MoneyMarketing

Industry News

03 Feb 2018

Ashburton funds recognised at Raging Bull Awards 

Ashburton Investments has won three Raging Bull Awards for its fixed income and offshore equity solutions.
02 Feb 2018

Two Sanlam portfolio managers win Raging Bull Awards

Two Sanlam portfolio managers brought home awards for being the top performers in their fund categories following the 22nd Raging Bull Awards ceremony held in Cape Town this week.
02 Feb 2018

Global Financial Planning Organisation Appoints Gerhardt Meyer as Chairperson-Elect

Gerhardt Meyer, CFP®, Head of Governance for the Wealth Division of Old Mutual South Africa has been appointed chairperson-elect of Financial Planning Standards Board (FPSB) effective, April 2018. Meyer will then serve another year as Chairperson to FPSB’s Board of Directors in 2019.
01 Feb 2018

Viceroy released Capitec report in 'reckless manner'

The National Treasury notes the “reckless manner” in which Viceroy, a US-based trader/research firm, released its report on Capitec bank earlier in the week. “Viceroy is not regulated in South Africa, and by its own admission, has been trading [short selling] in Capitec shares ahead of the release of its report, and stood to benefit...
01 Feb 2018

Watch out for VAT changes in 2018 Budget Speech

February’s budget speech is expected to hit a slightly more optimistic note as a result of resurgence in business and consumer confidence. But South Africa’s growing debt levels and alarming budget deficit means that consumers should still prepare for the possibility of an increase in the VAT rate, cautions Maarten Ackerman, Chief Economist and Advisory...
01 Feb 2018

Absa Investment wins again at the 22nd Raging Bull Awards

The Absa Asset Management and Multi-Management teams came out tops at the 2018 annual Raging Bull Awards held in Cape Town last night.
01 Feb 2018

Absa Purchasing Managers’ Index  rises in January

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.9 index points in January, the Bureau for Economic Research (BER) said today.  This is the best reading since May 2017 and the 5-point rise more than makes up for the 3.7-point slump experienced in December. The January PMI suggests that the local manufacturing sector...
01 Feb 2018

Bravura and Vunani announce capital markets alliance for Southern Africa

Holdings Limited through its South African subsidiary Bravura Capital (Pty) Ltd, and Vunani Limited through its South African subsidiaries Vunani Securities (Pty) Ltd and Vunani Capital Markets (Pty) Ltd, are pleased to announce that they have formed a capital markets alliance. The Bravura-Vunani Securities Alliance will provide clients with strong institutional capital raising services in...
31 Jan 2018

Fitch Downgrades Eskom to 'BB-'

THE FULL STATEMENT FROM FITCH RATINGS: Fitch Ratings has downgraded Eskom Holding SOC Ltd’s (Eskom) Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings to ‘BB-‘ from ‘BB+’ and maintained them on Rating Watch Negative (RWN). Fitch has also affirmed the government-guaranteed local currency senior unsecured debt ratings at ‘BB+’. 
31 Jan 2018

Bitcoin: Bubble or Boom?

Since hitting an all-time high of almost USD20 000 per bitcoin in December 2017, the cryptocurrency has almost halved in value over the past month. To put bitcoin’s performance in context of equity market crashes, the correction we have seen over the last month is larger than both the Black Monday and Tuesday stock market...

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