Ahead of the primary listing of Old Mutual Limited (OML) in the continent of its origin next week, Old Mutual said it was taking the final steps to ensure its successful debut as a stand-alone business on several stock exchanges in Africa on Tuesday, 26 June. “The table is set for this historic event. We […]
Become an FPSA® to comply with the new standard
If you are involved in trusts, wills and estates, or need to refer clients to a specialist, you need to know that there is a new professional designation which will soon become the de facto standard for fiduciary in South Africa. (more…)
SARB QB: Current account deficit pushed to highest level in 2 years
The SA Reserve Bank released its Quarterly Bulletin today, showing that weak exports push the current account deficit to the highest level in two years. According to Nedbank economists Dennis Dykes and Isaac Matshego: The current account deficit widened to 4,8% of GDP in the first quarter, the highest level since 5% in the first quarter […]
Reaction to NHI proposals following the Minister’s comments today
By Neil Kirby, head of healthcare and life sciences law at Werksmans Attorneys The Minister of Health has described the advent of national health insurance or NHI as the land issue in the healthcare sector. Today, the Minister announced the introduction of two Bills to herald the introduction, into law, of the NHI. The two […]
SARB Quarterly Bulletin: Personal finances deteriorate in Q1
The SA Reserve Bank released its Quarterly Bulletin today, showing that personal finances deteriorated in Q1 2018. According to Nedbank’s Dennis Dykes and Johannes Khosa: There was almost no growth in real disposable income over the quarter, while household debt increased. The ratio of household debt to disposable income rose to 71,7% from 71,2%, and the […]
Market conditions starting to favour active managers
By Anthony Torr, Investment Strategist & Research Analyst, Stonehage Fleming Investment Management (South Africa) Active managers have historically performed better on a relative basis when intra-market correlations are lower, dispersion levels are higher, and market leadership is not excessively concentrated. The first two points are true because they increase the managers’ opportunity set to generate […]
Sasfin Wealth appoints Jonathan Sieff as Senior Portfolio Manager
Sasfin Wealth is pleased to announce the appointment of Jonathan Sieff as a Senior Portfolio Manager, based at its Cape Town offices. Sieff brings considerable experience to the role, having accumulated more than 25 years’ experience in financial services, predominantly in the wealth and asset management and private equity industries. Sieff joins from Ashburton Investments, […]
Award-winning adviser joins PSG Wealth
PSG Wealth Melrose Arch is pleased to announce that Wealth Manager Andrew Kurten has joined the office. Andrew is regarded as one of the top wealth managers in the country, with various awards and achievements behind his name. He has 15 years of experience in the banking industry and is skilled in portfolio management, financial planning, and retirement […]
Inflation declines but rand depreciation triggers rate hike warning
Statistics South Africa (StatsSA) reported on June 20ththat consumer price inflation declined from 4.5% year-on-year (y-o-y) in April to 4.4% y-o-y in May. “The latest reading is in line with economists’ expectations and is comfortably within the South African Reserve Bank (SARB) target range of 3%-6%,” say PwC economists. (The StatsSA inflation report can be […]
IRR: EWC report launched in the US warns of economic, strategic consequences
The Institute of Race Relations (IRR) today released a report in Washington in the United States to advance its campaign to protect and extend the property rights of all South Africans. Titled ‘Empowering the State, Impoverishing the People’, the report warns that ‘the undermining of property rights in South Africa has serious implications both for […]
Does your retirement fund work for millennials?
Millennials, an increasing portion of today’s workforce, are set to shape the world of work for many years to come. Katherine Barker, Head of the Momentum FundsAtWork Umbrella Funds, says that retirement fund solutions need to be flexible enough to address the specific needs of this rapidly-evolving workplace demographic. (more…)
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Final countdown to Old Mutual Limited listing on African stock exchanges
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SARB QB: Current account deficit pushed to highest level in 2 years
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Reaction to NHI proposals following the Minister’s comments today
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SARB Quarterly Bulletin: Personal finances deteriorate in Q1
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Market conditions starting to favour active managers
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Final countdown to Old Mutual Limited listing on African stock exchanges
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Financial planning key to narrowing SA gender gap
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FAIS Act and Twin Peaks cost billions and add nothing: FMF
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Alexander Forbes partners with black-owned healthcare consultancy firm
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Effects Of Trump Tariffs Remain Limited For Now, But Could Escalate If China Retaliates: Report
