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Industry News

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. 
19 Jun 2017

Public Protector's proposal to change SARB mandate opens 'a Pandora's Box'

  ‘The Public Protector’s proposal that the mandate of the South African Reserve Bank (SARB) should be changed in order to be more ‘transformation-led’ threatens to open a Pandora’s Box of additional risks for markets and rating agencies about SA. This is according to economist Professor Raymond Parsons.
19 Jun 2017

Questions to ask when taking out a funeral policy

The last thing you should worry about when grieving the loss of a loved one is reading up on the terms and conditions of your funeral policy to try and understand the circumstances that would have led to your claim being delayed.
15 Jun 2017

Insurance Association sympathises with those affected by storms and fires

The South African Insurance Association (SAIA) sympathises with all who have lost loved ones or property as a result of the fires and storms over the past week. The emotional and physical damage of a destructive event like this is a traumatic ordeal which not only affects the lives of many, but also scores of...
15 Jun 2017

Growth projection may not be realised: Minister Gigaba

SA’s 2017 growth projection of 1.3% may not be realised, Finance Minister Malusi Gigaba said in a speech today.
15 Jun 2017

FSB takes action against false examination/qualification records

  The financial planning industry will have seen an increase in the number of debarments cases over the last year, the Financial Services Board (FSB) said in a statement yesterday afternoon. The main reason for this increase is that qualification and examination fraud was discovered by the Financial Planning Institute of Southern Africa (FPI) which...
14 Jun 2017

An hour in SA politics is a long time

Political analyst Aubrey Matshiqi’s lectures are always a pleasure to listen to – and the one he gave at the annual Nedgroup Investments Treasurer’s Conference last week was no exception.
14 Jun 2017

Recent Cape fires and storm – what is the financial impact?

By Coenraad De Jager, Executive for Commercial, Personal & Distribution at Old Mutual Insure. Following the recent Cape storm and devastating fires along the Garden Route, many victims must begin the painful process of rebuilding their lives. With nearly 10 000 residents evacuated and homes, schools, structures, and power and communication lines destroyed, the impact...

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