MoneyMarketing

Industry News

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.
07 Sep 2021

Dawn of a new digital era for dispute resolution in SA

The unprecedented COVID-19 pandemic, and the consequent lockdown levels, affected every aspect of life as we knew it – and the legal fraternity was no exception. Despite courts being considered an essential service since the first Alert Level 4 lockdown in 2020, court processes in South Africa had to rapidly change and recalibrate to adapt to the so-called “new norm”. This was only made possible through the implementation of digital platforms.
07 Sep 2021

How the first, second and third coronavirus waves impacted the insurance industry

Insurance companies are now emerging from the third wave of COVID-19 that steamrolled through South Africa. According to Craig Baker, CEO of MiWayLife, the effects of the first and second waves were clearly evident. “Claims related to Covid spiked in June, July and August 2020. Although these decreased a little once the first wave subsided, there was another significant rise in claims related to the disease in January, around the time of the second wave.
07 Sep 2021

STANLIB appoints new COO

STANLIB has appointed Barri Maggott, former CEO of Curo Fund Services, as its Chief Operating Officer from 1 September 2021. Maggott will assume responsibility for all STANLIB’s business units’ operations. Commenting on Maggott’s appointment, STANLIB CEO, Derrick Msibi said: “We are delighted that Barri is joining the STANLIB team. His background in transforming investment operations to a digital environment and maximising straight-through processing will be particularly beneficial as we continue to improve the overall client experience at STANLIB."
06 Sep 2021

Consumer confidence edges up despite riots and looting

Having slipped from -9 to -13 index points during the second quarter of 2021, the FNB/BER Consumer Confidence Index (CCI) recovered some lost ground to -10 in the third quarter of 2021. The fact that consumer sentiment did not deteriorate further on the back of the violent protests and rampant looting that tore through KwaZulu-Natal and Gauteng during July points to a level of resilience among consumers, and by extension consumer spending, during the third quarter of 2021.
06 Sep 2021

Sanlam Investments launches sustainable infrastructure fund

Sanlam Investments’ mission to become Africa’s premier sustainable and impact investor has been accelerated with the launch of the Sanlam Investments Sustainable Infrastructure Fund. The fund, which has launched with commitments of R500-million, plans to invest in local projects that drive economic growth, market development and job growth, with an emphasis on environmental sustainability. Stable, inflation-beating returns will be delivered to investors over the long term via an easy-to-access fund structure.
06 Sep 2021

Covid-19 highlights need for bigger push towards STEM education

The Covid-19 pandemic and the various stages of lockdown implemented to curb the spread of the virus had a profound effect on learners of school-going age. Since March 2020, institutions of learning have undergone dramatic change. While some made the transition towards remote learning, others employed a rotational learning system. Yet, others still simply had no immediate alternative to traditional classroom-based, face-to-face learning.
06 Sep 2021

Why the multi-manager fund model works

Even at the best of times, markets can be unpredictable. Sudden shifts and impact events aside, the entire market cycle in itself passes through different phases that make it virtually impossible for any single fund to unfailingly outperform in any single class or sector. No matter the individual manager style.

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