MoneyMarketing

Industry News

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...
18 Sep 2017

OUTsurance takes a stake in passive asset manager CoreShares

OUTsurance and CoreShares today announced that OUTsurance will acquire a 25% stake in CoreShares.
15 Sep 2017

'Eskom's application for increase undermines Nersa transparency decision'

The Organisation Undoing Tax Abuse (OUTA) believes that energy regulator NERSA should not have allowed Eskom to block public access to coal costs in its tariff application.
14 Sep 2017

Policyholders and beneficiaries receive R458 billion in benefit payments from life insurers

Despite facing strong economic headwinds, South African life insurers honoured claims by policyholders and beneficiaries worth R458 billion in the year ended 30 June 2017. This represents a 9% increase in benefits paid when compared to the previous 12-month period. At the same time life insurers managed to grow assets by 2% to R2.7 trillion.
14 Sep 2017

‘Open architecture innovation’ will drive new growth for insurers

Aon plc, the global professional services firm providing a broad range of risk, retirement and health solutions, has launched its annual Global Insurance Market Opportunities (GIMO) report, which examines key areas of potential growth for insurers.
13 Sep 2017

Moody's warns against attacks on Reserve Bank

SA’s rating would be downgraded if “the strength and independence of institutions notably diminish.”  This is according to Zuzana Brixiova – Vice President – Senior Analyst, Sovereign Risk Group, at Moody’s. 
13 Sep 2017

Expect a rate cut next week

By Arthur Kamp, Investment Economist at Sanlam Investments. The split-decision of the Bank’s Monetary Policy Committee (MPC) to cut its repo rate by 25bps to 6.75% in July 2017 appeared to signal a shift in focus away from the risks posed by potential rand weakness to the recorded downside surprises in real GDP and inflation...
13 Sep 2017

Will SA’s 183-day tax exemption rule be overturned?

On 18 August, the window period to submit public comment on the South African Revenue Services (SARS) and National Treasury’s amended draft tax law proposal to overturn the 183-day tax exemption rule, closed. “Therefore, South African tax resident employees working outside South Africa (SA) in low-tax or tax-free jurisdictions like Mauritius, Singapore, Cayman Islands and...

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