MoneyMarketing

Industry News

26 Jan 2018

After African Bank and Steinhoff, who’s next to fall?

Glen Jordan, Director of IMB Financial Services, discusses how reckless credit in the unsecured loan sector is at the centre of the major business failures in African Bank and Steinhoff, and how it is just a matter of time until the next big player’s bubble bursts. A cursory glance at credit bureau data released by...
26 Jan 2018

Public Investment Corporation acquires equity in ZAR X

Public Investment Corporation SOC Ltd (PIC), one of Africa’s largest investment managers, with assets under management in excess of R1.9 trillion, has made an equity investment in ZAR X on behalf of the Government Employees Pension Fund (GEPF).
26 Jan 2018

Open letter to Cyril Ramaphosa from Sygnia's Magda Wierzycka

Dear Deputy President Ramaphosa, We have all watched the renewed commitment of the ANC to rebuilding South Africa with great optimism, both domestically and on the global stage, since your election as its President. Corruption, financial mismanagement of State Owned Enterprises and state capture are key priorities.
25 Jan 2018

First Section 12J portfolio of funds – METTA Capital - launches in SA

Navigating the current economic landscape and minefield of investment vehicles is challenging. With so many investment opportunities available and investors wanting to realise the highest returns, exploring alternative investment opportunities in 2018 is crucial.
25 Jan 2018

Khanyi Nzukuma appointed CE of Glacier by Sanlam

Khanyi Nzukuma has been appointed chief executive of Glacier by Sanlam with effect from January 2018.
24 Jan 2018

The water crisis and your insurance policy

The City of Cape Town declared water restrictions in January 2016 which have led to institutions, residents, farmers and businesses all being adversely impacted. To make matters worse, water resources have been put under tremendous strain due to the holiday season.  But what impact does all this have on your insurance policy?
24 Jan 2018

Is your children’s inheritance protected?

Let’s get this straight: Having a Will is not sufficient. Rather, having a proper drafted Will in line with your wishes is the fundamental, basic, main prize.  Nothing less than this is good enough.
24 Jan 2018

How to improve your finances in 2018

By Thandi Ngwane, head of strategic markets at Allan Gray. The start of a New Year often brings with it a renewed sense of purpose, which is why many people promise to improve themselves through resolutions. Getting to the gym more often is usually high on the list. A commitment to becoming financially fitter, so...
24 Jan 2018

Assupol’s brand ambassador Hugh Masekela passes on

The Assupol family is deeply saddened by the passing on of one of the country’s most treasured and beloved faces, global icon and music maestro Ramapolo ‘Bra’ Hugh Masekela (78), following a battle with cancer. In a statement, Assupol said that Masekela was diagnosed with cancer in 2008. In 2017 he stopped performing due to his...
24 Jan 2018

Using TFSAs and RAs to benefit financial wellbeing

South Africa’s national average savings rate is a dismal three percent, while the household debt to income ratio is a staggering 74.4%.

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