Mind The Gap

Brad Toerien, CEO, FMI

According to the most recent ASISA gap study, South Africans are dangerously under-insured with only 47% of the life cover they’ll need, and only 45% of the disability cover they’ll need. However, when you look a little closer, a further problem emerges – the vast majority of disability cover sold are lump sum benefits (77%) […]

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IAM acquires controlling stake in Richfield Holdings

Marking its first investment in the African education sector, Investec Asset Management, through its African Private Equity capability, has acquired a controlling stake in Richfield Holdings, one of the leading private sector tertiary education providers in South Africa. (more…)

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VBS curator reduces costs of the Bank

Over the past months, the curator of VBS Mutual Bank, Mr Anoosh Rooplal, has had to reduce all non critical costs in an attempt to align cash inflows with the cash outflows. Cash expenses have been exceeding cash income earned by the mutual bank. (more…)

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Momentum Myriad fast-tracks success through innovation

As part of the national financial adviser roadshow, Momentum Myriad shares in the exciting journey of ensuring that clients achieve their desired financial goals and aspirations successfully. Since we make it our business to understand clients’ unique needs, we offer them a unique Myriad value proposition which consists of us looking for opportunities in every […]

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Global Insurers Pulling Out of Coal Mining

  With rising concerns about global warming and a push toward ethical underwriting, mining companies operating in today’s landscape are facing a unique set of insurance challenges. (more…)

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Maitland acquires Talaria, launches Maitland Family Office

Maitland, the global advisory and administration firm, has announced the formation of Maitland Family Office, a multi-family office to service high net worth families, individuals and entrepreneurs in South Africa. The new entity will be one of the largest full-service independent multi-family offices in South Africa. (more…)

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MTBPS could reveal budget deficit is on target, says Old Mutual Investment Group

With South Africa currently in a mild recession and growth below what it was in 2017, consumers are increasingly under pressure. South Africa is also facing an election year next year, meaning Cyril Ramaphosa is at a critical point in his presidency. As such, all eyes will be on the Medium-term Budget Policy Statement (MTBPS) […]

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Rita Cool, Alexander Forbes Financial Planning Consultant.

The value of a financial adviser

When people think about financial advisers they often think that only rich people have them. They think that they do not have enough money to invest and that a financial advisers only deals with stock market investments and choosing the best portfolio to invest in. In reality financial advisers add much value than that. Alexander […]

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Finance Minister Tito Mboweni

MTBPS 2018 may have to break some eggs

By Ian Matthews, head of business development and special projects at Bravura. Next week finance minister, Tito Mboweni, will be delivering the mid-term budget policy statement which becomes a more daunting prospect each year. In South Africa’s shrinking economy where unemployment is at a 14-year high of 27.7% (or 37.2% if the definition of unemployed […]

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ESG looms large for SA investment advisors and asset managers

By Hortense Bioy, Director, Passive Strategies and Sustainability Research, EMEA, Morningstar. How do publicly-listed companies deal with environmental issues and climate change? How do they manage carbon risk? How do they treat their workers, and do they have effective health and safety policies? Do they manage their supply chains in a sustainable way? Do they […]

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Protecting the privacy of clients’ data

Research shows that 81 of the top 100 non-Google websites are using Hyper Text Transfer Protocol Secure (HTTPS) to make their sites a safer place for individuals. HTTPS encrypts communications that are sent between an individual’s browser and the website they’re connected to, meaning that information submitted is harder to intercept and understand. (more…)

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