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Retail distribution review (RDR) status update as at December 2016
The Financial Services Board (FSB) has published a status update on progress with implementing the proposals of the Retail Distribution Review (RDR).
South Africa issues new US$1.25 billion 10-year bond
The Republic of South Africa has successfully priced and concluded a US$1.25 billion 10-year bond issuance in the international capital market, the country’s National Treasury said today in a statement.
New line laser generation from Bosch for professionals
For more efficiency at the construction site, Bosch offers a new Line Laser Generation with three models: the entry-model GLL 3-80 Professional as well as the connected models GLL 3-80 C Professional (Red) and GLL 3-80 CG Professional (Green). Worldwide they are the first ever Line Lasers that thanks to Bluetooth, can be controlled via...
Shedding light on Durban’s emerging aerotropolis
There is currently much being said about Durban’s emerging aerotropolis. Mooted to spearhead significant economic and social transformation in KwaZulu-Natal, it is worth unpacking exactly what an aerotropolis is and what the benefits to the province will be. An aerotropolis is a strategic, planned spatial and institutional intervention to improve connectivity around an international airport...
Don’t let your emotions control your financial investments
By Grant Lister, Alexander Forbes Private Wealth. The last quarter of 2018 can be described as the worst period that investors have experienced since the global meltdown of the financial markets in 2008/9.
Consolidated Steel Industries acquires Robertson Ventilation Industries
The directors of CSI are pleased to announce that an agreement has been reached with the directors of RVI that sees CSI acquiring the two trading divisions of RVI comprising the Smoke and Heat Exhaust Ventilation Systems Division (SHEVS) and Architectural Solution Division (AS). The SHEVS Division offers turnkey solutions to the South African fire...
Plant-powered skin care from Skoon
Skoon’s Wow-Wow Wonder Hydrating Serum is the first product to be entered in the 2020 Pharmaceutical & Cosmetic Review/Symrise New Product Competition. The Wow-Wow Wonder Hydrating Serum is formulated with three different sizes of Hyaluronic Acid molecules to tackle immediate and long-term skin hydration. It is also enriched with a potent combination of active ingredients,...
Living annuity drawdown rate remains stable at 6.6%
Living annuity policyholders managed to keep the average drawdown rate practically unchanged at around 6.6% for two years running, despite a steep rise in the cost of living in South Africa over this time. The 2017 Living Annuities Survey compiled by the Association for Savings and Investment South Africa (ASISA) shows that living annuity policyholders...
Financial sector transformation progress below expectation
The financial sector still needs to improve its performance against its transformation targets as set in the Amended Financial Sector Code (FS Code), the Financial Sector Transformation Council (FSTC) said in a statement today. The 2017/18 Financial Sector State of Transformation Annual Report shows that in general, Financial institutions in the sector did not meet...
‘Income First’ the new gold standard for life insurance
It’s time for the South African insurance industry, and independent financial advisers, to set a new standard for life insurance. That’s the call from life insurer FMI (a division of Bidvest Life Ltd), which says focusing on income replacement cover rather than lump sum cover, has significant benefits for consumers and advisers alike.
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