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Industry News

30 Jan 2018

Woolworths and its woes down under

  South African companies expanding into Australia are again making headlines, this time with Woolworths announcing that it faces an impairment charge for David Jones of A$712.5 million (R7 billion). Woolworths acquired David Jones for R23.3 billion in April 2014, concluding the largest Australian deal at that time by a South African retailer. Now, with...
30 Jan 2018

The cost of insuring business adequately – 8 golden rules to follow

By Jurgen Hellweg, CEO, Western National Insurance. To adequately protect yourself and your company in today’s business environment, you must accurately assess the risks your business faces, and choose your insurance cover accordingly.
30 Jan 2018

ANC voters want Ramaphosa and 'pro-business' policies - IRR report

The latest @Liberty report from the Institute of Race Relations (IRR) – “Ramaphosa and the Strange Workings of ANC Democracy” – provides an “unrivalled picture of the country’s mood on the cusp of a great change”. Based on a large opinion survey carried out late last year, the report suggests that South Africans are moderate...
30 Jan 2018

Q&A with Noxolo Hlongwane, Nedbank Private Wealth's Head of Philanthropy

One of the most anticipated events on the Western Cape social calendar, and the opportunity to bid on once-in-a-lifetime auction lots, the Cape Wine Auction has, in only four years of existence, created a benchmark in philanthropy, raising almost R55 million – with all proceeds going to 27 carefully selected beneficiaries who make a profound...
29 Jan 2018

Douglas Ramaphosa appointed to Curro Holdings Board

JSE-listed independent school operator, Curro Holdings, is pleased to announce the appointment of Douglas Ramaphosa to its Board of Directors. The appointment is effective 26 January 2018, with Ramaphosa set to attend Curro Holdings’ first board meeting of the year on 16 February 2018 as an independent non-executive Director.
29 Jan 2018

Ethical leadership is not enough

By Prof Deon Rossouw, CEO, The Ethics Institute. The need for ethical leadership is much clearer and more urgent now than it has ever been since the dawn of the new South Africa. Unfortunately, it took massive corruption to elevate the importance of ethical leadership in the public consciousness, and so the cost has been...
29 Jan 2018

Old Mutual launches retail shareholder advertising campaign on managed separation

Old Mutual plc (Old Mutual) has launched a major advertising campaign aimed at its 450 000 retail shareholders ahead of the separate listings of its UK and South African businesses in Johannesburg and London.
29 Jan 2018

Increasing the savings rate can secure a better future for SA

GDP figures signaling better than hoped for economic growth in 2017 brought sighs of relief all round after an unquestionably tough year financially for South Africans. But Mbulelo Musa, a Wealth Advisor at BayHill Capital, cautions that this growth is not nearly enough, and the time has come for us all to play our part...
29 Jan 2018

Davos: the dawn of a new day for South Africa

By Shalin Bhagwan, head of fixed income at Ashburton Investments. While our developed market counterparts focused on the messages from China, Trump and Macron or perhaps even a new-found emphasis on the politics of inclusion and equality, I suspect that for most South Africans, it was Cyril Ramaphosa that stole the show at last week’s...
29 Jan 2018

Sanlam’s Employee Benefits partners with 27four Investment Managers

As part of its ongoing commitment to prioritising empowerment as a business goal and national economic necessity, Sanlam’s Employee Benefits (SEB) has partnered with 27four Investment Managers to launch South Africa’s first, black managed, smoothed bonus product. The Progressive Smooth Bonus Fund is managed by 27four Investment Managers and guaranteed by Sanlam.

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