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Industry News

06 Jun 2017

SA GDP numbers worse than expected

By Jason Muscat, Senior Economic Analyst at FNB. South Africa officially entered recession in 1Q17 with a –0.7% q/q contraction, significantly worse than our already bearish expectations of 0% growth. The weakness was incredibly broad-based, with only the agriculture and mining sectors expanding. Without growth in the primary sector, GDP would have contracted by a...
06 Jun 2017

How will the financial markets react to the UK election result?

The pound will come under intense pressure, UK-focused stocks will weaken, gilt prices will rise and capital markets will experience significant volatility after the UK’s general election.
06 Jun 2017

Batseta announces first recipients of Professional Principal Executive Officers certification

Batseta Council of Retirement Funds for South Africa (Batseta) convened the very first certification ceremony for the recipients of the Occupational Certificate: Professional Principal Executive Officer (PPEO).
05 Jun 2017

Just three days to the 2017 FIA Awards

South Africa’s world class financial services industry will not have to wait much longer to find out which insurance and investment brands are recognised by intermediaries as the ‘best of the best’! The finishing line for the 2017 FIA Awards is in sight and any of the shortlisted finalists are within a nose of scooping...
05 Jun 2017

Private equity continues to meet evolving market needs

The recent increased volatility in the global market has influenced an uptick in changes to the way many financial sectors operate – and private equity is no exclusion. Amid global concerns about currency instability and sluggish economic growth, there appears to be a gradual, yet notable shift in the approach taken by both local and...
05 Jun 2017

Mutual & Federal officially launched as Old Mutual Insure today

It is official! Mutual & Federal will from today be known as Old Mutual Insure. This follows the initial rebranding announcement made on 14 March 2017, and supports the Old Mutual Group’s vision to integrate customer value propositions across the banking, insurance, savings and risk needs of customers. This rebrand supports the Group’s efforts to...
05 Jun 2017

Non-communicable diseases barely at heart of policy

A policy area that does not receive enough attention from SA’s lawmakers is that of non-communicable diseases such as cancer, heart disease and hypertension. This is according to the Institute for Race Relations (IRR). The IRR has released a report on the extent to which cancer and other non-communicable diseases affect South Africans. The report...
05 Jun 2017

Family-owned businesses can thrive with the correct guidance

While South Africa is well known for its inherently entrepreneurial culture, too many promising family-owned businesses do not reach their potential due to a lack of objective external input and independent advice.
01 Jun 2017

Fitch affirms SA’s long term foreign and local currency debt ratings

Fitch has affirmed South Africa’s long term foreign and local currency debt ratings of ‘BB+’ with a stable outlook.
01 Jun 2017

New Plexus Wealth fund focuses on high income

Listed property specialist Plexus Wealth has launched a second property fund, the Plexus Wealth BCI Flexible Property Income Fund, to provide investors and retirees with a higher income option.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za