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Industry News

14 Oct 2021

African markets are still innovating amid liquidity struggles

Innovations in sustainable finance and digital transformation, alongside important initiatives in transparency and regulation, will help reinvigorate Africa’s financial markets as they recover from the impact of Covid-19, according to research in the latest African Financial Markets Index from Absa and OMFIF.
14 Oct 2021

Reassessing our love of cash

It is easy to forget how much the investment landscape has changed since the Covid-19 pandemic has made its presence felt. We have certainly seen (and continue to experience) extraordinary times. To understand how profoundly things have changed, it helps to consider what investors would have seen when looking back from 31 August each year, over the past three years, for various reporting periods.

13 Oct 2021

Time for IFAs to put income protection at top of the agenda

Too few clients understand the value of insuring their income before anything else, which means many individuals are left unable to take care of themselves and their loved ones when they experience injury or fall ill during their working lives, says Leza Wells, chief product actuary at life insurer FMI (a division of Bidvest Life Ltd).
13 Oct 2021

Global energy crisis is a wake-up call for investors

The deepening global energy crisis underscores for investors the undeniable value, necessity and rewards of sustainable investing, says Nigel Green, chief executive and founder of deVere Group, as consumers around the world face surging energy prices due to rising demand as economies recover following the pandemic.
13 Oct 2021

Sanlam Investments private equity arm angles investment process to ESG

A South African private equity firm is using environmental, social and governance (ESG) factors as a critical deal filter, applying the ESG lens from the very start of the transaction through to ongoing management practices and eventual sale. In fact, Sanlam Investments says its private equity arm has angled its investment process so tightly towards ESG that it literally 'can't do a deal unless the company ticks all the ESG boxes'.

13 Oct 2021

Investors ready to support the drive to net zero

Ninety One has published the second edition of the Planetary Pulse survey, Investing for a Carbon Free World: What Investors Want. The survey of more than 6000 individual investors across ten markets (UK, Germany, Italy, Denmark, Sweden, South Africa, Singapore, Hong Kong, US, and Canada) found that investors are ready to support the drive to net zero, with half stating that asset managers should use their influence as shareholders in carbon-heavy companies to help facilitate the reduction in carbon emissions. This suggests that investors are ready to use their wealth and influence to invest in sustainable solutions which assist in the drive to reach net zero.
12 Oct 2021

BlackRock's Weekly Market Commentary: Debt ceiling spat takes a breather

We still see a low risk of technical default by the U.S. and expect the debt ceiling debacle to ultimately resolve. The broadening economic restart keeps us tactically pro-risk, yet we see a narrowing path for risk assets to push higher and markets more prone to temporary pullbacks. Key events toward the year end, including the lapse of the temporary debt ceiling rise, could potentially trigger market volatility. We favor looking through market jitters against the backdrop of the restart.
12 Oct 2021

New generation solutions breathe new life into SA retirement industry

While annuity solutions have been the primary source of retirement income for South Africans for decades, they tend to receive criticism for not keeping up with the evolving retirement landscape. Yet the local annuity market has undergone considerable change in recent years to address the increased risks faced by retirees and to cater for their individual needs.
12 Oct 2021

Janus Henderson Investors extends global footprint to SA

Janus Henderson Investors is pleased to announce that it has partnered with Denker Investment Services to offer three funds in South Africa. Denker Investment Services is the distribution arm of Denker Capital, a leading Cape Town-based independent investment manager, specialising in both local and offshore equities. Nigel Barnes, Head of Sales at Denker, will be responsible for introducing Janus Henderson’s newly registered funds to the South African market.
12 Oct 2021

‘Two-bucket system’ could triple future pensions, actuarial model shows

Actuarial modelling by the Retirement Matters Committee of the Actuarial Society of South Africa (ASSA) suggests that National Treasury’s ‘two-bucket’ proposal is likely to result in significantly higher monthly retirement income for pensioners by allowing future retirement savings to benefit from the power of compounding.

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