MoneyMarketing

Industry News

13 Jun 2017

5 things to consider before switching banks

Before switching banks, take a step back and conduct an assessment of your finances to determine if a particular type of account will match your financial goals.
12 Jun 2017

Balancing cars and wealth

Most people consider their car to be an asset but in financial terms, an asset is something that generates income or grows in value. Unfortunately, few cars fit this definition. This is according to get\Worth director Colin Morgan.
10 Jun 2017

Moody's downgrades SA to Baa3 and assigns negative outlook

Moody’s Investors Service, late last night, downgraded the long-term issuer and senior unsecured ratings of the Government of South Africa to Baa3 from Baa2 as well as the senior unsecured Shelf and MTN program ratings to (P)Baa3 from (P)Baa2, and assigned a negative outlook.
09 Jun 2017

What a hung parliament means for markets

Following the surprise UK General Election result, Schroders considers the implications for the economy and markets. Economics view: From coronation, to contest, to capitulation Azad Zangana, Senior European Economist, Schroders, said: “This is a disastrous result for the Conservative party, which must raise questions over the future of Theresa May as Prime Minister. As the...
09 Jun 2017

Financial markets will urgently adjust to prospect of soft Brexit

The UK election result is a hammer blow for a hard Brexit, warns Nigel Green, founder and CEO of deVere Group. He was commenting as Prime Minister Theresa May formed a coalition with the DUP and visited Buckingham Palace to ask permission from the Queen to form a government.
09 Jun 2017

Intermediaries applaud South Africa’s top insurance brands at the FIA awards

In a ‘best of the best’ celebration held at the Sandton Convention Centre, Johannesburg on 8 June 2017, the Financial Intermediaries Association of Southern Africa (FIA) announced the 2017 FIA Awards winners. The Awards celebrate the financial services brands that provide the best product, relationship and service to the country’s financial advisors and insurance brokers.
08 Jun 2017

Mogajane appointed Treasury DG

National Treasury has congratulated Mr Dondo Mogajane on his appointment as the department’s new Director-General.
08 Jun 2017

Treasurers prepare for harder times as South Africa officially enters recession

Today, a record number of South African treasurer’s from various industries attended the annual Nedgroup Investments Treasurer’s Conference to discuss the key issues affecting local treasurers – specifically how to create opportunities for parking their high levels of surplus cash in such a challenging political and economic environment.
08 Jun 2017

Top 5 tips to achieve financial independence

There are no short cuts to attaining financial independence; it requires discipline and limitation of wasteful spending, especially on non-essential items.
07 Jun 2017

What does ‘junk status’ and a ‘downgrade’ mean for the average South African?

By Lizl Budhram, Head of Advice, Old Mutual Personal Finance What’s in the news? South Africa’s economy entered a technical recession after gross domestic product (GDP) contracted by 0.7% in the first quarter of 2017. This news follows the recent decision made by Standard and Poor’s (S&P) last Friday, 2 June, to affirm South Africa’s...

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