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Industry News

06 Oct 2021

How investors have rebuilt portfolios in 2021

“As we reflect on 2021 so far, we have identified three key themes where clients have sought our help in bringing them closer to their portfolio objectives: An increase in portfolio consultations related to ESG positioning, a rethink in fixed income allocations, and a more strategic approach to defining nominal versus inflation-linked bonds,” says Charlotte Tribley, Portfolio Consultant at BlackRock.
06 Oct 2021

Changing hands, changing currencies – SARB approval for cross-border transactions

In light of recent developments on the sides of both the South Africa Revenue Service (SARS) and the South African Reserve Bank (SARB), the regulatory burden for the cross-border flow of funds, resulting from transactions concluded between South African residents and foreign parties, has been significantly eased.
06 Oct 2021

Financial emigration: Should I stay, or should I go?

Whether working abroad or still hunting for jobs overseas, the possibility of a financial emigration always hits centre stage at some point. Tax is inherently complex, but once you start crossing borders it becomes an ever-changing calculation that can easily render void the benefits of earning a foreign income, which was possibly the reason why you chose to work abroad in the first place.
06 Oct 2021

Claim stats paint a picture of cardiovascular risk

Although COVID-19 has caused utter devastation for hundreds of millions of people across the world, we cannot forget that the risk of dying, becoming critically ill or being suddenly disabled can have an equally negative impact on our lives.
06 Oct 2021

How responsible are medical schemes’ funding models for next year?

All bets are off when it comes to predicting health costs in unprecedented times. Overly optimistic projections for the future of the pandemic and pricing models that medical scheme members will ultimately pay for, one way or another, could place the health funding industry in jeopardy, expert panellists warned at the Agility Quarterly Health Review discussion on Monday.
05 Oct 2021

BlackRock's Weekly Market Commentary: Putting the yield spike in perspective

The recent jump in U.S. Treasury yields has spooked investors. Not all yield rises are the same. Yields driven up by rising policy rate expectations may harm equity valuations. We see the recent yield spike as partially correcting the disconnect between the powerful restart and falling yields that had led to an overly compressed term premium.
05 Oct 2021

Sanlam and Absa to combine investment management businesses in SA

Sanlam, Africa’s largest non-banking financial services group, and Absa, one of Africa’s largest diversified financial services groups, today announced that they have reached agreement to combine their investment management businesses in a transaction which will result in an asset management company with assets under management, administration and advice in excess of R1 trillion.
05 Oct 2021

Insurers can bridge the relationship gap by focusing on digital customer communication

Traditional insurers have never faced as much competition for their customers’ attention as they do now. A whole litany of tech-centric start-ups are coming for their lunch and they’re doing so by making life much simpler for customers. In order to remain competitive, therefore, insurers need to focus on building stronger relationships with customers.
05 Oct 2021

Raining on climate change's parade

From the Caribbean to the Far East, the increasing intensity of extreme weather events has once again thrust climate change to the forefront of public discussion. Just weeks ago, Hurricane Ida completely wrecked Louisiana’s electricity grid in the US, while both Greece and Siberia have struggled to contain wildfires that have had a crippling effect on their local infrastructure.

05 Oct 2021

September storm: Inflation, Chinese property, and the US debt ceiling

Every once in a while, investors collectively decide that risks that were lurking in the background are now worth paying attention to. When that happens markets can endure serious wobbles. This is pretty much September’s story, when a perfect storm of three risks suddenly loomed larger than before: inflation (and interest rates), Chinese property, and the US debt ceiling.

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