Mauritius to become southern hemisphere’s number 1 financial centre

  Mauritius is destined to become the southern hemisphere’s leading international financial centre within the next decade. This is according to Nigel Green, founder and chief executive of deVere Group and follows the announcement that the company has received an investment banking licence from the Financial Services Commission of Mauritius. (more…)

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Solid results for PSG Konsult

Independent financial services provider PSG Konsult has delivered a solid 16% growth in recurring headline earnings per share and 25% return on equity. (more…)

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PSG Flexible Fund soars beyond R10 billion

The flagship fund of PSG Asset Management, the PSG Flexible Fund, recently surpassed the milestone of R10 billion in assets under management (AUM). (more…)

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Financial planning for the sandwich generation

Many South Africans are increasingly experiencing the effects of the sandwich generation where young working professionals, usually in their late twenties to early forties, have to financially support their own children and their parents with their monthly income. (more…)

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Telematics in vehicles – Big Brother isn’t watching you

The European insurance market introduced telematics about ten years ago and South Africa followed suit by introducing it into the local market. The insurance industry then faced the challenge of overcoming the stigma that telematics will become a ‘big brother’ initiative to spy on its clients. This is according to Alma Nielsen, National Manager Claims […]

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The topsy-turvy rand

The rand – which takes its name from the word ‘Witwatersrand’ – has to be one tough cookie.  It was born in 1961, when SA was declared a republic, replacing the SA pound as legal tender.  For a decade, the country had a fixed exchange rate for its currency, before the rand was pegged to […]

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Manufacturing forecasts suggest possibility of technical recession

By Jason Muscat, FNB Senior Industry Economist. Manufacturing production dropped precipitously in February, declining -3.6% y/y (the worst print since July 2014 which was strike related) and -0.4% m/m. This was in sharp contrast to January’s positive, albeit meagre growth of 0.4% y/y. (more…)

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Investec Asset Management invests in SJL Group

Investec Asset Management, through its Africa Private Equity capability, has completed the management buy-out of 100% of SJL Group. SJL is the market-leading transport and logistics operator providing fully integrated cross-border services through the Morocco-EU corridor, as well as in Tunisia and domestically in Morocco. (more…)

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The 10 key themes investors must not ignore in 2017

By Marianna Georgakopoulou Head of Asset Allocation at Ashburton Investments.  Global macro indicators are currently strong, with a clear cyclical recovery underway in most regions of the world. In particular, industrial and consumer survey data in the US is extremely positive. However, we are cognisant expectations are high for a continuation of this economic strength, […]

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Millennials set to change the insurance industry

Millennials are the fastest growing generation in South Africa. Numbering 14.5 million, Statistics South Africa (Stats SA) estimates that they are increasing at twice the rate of the overall South African population. Thus, more millennials are entering the job market each year, which make them the insurance industry’s new customers, says Soul Abraham, Head of […]

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