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Industry News

10 Oct 2017

Severe weather conditions become the new normal

Many areas in Gauteng and Kwazulu-Natal came to a standstill yesterday and today as devastating hailstorms, torrential rain and strong winds tore off roofs, flooded roads, smashed windows and cars, uprooted trees and walls, and tragically claimed three lives. The increased frequency of extreme weather events over the past couple of years has been marked...
10 Oct 2017

Alexander Forbes announces new partnership model with IFAs

Alexander Forbes Group Holdings Limited (JSE: AFH) is opening its corporate base to Independent Financial Advisers (IFAs) in South Africa, as part of the company’s vision to help clients achieve a lifetime of financial well-being and security.
09 Oct 2017

Investment property market shows weakening signs

In the 3rd Quarter 2017 FNB Estate Agent Survey, the secondary home demand percentage was mildly lower than in the prior quarter, representing the second successive quarter of decline. In addition, there was a quarterly decline in the estimated percentage of investment (buy-to-let) home buying, a mild increase in the offloading of investment properties, and...
06 Oct 2017

Average increase of 8.4% in Bestmed’s 2018 member contributions

Bestmed Medical Scheme, the fourth largest open medical scheme in South Africa, announced its average contribution increase of 8.4% for 2018 at its product launch hosted in all regions today.
06 Oct 2017

Minister Gigaba concerned about 'politicising' of PIC

The Minister of Finance, Malusi Gigaba, is concerned about the politicising of the Public Investment Corporation (PIC), the National Treasury says in a statement.
06 Oct 2017

SA's newest stock exchange opens

A2X Markets (A2X), South Africa’s newest stock exchange, made its debut this morning with three listings and four of the industry’s leading brokers on board.
05 Oct 2017

As much income as possible at retirement, thank you

Megatrends in default investment strategies: What we can learn about post-retirement investment strategies from the UK and Australia. Last week at private dinner engagements hosted by Sanlam Investments in Johannesburg and Cape Town, Lesley-Ann Morgan, Global Head of Defined Contribution and Retirement Strategies at Schroders UK, shared fascinating insights into post-retirement default strategies and drew...
05 Oct 2017

Fiduciary lessons to be learnt from the passing of Hugh Hefner

Following the recent passing of multi-millionaire Playboy founder, Hugh Hefner, allegations of a watertight prenuptial preventing his wife, Crystal Harris, from inheriting anything from his estimated $43 million fortune have raised a number of questions around the legal standing of a prenuptial agreement after the death of a spouse and the importance of having a...
04 Oct 2017

Santam named top business short-term insurer

Once again, Santam has been voted top South African short-term insurer in the Business category of the annual 2017 Sunday Times Top Brands Survey. The independent research survey findings are based on a poll of businesses from across the country.
04 Oct 2017

AI and Robotics: Rise of the Machines?

  By Robert Lea, Head of Global Equity Research at Ashburton Investments. Recent rapid advances in technology have led to a surge in media interest in Artificial Intelligence (AI), Robotics and Automation.

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