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Industry News

16 May 2022

Absa CIB expects SARB to hike repo rate by 25bps on Thursday

Absa CIB expects the South African Reserve Bank to increase the repo rate by 25bps to 4.50% this week.
16 May 2022

REITs poised to bounce back as pandemic eases

Marc Edelberg, Partner at Mazars Cape Town, explains how remote working and the rise of e-tailing have catalysed an interesting shift in the future trajectory of REITs both locally and globally.
13 May 2022

Beware the ides of SARS: Telephonic audits on the rise

Questions posed by SARS may come across as harmless to the unwary taxpayer, however, telephonic engagement, without the correct advisory being followed, may ultimately result in detrimental tax consequence
13 May 2022

Consumer spending trends since the onset of Covid-19

Covid-19 induced lockdowns and disruptions in various forms resulted in extremely volatile spending behaviour from consumers. Although the reality of job losses and economic pressure on consumers was anticipated, Absa CIB struggled to see the evidence of this in their merchant spending and card issuing data.
12 May 2022

How event organisers can prepare for potential cancellations and protect themselves against unforeseen risks

Bertus Visser, CEO of PSG Insure Distribution expands on some of the ways in which event organisers can prepare for potential cancellations and protect themselves against unforeseen risks.
12 May 2022

10X acquires CoreShares

10X Investments has agreed to a 100% cash purchase of CoreShares.
10 May 2022

Executive pay disclosure: A governance imperative

The issue of executive pay is highly complex, and quoting the data disclosed in the annual report without the necessary context can be misused by various stakeholders to further their own interests.
10 May 2022

Capitec partners with nCino to build the bank’s business banking loan management system

nCino is assisting with building the bank’s Business Banking loan management system, optimising its simplicity and efficiency in line with Capitec’s mission to help clients bank better to live better.
10 May 2022

BlackRock's Weekly Market Commentary: A rebalancing act to reduce risk

BlackRock slightly reduces risk on a worsening macro outlook. They have upgraded European government bonds and investment grade credit, and downgraded Chinese assets.
10 May 2022

Tax non-residency letter – What to do when SARS rejects your application?

A rejection is usually based on a lack of documents and information presented to SARS in support of the application, or if one has not formally ceased their tax residency yet.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za