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Industry News

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.
05 Apr 2018

FSB officially takes up new mandate as FSCA

The Financial Services Board (FSB) has officially taken up its new mandate as the Financial Sector Conduct Authority (FSCA), effective 1 April 2018. “This marks the formal implementation of the Twin Peaks model of financial sector regulation, as envisaged in the Financial Sector Regulation Act 2017 (FSRA),” the FSCA said in a media statement today....
05 Apr 2018

S&P: China-U.S. Tariff Dispute Turns Up A Notch, Raising Credit Risks

The tit-for-tat tariff dispute between the U.S. and China is turning up a notch and could draw the countries closer to an all-out trade war. That’s according to S&P Global Ratings in a report published today. “Our base case doesn’t factor in a Sino-U.S. trade war. We therefore consider the proposed tariffs are unlikely to...
05 Apr 2018

Root launches Insurtech platform

Technology company, Root has announced the launch of Root Insurance, an exciting new platform API that enables software developers to rapidly prototype and launch digital insurance products into the SA market. Root’s API enables software developers, using only code, to easily access insurance licences and the full range of insurance and banking-related services needed to...
05 Apr 2018

You’ve been burnt by the market – now what?

By Jac de Wet, National Head of Sales, PSG Wealth What can you do about a market event, correction or shock after the fact? The best course of action, is to view it as a learning opportunity, and take action to ensure your risk profile, investment strategy and asset allocation have all been determined correctly.
04 Apr 2018

Moving your Tax-Free Savings Account

Taxpayers who have been diligently using their Tax-Free Savings Account (TFSA) allowance annually can now (since the beginning of last month),  transfer these savings from one provider to another, without it being seen as a new contribution.
04 Apr 2018

SA Households Richer in 2017: Momentum Unisa Household Net Wealth Index

Despite all the negativities surrounding them, South African households have something to cheer about – collectively they managed to end 2017 in a richer state compared to 2016. This is good news as the financial purpose of households is to build their wealth and in so doing, improve their chances of being Financially Well.
04 Apr 2018

Does investing globally still make sense?

The 2018 national budget stipulates that the foreign allocation limits for institutional investors are to be increased by 5% across all categories – life insurers, collective investment schemes, investment managers and retirement funds. A question that is becoming increasingly prevalent among South African investors, however, is whether there is still any benefit to taking money...
04 Apr 2018

Investing in the electric vehicle value chain

As vehicle manufacturers continue to face unprecedented challenges, due to disruptive technology and a higher level of environmental consciousness, the growing list of countries that have committed to going electric-only is a good indication that the demand for electric vehicles (EVs) is set to boom.

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