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Industry News

29 May 2018

Understanding the essential terms: co-payments, sub-limits, and non-DSPs

By Tony Singleton, CEO at Turnberry While it’s easy for some of these technical terms to wash over us, understanding the structure of your Medical Aid and Gap Cover is a critical aspect of managing your family’s medical and financial affairs. Some of the least-understood, but most important terms, are co-payments, sub-limits and non-DSP Hospital...
29 May 2018

How to have no regrets as an investor

If investors want to avoid too many regrets then, rather than looking at the world in terms of black and white or right and wrong, they need to start thinking in terms of probabilities. By Andrew Williams, Investment Specialist, Equity Value at Schroders. ‘No regrets’ – with its soundtrack provided by the likes of The...
29 May 2018

FNB Life identifies over R160m in unclaimed policies

In a bid to tackle the ongoing issue concerning unclaimed insurance benefits, FNB Life has embarked on an initiative to proactively identify customers who have not submitted claims in the past. FNB Life has identified over R160 million worth of unclaimed policies in its books and has made a commitment to track down nominated beneficiaries,...
29 May 2018

SA companies need to up the pace on data analytics

Analysing data and providing actionable insights from it has become a common phenomenon. Data and analytics, once buzzwords, are now part of mainstream business jargon. The new conundrum with data is knowing what questions to ask to drive business. Without this, analysing data becomes a near impossible exercise. Dr Yudhvir Seetharam, Head of Analytics at...
28 May 2018

Prescient's Interest-Bearing Investment Team Welcomes a New Portfolio Manager

Prescient Investment Management has announced the appointment of Henk Kotze as portfolio manager in the interest-bearing team. Henk joins Prescient from Green Oak Capital, where he has been employed for the past 10 years, most recently as one of three lead portfolio managers on fixed income funds. Henk, a specialist in fixed income markets, has...
28 May 2018

Financial literacy is the key to financial inclusion

Regardless of economic circumstances, geographical location or level of formal education, everyone deserves equal access to financial products and services that can improve their current financial knowledge, daily habits and future opportunities. Financial literacy is key for this level of inclusivity to be realised.
28 May 2018

Building a resilient retirement portfolio

By Shreekanth Sing, Technical Legal Adviser, PSG Wealth. Saving for retirement is probably the biggest, most challenging investment goal most people will face. Given that your retirement portfolio needs to sustain you in retirement for 30 years or more, the stakes are high. So, what should you bear in mind when building a robust retirement...
28 May 2018

'S&P decision broadly expected'

It is Moody’s Rating Agency’s next assessment of South Africa – not Standard & Poor’s -that holds the key to the country’s continued avoidance of universal junk status.  This is according to NWU School of Business Economist, Professor Raymond Parsons. ‘The decision by ratings agency Standard and Poor Global Ratings on Friday to leave South...
26 May 2018

Government responds to rating action of S&P 

The South African government says it notes S&P’s decision to affirm South Africa’s long term foreign and local currency debt ratings at ‘BB’ and ‘BB+’ respectively, and to maintain the stable outlook. According to S&P, the rating affirmation is underpinned by the following drivers: “Despite upward revisions, South Africa’s economic growth remains tentative, and the...
26 May 2018

SA foreign & local currency ratings affirmed at 'BB' and 'BB+', outlook stable

Last night S&P Global Ratings affirmed its ‘BB/B’ long- and short-term foreign currency sovereign credit ratings and its ‘BB+/B’ long- and short-term local currency sovereign credit ratings on South Africa. The outlook is stable. The Transfer and Convertibility (T&C) assessment is ‘BBB-‘. S&P also affirmed the ‘zaAA+/zaA-1+’ long- and short-term South Africa national scale ratings.  ...

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