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Industry News

11 Dec 2017

A dramatic end to a dramatic year

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. The JSE was down sharply last week as scandal engulfed one of the biggest shares on the exchange. Steinhoff International shares plunged after the company’s auditors refused to sign off on its latest financial statements and its CEO resigned.
11 Dec 2017

Stonehage Fleming appoints a non-executive Board member in South Africa

Stonehage Fleming has recently welcomed Vincent Zwelibanzi Mntambo to the Stonehage Fleming family as a non-executive Board member.
11 Dec 2017

Don’t let your insurance cover take a holiday

By John Marsden, Managing Director: Citadel Financial Protection. Each December holiday season, South Africans are confronted with shocking road fatality statistics. According to the AA, as many as 14,071 people died on South Africa’s roads in 2016 – a 9% increase from the12,944 deaths recorded in 2015.
08 Dec 2017

The risk of driving drunk

With the holiday season upon us and social gatherings the order of the day, this festive time often has a tragic side as the number of road casualties increases.
08 Dec 2017

Prep like a pro: top risk and insurance tips for the holidays

As the excitement of heading off for some much needed R&R sets in, take some time out from the shopping, travel arrangements and last minute work wrap-ups to secure your home, assets and loved ones before you head off for the holidays.
07 Dec 2017

Bitcoin's own valuation measure is meaningless

Aficionados of bitcoin and other so-called ‘crypto assets’ have started to refer to their own kind of valuation measure – the NVT ratio. The only snag being it tells people nothing about valuation. As the perceived worth of a single bitcoin crisscrossed its way around the $10,000 (£7,455) mark for much of last week, a...
07 Dec 2017

Steinhoff - the largest corporate failure of the active asset management industry yet

By Magda Wierzycka. The failure of Steinhoff has shocked even the most seasoned asset managers. It is the biggest corporate failure on the JSE. Allegations of earnings manipulations, uncontrolled acquisition sprees and tax fraud are just the tip of the iceberg. Off-balance sheet companies were set up to hide losses, executives collaborated with each other to...
07 Dec 2017

Ending 2017 on a financially high note

Alexander Forbes Financial Planning Consultant, Rita Cool, offers some important financial advice on how to see out 2017.
07 Dec 2017

Making a Sectional Title purchase: what you should be aware of

Buying a family home is an age-old way of generating wealth creation, however the foundation to wealth creation comes from making rational money decisions and buying such a home can easily be influenced by emotional bias.
07 Dec 2017

Signs there’s a fraudster in your company

The typical South African company loses around 5% of its annual revenue to fraud. One of the main reasons for this is because predicting which employees are capable of committing major fraud against a company is more difficult than expected.

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