MoneyMarketing

Industry News

06 Mar 2018

NERSA allowed R85bn a year in Eskom runaway costs – OUTA

Non-profit civil action organisation, OUTA, says that the conduct of the National Energy Regulator for South Africa (NERSA) over the past decade, more specifically its inability to hold Eskom to account over runaway costs on both capital projects and operational expenditure, has lumped South Africans with an unnecessary burden of R85bn per annum for the...
06 Mar 2018

Making each stock count – Q&A with Patrice Rassou

Patrice Rassou, head of Equities at SIM, was one of the panel speakers at the Glacier Investment Summit in Clarens on 28 February. Patrice is also the portfolio manager of the SIM Top Choice Equity Fund.  In this Q&A he discusses the traits of this high-conviction fund. He answers some of the questions delegates had...
06 Mar 2018

Futuregrowth’s Community Property Fund invests for value in Heidelberg Mall 

In December 2017, Futuregrowth’s Community Property Fund acquired its 19th retail property with the purchase of the Heidelberg Mall south east of Johannesburg.
06 Mar 2018

2017 GDP surprises to the upside

By Jason Muscat, FNB Senior Economic Analyst 2017 GDP surprised to the upside, beating even our bullish expectations and printing at 1.3% y/y. The 2016 GDP figure was also upwardly revised from 0.3% y/y to 0.6%. Growth for the fourth quarter came in at 3.1% q/q and 1.5% y/y. More than half of the growth...
06 Mar 2018

Prudential Authority to take effect on 1 April: SARB

The Prudential Authority (PA), one of the two pillars of the new architecture for the regulation of the financial sector, will take effect on 1 April 2018, the SA Reserve Bank (SARB) says. The PA will be a juristic person operating within the administration of the South African Reserve Bank (SARB). It will consist of...
06 Mar 2018

Business Continuity: Managing Disaster and Disruption

Preparedness is crucial to mitigating the risks companies face before, during and after extreme weather events such as hurricanes Harvey, Irma and Maria – or indeed any other type of disaster. Having a plan to stabilize critical business functions and production, recover losses and continue the revenue stream is key – and it should be...
06 Mar 2018

Resolution Health’s solvency strengthened as membership grows

Building on the gains of recent years Resolution Health Medical Scheme is poised to enter a new phase of growth and security, having attracted hundreds of new members since November last year in a largely stagnant medical schemes market. All of this was achieved while steadily growing scheme reserves. “With prudent management and a diversified...
06 Mar 2018

How to get on top of dubious debit orders

As March is Consumer Awareness Month it’s a great time to turn information into knowledge. Start by checking your bank statement and make sure that you understand all the transactions. Make sure you authorised all the debit transactions that reflect as minus numbers.
06 Mar 2018

FirstRand: Interim dividend per ordinary share up 9%

FirstRand Limited (FirstRand) today reported results for the six months to December 2017. Key financial highlights: Normalised earnings grew 7% Dividend per ordinary share up 9% Normalised return on equity (ROE) of 5% Normalised net asset per share (NAV) up 9%
05 Mar 2018

Carrick Wealth Management continues its African expansion programme

Carrick Wealth has opened for business in Malawi. This brings to five the number of countries in which it operates, including Botswana, South Africa, Zimbabwe, and Mauritius.

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