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26 Oct 2016

Gordhan mum on fraud charges

Finance Minister Pravin Gordhan would not – on Thursday morning – discuss the fraud charges laid against him, which he has dismissed as being politically motivated.  Speaking to journalists before he presented the Medium Term Budget Policy Statement (MTBPS) in parliament, Gordhan said: “Let’s recognise that today we have the MTBPS. When we get to...
26 Oct 2016

GDP revised down: MTBPS

Domestic GDP growth for 2016, forecast at 0.9 percent at the time of the 2016 Budget, has been revised down to 0.5 percent, according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
25 Oct 2016

Telkom CEO pays tribute to black business pioneers

On 28 October, black business people of previous decades will reunite to be celebrated by their peers as well as South Africa’s current generation of business leaders.
25 Oct 2016

Demystifying the myths around financial planning

Financial planning greatly contributes to the success and well-being of many South Africans, yet a large portion still holds pre-conceived notions or myths that prevent them from seeking professional counsel. Everyone must address financial decisions every day. Most people make a series of choices that ultimately lead to their version of financial planning.
24 Oct 2016

MTBPS 2016 - National Treasury to demonstrate intent

South Africa’s Medium Term Budget Policy Statement (MTBPS), which will be read on Wednesday, 26 October 2016, is unlikely to disappoint in terms of its adherence to a fiscal path which seeks to stabilise government’s debt level close to its current level.  This is according to  Arthur Kamp, Economist at Sanlam Investments.
24 Oct 2016

Treasury likely to meet fiscal targets in MTBPS

While the economy undeniably remains in a vulnerable position, the overall economic environment has shown signs of improvement from earlier this year.
24 Oct 2016

Help at hand to improve SA’s financial literacy

South Africa is at the bottom of the financial literacy class according to a recent study by the Organisation for Economic Co-operation and Development (OECD). The OECD/INFE International Survey of Adult Financial Literacy Competencies questioned 50,000 people aged between 18 and 79 and found that, on average, only 56% of adults across the 30 participating...
21 Oct 2016

How to optimise your investments in the current economic climate

Despite the current economic climate in South Africa, comprehensive financial planning can improve the health of your wealth. The weaker rand and the threatening credit downgrade for South Africa to “junk” status, coupled with the current account deficit expected to narrow due to high input costs, weak global demands and increasing food imports has made...
21 Oct 2016

Treasury notes 'attacks' by Oakbay lawyers

The National Treasury issued a statement today in which it notes “the numerous attacks launched by the lawyers representing the Oakbay Group of companies on the affidavit filed by the Treasury in the Oakbay litigation as well as the contradictions contained therein.”
21 Oct 2016

Santam enters into agreement with Munich Reinsurance

Santam, South Africa’s largest general insurer, has entered into an agreement with leading reinsurer Munich Reinsurance Company of Africa Limited (hereinafter referred to as Munich Re of Africa) in terms of which selected Santam business units will be able to use the reinsurer’s Standard & Poor’s (“S&P”) AA- credit rating to write inwards international reinsurance...

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