MoneyMarketing

Industry News

19 Sep 2017

Patrice Rassou: Is sentiment the new fundamental?

Patrice Rassou, head of equities at Sanlam Investment Management, explains the role that sentiment (fear and greed) plays in market movements.
19 Sep 2017

PSG Alpha partners with the Amdec Group to acquire 50% stake in Evergreen Lifestyle

PSG Alpha Investments, a subsidiary of the JSE-listed PSG Group, has acquired a 50% stake in Evergreen Lifestyle, South Africa’s pre-eminent provider of retirement living and a division of the Amdec Group. With investments such as Capitec Bank (retail banking) and Curro Holdings (private education) in its portfolio, this investment marks a significant new focus...
19 Sep 2017

ASISA Board appoints new Chair and deputy Chair

The Board of the Association for Savings and Investment South Africa (ASISA) has appointed Ian Kirk, Group Chief Executive of Sanlam, as its new Chairman and Thabo Khojane, Managing Director of Investec Asset Management, as the new deputy Chairman.
19 Sep 2017

Mandatory rotation of auditors too late to prevent KPMG scandal

The KPMG fall-out after the Gupta-related entity audits and the South African Revenue Service (SARS) “rogue unit” report must be the biggest scandal so far in the South African audit profession.  On 15 September 2017 KPMG CEO Trevor Hoole, chief operating officer Steven Louw, chairperson Ahmed Jaffer and five senior executives resigned “in the best...
19 Sep 2017

SA’s growth engines feeling the weight of economic strain

Business confidence indicators plummeted further in the second quarter of this year as the South African macroeconomic environment remained dire, resulting in increased pressure on small and medium enterprises (SMEs) and their ability to deliver as one of South Africa’s leading growth engines.
19 Sep 2017

Taxi violence highlights the importance of Sasria cover – do you have it?

By Bertus Visser, Chief Executive of Distribution, PSG Insure. Taxi violence and recent service delivery protests are a a reminder of the importance of Sasria cover as part of your insurance policy.
19 Sep 2017

Rand Merchant Investment’s AlphaCode makes fourth investment

Luno today announced its expansion into 35 new markets across Europe, and R120 million Series B funding round, led by London-based Balderton Capital, one of Europe’s leading venture capital firms. Rand Merchant Investments, through its fintech investment arm, AlphaCode, and existing investors Digital Currency Group also participated in the round. This follows Luno’s R60m Series...
19 Sep 2017

Sasfin to review its future engagement with KPMG

Sasfin will be changing its Independent Sponsor from KPMG Services (Pty) Ltd to Deloitte & Touche Sponsor Services (Pty) Ltd, effective as of Tuesday, 19 September 2017.
19 Sep 2017

Avoid overspending on funerals

Consumers who do not plan ahead for funerals could find themselves overspending in a last minute effort to give their loved ones a dignified send off.
18 Sep 2017

Ignore the content of your trust deed at your peril

By Elbe Thatcher,  Fiduciary Specialist Old Mutual Wealth. Unfortunately, clients seldom take the time to study their trust deeds.  They usually sign the document and file it in a drawer somewhere never to be looked at again.  While blissful at the time, this ignorance opens the door to unplanned consequences, often leading to disillusionment for...

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