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Industry News

11 Oct 2016

Gordhan summons has serious economic consequences

The NPA decision today to issue a summons for the arrest of Finance Minister Pravin Gordhan on fraud charges inevitably has serious economic and business consequences for SA, some of which have already become immediately apparent in the financial markets.
10 Oct 2016

Pound falls hard as Brexit looms

Dave Mohr & Izak Odendaal, Old Mutual Multi-Managers, give us their opinion on the British pound as well as on US non-farm payrolls.
10 Oct 2016

Liberty pleased with implementation of EAC measure

Liberty has successfully implemented the Effective Annual Cost (EAC) measure – a useful tool for customers and financial advisers to compare charges on investment products.
10 Oct 2016

What makes a successful asset manager?

Being successful in today’s ultra-competitive asset management environment is not about being a star manager over the short term. These days, what separates the good from the average manager is the use of sound principles that focus on the investment process over the long term, rather than the outcome. This is according to Peter Linley,...
10 Oct 2016

The pound is pounded but investors urged to avoid knee-jerk reactions

The pound might have been taking a pounding in recent days, but investors should avoid knee-jerk responses, warns a leading analyst at one of the world’s largest independent financial advisory organisations.
09 Oct 2016

MTPBS - make your voice count

The Medium Term Budget Policy Statement (MTPBS) will be presented against the backdrop of a sluggish economy, the looming threat of a possible negative view by independent rating agencies, fees must fall campaign as well as uncertainty in the global economic conditions. There is as usual a balancing act that must be struck to give...
09 Oct 2016

SA best country for debt management/sovereign bond issuance in Sub-Saharan Africa

Emerging Markets Newspaper, an affiliate of the IMF/World Bank Annual Meetings, named South Africa the Best country for Debt management/Sovereign Bond Issuance in Sub-Saharan Africa. This comes just after the World Bank also acknowledged SA’s excellence in debt dynamics/composition. Speaking after receiving the award in Washington, Anthony Julies, Deputy Director General-Assets and Liability Management at...
07 Oct 2016

DBSA announces Financing of 21 Renewable Energy Projects

The Development Bank of Southern Africa (DBSA) (www.DBSA.org) has financed 21 renewable energy projects since the launch of the Renewable Energy Independent Power Producer Procurement Programme (REIPP).
07 Oct 2016

Window for special voluntary disclosure of offshore assets has opened

The window period for the Special Voluntary Disclosure Programme (SVDP) offered by SARS to South African taxpayers for the disclosure of offshore assets has started and the clock is ticking.
06 Oct 2016

Double digit growth for PSG Konsult at interims

For the six months ended 31 August 2016, PSG Konsult (KST) delivered a commendable 13% growth in recurring headline earnings per share to 16.6 cents (2015: 14.7 cents per share) over the previous interim period, and declared a gross interim dividend of 5.1 cents per share, a 16% improvement over 2015’s 4.4 cents per share.

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