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16 Feb 2018

Treasury's options for recovery are running out

Treasury will need to think outside the box this year if it is to make any meaningful difference to its current revenue shortfall, estimated to stand at around R50.8 billion. This is according to David French, Tax Consulting Director at Mazars, who says that, ahead of the 2018 Budget Speech, Treasury’s options to raise revenue...
15 Feb 2018

Ashburton Investments to launch first World Government Bond ETF on JSE

Ashburton Investments, the asset management arm of the FirstRand group, announced today that it will list the Ashburton World Government Bond ETF on the JSE on 13 March 2018 in a boon for South African investors looking to diversify their portfolio holdings. 
15 Feb 2018

Economists' wish list for tomorrow's SONA

  President Cyril Ramaphosa will deliver his maiden State of the Nation Address (SONA) on 16 February 2018. The annual speech kicks off the Parliamentary year and focuses on the country’s current political and economic situation. Regarding the latter, South Africa experienced deteriorating economic conditions during 2014-2017, and there is great hope for an improvement...
15 Feb 2018

S&P Statement - SA Ratings And Outlook Not Immediately Affected By Political Transition

On Feb.14, 2018, South Africa’s president, Jacob Zuma, resigned, and today Deputy President Cyril Ramaphosa was formally sworn in as president. This follows the African National Congress’ (ANC’s) elective conference in December 2017, in which Mr. Ramaphosa was chosen as the new ANC party leader. In our last report, “South Africa Ratings Lowered On Weakening...
15 Feb 2018

Zuma resignation brings hope: Nedbank

A defiant President Jacob Zuma finally resigned late last night after more than a month of behind the scenes moves to effect political change. His announcement came after the NEC formally recalled him on Tuesday and just hours before a motion of no confidence was due to be held in the National Assembly. “The eleventh‐hour...
15 Feb 2018

SA after Zuma:ANC must step up

One sorry chapter in the recent history of South African politics has thankfully come to an end with the resignation on Wednesday night, February 14, of President Jacob Zuma, says Gary van Staden, analyst at NKC African Economics. “While the bane of the countless talking heads will continue to pollute the political environment for some time,...
15 Feb 2018

Investors take 'wait and see approach' in interest bearing portfolios while equities reward resilience

The local Collective Investment Schemes (CIS) industry attracted healthy net inflows of R134.5 billion in 2017, ending the year with assets under management of R2.25 trillion.
15 Feb 2018

SACCI welcomes Zuma's resignation

The South African Chamber of Commerce and Industry (SACCI), has welcomed Jacob Zuma’s resignation.
15 Feb 2018

Prescient appoints two new subsidiary CEOs

Prescient Holdings, the award-winning global financial services group, has announced two major leadership appointments within the group. Cheree Dyers, CA (SA) & CFA, has been appointed as Chief Executive Officer (CEO) of Prescient Investment Management (PIM), with Christopher (Chris) Craddock appointed to fill Dyers’ former role of CEO of Prescient Securities (PSec). Leadership changes within...
15 Feb 2018

Zuma's resignation paves way for better economic prospects for SA

“The resignation of President Jacob Zuma and the expected accession of Deputy President Cyril Ramaphosa to the Presidency of SA now paves way for better economic prospects for SA,” says Professor Raymond Parsons of the NWU School of Business andGovernance. “It marks the end of a period of political and policy uncertainty in which SA...

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