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Industry News

04 Sep 2017

Steps approved to action retirement fund reform

The next significant step in Government’s reformation of the retirement fund industry was taken last month (25 August 2017) and saw the implementation of the final retirement funds default regulations on 1 September 2017. Existing funds, however, have until 1 March 2019 to comply.
04 Sep 2017

Retirement lifestyle villages ‘increasingly attractive’

“Most older people would prefer to remain in their homes for as long as possible,” says Arthur Case, Chief Executive Officer of one of SA’s largest providers of retirement living – Evergreen Lifestyles. “But what is crucial is to decide early on what that home is. Are we thinking about staying on in our family...
04 Sep 2017

SARS working hard to swing perception and collect taxes

The media recently reported that the October 2017 Medium Term Budget Policy Statement (MTBPS) could hold nasty surprises for taxpayers on tax collection shortfalls. There have also been rumours of state capture spreading into more parts of government. As a result, one should consider SARS’ accountability, writes Ferdie Schneider, National Head of Tax, BDO South Africa.
01 Sep 2017

IPO opens for new Satrix Quality South Africa ETF

Satrix is listing a sixth ETF this year to complement its ETF product suite. The IPO for the Satrix Quality South Africa ETF opened today, Friday, 1 September.
01 Sep 2017

Five steps to put spring back into your finances

By Riaan Strydom, Financial Adviser, PSG Wealth, Mill Park, Port Elizabeth September ushers in spring and often represents a time for spring cleaning, in anticipation of a fresh start. Why not assess your financial plan as part of your spring cleaning efforts? Below are five steps to take.
31 Aug 2017

Invest in stocks with dividends, but put stop losses in place

Now is a good time to invest, despite buoyant share prices and deep anxiety over the world’s uncertain political and economic outlook, says Todd Buchholz, a former US White House economic advisor who correctly predicted the plunge in oil prices, the downturn in commodity prices and the start of the US economic recovery.
31 Aug 2017

How South Africans can improve their savings for retirement

Working out how much an average South African needs to retire comfortably is theoretically a simple process: actuaries calculate a figure taking into account the Consumer Price Index (CPI), expected rises in inflation and the cost of living, and the percentage of the salaries that people would need to save in order to offset those...
30 Aug 2017

Is there still value in global equities?

While the appetite for global exposure among South African retail investors is undoubtedly on the upswing – fuelled by a combination of rand weakness and a greater need for diversification – many are concerned that several global asset classes currently appear overvalued. The question then begs, where are the pockets of value in the global...
30 Aug 2017

Cost containment and quality healthcare need not be mutually exclusive

Health costs have climbed considerably over the past decade and yet, while healthcare cover remains a grudge purchase for many, talk of cost containment measures can make some consumers question whether this comes at the expense of quality.
30 Aug 2017

Why it pays to start saving early

By Francis Marais, Senior Research & Investment Analyst at Glacier by Sanlam. Saving is often very much at the back of any young, recently employed person’s mind. Unemployment amongst young people is high. In fact that is an understatement – it is frighteningly high – with official figures for young people sitting at roughly just...

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