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Industry News

25 Jul 2017

Political uncertainty leads to drop in M&A deals in Africa this quarter

Baker McKenzie’s latest quarterly Cross-border M&A Index shows that there were 17 inbound M&A deals in Africa in the second quarter (Q2) of 2017. The 17 inbound deals reflect a 48% drop from 33 deals in Q2 2016. On a quarter-by-quarter basis, inbound deal volume also dropped – by 45% – from 31 deals in...
25 Jul 2017

What financial advisers will need to consider

By Richard Rattue, Managing Director, Compli-Serve SA. Market Conduct regulations are coming to a place near you soon. Do you know how the changes could impact your advisory business?
24 Jul 2017

Africa poised to become digital insurance leader

Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme “Disrupt, Debate, Deliver”. In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
24 Jul 2017

Five tips for success in a stagnant market

By Grant Meintjes, Head of Securities, PSG Wealth. In some countries, investors have been lucky enough to see stock markets recover fully since the 2008 financial crisis. Some even have the privilege of working with higher trading levels than before the crash. But in other countries, like South Africa for instance, markets have stagnated.
21 Jul 2017

Draft tax amendment bills published for public comment

National Treasury and SARS published the 2017 Draft Taxation Laws Amendment Bill (TLAB) and the 2017 Draft Tax Administration Laws Amendment Bill (TALAB) earlier this week. The 2017 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill) was published on Budget Day. This suite of draft bills should give effect to...
20 Jul 2017

'A surprise but welcome cut in interest rates'

‘The surprise but welcome decision by the MPC to reduce interest rates by 25 basis points, despite the fact that there remain potential risks to the inflation outlook, emphasizes the SARB’s concern about SA’s growth prospects,” says Professor Raymond Parsons, economist at the NWU School of Business and Governance. “This is confirmed by the MPC’s...
20 Jul 2017

Fading inflation brings more relief to consumers, says FNB as it cuts rates

Following the South African Reserve Bank’s Monetary Policy Committee (MPC) decision earlier today to reduce its repo rate by 0.25%, FNB confirms that it will cut its prime lending rate from 10,5% to 10.25%. The new rate will be applied from Friday 21 July 2017 on all prime-linked rates.
20 Jul 2017

How active is your passive strategy?

The term “passive”, when used in conjunction with an investment strategy, has been known to breed the common misconception that index tracking is system generated and, thus, an approach relatively devoid of active decision-making, says Kingsley Williams, Chief Investment Officer of the indexation capability for Old Mutual Investment Group’s Customised Solutions boutique. The reality, however, is...
20 Jul 2017

Five tips to save during tough times

Challenging economic conditions often come with a lot of uncertainties, and consumers will find themselves hard-pressed, but it’s still important to make room for saving and continue practicing prudent financial habits.
20 Jul 2017

How to choose the right funeral plan

One of SA’s registered insurers says that it is important that the industry does what it can to ensure that funeral plans are exactly what they should be – safe and reliable.

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