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Industry News

08 Sep 2021

Travelling? What to know before you go

For many South Africans, travelling internationally has either been a distant memory, or nothing but a fantasy given the COVID-19 pandemic. But there is hope amidst the vaccine euphoria, ongoing easing of travel restrictions by countries such as the United Arab Emirates (UAE), France, Germany, and others, and soon SAA will take to the skies again. A recent announcement by the airline noted that ticket sales will go live from September 2021 for flights in South Africa and to key destinations across the continent.
08 Sep 2021

How to run a successful business in the age of digital disruption

Running a business in the current challenging economic environment requires a profound level of skill and is difficult under normal circumstances. Add in the rapid acceleration of digitisation and the complex working environment created by the onset of the pandemic, and the number of variables that business leaders need to consider has increased in rate and complexity.

08 Sep 2021

Life insurance: Know what you signed up for

Let’s face it: many of us don’t understand the details and terms of our life insurance policies. Apart from the fact that you could be insuring the wrong risks, the bigger problem with not understanding your cover is that you could end up being disappointed when you get to claim.
08 Sep 2021

Why you should review your life cover regularly

With September ushering in spring, there’s a feeling of renewal right now, almost like we are hitting the ‘Refresh’ button. It’s a time where bad winter habits are finally broken and we can start new routines that prioritise health. But what about the health of your finances? When it comes to money matters, we often find ourselves focusing only on the rands and cents coming in and going out every month. It’s important, though, that we also consider our finances in the long term, and this is where life insurance comes in.
07 Sep 2021

Economy grows by 1.2% in Q2

The South African economy grew by a better than expected 1.2% in the second quarter, having now grown for four consecutive quarters. The pace of growth in fact accelerated from 1.0% in the first quarter, which was revised lower from 1.1%. Although the economy is 19.3% larger than a year ago, having rebounded off a depressed base, overall economic activity is now only back to 2017 levels.
07 Sep 2021

BlackRock's Weekly Market Commentary: Spotlight on Europe

Europe is in the spotlight this month, with a key European Central Bank (ECB) meeting and a pivotal German election that could have significant medium-term implications for the fiscal stance of Europe’s largest economy. We see the ECB’s forecast revisions reaffirming inflation will likely stay below target in the medium term, requiring further policy support.

07 Sep 2021

SARS’ role in the criminal justice system

SARS is mandated through legislation to conduct a criminal investigation if it suspects tax fraud. Once it has been finalised, they register a formal complaint with the South African Police Services. This initiates the criminal justice process. A case docket is then forwarded to the National Prosecuting Authority (NPA), where their Special Tax Unit prosecutors decide whether to commence prosecution and issue the taxpayer with a summons to appear in court.
07 Sep 2021

New acting CEO appointed by Access Bank SA

Access Bank today announced the resignation of Bennie van Rooy as the Chief Executive Officer of Access Bank South Africa. Van Rooy stepped down to pursue other career opportunities with effect from 1 September 2021. The Board is appreciative of Bennie’s significant contribution to Grobank Limited and to ensuring a smooth transition to Access Bank South Africa.
07 Sep 2021

Diversity is the low hanging fruit in investing

We all get swept up with the marvels of the technical details and marketing campaigns of the investments industry. Money never sleeps, and so news reports are filled with details on the percentage moves in different indices and assets, and we're bombarded by fund managers telling us why their fund is the best.
07 Sep 2021

Most investors stay the course with their asset allocation

Mercer’s latest Asset Allocation Insights 2021 report showed that most investors stayed the course with their asset allocation, even amid heightened volatility and uncertainty over the last year. For international investors, foreign equities now represent 51% of aggregate equity allocations, the first survey in which exposure outside of investors’ home markets tipped over the midpoint.

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