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Industry News

13 Aug 2021

Recreate your future, rethink retirement

Increased global longevity is giving us all more years of active health and possibly a longer retirement. According to the World Health Organisation (WHO), global life expectancy at birth has risen by six years. In South Africa, research from retirement income specialist Just SA shows that the average 60-year-old male will live to 82 and female a further five years.
13 Aug 2021

'Treasury's two-bucket system a responsible solution'

National Treasury released a media statement on 11 August, noting that government and other stakeholders are exploring a ‘two-bucket’ system to address retirement fund members’ conflicting needs for longer-term financial security and short-term financial relief:
12 Aug 2021

'Leaders must actively work towards achieving greater diversity and empowerment'

According to Besa Ruele, CEO of Hollard Life Solutions, leadership is a responsibility, and leaders must actively work towards achieving greater diversity and empowerment within their organisations. A survey conducted by PwC has found that women make up only 14% of the 329 Chief Executive Officers (CEOs) of listed companies in South Africa and that there are only 291 Chief Financial Officers (CFOs).
12 Aug 2021

Emerging Europe: Does the rally still have legs?

Emerging European stocks have delivered strong returns for investors so far this year. As we noted back in early October, the combination of compelling valuations, and accommodative monetary and fiscal stimulus were just lacking a sustainable catalyst for economic normalisation.
12 Aug 2021

The difference between a living Will and a last Will and testament

Sometimes family members face a difficult situation when a decision has to be made about a loved one in circumstances in which they are not able to make informed decisions and give their consent regarding medical treatment. . In some cases, a family can be left with enduring questions and feel of guilt after making a decision on whether a loved one should be kept on life support or not.
11 Aug 2021

Treasury provides more details on access to retirement funds

In response to the many media queries, the National Treasury (NT) is providing more details on the approach and planned timelines concerning the proposal to allow for greater preservation with limited pre-retirement withdrawals from retirement funds. 
11 Aug 2021

Tax Bills propose additional exit tax under new section 9HC

When ceasing their South African tax residency, taxpayers are subject to an ‘exit tax’ which forms part of the emigration process. However, National Treasury has proposed a further tax on those who intending to leave South African shores permanently.
11 Aug 2021

Long-term Insurance Ombud swamped by complaints

The Office of the Ombudsman for Long-term Insurance had its work cut out in the first half of 2021 with a record number of complaints. “The second wave of the COVID-19 virus at the end of 2020 drove up complaints particularly in the early part of 2021,” says Denise Gabriels, Deputy Ombudsman for Long-term Insurance.
11 Aug 2021

COVID-19 sees rise in claims for mental health conditions

The Covid-19 pandemic has increased the number of mental health issues experienced by employees at many large South African corporates, according to Alexander Forbes Health Management Solutions. Their data shows that 60% of companies experienced an increase in disability claims for mental and behavioural medical conditions.
11 Aug 2021

How offshore ETFs can add value to your investment portfolio

An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or any other asset. It offers cost-effective access to indices across various industries and geographies. Marc Krom, Regional Manager at Glacier International explains how ETFs – available on Glacier International’s platform – bring you into the realm of global investing.

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