MoneyMarketing

Industry News

16 May 2018

What should trustees look for when choosing a retirement solution?

As the obligations for trustees to select the most appropriate retirement solution for their members grows more onerous, it is crucial to weigh up the long-term impact for total fees along with other important features to assess a good retirement solution.
16 May 2018

Are you playing it too safe to reach your retirement goals?

A report released this month in the US revealed that investors are playing it too safe to achieve their retirement savings goals. The report interviewed more than 1000 investors between the ages of 50 to 75, and found that of those surveyed, 80% prioritised discussing risk tolerance.
15 May 2018

Discovery launches Business Insurance

Discovery today announced the launch of Discovery Business Insurance – a new type of shared value insurance focused on building better and “healthier” businesses. Businesses today face a range of constantly evolving, complex and often intangible risks, driven by the pace of technological change. Businesses continue to face physical risks such as property damage, but...
15 May 2018

1Q18 Quarterly Labour Force Survey (QLFS) - Unemployment rate holds steady  

By Jason Muscat, FNB Senior Economic Analyst. South Africa’s unemployment rate in 1Q18 was unchanged from 4Q17 at 26.7%. Of the 307,000 new entrants to the labour force, 206,000 were absorbed and the labour force participation rate edged higher to 59.3% from 58.8% in 4Q17. The number of employed people increased 1.3% q/q and 1%...
15 May 2018

Ombud for Long Term Insurance recovers more than R190m for complainants

In a challenging year the Ombudsman for Long-term Insurance (OLTI) maintained a steady pace and collected R193.3m for complainants amid the strain of staff losses but never wavering from performance standards.
15 May 2018

Allianz Group has good start into 2018

Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 (first quarter of 2017: 36.2) billion euros. Operating profit decreased 6.0...
15 May 2018

Introducing Vitality Move

It is estimated that nearly half (48.7%) of South Africans with hypertension have never been screened and therefore remain undiagnosed and unaware of their increased risk for heart disease and strokes. Similarly, estimates indicate that around 1.58 million South Africans have undiagnosed diabetes that, if left untreated, can lead to nerve and kidney damage as...
15 May 2018

Quarter of all companies expect cybercrime disruption

The rapid digitalisation of the world’s economy brings with it the potential for economic crime to cripple businesses in highly disruptive and devastating ways. A recent 2018 PwC Global Economic Crime and Fraud Survey found that a quarter of South African businesses believe that cybercrime will be the most disruptive economic crime to affect their...
14 May 2018

The three phases of saving for retirement

By Shaun Ruiters, Executive of Business Development at PPS Investments. Life expectancy within the global context has been increasing rapidly, which enhances the growing risk of outliving your retirement savings. According to the World Economic Forum, individuals born in 2017 are expected to live to the year 2117. The obvious consequence of this is that...
14 May 2018

Old Mutual Investment Group clinches Top 500 Awards

Old Mutual Investment Group has been named as Best Managed Company in the Financial Services Sector, as well as winning the headline award for Best Managed Company of the Year at the Top 500 Awards 2018.

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