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Industry News

22 Mar 2017

Peter Baird joins IAM to head up Africa PE team

Peter Baird has been appointed as Managing Principal for Investec Asset Management’s Africa Private Equity funds, the firm announced today. Baird will work with the firm’s well-established Africa Private Equity investment team to provide leadership as they continue to originate attractive investment opportunities, add value to, and eventually exit portfolio companies. The team currently manages...
20 Mar 2017

Minister Gordhan, Governor Kganyago attend G20 meeting

The South African Minister of Finance Pravin Gordhan and Reserve Bank Governor Lesetja Kganyago attended the first G20 Finance Ministers and Central Bank Governors meeting under the German presidency in Baden-Baden, Germany on 17th – 18th March 2017, the National Treasury said in a statement today.
20 Mar 2017

Financial uncertainty in SA affects future decisions

“We’ve been tracking economic uncertainty and its impact on South African business executives for a long time,” says Gillian Saunders, head of Advisory Services at Grant Thornton South Africa. 
20 Mar 2017

Sanguine US Fed waits on Republican fiscal policy decisions

The US Federal Reserve’s decision on 15 March 2017 to increase the target range for the federal funds rate by 0.25% to 0.75-1.0% was widely anticipated.
20 Mar 2017

Brain injuries: Heads up for the costs of recovery

Head injuries can result in damage to the most important part of the central nervous system – the brain – and can irrefutably impact on one’s health, well-being and ability to work. With World Head Injury Awareness Day on 20 March, South Africans are reminded to be mindful of how to reduce these accidents, and...
17 Mar 2017

Net1: Do the right thing

By Andrew Lapping, chief investment officer, Allan Gray We are very concerned about the situation surrounding Net1 – both the immediate need to ensure that 17 million beneficiaries receive their payments on time and to get to the bottom of the allegations that data is being used improperly and deductions taken illegally.
17 Mar 2017

Plan ahead for tombstone unveiling costs: FNB Life

Consumers who don’t adequately plan for post funeral expenses may find themselves having to borrow money to cover tombstone unveiling costs.
16 Mar 2017

SA ranked one of Africa’s top entrepreneurial nations

South Africa has been named one of sub-Saharan Africa’s entrepreneurial frontrunners, after a global report placed the country in second place, after African counterpart Botswana.
16 Mar 2017

US Fed announces 0.25% rate hike

By Tumisho Grater, economic strategist, Novare Actuaries & Consultants   As expected, the U.S. Federal Reserve raised its target rate by 0.25% to a range of 0.75% to 1%. The Fed stated that “the labour market has continued to strengthen and that economic activity has continued to expand at a moderate pace.” The Fed noted...
15 Mar 2017

Agriculture on its way out of the red

Agriculture is not out of the woods yet, but it is on its way out of the red and back into the positive. This is according to Paul Makube, Senior Agricultural Economist at FNB Business.

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