MoneyMarketing

Industry News

19 Mar 2018

Could Steinhoff be in for a class action lawsuit?

The abrupt and devastating wipe-out of 80% market value in the multi-national retailer, Steinhoff, has without any doubt brought about more questions than answers in the area of corporate law.
19 Mar 2018

Insurance innovations protect the poor this Easter

Road accidents are set to rise again this Easter and the poor will be hit the hardest.
19 Mar 2018

Credit Suisse Publishes Eighth Annual Emerging Consumer Survey

The Credit Suisse Research Institute (CSRI) Emerging Consumer Survey provides a granular analysis of the profile, mood and behaviour of consumers across eight major emerging economies – Brazil, China, India, Indonesia, Mexico, Russia, South Africa and Turkey. Through nearly 14,000 face-to-face interviews it explores key growth opportunities presented by the new consumer cultures that are...
19 Mar 2018

FNB’s parent company FirstRand awarded short-term insurance licence

FNB’s parent company FirstRand has been awarded a short-term insurance licence by the Financial Services Board (FSB), three years after acquiring its long-term insurance licence. The licence will enable FNB to become a complete insurer, with the ability to underwrite short and long-term insurance to businesses and retail customers. Jacques Celliers, FNB CEO says, “As a...
17 Mar 2018

VAT rate increase and the impact on the short-term insurance industry

By Yusuf Bodiat, Lion of Africa Insurance. Value-added tax (VAT) was introduced in South Africa in September 1991 to replace General Sales Tax (GST) as an indirect tax. VAT was imposed at a statutory rate of 10%, and then increased to 14% in 1993. Since then, the rate of the tax charge has not changed, until...
15 Mar 2018

From the outside, looking in: A global investment perspective on SA investors’ state of affairs

South Africa has seen a flurry of political change in recent weeks, resulting in an air of investor optimism and strengthening of the rand, proving that markets don’t wait for change to happen on the ground; they react to changes in direction and outlook. Given this “new dawn”, how should local investors be shifting their...
15 Mar 2018

Old Mutual releases annual results

Old Mutual Emerging Markets (OMEM) today announced pre-tax Adjusted Operating Profit (AOP) of R13.3 billion for the year ended 31 December 2017, despite the tough operating environment.  This result signifies a 5% increase on the prior year profits and reflects the exceptional growth in Old Mutual Insure (previously Mutual & Federal) and the Rest of...
15 Mar 2018

Improved economic outlook outweighs increase in tax

By Ferdi Booysen, Head of Strategic Relationships at Old Mutual Wealth. The aim of the 2018 Budget was to create stability and generate economic growth. Should it succeed in this – and it looks like it may, particularly following the increased 2017 GDP figures released this week – the resultant gains should far outweigh the...
15 Mar 2018

How to deal with an overspending spouse

How to deal with an overspending spouse Most married couples take a “divide and conquer” approach to household tasks and chores. One spouse might handle weekly shopping, the other the garbage and recycling, one might drive the kids to school while the other handles pickup and extracurricular activities.
15 Mar 2018

England’s ‘Northern Powerhouse’ cities shine in latest Global Real Estate Report

Although London holds firm as a sure bet for property investors with rental growth in Greater London expected to increase by a further 16.4 % over the next three years, England’s resilient North has emerged as a strong contender in the property market. The property boom in the North has, in part, been bolstered by...

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