MoneyMarketing

Industry News

07 May 2018

FNB launches South Africa’s first biometric mini-ATM

FNB has become the first bank in South Africa to introduce a mini-ATM that uses biometrics as a means of validation for consumers.
04 May 2018

How to save for the home of your dreams

Thami Cele, Absa’s Head of Savings and Investments, talks savings strategies for home improvements, and how to reduce overall spending to create your ultimate abode.
03 May 2018

Is this the end of the eurozone recovery?

By Azad Zangana, Senior European Economist and Strategist at Schroders. The early estimate of real GDP growth for the eurozone showed a significant slowdown for the first quarter of the year. Quarterly GDP growth fell from 0.7% to 0.4% – the slowest pace of quarterly growth for six quarters. The year-on-year measure fell to 2.5%,...
03 May 2018

Attorneys warned against new wave of targeted cyber attacks

Corporate companies are by no means immune to cybercrime, with McAfee’s latest report1 indicating that it cost the global economy as much as $600 billion in 2017. According to Christopher Appanah, Claims Team Leader (PI and Liability) at SHA Specialist Underwriters, cybercrime is also evolving rapidly with attacks becoming more elaborate.
03 May 2018

Building a robust estate plan

Investment managers go to great lengths to plan ahead so that investment portfolios will withstand market volatility and unforeseen events. But how do you construct a robust estate plan that will withstand the onslaught of the many legislative changes and punitive taxes introduced in recent years?
02 May 2018

FAIS Ombud office welcomes Naresh Tulsie

The Office of the FAIS Ombud would like to welcome Mr Naresh Suresh Tulsie as the new Ombud for Financial Services Providers, it said in a statement today. Mr Tulsie assumed the role of Ombud effective 1 May 2018, taking over from the previous Ombud, Ms Noluntu Nelisa Bam, who had served as the FAIS...
02 May 2018

PSG Group's Jannie Mouton diagnosed with dementia

MoneyMarketing is extremely sad to learn that Mr Jannie Mouton of the PSG Group has been diagnosed with an early form of dementia.  Here is Mr Mouton’s letter to colleagues, shareholders and friends.
02 May 2018

The cornerstone of loss control - the undercover investigator

  Many businesses focus their loss control strategies on preventing unwanted elements from getting in from the outside. While this is certainly an important step in securing assets and minimising risk, what if the truly dangerous element has already made itself comfortable within the operations of the organisation? In financial management, internal audits play an...
02 May 2018

Momentum ventures into unsecured lending market

Momentum has made an exciting addition to its product suite and a much-anticipated entry into the unsecured lending market with the launch of Momentum Loans, offering personal loans and consolidation loans to consumers.
02 May 2018

ABSA April PMI erases losses sustained in March

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) erased the losses sustained in March and edged back above the neutral 50-point mark in April, according to the Bureau for Economic Research. The index rose by 4 points to reach 50.9 index points in April. This is more or less in line with the level recorded...

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