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Industry News

22 Sep 2021

Should investors remain optimistic about the outlook for global equities?

Investors in global equity markets have experienced a roller-coaster ride over the last year and a half. Stocks crashed at a record pace in March 2020, followed by a sharp rebound on the back of unparalleled fiscal and monetary responses from central banks across the world.
22 Sep 2021

FSP warned to adhere to treating customers fairly principles

Financial services provider Old Mutual has been given a severe dressing down by the Pension Funds Adjudicator for conduct unbecoming of what customers expect to experience from financial institutions entrusted with their retirement savings.
22 Sep 2021

Absa Group to implement second significant B-BBEE transaction

Financial services provider, Absa Group Limited, plans to implement a second significant broad-based black economic empowerment (B-BBEE) transaction as part of its broader efforts to achieve transformation in a meaningful and sustainable way.
22 Sep 2021

The demand for custom indexing

Quant technologies provider SigTech says because the current equity bull market has coincided with an exponential rise of indexing, a significant part of inflows into funds and ETFs over the last decade have been allocated to market capitalisation-weighted (MCAP) indices. This has created, often unintentionally, risk issues for many investors, such as over-exposure to regions and sectors – in particular the US, technology, communications services and consumer sectors.

22 Sep 2021

How do we fix our failing country?

South Africa is in trouble. No matter what your political or ethical persuasion – this much is abundantly clear. And if some of the opinions expressed lately by prominent economists are anything to go by, many are losing faith in whether we can still turn around a downward economic trajectory. But before we make up our minds either way, it is important to first face a truth that lies at the core of it all.
22 Sep 2021

What can SA’s financial and economic heritage tell us about our future?

September is Heritage Month in South Africa. As a diverse but also divided society, building a shared view of our heritage is very much a work in process. Nonetheless, all South Africans have an interest in sharing in a more prosperous economy with more jobs and less poverty.
22 Sep 2021

The triple-benefit of renewables in addressing climate change

The transition from fossil fuel to renewable energy will positively impact South Africa in several beneficial ways, including reducing carbon emissions, building a secure and abundant electricity supply, and creating millions of direct and indirect jobs.

22 Sep 2021

Transformation in SA asset management continues

“The financial sector has repeatedly been called out by the B-BBEE Commission for its slow pace of transformation relative to other economic sectors., ays Transformation Action Forum Chairperson, Joe Letswalo.
21 Sep 2021

BlackRock's Weekly Market Commentary: Debt ceiling showdown redux

The U.S. needs to soon raise a self-imposed federal debt limit, or the “debt ceiling”, to avoid a debt default. We don’t see fundamental risks from the debt ceiling showdown – with a low risk of technical default and limited chance of a temporary government shutdown. Yet the twists and turns could trigger jitters in markets that have had an extended run higher. Still, we favor looking through any volatility and stay pro-risk over the next six to 12 months.
21 Sep 2021

SARS issues audit requests upon ceasing tax residency

There is an alarming number of South African expatriates relying on the ‘tick-box’ approach to cease their tax residency. Alternatively, others assume that they are no longer tax residents because they reside outside South Africa or do not maintain assets in South Africa. These misconceptions flow from the shady advice that expatriates continue to receive.

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