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Industry News

28 Mar 2017

Fast-growing SME funding industry acts to self-regulate

Ensuring that small businesses have access to funding and working capital is one of South Africa’s top priorities. The micro-lending space, where much of this funding has taken place, has been fraught with problems.
27 Mar 2017

Gordhan back in SA tomorrow

Following a directive from the President of the Republic of South Africa, Finance Minister Pravin Gordhan and National Treasury Director General Lungisa Fuzile are preparing to return tonight from the UK and are expected to arrive in South Africa tomorrow morning.  This is according to a statement from the National Treasury. “Deputy Minister Mcebisi Jonas...
27 Mar 2017

When will Gordhan come home?

The question on investors’ lips this afternoon is:  Will Finance Minister Pravin Gordhan “obey” President Jacob Zuma and return home from the planned Treasury roadshows in the UK and US?
27 Mar 2017

UPDATED: Zuma tells Gordhan: "Come home"

President Jacob Zuma has instructed the Minister of Finance, Mr Pravin Gordhan and Deputy Minister Mcebisi Jonas to cancel the international investment promotion roadshow to the United Kingdom and the United States and return to South Africa immediately.
27 Mar 2017

Contradictions reflect ideological splits within the ANC: IRR

Institute of Race Relations (IRR analysts) have today released an assessment of nine new policy documents that were published by the African National Congress (ANC) ahead of its National Policy Conference that starts on 30 June.
26 Mar 2017

Capitec makes international acquisition

Capitec has announced its first venture into international markets by acquiring a strategic stake in a European digital, consumer finance company, Cream Finance Holding Limited. 
24 Mar 2017

US Recession Watch - March 2017

By Helmo Preuss, Forecaster Ecosa.   The American consumer is the bedrock of the US economy accounting for 69.1% of total GDP in 2016, while exports only managed a 12.6% share. That means when the Bureau of Economic Analysis (BEA) reports a decline in real personal consumption expenditure (PCE) then investors and economists should sit...
24 Mar 2017

Financial planning considerations when investing offshore

By Andrew Brotchie, MD of Glacier International. Investors wanting offshore exposure have various routes they can take – including rand-denominated funds and asset swap investments – but having decided to use discretionary savings to obtain direct foreign exposure, there are a number of considerations from a financial planning point of view that need to be...
22 Mar 2017

Inflation eases at 6.3%, raising possibility of a rate cut in 2017

By Mamello Matikinca, FNB Economist. Headline inflation positively surprised, rising 6.3% y/y in February from 6.6% in January. Our bearish forecast relative to the outcome was underpinned by a bearish view on long-term insurance.
22 Mar 2017

Santam enhances structured solutions offering with RMB-SI acquisition

Santam announced in August 2016 that it had acquired 100% of RMB-SI Investments, a structured insurance business previously owned by Rand Merchant Investment Holdings. The deal received regulatory approval in February and became unconditional last week providing Santam with access to new clients and markets and will enhance the group’s innovation and solutions mind-set.

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