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Industry News

19 Apr 2018

Responsible investment: A set of principles, not a product

In an environment where listed companies are seeing massive share-price drops over claims of governance failures and health scares around the listeriosis outbreak, there is a growing awareness of a need for responsible investing – by individual and institutional investors.
19 Apr 2018

PSG Konsult announces strong annual results

PSG Konsult (KST) announced today that it delivered a solid 16% rate of growth in recurring headline earnings per share and a return on equity of 24% for the period ended 28 February 2018. This was achieved during a year of tough operating conditions, in which the country continued to be plagued by low economic...
19 Apr 2018

Optimism returning to East Africa

There is a returning sense of optimism in East Africa, and the investment community is gearing up to take part in the next chapter of the region’s blossoming.
19 Apr 2018

Fun for all at the 2018 Glacier Cradle Traverse

The 2018 Glacier Cradle Traverse took place from 6 – 8 April at Avianto Estate in Muldersdrift, Gauteng. The annual event features three-day, two-day and fun ride options and provides mountain bikers with the chance to explore some of Gauteng’s best singletracks in a relatively non-competitive atmosphere.
19 Apr 2018

Cryptocurrencies and tax - what you need to know

By Doelie Lessing, tax director at Werksmans Attorneys. The advent of cryptocurrencies, and in particular the substantial gains that are associated with investments in cryptocurrencies, caught the attention and interest of the world – and not least of all, that of the taxman.  Because where money abounds, tax is normally to be collected. 
19 Apr 2018

The magic duo in financial planning: man and machine

Technology is changing the playing fields in business – and in the financial planning environment in particular, can allow intermediaries to enhance their business operations and their client engagement. On the other hand, the human element is similarly important – for insight, holistic thinking and a trusted relationship. Optimally combining the two, in a well-considered...
19 Apr 2018

Employees' over-indebtedness and how employers can help

Debt is spending money that you have not yet earned. Examples of debt include long-term debt such as your mortgage loan – this is a form of secured debt or “good debt” because over time the asset (your house) appreciates in value and, should you default on the debt, the house can always be sold...
18 Apr 2018

FNB unveils a mobile bank account for unbanked, underbanked consumers

Today, First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone to open a bank account without ever walking into a branch. eWallet eXtra will have no monthly fees and consumers are not required to...
18 Apr 2018

Largest retirement industry conference on the continent to be held in SA in July 2018

In welcoming delegates from all over Africa to the 31st Institute of Retirement Funds Africa (IRFA) conference to be held at the Inkosi Albert Luthuli International Convention Centre, Durban from 29th-31st July, 2018. IRFA Vice-President Geraldine Fowler notes that speakers and subject matter experts will start collaborational conversations on  industry transformation, socio-economic development and societal...
18 Apr 2018

Uncertainty about investor protection affects Foreign Direct Investment into SA

South Africa’s government is juggling a lot of balls as it tries to find solutions to speed up land reform, while at the same time searching for a considered approach to assure local and international investors that their investment rights are protected.  A Joint Constitutional Review Committee has been mandated to review the merits of...

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