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Industry News

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.
12 Oct 2021

The glitch in SA's new residency-based system

South Africa’s exchange control regime has relaxed considerably over the last few years, but the most recent amendments have created widespread confusion around the definition of non-residency for exchange control purposes. In particular: When is a person non-resident for exchange control in South Africa? How do they cease to be resident for exchange control purposes? And what does all this mean?
12 Oct 2021

Listed markets to deliver impact as Africa awaits capital windfall

Asset managers will have to focus on both listed and private market opportunities in the impact investment space for Africa to fully benefit from the predicted five-fold increase in capital flows to the continent over the next few years. “This increase in capital flows to Africa in coming years will have a catalytic effect on the trajectory of Africa’s growth path,” said Trevor Manuel, Chairperson of Old Mutual Limited, adding that the youth dimension of the continent represented the strongest opportunity anywhere in the world right now.

12 Oct 2021

Local market ‘still good value’ in volatile times

The South African market continues to provide excellent opportunities for the savvy investor, even at a time when many local investors are questioning whether they should remain invested in local equities or look offshore. That was one of the strong messages to emerge from the digital Morningstar Investment Conference last week, with a lively panel discussion around S.A. vs Global Equities, one of several highlights of the conference.

11 Oct 2021

BCI declines in September: SACCI

In September 2021, the Business Confidence Index (BCI) declined to 91.0 after registering a highest level so far this year of 97.0 in May, the SA Chamber of Commerce and Industry (SACCI) said in a statement today.
11 Oct 2021

Futuregrowth’s Community Property Fund acquires two retail properties in KZN

The Futuregrowth Community Property Fund (Comprop) has acquired two prime shopping centres, King Senzangakhona Shopping Centre and Murchison Mall, from two listed REITs. These acquisitions bring the Comprop portfolio to 22 shopping centres.
11 Oct 2021

Local legal financier raises over R145m for commercial litigants

Taurus Fund One raised by Taurus Capital is a litigation fund available for high value commercial litigation matters in South Africa. The availability of the funds provides a war-chest to litigants which can be used to bolster the quality and experience of the legal team and experts, if required.

11 Oct 2021

Ransomware Defence to address cyber insurability challenges

Global professional services firm, Aon, has announced the launch of a new offering aimed at increasing the resilience of businesses in EMEA and the UK and by addressing cyber insurability challenges. Insurers are experiencing mounting losses, largely driven by the proliferation of ransomware, with the frequency of events up nearly 500 per cent since 2018.

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