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Industry News

20 Jul 2016

Treasury publishes revised Special Voluntary Disclosure Programme in respect of offshore assets

The National Treasury and South African Revenue Service (SARS) today published the revised 2016 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Amendment Bill and 2016 Draft Rates and Monetary Amounts and Amendment of Revenue Laws (Administration) Bill.
20 Jul 2016

MPC expected to be more tolerant of CPI breach

When the SA Reserve Bank announces its decision on rates tomorrow, the Monetary Policy Committee is expected to be more tolerant of CPI breach, writes Jason Muscat, FNB Senior Industry Analyst.
20 Jul 2016

Recovery in precious metal prices is ‘at early stages’

In just nine months, the Investec Value strategy, managed by John Biccard, recovered approximately 90% of its underperformance versus the All Share Index over the four years from September 2011 to September 2015. This recovery is due to the thorough work done on the world’s debt position and the consequences thereof and the courage of...
20 Jul 2016

Avoid the consequences of not saving

With July being Savings Month, South Africans are encouraged to think about how much they save and to re-evaluate their long-term financial goals. Scare tactics seldom work but the truth is that without adequate savings your future will look bleak, says John Manyike, head of Financial Education at Old Mutual.
19 Jul 2016

How reliable are the eNCA/Ipsos polls?

Ahead of the municipal elections on 3 August, eNCA has partnered with Ipsos to measure voter sentiment in Nelson Mandela Bay, Tshwane and Johannesburg.  The SA Communist Party recently voiced its concerns about these polls, insisting that the sampling method used was not accurate.
19 Jul 2016

Investec structured product yielding AUD 54% re-opens for investment

Investec’s International Titans Basket Limited has, over the past 5.4 years, delivered approximately AUD 54% (ZAR 141%) in returns. It has done this without putting any of investors’ capital at risk.
19 Jul 2016

So you think you’re saving on insurance? Three myths busted

With July being National Savings Month, it’s a time to reflect on your budget looking at where you are spending and where you could save more. Thinking you can cut costs on your insurance, however, is a potentially common misconception.
19 Jul 2016

Momentum / Unisa Household Wealth Index released

Momentum, in collaboration with the University of South Africa (Unisa), has released the South African Household Wealth Index for the 1st quarter of 2016 – which indicates that the value of households’ real net wealth increased during Q1 2016 despite contracting economic growth.
18 Jul 2016

Rising uncertainty after ‘Brexit’: economist

In this article, economist at Argon Asset Management, Thabi Leoka, looks at a post-‘Brexit’ world. Following the UK’s decision to leave the European Union, uncertainty in the global economy has not abated.  Actually, since Brexit, the financial world has become very unbelievably fascinating.
15 Jul 2016

How to build your wealth in tough economic times

Households are facing tough times as rising costs are stretching already thin wallets, but now is not the time to take desperate measures such as entering ‘get rich quick’ schemes. Instead, the real secret to building wealth lies in your everyday spending decisions and financial habits, says the Association for Savings and Investments South Africa...

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