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Industry News

30 May 2017

5th Annual Young Entrepreneurs Conference to take place

The Young Entrepreneurs Conference and Expo (YECE) – now in its 5th year – will take place on June 1 and 2 in Bloemfontein, Free State Province.
30 May 2017

Global investment strategies and the state of the SA market

In a panel discussion on the state of the South African Market at the 2017 Discovery Financial Planning Summit, moderated by Vusi Thembekwayo, Etienne le Roux, Chief Economist at Rand Merchant Bank (RMB), noted that although some recovery has been predicted in South Africa’s growth (at 1 to 1.5% in 2018), in terms of per...
30 May 2017

Deposit insurance scheme for SA proposed

The South African Reserve Bank (SARB) and the National Treasury have proposed a deposit insurance scheme for South Africa. The SARB has published, for public comment, a discussion paper titled “Designing a deposit insurance scheme for South Africa”. The discussion paper, aimed at soliciting views on the design features of such a scheme, is complementary...
30 May 2017

A balanced outlook required for SA’s future… and financial planning

Discovery CEO, Adrian Gore, advocated the importance of a balanced outlook at the Discovery Financial Planning Summit at the Sandton Convention Centre this week, saying South Africa is on an upward trajectory, contrary to popular opinion.
30 May 2017

Cut through the noise to find emerging investment trends

A prolonged environment of uncertainty and political risk, both in South Africa and globally, means that investors should start cutting through the noise to find emerging investment trends, Isabelle Mateos y Lago, Managing Director and Chief Multi-Asset Strategist at BlackRock, told the Discovery Financial Planning Summit in Sandton.
29 May 2017

Cybercrime on the increase

‘WannaCry’ has been branded as one of the most widespread ransomware attacks ever recorded, with more than 300 000 victims in 150 countries around the globe. This is according to Kerry Curtin, Business Unit Manager: Financial Institutions at Aon South Africa.  ‘WannaCry’ firmly highlights cyber-crime’s inherent risk to business, with its dramatic rise in the top ten...
29 May 2017

Comrades marathon insurance tips

The world’s largest ultra-marathon takes place on Sunday June 4, and runners should ensure they have adequate insurance cover in place before they tie their shoelaces to tackle the Comrades Marathon.
29 May 2017

Strict regulations protect South Africans against credit card fraud

Credit card fraud is still rife in South Africa, but merchants and customers using credit cards still have some comfort in the knowledge that their transactions are protected by the Payment Card Industry Data Security Standard (PCI DSS). The key tenets of PCI DSS is to prevent fraud.
25 May 2017

The SARB treads carefully, leaves rates unchanged

Following the South African Reserve Bank’s decision to keep interest rates at their previous level, FNB confirms that it will maintain its prime lending rate at 10,50% and will review its position after the next SARB MPC meeting in July.
25 May 2017

Europe’s outlook improves

With the French election over, is it time to be more optimistic about investing in Europe? According to recent data, there’s been some economic improvement across the EU, while companies appear to be doing well and share prices are climbing. In such an environment, is it perhaps too easy to believe that Europe’s problems are...

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