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Peter Moyo

Final countdown to Old Mutual Limited listing on African stock exchanges

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 […]

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hospital-health

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 […]

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consumerconfidence

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 […]

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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 […]

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Jonathan Sieff

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, […]

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Andrew Kurten

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 […]

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right graph

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 […]

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