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Industry News

10 May 2018

Umbrella funds can help attract millennial talent – Allan Gray

Millennials are redefining the working environment, placing a bigger emphasis on tech and innovation, flexibility and rewards that aren’t only about remuneration. Experts predict that by 2020, millennials will make up 35% of the global workforce. It makes sense then that business owners consider how their employee benefits need to change in order to attract...
10 May 2018

'Long Live the Broker!'

In this age of digital convenience and disruption, some things will always hold true – such as the immense value that insurance brokers offer customers through providing great advice and personal service.
10 May 2018

It’s never too late to financially plan for your bundle of joy

By Viwe Diyasi, certified financial planner and general manager at Absa. Whether you’ve just found out you’re expecting a bundle of joy, or whether you are already starting to show, it’s never too late to financially plan for your bundle of joy. In fact, this is true whether you are married, single or divorced when you...
10 May 2018

Call for VAT submissions

On 25 April 2018, the Minister of Finance published the Terms of Reference for the Independent Panel of Experts to review the current list of zero-rated items, and consider the most effective way to mitigate the impact of the increase in the VAT rate on poor and low-income households. This is according to a statement...
10 May 2018

How SA’s compliance industry has evolved in 15 years

As independent compliance services provider Compli-Serve celebrates its 15th year of operation, managing director and industry veteran Richard Rattue reflects on the most significant changes affecting the industry in this time.
09 May 2018

What to consider when building a model portfolio

Financial planners with a FAIS (Financial Advisory and Intermediary Services) Category 1 licence have a duty to recommend suitable investment options to each investor on their books.
09 May 2018

Busy year for Banking Ombudsman

The Ombudsman for Banking Services (OBS) has today released its Annual Report on operations for 2017. Key highlights for the year are that 7056 formal cases that were opened, showed an unprecedented 35% increase from the previous year. “This is an indication of a growing need for the ombudsman’s services in the sector, and  a...
09 May 2018

Rethinking commercial insurance for 10 years

Niche commercial insurer Western National is celebrating 10th years of providing total insurance solutions to the commercial and business market in both South Africa and Namibia.
09 May 2018

Growthpoint Investec African Properties commences operations

Growthpoint Properties and Investec Asset Management, in partnership with the International Finance Corporation (IFC), have announced the commencement of operations of their pan-African real estate investment business, Growthpoint Investec African Properties (GIAP), which is managed by Growthpoint Investec African Property Management. GIAP has secured capital commitments in excess of US$212 million from several large institutional...
09 May 2018

Questions to ask about an overdraft facility

If you are considering applying for an overdraft, but aren’t really sure how it works, there are important questions you should ask your bank, to ensure you are making the right decision. Ryan Prozesky, FNB Consumer Core Banking CEO, says an overdraft is an important credit facility to help you manage your personal cash flow...

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