the country make it clear that companies and their investors, need to pay more attention to ensuring the practical execution of the behaviours that are written into the code of ethics and governance policies, especially when it comes to day-to-day operations of the board and governing committees.

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