MoneyMarketing

Industry News

28 Feb 2018

Uncertainty for banks, property legislation in face of expropriation without compensation

By Bulelwa Mabasa, Director and land claims specialist at Werksmans Attorneys. The question of what will happen to banks’ debt is a difficult one and is not clear at this early stage of the process. 
28 Feb 2018

The balanced solution that’s far from passive

By Kingsley Williams, CIO of Satrix. As investors, we’re all looking for the same thing: a certain outcome and a smooth ride to that destination. On top of that, we also want maximum returns with minimum risk. Sounds impossible? Over the short-term perhaps. But over the medium to long term it’s not that far-fetched. The...
28 Feb 2018

Fundisa closes to new investors

The Fundisa education unit trust fund has been closed with immediate effect to new investors by the Association for Savings and Investment South Africa (ASISA) in consultation with the founding partners. Trevor Chandler, Consulting Senior Policy Adviser at ASISA, says following the confirmation as part of the National Budget that Government will phase in free...
28 Feb 2018

South African take-home pay and private pensions indices up slightly in January

BankservAfrica’s January Take-home Pay and Private Pensions indices shows a better start to 2018 with growth experienced in both nominal and real terms.
28 Feb 2018

Awareness around retirement fund cost structures alarmingly low

When it comes to daily costs such as food, petrol, school fees and data bundles, most people are able to recall exactly, often to the cent, how much each item costs them. However, when it comes to understanding the costs that they are paying for their retirement fund, South African employers and members alike seem to...
28 Feb 2018

Why you shouldn’t pay your child for chores

Establishing a connection in your child’s mind between getting money and doing chores is a risky one. But why exactly is giving your children money for chores likely to do them more harm than good?
28 Feb 2018

How to deal with employee fraud

Employee fraud has risen sharply in recent years, and statistics show that instances of theft by employees are becoming increasingly severe. This according to Anton Meyer, Executive Head: Financial Lines at SHA, who explains that employee fraud impacts a significant number of South African companies, and has the potential to result in significant losses, driving...
27 Feb 2018

Should Treasury have implemented more provisions to boost SA’s economic growth?

South Africans are the worst savers globally, an enduring fact that has just been confirmed by the latest figures from the Investec GIBS Savings Index, which measures the country’s savings rate and savings behaviour. Clocking in at a 27-year low, the lack of household savings has a direct impact on small and medium-sized businesses (SMMEs)...
27 Feb 2018

Reported economic crime in South Africa hits record levels

Reported economic crime in South Africa hits record levels; cost and accountability concerns rising 77% of SA organisations have experienced economic crime; Fraud committed by consumers ranks as the second most reported crime in SA; CEO and board increasingly being held accountable for economic crime; Only 37% of respondents have conducted an anti-bribery/anti-corruption risk assessment;...
27 Feb 2018

'Cabinet reshuffle positive for the economy'

Despite the inevitable political compromises, on balance the reshuffling of the cabinet is a positive step for the economy.  This is according to NWU School of Business and Governance economist, Professor Raymond Parsons. ”Although the changes to the Cabinet are inevitably the outcome of political compromise, the latest reshuffle of the Cabinet by President Cyril...

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