MoneyMarketing

Industry News

07 Apr 2016

SA’s insurers are having to break away from ‘business as usual’ - PwC

Despite a challenging operating and economic landscape, South Africa’s major insurers produced a positive set of results for the year ended 31 December 2015.
07 Apr 2016

Why inflation targeting is necessary

In this article, Carl Roothman, Sanlam Investments CE of retail business shows that Inflation targeting, though often criticised for stunting economic growth, is very necessary to create price stability which is a requirement for long-term economic growth. High inflation is detrimental to economic growth. It attracts investment to non-productive assets and discourages saving; consumers are...
07 Apr 2016

Going international: insights into business practices leading to tax woes

With more and more small- to medium-sized companies operating across borders, many are falling victim to increasingly complex international tax rules. Roxanna Nyiri, National Head of Transfer Pricing and International Tax at BDO South Africa, gives an insight into the various practices affecting South African entities doing business abroad.
06 Apr 2016

S&P economists revise downward forecast for SA 2016 growth

Economists at ratings agency Standard & Poor’s say a range of adverse global and domestic factors continue to weaken South Africa’s macroeconomic outlook.
04 Apr 2016

Curator of African Bank announces launch of Good Bank

The Curator of African Bank, Tom Winterboer, is pleased to announce that, following the completion of the exchange offer process, the Good Bank, renamed African Bank Limited, was launched on 4 April 2016. This is a significant achievement in the delivery of the African Bank restructuring.
04 Apr 2016

Absa Life receives regulatory approval to acquire direct life insurer Instant Life

Absa Life is pleased to announce that it has been granted the necessary regulatory approvals, including approval from the South African Reserve Bank, to acquire a controlling interest in the direct life insurer Instant Life. This includes meeting all other conditions customary for a transaction of this nature.
01 Apr 2016

South Africa, we made it!

SARS announces the preliminary outcome of revenue collection – ‘outperforming’ the economy. Read SARS’ full statement here.
01 Apr 2016

Tax revenues marginally more resilient than anticipated

Between the 2015 and 2016 budgets, projected tax revenue for 2015/16 was revised down by R12 billion. However, tax revenues have been marginally more resilient than government had anticipated.
31 Mar 2016

Innovative solutions to address realities facing pensioners in retirement

The global economy continues to experience a lot of volatility, with previously bullish markets such as China slowing down on their growth.
30 Mar 2016

Risks facing businesses on the rise

Business decision makers’ / executives’ / owners’ main objective is to satisfy clients’ needs and deliver on company promises. In order to do so effectively, a company needs to operate efficiently at all times. However, with companies increasingly facing a growing number of risks, both anticipated and uncontrollable, decision makers are taking strain and businesses...

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za