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21 Jun 2017

Proof that young drivers can change their behaviour

According to the Department of Transport, about 80% of road fatalities involve males between 19 and 35 and the World Health Organisation’s global research shows that traffic injuries are the leading cause of death among people aged between 15 and 29 years old. While inexperience accounts for much of the increased risk, other factors include...
21 Jun 2017

What happens when you die without a Will?

When a person passes on without a Will, they forfeit the privilege of deciding what should happen to their estate and the estate gets allocated in terms of pre-determined legislated guidelines, known as Intestate Succession. In other words, that person has no say in how the estate should be apportioned.
21 Jun 2017

Chamber of Mines slams new Mining Charter as impractical and unsustainable

By Owen Murphy, Africa Desk Leader at BDO SA. As expected the most contentious provisions are the new requirement for mining companies to achieve a 30% level of black shareholding within the next twelve months. This will apply to structures that already meet the current 26% threshold as well as companies that achieved it previously,...
21 Jun 2017

South Africa’s most affordable medical aid option launched

Umvuzo Health, the country’s leading restricted low-cost medical scheme launched the all-new Activator Option during the unveiling of their new brand. Both the new Umvuzo Health brand and the new Activator Option created great interest and a welcome relief for those earning less than R3 850 a month.
21 Jun 2017

Is it still worth investing in bank shares?

Bank shares rose sharply toward the end of 2016, leaving many investors questioning whether the rally would continue. The global banking sector returned 13.7% in 2016 with dividends included, according to MSCI (Morgan Stanley Capital International) data. In comparison, the MSCI World index returned a more modest 8.2%.
20 Jun 2017

'It's time to cut interest rates'

Clyde Rossouw, Portfolio Manager, & Nazmeera Moola, co-Head of fixed Income at IAM, argue that now is the time for the SARB to take the lead and make a bold, but correct step by cutting rates and thereby provide some relief to the SA economy.
20 Jun 2017

SARB responds to Public Protector

The Public Protector yesterday released a report on the Alleged Failure to Recover “Misappropriated Funds” in the erstwhile Bankorp lifeboat investigation.
20 Jun 2017

FPI receives SARS Recognised Controlling Body status

The Financial Planning Institute of Southern Africa (FPI); a South African Qualifications Authority (SAQA) recognised professional body; has recently been approved by the South Africa Revenue Services (SARS), in terms of Section 204A of the Tax Administration Act, as a Recognised Controlling Body (RCB).
20 Jun 2017

Should your portfolio be exposed to SA bonds?

By Paul Bosman, Fund Manager, PSG Asset Management. Amid heightened political intrigue around the Zuma administration – and in the wake of credit rating downgrades to junk status by both Standard and Poor’s (S&P) and Fitch, as well as the recent downgrade by Moody’s – local investors have grown increasingly wary of South African government...
20 Jun 2017

Are day hospitals the answer to rising healthcare costs?

South Africans are faced with the constant increases in the cost of living and an ailing economy, forcing consumers to cut down on spending across the board. 

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