Pension industry taken to task by regulator

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Many pension funds claim they conform to the Treating Customers Fairly (TCF) principle despite giving customers a raw deal, says Pension Funds Adjudicator Muvhango Lukhaimane in a review of the industry. (more…)

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One-in-five Brits expect to retire after their 70th birthday

Most South Africans haven’t saved enough for their retirement years – but neither have many in other countries.  A new study by Willis Towers Watson in the UK highlights how worried British workers are about financial security in old age. (more…)

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Why taking a long-term view is key to successful investing

Investors may have had sleepless nights over the past year about the ability of so-called growth investments to ever show positive returns again, says Anet Ahern, CEO, PSG Asset Management. (more…)

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Construction starts on Abuja’s Novare Gateway Mall

Construction starts on Abuja’s Novare Gateway Mall

Novare Real Estate Africa has announced that construction has started on its fourth commercial development in Nigeria, the multi-billion naira Novare Gateway mall in the capital city of Abuja. (more…)

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MUA honours top brokers

  MUA Insurance Acceptances celebrated its top intermediaries during April with three prestigious broker award evenings held in Johannesburg, Durban and Cape Town. (more…)

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Atlas Mara holds talks with consortium exploring acquisition of Barclays Africa

In response to recent press reports regarding interest in purchasing Barclays Plc’s 62.3% stake in Barclays Africa Group, Atlas Mara acknowledges that it has had discussions with a consortium of investors that is exploring an acquisition of Barclays’ stake in Barclays Africa and a potential combination of Atlas Mara with Barclays Africa.  (more…)

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PSG Insure wins Santam award

PSG Insure wins Santam commercial insurance awards

PSG Insure is proud to be recognised as the Santam National Broker of the Year for both commercial lines and assets and crop insurance. (more…)

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Enhancing returns on cash using money market funds

GCR accords stable outlook for STANLIB funds

Global Credit Ratings (GCR) accorded national scale fund ratings of AA+(ZA)(f) to the STANLIB Corporate Money Market Fund, and a rating of AA-(ZA)(f) to the STANLIB Extra Income Fund. Both ratings were accorded Stable outlooks. (more…)

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SABRIC encourages bank consumers to take care of their cyber security

With the increase of cybercrime worldwide, the issue of cyber security has moved from the server room to the board room in many local businesses, and the banking sector is no different. (more…)

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CMS encourages members of medical schemes to take charge

As the regulator of the medical schemes industry, the Council for Medical Schemes (CMS) says it would like to encourage the members of medical schemes to take charge of the affairs of their medical schemes by attending their medical scheme’s Annual General Meeting (AGM). (more…)

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March CPI: Taking A Breather, But Don’t Hold Your Breath

Headline CPI decelerated sharply in March to 6.3% y/y, from 7% in February, but was nevertheless up 0.8% on a month on month basis. Jason Muscat, FNB Senior Industry Analyst, says the drop was primarily due to the high base of March 2015, “and we expect a re-acceleration in April.” (more…)

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