MoneyMarketing

Industry News

02 Mar 2016

Being first isn’t always best

South African organisations reported a considerably higher frequency in the incidence of economic crime in comparison to their African and global peers, with more than two in three organisations (69%) indicating that they had been victim to economic crime in the last 24 months, according to PwC’s biennial Global Economic Crime Survey issued this week. Louis...
02 Mar 2016

Rand plays havoc with insured values

Businesses that procure equipment or supplies from international markets are at risk of significant losses if they have not reviewed the impact of the falling Rand on the insured value of their property and assets.  In the last year, the cost to replace machinery or equipment procured in the US and Europe has rallied by...
02 Mar 2016

Bankruptcy in agricultural sector on the increase

It is expected that the number of South African companies filing for bankruptcy during the first quarter of this year will increase by 53% from 119 to 182, most of these being in the agricultural sector.  This is according to Werner Gerber, an Audit Manager at BDO South Africa. The recent drought throughout South Africa...
01 Mar 2016

Electricity tariff increase of 9.4% not acceptable - OUTA

OUTA will request the full written reasons for NERSA’s decision to approve a 9.4% tariff increase, over and above the previous year’s 12.69% increase, for Eskom for the 2016/2017 year. The organisation believes this increase is too lenient towards Eskom and allows the bill for various inefficiencies within Eskom to be passed onto consumers.
01 Mar 2016

Income and pensions still beat inflation, for now

While the South African economic outlook for 2016 is bearish, banked incomes are still telling a positive story.
29 Feb 2016

The implications of Budget 2016 for investors

Carl Roothman, chief executive of retail business at Sanlam Investments examines what Budget 2016 means for investors.
29 Feb 2016

5 Key Budget 2016 highlights you might have missed

Rob Cooper, Tax expert and Director of Legislation and Proposed Legislation at Sage HR & Payroll comments on Budget 2016.
26 Feb 2016

What really matters to advisers in 2016?

Research for the annual South African Investment Panorama (SAIP), the flagship publication in this country of specialist research consultancy, Insight Discovery, is under way.
25 Feb 2016

Why is this insurance giant contemplating an SA exit?

Over the past few days a story has emerged of a giant global insurance brand re-thinking its role in South Africa and Africa.
25 Feb 2016

Budget strikes good balance, however needs further unpacking: SAIPA

The South African Institute of Professional Accountants (SAIPA) has welcomed the focus on austerity in the 2016 budget tabled today in Parliament by the Minister of Finance, Pravin Gordhan. However, adds Ettiene Retief, chairperson of the National Tax and SARS Stakeholders Committees at SAIPA, the budget is weakened by a lack of clear targets and...

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