MoneyMarketing

Industry News

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.
01 Sep 2016

Atradius to acquire 25% equity stake in CGIC to cement strategic partnership

In March 2016, the Financial Services Board approved Mutual & Federal’s transaction to acquire 100% of the issued shares in Credit Guarantee Insurance Corporation of Africa Ltd (CGIC). This confirmed CGIC as a core asset within Mutual & Federal’s portfolio of insurance businesses.
01 Sep 2016

CoreShares launches smart beta unit trusts

CoreShares today announced the launch of four new, low cost, unit trusts to the South African market. CoreShares is already well known within the Exchange Traded Funds (ETF) market, where its ETFs are traded on the Johannesburg Stock Exchange. These new funds will be specifically targeted at the financial advisor market and linked investment service...
31 Aug 2016

FSB commends retirement fund trustees

The Financial Services Board (FSB) has commended the efforts of the South African Retirement Funds Industry in ensuring that fund trustees are better equipped to discharge their responsibilities.
31 Aug 2016

Africa’s Ultra High Net-Worth Individuals plan to increase contribution to philanthropy

Africa’s 2620 Ultra High Net-Worth Individuals – with a collective value of US$200bn in assets – plan to increase their contribution to philanthropy in 2016.
30 Aug 2016

The sad house

My husband and I have done a bit of house-hunting over the last few weeks.  While we’re looking for more space to accommodate my husband’s hobbies (collecting cars and motorbikes) and my book collection, we’re taking our time about moving house. During our outings with realtors to look at various properties, we’ve seen some sad...
30 Aug 2016

Businesses urged “to do more” at Cape Town charity event

Western Cape Premier Helen Zille has urged the Cape Town business community to follow the example of deVere Acuma “to do more” to help charity at an event attended by Democratic Alliance Leader Mmusi Maimane, Minister Alan Winde, The FW de Klerk Foundation and other dignitaries.
30 Aug 2016

7 top insurance saving tips for small and medium enterprises

With South Africa’s bleak economic forecast of a gross domestic product (GDP) growth rate of 0.5% for the remainder of 2016, small, medium and macro enterprises (SMMEs) may face tremendous financial pressure. In light of this, SMME’s may need to review their budgets and cut out unnecessary expenses. According to Colin van Zyl, Commercial Accounts...

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