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Industry News

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.
21 Sep 2021

A checklist for retrenchment readiness

Your health may not be the first thing you think about after being retrenched, but looking after yourself will give you a better chance of coping. Scientists emphasise the importance of seven to eight hours of good quality sleep each night for good health, and if you’re feeling stressed or worried, your sleep could be affected, leading to ill health.

21 Sep 2021

Agile Capital: Funding management buyout opportunities

Recent events have given rise to opportunities for some organisations to dispose of select non-core assets, this means that there are real prospects for entrepreneurial management teams to leverage PE to finance management buy-outs (MBOs).
20 Sep 2021

Market fears on Fed tapering could be overshadowed by geopolitical issues

Global financial markets might have a mild ‘taper tantrum’ this week following the Fed’s announcement, but there are bigger issues afoot that could spook them more significantly, warns Nigel Green, chief executive and founder of deVere Group. The warning comes as the U.S. Federal Reserve is expected this week to make bold signals on plans to begin bringing to halt the pandemic-era stimulus as early as November.
20 Sep 2021

What happens when you print money?

Money printing has been around for some time – since the GFC – but what we have seen is a massive acceleration since the Covid pandemic. Coupled with massive fiscal spending by governments, this is having a concerning inflationary effect on financial assets, consumer behaviour and government debt.
20 Sep 2021

A ‘turbulent but encouraging’ year ahead for SA’s private equity industry

The SAVCA 2021 Private Equity Industry Survey showed a marked decrease in fundraising, with an almost 22.1% decrease in the total value of funds raised. However, this was still higher than the 2016-2018 period – an encouraging finding and an indication of a possible rebound for the South African market.

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