MoneyMarketing

Industry News

14 Dec 2015

Pravin Gordhan assures markets and investors

The new finance minister Pravin Gordhan held his first press conference since his re-appointment on Monday.  (He previously held the portfolio for five years between 2009 and 2014).
14 Dec 2015

Pravin Gordhan’s enormous task

Last night, President Jacob Zuma reappointed Pravin Gordhan as finance minister. This was a result of mayhem in the markets, due to Zuma’s earlier firing of Nhlanhla Nene and appointment of a little-known David van Rooyen to head the Treasury. Van Rooyen was finance minister for only four days and has now been moved to...
11 Dec 2015

Three companies accredited as FPI Approved Professional Practice™ firms

In a recent announcement by the Financial Planning Institute of Southern Africa (FPI), Independent Wealth Managers, BDO Wealth Advisers and Private Client Holdings have been accredited as the FPI Approved Professional Practice™ firms, for meeting the high professional financial standards set by FPI.
10 Dec 2015

No positive reaction to Van Rooyen’s appointment

  If there has been even a teeny-weeny bit of positive reaction to the appointment of David Van Rooyen as SA’s Minister of Finance, MoneyMarketing hasn’t seen or heard it.
09 Dec 2015

Business interruption on the rise

Collapsed buildings, damaged factories or destroyed shipping containers: Whenever natural catastrophes or man-made disasters strike, the physical damage is often devastating for companies. However, the less obvious economic impact from business interruption (BI) is often much higher than the cost of the actual physical damage, and presents a growing risk to businesses operating in an...
09 Dec 2015

Ashburton Investments buys Atlantic Asset Management

Ashburton Investments this week announced that it will acquire 100% of boutique Cape Town fixed income asset manager Atlantic Asset Management.  Ashburton Investments’ CEO Boshoff Grobler explains the significance of the deal.
09 Dec 2015

2015: A tough year

Carl Roothman, CE of Retail, Sanlam Investments describes 2015 as “an eventful year in the markets,” with investors being reminded by Greece and China how quickly seemingly calm seas can turn choppy and how swiftly currencies can stumble.
09 Dec 2015

How to fund your retirement when self-employed

South Africa’s drive to create more entrepreneurs is likely to increase the number of people who are self-employed and such individuals need to be aware of efficient ways to safeguard or fund their retirement.
08 Dec 2015

SA investors increase amount sent offshore

According to the SA Reserve Bank (SARB)’s Quarterly Bulletin December 2015 released today, portfolio investment abroad by South African investors increased notably from R10,0 billion in the second quarter of 2015 to R24,2 billion in the third quarter of 2015.
07 Dec 2015

SA on the lowest investment grade rung

MMI Holdings’ Sanisha Packirisamy (Economist), and Herman van Papendorp (Head of macro research), give their view on Friday’s Fitch and S&P ratings reviews:

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