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Industry News

07 Sep 2016

MMI is resilient in a tough environment

MMI Holdings announced its year-end results to 30 June 2016 in a very tough environment characterised by economic weakness, subdued markets and increased pressure on consumers’ disposable income.
07 Sep 2016

Next week is National Wills Week

As has become tradition over the past few years, members of the public will be able to have a basic will drafted by an attorney free of charge during National Wills Week from 12 to 16 September 2016. Attorneys’ firms throughout the country are participating in the National Wills Week project. ‘A valid will allows...
06 Sep 2016

Reputable financial advice can help grow your wealth

In the spirit of Financial Planning Week taking place between 5–12 September 2016, Thandi Ngwane, head of strategic markets at Allan Gray, discusses the important role that financial advice plays in wealth creation.
06 Sep 2016

SA GDP accelerates to 3.3% following a -1.2% contraction during first quarter of 2016

SA GDP rebounded strongly in the second quarter of 2016, accelerating by 3.3% q/q saar from a –1.2% contraction in the first quarter.
06 Sep 2016

Discovery posts robust performance

Discovery Limited today presented its annual financial results for the period ended 30 June 2016.
05 Sep 2016

Emira launches strategic venture with ONE to boost its rural retail investments

Emira Property Fund today announced it has joined forces with retail property specialists ONE Property Holdings to grow their retail assets together and create a larger low LSM retail portfolio. For this venture, Emira and ONE will launch a specialised fund by the name of Enyuka Property Fund. Enyuka is the Zulu word for ascend.
02 Sep 2016

ASISA comment on Futuregrowth announcement

The Association for Savings and Investment South Africa (ASISA) has taken note of the position taken by Futuregrowth Asset Management to suspend loans to six State Owned Enterprises (SEOs) until the governance and decision-making of these entities becomes more transparent.
02 Sep 2016

4AX becomes SA’s second licenced stock exchange

4 Africa Exchange (4AX) is pleased to announce it has been granted an exchange licence by the Financial Services Board (FSB) to become the next licenced exchange in South Africa – catering for companies who seek a listings alternative.
02 Sep 2016

Sanlam Private Wealth becomes the leading wealth management business in KZN

Sanlam Private Wealth (SPW), CEO Daniel Kriel, has announced the acquisition of Brackenham Investments by SPW with effect from 1 September 2016 – a move that makes SPW the leading wealth management business in KwaZulu-Natal.
01 Sep 2016

Don’t bet against equities

Market volatility and rising interest rates have spooked investors into allocating too great a weighting to their cash holdings, says Adriaan Pask, Chief Investment Officer, PSG Wealth.

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