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Industry News

09 Apr 2018

Take financial responsibility for maintenance payments to avoid being blacklisted

According to new regulations under the Maintenance Act, maintenance defaulters can be blacklisted and blocked from getting credit.
09 Apr 2018

Sasfin launches B\\YOND - the digital banking future for business

Sasfin recently launched B\\YOND, a digital banking platform built to enable entrepreneurs to grow their businesses. Having financed and supported small business for 50 years, Sasfin understands the pain-points and pressures that small business faces in South Africa. Failed small businesses so often tend to either neglect or become completely consumed by their finances and...
09 Apr 2018

Sanlam Private Wealth funds scoop top accolades in London

Two of Sanlam Private Wealth’s international funds have walked off with prestigious industry awards in London over the past few weeks. The Sanlam Strategic Bond Fund scooped two Thomson Reuters Lipper Fund awards, while the Sanlam Global High Quality Fund scored a hat-trick, with accolades at this year’s Investors Choice Awards, City of London Wealth...
06 Apr 2018

What’s the Difference: Life Rights vs Sectional Title?

The term “Life Rights” may seem unfamiliar to those outside of the retirement community. Far from climbing the property ladder, it could be considered the equivalent of finding a steady balance on the top rung.
06 Apr 2018

Institute of Retirement Funds Africa introduces 2018 Board of Directors

President Wayne Hiller van Rensburg welcomed standing and new members of the Institute of Retirement Funds Association (IRFA) Board of Directors at an induction and planning session earlier this year. Wayne notes that “the level of expertise, willingness, passion and commitment to the retirement industry and society reflected in our Board line-up is both humbling...
06 Apr 2018

What SARS thinks about cryptocurrencies

The South African Revenue Service (SARS) will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of their taxable income. SARS says the onus is on taxpayers to declare all cryptocurrency-related taxable income in the tax year in which it is received...
06 Apr 2018

US Doubles Down In China Tariff Dispute, Worsening Credit Conditions

The U.S. announcement that it may impose tariffs on another $100 billion of unspecified Chinese imports further raises the stakes in the China-U.S. trade dispute. This action draws the countries even nearer to an all-out trade war, according to S&P Global Ratings. “We still hold the view that the potential near-term effects on corporate credit...
06 Apr 2018

Minister Nene launches two authorities that make up Twin Peaks system

This week, the Minister of Finance, Mr Nhlanhla Nene, launched the two authorities that make up South Africa’s new Twin Peaks system of financial regulation. The launches represent the culmination of a journey of regulatory reform announced in the 2011 policy document, A safer financial sector to serve South Africa better. Two closed functions for...
06 Apr 2018

Minister Motsoaledi endorses medical schemes regulator’s new plan for the NHI

Statement issued by the Council for Medical Schemes (CMS). It is all systems go for the Council for Medical Schemes (CMS) following the Minister of Health, Dr Aaron Motsoaledi’s endorsement of the regulator’s new plan for operation in the National Health Insurance (NHI) environment. Addressing the CMS staff, Minister Motsoaledi applauded the regulator for the proactive...
05 Apr 2018

Climate change: One of the greatest threats to public health in the 21st century

According to the World Health Organisation (WHO), between 2030 and 2050, global climate change will result in 250 000 additional deaths per year from diseases like malnutrition, malaria, diarrhoea and heat stroke, placing increased stress on health resources and public health systems.

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