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Industry News

06 Feb 2018

What lies ahead for residential property?

The gradual slowdown in the rate of growth in property prices across the country has left homeowners, buyers and investors wondering what could be in store for residential property for the rest of this year.
06 Feb 2018

Still time to take advantage of Section 12J

The Section 12J tax dispensation is finally attracting investors, after several years of being a wallflower. According to SARS, for the tax year ending 28 February 2017, 724 investors took advantage of the incentive. This was a substantial increase compared to the 34 and 272 individuals for the 2015 and 2016 tax years respectively. Based...
06 Feb 2018

The lowdown on getting great financial advice

“Finding a financial adviser you can trust often feels like a daunting task, with many not even knowing where to begin,” says Lizl Budhram of Old Mutual Personal Finance.
05 Feb 2018

Unpacking financial emigration

Financial emigration, also known as formal emigration, is the process whereby a South African resident changes their status with the Reserve bank to that of a non-resident. One of the most important benefits of this is that retirement savings and annuities can be withdrawn and transferred offshore, even if the person is still under the...
05 Feb 2018

Top up your retirement annuity now!

Topping up your retirement annuity before the end of the tax season has some major financial benefits and will give any taxpayer a reason to smile in 2018.
05 Feb 2018

A year of President Trump: Seven charts that reflect market reaction

Donald Trump became president of the US on 20 January 2017. According to Schroders, the markets have reacted positively to his pro-business rhetoric and his promise to cut taxes and spend big on infrastructure. The global economy was already picking up a significant head of steam for the first time since the financial crisis. But...
05 Feb 2018

Investec GIBS Saving Index – near-term relief for SA savings rate?

Investec and the Gordon Institute of Business Science (GIBS) have released the latest results of the Investec GIBS Saving Index, which measures South Africa’s savings rate and the country’s savings behaviour. The headline index figure for 2017 Q3 was announced today at 60.5 points at the end of 2017, which marks a low point in...
05 Feb 2018

PFA reads out riot act to pension fund

Pension Funds Adjudicator, Muvhango Lukhaimane has read out the riot act to a pension fund and its administrator for failing to willingly provide a response to a complaint.
05 Feb 2018

Submit your Budget 2018 views to Minister Gigaba

The Minister of Finance, Malusi Gigaba, will deliver his maiden Budget Speech amid subdued economic growth and a challenging fiscal situation. It is in this context that the Minister encourages South Africans to share their views about the country’s economic conditions and other issues they would like government to highlight in the Budget, which will...
05 Feb 2018

South Africa’s renewable energy programme back on track

After nearly two years of stalling and uncertainty, South Africa’s Public Enterprises Minister Lynn Brown announced on Friday 2 February that the signing of power purchase agreements (PPAs) for 27 wind and solar renewable energy projects will go ahead.

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