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Industry News

02 Sep 2021

Accessing retirement savings before retiring like stepping into quicksand

The recent announcement that the government is looking at ways to allow people to access their retirement savings in an emergency as from next year may have given many people hope that their financial woes are about to end.
01 Sep 2021

Green Paper on Social Security and Retirement Reforms withdrawn

The Department of Social Development announced last night that it had withdrawn the Green Paper on Comprehensive Social Security and Retirement Reforms. "The decision to withdraw the Green Paper which was Gazetted on 18 August 2021 in the Government Gazette No. 45006, volume No. 674, is to provide better clarity on some of the matters entailed in the paper," the department says.
01 Sep 2021

Absa PMI rebounds in August

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rebounded in August 2021 following a record single-month decline in July. The August PMI performed better than last month’s steep decline and rose to 57.9 points from a very low 43.5 points in July. In comparison, the PMI stood at 57.4 in June. A normalisation of demand and output for businesses affected by July’s looting and further boost from less strict lockdown restrictions meant that a recovery was always on the cards given that the survey tracks month-on-month movements in business conditions.
01 Sep 2021

September is Wills Month – Here’s what you need to know

The last few months have been nothing short of a whirlwind of unprecedented events for our country. As a nation we have had to navigate another level 4 lockdown and watch helplessly as friends and family lose their assets and experience the stresses associated with the recent destructive riots. We’re a unique nation, though, and our tenacity and determination to keep the spirit of Ubuntu alive, saw communities, individuals and corporates coming together to uplift those in dire need.
01 Sep 2021

Choosing the right gap cover for childhood illnesses

Childhood illnesses are part and parcel of parenting, from colds and other viruses to ear infections and respiratory diseases like croup. For the most part, these illnesses are mild, and while they may be distressing, do not cause lasting harm – either physically or financially. But the reality is that not all childhood illnesses are as innocuous.

01 Sep 2021

Providing solutions for every stage of a professional’s working life

While busy professionals are focused on their careers, they also need to grow their wealth and protect their incomes. At Liberty we know that they work hard for every cent they earn, and we believe that their efforts should be protected. We want to make their hard work count.
01 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.
01 Sep 2021

Preventing funeral cover fraud

If you discover that an insurance product such as funeral cover has been fraudulently taken out in your name, immediately notify your service provider to ensure the fraud is stopped. When fraudsters access your personal information, it can be used to take out a funeral policy, and then claim benefits on the policy using a fake death certificate and other supporting documentation.
31 Aug 2021

Survey shows impact of proposed retirement fund changes on South Africans abroad

The Expatriate Petition Group (EPG), who has an active membership of 15,000 South Africans abroad, recently conducted a survey to contextualise the proposed retirement fund changes from the perspective of South African expatriates, specifically in light of other recent legislative amendments.
31 Aug 2021

Citadel acquires Precept Wealth Solutions

Specialist wealth management company, Citadel has acquired a 100% stake in Precept Wealth Solutions (PWS), effective 1 August 2021. Acquisitions that add value to the company and its clients is an integral part of Citadel’s growth strategy. Citadel CEO, Andrew Möller, says, “This strategy has resulted in Citadel becoming one of the most influential leaders in the South African wealth management space.”

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