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Industry News

29 Sep 2021

Sasfin Wealth wins Top Advice Broker at SA's Top Securities Brokers Awards

For the second year in a row, Sasfin Wealth has topped the rankings at the Intellidex Top Securities Brokers Awards, retaining its title as the Top Advice Broker in South Africa as well as placing in the Top 5 in the People's Choice Award. Once again, Helen Haworth enjoyed a well-deserved spotlight, ranking in the Top 3 in the Individual Stockbroker Award.
29 Sep 2021

Insuring a lavishly landscaped garden

During the month of September, many homeowners flock outdoors to enjoy the start of Spring; this may even result in a purchase of a plant or two for one’s garden. But if you are super rich, your love for the outdoors may culminate into spend of anything between R500 000 and R1 million on a single tree for your property.
29 Sep 2021

Affordability remains key influencer for private healthcare consumers

With National Treasury forecasting a decelerated growth of 2.2% in 2022, affordability is set to remain the key influencer for private healthcare consumers in the coming year, particularly when it comes to monthly contributions payable towards medical scheme membership. This, says Josua Joubert, CEO and Principal Officer of CompCare Medical Scheme, is indicated in the sustained trend towards affordability as a primary concern in medical scheme selection but notes that this alone is not a strong enough qualifier.
29 Sep 2021

Insurance for seniors: Match your premium to your life stage

They say that the one constant in life is change, and this is certainly true for anyone entering their senior years. Suddenly you may find yourself working less, enjoying your hard-earned money more and spending your time on more relaxing pursuits. However, lifestyle is not the only thing that evolves as you enter into your next life stage. As your health and financial needs start to change, so do your risks and insurance requirements.
29 Sep 2021

Rebuilding your finances after the pandemic

Recently there was a post which said, “We’re now on day 480 of a 15-day lockdown.” Injecting a bit of humour is something South Africans are good at, even in this dreadful situation that we never imagined would carry on like this. Indeed, it has been a long 18 months. From rolling lockdowns to the recent looting and civil unrest, the past year-and-a-half has dealt South Africans a series of financial blows – enough to throw even the most financially disciplined off-track.

28 Sep 2021

BlackRock's Weekly Market Commentary: Why we stay pro-risk

Markets have been jittery amid focus on China’s regulatory clampdown and the prospect of the Federal Reserve tapering its asset purchases. We believe the path for further gains in risk assets has narrowed after an extended run higher, warranting a selective approach, but we reaffirm our tactical pro-risk stance. In the context of very small client allocations to Chinese assets, we are dipping our toes in the asset class by shifting our view to a modest overweight.
28 Sep 2021

Thematic investing can better position portfolios for the future

The South African equity market, which represents less than 1% of the global equity market, does not offer much exposure to current global megatrends, so the new Discovery Global Megatrends Fund is an option for unlocking these opportunities and for providing diversification in portfolios.

28 Sep 2021

How having a financial plan can help digital nomads

People are becoming digital nomads as a result of the pandemic, earning a living working online in various locations around the globe. Previously a privilege afforded to relatively few, 2020 ushered in a new era in which working remotely has become commonplace.

28 Sep 2021

Understanding the psychology of money

Investing is not the study of finance. It is the study of how people behave with money. So said Morgan Housel, a behavioural finance expert based in the USA, at the recently held Allan Gray Investment Summit. This virtual event brought together local and international investment managers and other finance experts to share their perspectives on how to make sense of the current environment and invest for the future.
28 Sep 2021

Hosmed Medical Scheme and Sizwe Medical Fund merger approved

The Council for Medical Schemes has given its stamp of approval to the merger of Hosmed Medical Scheme and Sizwe Medical Fund, creating South Africa’s eighth-largest open medical scheme, marking the beginning of a revolution in South Africa’s medical scheme industry. The merger brings together Sizwe’s 46 900 membership with Hosmed’s 21 000, according to these membership numbers, the merged entity becomes the 8th largest medical scheme in the country with the fourth-highest solvency ratio of the top ten largest medical schemes.

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