MoneyMarketing

Industry News

13 Mar 2018

US insurer sues Old Mutual

Old Mutual plc has noted that The Travelers Companies, Inc. and St. Paul Fire and Marine Insurance Company have lodged a claim in the United States District Court for the Southern District of New York in relation to pre-existing plc Head Office legacy items relating to previously disposed of US assets. “We believe that this...
13 Mar 2018

Investing is the new fountain of youth

Investing when you’re young sounds like an expensive and daunting task, especially when you have just started your first job but the best time to start is with your first pay cheque.
13 Mar 2018

SAVCA Launches Industry Awards

Recognising the role of private equity and venture capital through the achievements of portfolio companies Nominations now open; closing on 15 April 2018
13 Mar 2018

Raising Money-Smart Children is Every Parent’s Responsibility

Global Money Week takes place from 12 – 18 March 2018 #MoneyMattersMatter to drive conversations about financial literacy for young people South African parents encouraged to take action to raise money-smart children
12 Mar 2018

Moody's: Cape Town's water crisis to have direct impact on city's budget and economy in 2018 and beyond

The unprecedented water supply crisis in Cape Town will have a direct impact on the city’s operating and capital budgets in the 2018 fiscal year, as well as causing economic challenges whose severity will depend on how long the situation lasts, Moody’s Investors Service said in a report today.
12 Mar 2018

Increased electric storms cause havoc for insurers

South Africa’s Highveld and Kwa-Zulu Natal regions have experienced intense electric storms of late as a result of climate change. South Africans should mitigate against the consequences of electric storm, by protecting their homes from lightning surge damage.
12 Mar 2018

Early round IPP projects remain attractive funding opportunities 

By Corneleo Keevy, head of credit risk management at Ashburton Investments  The recent appointment by President Ramaphosa of Jeff Radebe as Energy Minister provided some promise that the uncertainty surrounding the Renewable Energy Independent Power Producers Programme (REIPPP) would be resolved.
12 Mar 2018

'We need to simplify, privatise and let the invisible hand do its work'

In South Africa, service delivery in the private sector is deemed efficient, in that local businesses generally do deliver goods and services to their valued customers because they have reputations to protect. These reputations are the source of highly valuable repeat business and are subject to competition for the budgets of households.
12 Mar 2018

VBS Mutual Bank placed under curatorship

Yesterday morning, City Press revealed that VBS Mutual Bank faced the possibility of a spectacular crash, following Treasury’s instruction to municipalities to stop investing with the institution. “The order was given early last year and states that the Municipal Finance Management Act forbids municipalities from investing in mutual banks. As a result, a number of councils...
09 Mar 2018

SA’s major banks post solid financial results amid economic uncertainty

SA’s major banks produced a solid set of financial results for the reporting period ended 31 December 2017, despite an operating environment marked by intense levels of policy and economic uncertainty.

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