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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%.
23 Jan 2018

New CEO for Europ Assistance South Africa

Jacques Preyser has been appointed as the new Chief Executive Officer (CEO) of Europ Assistance South Africa, effective 1 February 2018. Jacques will be taking over from Christelle Colman who will be pursuing new business opportunities within the insurance industry.
23 Jan 2018

Allan Gray appoints new COO

Allan Gray today announced the appointment of Rob Formby as Chief Operating Officer designate, to take over as Chief Operating Officer in June 2018. Formby takes over from Rob Dower, who is stepping down to pursue other opportunities within the group.
22 Jan 2018

2017 – A year of vindication for risk assets

By Luke McMahon and Shawn Phillips, Research and Investment Analysts at Glacier by Sanlam. There is a powerful proverbial saying which goes as follows, “The stone the builders rejected has become the cornerstone”. Rattled by the difficult 2016 experienced by a large number of investors, both locally and globally, the retail investment market experienced a...
22 Jan 2018

CoreShares to list new Global Dividend ETF

CoreShares announced today the listing of a new exchange traded fund to list on the JSE: the CoreShares S&P Global Dividend Aristocrats Exchanged Traded Fund (ETF). The ETF will trade in Rand on the JSE but will invest globally, based on the S&P Dow Jones Indices Dividend Aristocrats® methodology. This methodology is run in numerous...
19 Jan 2018

Discovery Health recovers R568m in fraud savings for 2017

In 2017 Discovery Health’s efforts to curb fraud in the healthcare system resulted in a significantR568m recovered on behalf of client schemes, compared to R405m in 2016,” says Discovery Health CEO, Dr Jonathan Broomberg. “We also estimate that the ‘halo’ effect of these fraud-control activities, in which health professionals and others contemplating fraud desist from...
18 Jan 2018

Risks inhibit cut as SARB leaves rates unchanged, says FNB

Following the South African Reserve Bank’s decision earlier today to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10,25% and will review its position after the next SARB MPC meeting in March.
18 Jan 2018

Repo rate remains unchanged at 6.75% per annum: SARB

The SA Reserve Bank has announced that the repurchase rate remains unchanged at 6.75% per annum, following its latest Monetary Policy Committee (MPC) meeting.
18 Jan 2018

The JSE continues to lag global markets - where to now for investors?

Over the past five years, local markets returned just above 75% in ZAR terms, which is comparable to the JSE’s long-term average. However, when taking into account that over this same period the currency weakened by almost 50% to the US dollar, the JSE’s hard currency return – in real comparable terms – is 24%,...

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