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Industry News

20 Oct 2016

FirstRand reviews its operations in India

FirstRand has recently completed a strategic review of its Indian operations which has resulted in some changes to the in-country structure and operations.
20 Oct 2016

Good budget necessary but not sufficient to avert a downgrade

Nazmeera Moola, co-Head of Fixed Income, Investec Asset Management writes: When Standard & Poors gave South Africa a stay of execution in June, they cited three factors that would result in a ratings downgrade in December. First and foremost, their key long-term measure is the country’s growth rate, which would need to show improvement. On...
19 Oct 2016

Benchmark beating returns from the PSG Stable and PSG Equity funds

The investment team at PSG Asset Management recently completed a country-wide roadshow sharing their market and portfolio views with clients and advisers and have some insights to share regarding the PSG Stable Fund and the PSG Equity Fund.
19 Oct 2016

Times are tough but we've been there before

With concerns around the country’s current uncertain political and economic outlook intensifying, markets are bracing for a possible sovereign downgrade. While a downgrade will not be good news for the South African economy, in a number of instances the financial markets appear to already have discounted the event in prices.
19 Oct 2016

Top five challenges facing Pravin Gordhan ahead of mid-year budget

Finance Minister Pravin Gordhan faces what could be his most difficult budget speech to date as he seeks to stimulate the economy while containing expenditure, according to Global Credit Ratings (GCR) CEO, Marc Joffe.
18 Oct 2016

Downgrade fears reignited

Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers highlight most investors’ fears when they write that once more, the position of South Africa’s finance minister is in question.
18 Oct 2016

No more business as usual for SA employee-benefits

South Africa’s employers and pension funds need to change their employee-benefits engagement models to align and recognize them as a critical ingredient to employee and member value propositions that guide financial planning to create financial freedom.
17 Oct 2016

State capture should be Mkwhebane's priority – Solidarity

Trade union Solidarity said today that state capture and combating corruption should take top priority with the new public protector, Busisiwe Mkwhebane, as it did with Thuli Madonsela. This is according to Dr Eugene Brink, political analyst at the Solidarity Research Institute.
14 Oct 2016

‘Shocking allegations levelled at Minister of Finance’

  “Ordinarily one does not comment on the merits of pending court cases. But we cannot stand by while untold damage is being done to the reputation and stability of our country following the shocking allegations leveled at the Minister of Finance and the theatrical manner in which they were broadcast earlier this week.”
14 Oct 2016

CMS releases annual report

The Council for Medical Schemes (CMS), regulator of the medical schemes industry, released its Annual Report for 2015-2016 today (14 October), which includes the most comprehensive report on the private medical schemes industry in South Africa.

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