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Industry News

03 Jul 2017

Tax Season 2017 Now Open

Tax Season 2017 officially opened on Saturday, 1 July 2017 for eFilers, and today for branch filers. Taxpayers can now commence completing and submitting their 2017 personal income tax returns for the 2016/17 tax year.
03 Jul 2017

Investment to improve lives of women in Africa is critical

In recent years, Africa has been an area of focus for investment in infrastructure development, trade, and financial inclusion (partly through Fintech and the financing of SMEs). However, environmental and ‘gender lens’ investing (which targets women-led businesses and initiatives) are gaining traction, particularly in the development finance community.
30 Jun 2017

Financial losses can hit SA holiday makers

The longer school holiday which takes place over July typically sees many families travel either locally or internationally. There are however a multitude of things that can go wrong while families are away and can cost a small fortune, for example lost luggage, stolen possessions, medical emergencies as well as disasters at home, such as...
30 Jun 2017

Alternative investment group celebrates stellar returns

TBI, a well-established South African alternative investment group with a superior return track record, celebrates its 25th birthday on 1 July 2017. The group was established in 1992 and is owner-managed to this day.
29 Jun 2017

Eskom ‘committed to continue delivering on its mandate’

Eskom has assured South Africans that it remains committed to continue delivering on its mandate of providing sustainable power supply during this period of high demand and beyond. The company’s executive committee met for the first time today (Thursday) under the leadership of Interim Group Chief Executive, Johnny Dladla.
29 Jun 2017

Should you have bonds in your portfolio?

Bonds are boring, or so the saying goes. A better interpretation is that bond returns are less volatile than equity returns, most of the time.
29 Jun 2017

Global business leaders join in developing long-term reporting framework

Hendrik du Toit, CEO of Investec Asset Management, has joined over 20 leading global CEOs in spearheading a new approach to improve the way businesses report. This encourages firms to clearly demonstrate their contribution to sustainable long-term value creation for society.
28 Jun 2017

Construction activity registers sharp fall in Q2

The FNB/BER Civil Confidence Index fell to 28 in 2Q2017, from 40 in 1Q2017. This, along with 1Q2016, is the joint lowest confidence since the end of 2011.
28 Jun 2017

24Fix set to become independent BEE supplier of choice to insurance industry

Europ Assistance South Africa (“EASA”) today announced the sale of its subsidiary company 24Fix (Pty) Ltd (“24Fix”) to a Black Economic Empowerment consortium (“BEE consortium”). This deal positions 24Fix to become a preferred supplier of emergency geyser and plumbing repairs to the entire South African insurance sector.
28 Jun 2017

Free financial planning advice for Knysna, George fire victims

In support of the Knysna, George and surrounding areas fire victims, the Financial Planning Institute (FPI) is activating the FPI Disaster Assistance Pro Bono Programme for a three-month period starting from 1 July 2017. In the case of the current disaster, this initiative will entail offering free financial planning advice to residents whose lives were...

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