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Industry News

08 Oct 2015

Life insurance fraud and dishonesty hits record high

South African life insurers reported a steep increase in the number of fraudulent and dishonest long-term insurance claims detected in 2014. Last year 8 306 cases were uncovered compared to 4 690 in 2013.
30 Sep 2015

Significant number of ‘lost’ policyholders and beneficiaries traced

Life insurers have reunited 431 364 policyholders and beneficiaries with their unclaimed benefits since the implementation in June 2013 of the ASISA Standard on Unclaimed Assets.
28 Sep 2015

Is it time to buy VW shares?

It’s only natural that some will view Volkswagen’s share plunge as a buying opportunity. Unless you’re living in another universe, you’ll know by now that the car manufacturer has been caught trying to fool US regulators into thinking that emissions from its diesel cars were lower than they actually were. (What the manufacturer did was...
23 Sep 2015

Managing your cash

Cash is often the asset class that earns the least respect and attention from businesses and individual investors, says Lyle Sankar, Analyst, PSG Asset Management.
23 Sep 2015

Are American workers financially confident?

The 2015 LifeCare/FPA Financial Confidence of American Workers Survey – released this month – finds that day-to-day finances are having a drain on workers’ ability to plan for the long-term. It also reveals that workers are confident for the short-term and less confident about the long-term. While savings is a key area of confidence, it’s...
15 Sep 2015

SA’s current account improves

South Africa’s current account deficit eased to 3.1 percent of GDP in the second quarter of this year from a shortfall of 4.7 percent in the first quarter of 2015, the SA Reserve Bank (SARB) announced in its latest quarterly bulletin. This was a surprise to analysts who had forecast a 4 percent gap.
15 Sep 2015

Investors given access to 2 international equity products

Absa Active Asset Management says its recently announced partnership with UK-based Schroders will now give local investors access to the Global Recovery Fund by the end of November, giving them a wider choice and access to global equities. This is in addition to the Global Core Equity Fund launched last month by the two firms.
09 Sep 2015

Pressure on consumers may drive SA into recession

A report released by the Institute of Race Relations (IRR) has warned that South African consumers are under growing economic pressure and that this may further dampen the country’s economic outlook.  Consumer spending plays a pivotal role in the economy with household consumption expenditure being equivalent to over 60% of GDP.  
07 Sep 2015

Salaries of NW ghost workers dwarf Nkandla

The cost of the salaries paid in one month to the 36 000 ghost workers in Northwest Province is approximately 3,5 times more than the money that has been spent up to now on Pres. Jacob Zuma’s Nkandla home, trade union Solidarity said last week.  
07 Sep 2015

Understanding cash as an asset class in investing

In the context of unit trusts, cash is a broad term referring to a large group of yielding instruments that provide short-term liquidity and have a maturity of 12 months or less. There are, however, various types of instruments that could be regarded as cash and it’s important to understand just what these are, as...

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