MoneyMarketing

Industry News

18 Jan 2018

Are higher taxes on wealthy South Africans justified?

Talk of a potential wealth tax in South Africa has re-ignited the debate on the taxation of high net-worth individuals (HNWIs). For many taxpayers around the world, progressive taxes – in which the more one earns, the higher the rate of taxation – contradicts the principal of equality. In fact, it is this thinking that...
17 Jan 2018

Market review: December 2017

By Carl Roothman, CE of Sanlam Investments Retail Business. December was another eventful month on the financial calendar and the year 2017 did not go down quietly. An important driver of global markets’ strong growth in recent months has been the expectation of the implementation of President Trump’s tax reform.
17 Jan 2018

Black Friday bonanza for November retail sales

By Jason Muscat, FNB Senior Economic Analyst November retail trade sales surpassed even our bullish expectations, registering 8.2% y/y from an upwardly revised 3.5% in October. This was the strongest year-on-year performance in five years.
16 Jan 2018

Changes in leadership at MMI

The Board of MMI Holdings has announced that Nicolaas Kruger will be stepping down as CEO of MMI Holdings with effect from 15 February 2018. In a statement, the Board said that this decision came after a few months of discussions between Kruger and the MMI Holdings Board that enabled the Board to consider the...
16 Jan 2018

SARB: New adviser to the Governors appointed

Ms Fundi Tshazibana has been appointed an adviser to the Governors of the South African Reserve Bank (SARB) with effect from 19 February 2018, the Bank said in a statement on Tuesday afternoon. She will also become the seventh member of the Monetary Policy Committee (MPC) of the SARB. Ms Tshazibana has 17 years of...
16 Jan 2018

Will the Reserve Bank cut rates this week?

By Maura Feddersen, Economist with PwC’s Strategy& The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) is meeting on 17 and 18 January to deliberate interest rates. The central bank’s monetary policy stance aims to keep inflation in the target range of 3%-6% annually, thereby protecting the value of the currency and the purchasing...
16 Jan 2018

New bank to be launched in SA

Bank Zero has been granted a provisional licence after a rigorous in-depth evaluation process by the South African Reserve Bank. The 45% black-owned bank is set to launch in the fourth quarter of 2018.
16 Jan 2018

Bullying can now result in personal litigation

With schools opening across South Africa in the coming weeks, parents are advised to be aware of the potential personal litigation risks that their children could face if they engage in bullying behaviour.
16 Jan 2018

deVere Group launches cryptocurrencies app due to soaring global demand

A cryptocurrency app is to be launched by independent financial services organisation, deVere Group, due to “soaring global demand” and in defiance of financial traditionalists.
15 Jan 2018

No Last Will as the New Year kicks in? No way!

Dying without carefully preparing a Last Will and Testament that specifically outlines who should inherit your belongings, causes unnecessary distress at an already difficult time for your family and friends.  The absence of a Will also means that the law will decide who gets what, and how much.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za