MoneyMarketing

Industry News

20 Dec 2017

Happy Holidays !!

On behalf of the MoneyMarketing team, I wish you a happy holiday season. If you’re travelling on our roads, I wish you a safe journey. And stick to your budget: no reckless spending allowed !! We look forward to bringing you more investing views and insurance news in 2018. Janice Roberts Editor: MoneyMarketing  
20 Dec 2017

Allianz appoints EA and Underwriter

Allianz Global Corporate & Specialty (AGCS) Africa appointed Peter Mashamaite as an Executive Assistant to CEO and Head of Market Management Thusang Mahlangu effective December 1, 2017. Ryan Brown, who joined the insurer’s internship program almost 18 months ago, has been appointed permanently as a Junior Property Underwriter from November 1, 2017.
20 Dec 2017

Fitch: South African Political Uncertainty to Persist in 2018

Political uncertainty will persist in South Africa following the election of Cyril Ramaphosa as leader of the African National Congress, Fitch Ratings says. The closeness of the result, and the likely challenges in agreeing and implementing changes to existing economic and fiscal settings, suggest that the policy paralysis prior to this week’s national conference may...
20 Dec 2017

'New ANC leadership seems to reflect a compromise'

The new ANC leadership seems to reflect a compromise between the two different factions within the ruling party.  This is according to Ashburton Investments.
19 Dec 2017

Orchid Risk Services achieves two prestigious accolades

Leading short-term insurance administrator and financial services firm Orchid Risk Services celebrated an excellent year of performance during 2017 as it scooped awards from two of South Africa’s largest insurers in recognition of the company’s dedication to excellence in the short-term insurance industry.
19 Dec 2017

Moody's: New ANC leadership gives prospect of a credit positive policy shift

The following report was issue by Moody’s Investor Service today. On Monday 18 December 2017, South Africa’s (Baa3, RUR-) African National Congress (ANC) elected Cyril Ramaphosa, the country’s Deputy President, as its new leader. Reflecting the narrow margin of his victory however, the opposition faction of the ANC has secured substantive representation among the top...
19 Dec 2017

Markets get it right with Ramaphosa win

By Tumisho Grater, Economic Strategist at Novare. Market participants hit the nail on the head. Cyril Ramaphosa emerged victoriously and was crowned the new President of the ANC last night.
19 Dec 2017

Key market take-outs on ANC election result

The ANC has elected Cyril Ramaphosa as its new President. He will in all likelihood also become the President of South Africa following national elections in 2019 or earlier, if President Jacob Zuma steps down before then.
19 Dec 2017

In volatile times retirement funds look to cash to reduce risk

Given the high levels of volatility and uncertainty in the market, cash is currently providing attractive inflation-beating income opportunities for retirement funds, especially where risk is a key consideration for trustees.
19 Dec 2017

‘Ramaphosa had to settle for a politically damaged top 6‘

The decision yesterday by ANC delegates to the National Conference in Johannesburg to elect deputy president Cyril Ramaphosa to succeed President Jacob Zuma has been widely welcomed as a positive development, but it is also something of a poisoned chalice. This is according to NKC African Economics.

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