SARB expected to remain in rate-cutting cycle

Weak economic growth, heightened political uncertainty and a potential fiscal fallout will make for a very cautious South African Reserve Bank (SARB) monetary policy decision on Thursday. (more…)

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Bitcoin’s bite: Why central banks should clamp down on cryptocurrencies

Few issues in central banking are more likely to provoke anxiety than the fear of losing control of one’s currency. Recent events have provided another perfect illustration of this point with the Chinese central bank banning initial coin offerings of bitcoin-based currencies. (more…)

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Bonitas announces annual increase and changes for 2018

Bonitas Medical Fund (Bonitas) announced its lowest increase in six years today. After a challenging year for the healthcare industry, the contribution increase for 2018 will be a weighted increase of 8.7%, with increases on the various options range from 7.9% to 9.9%. (more…)

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Investors demand consultative process on Mining Charter 2017

The Association for Savings and Investment South Africa (ASISA) calls on Mineral Resources Minister, Mosebenzi Zwane, to withdraw the contentious 2017 Mining Charter and to appoint a proper representative body to renegotiate the mining sector empowerment Charter. (more…)

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Treasury publishes document relating to financial sector regulatory reform

The National Treasury today published the policy document “A Known and Trusted Ombud System for All” for public comment. This forms part of the comprehensive financial sector regulatory reform programme underway as South Africa shifts toward a Twin Peaks model of regulation. (more…)

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Finances should be a joint effort in a household

Who manages your household finances? The management of finances should not be seen as the job for a man or woman in a household, but a joint effort between partners. (more…)

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Patrice Rassou: Is sentiment the new fundamental?

Patrice Rassou, head of equities at Sanlam Investment Management, explains the role that sentiment (fear and greed) plays in market movements. (more…)

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PSG Alpha partners with the Amdec Group to acquire 50% stake in Evergreen Lifestyle

PSG Alpha Investments, a subsidiary of the JSE-listed PSG Group, has acquired a 50% stake in Evergreen Lifestyle, South Africa’s pre-eminent provider of retirement living and a division of the Amdec Group. With investments such as Capitec Bank (retail banking) and Curro Holdings (private education) in its portfolio, this investment marks a significant new focus […]

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ASISA Board appoints new Chair and deputy Chair

The Board of the Association for Savings and Investment South Africa (ASISA) has appointed Ian Kirk, Group Chief Executive of Sanlam, as its new Chairman and Thabo Khojane, Managing Director of Investec Asset Management, as the new deputy Chairman. (more…)

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Mandatory rotation of auditors too late to prevent KPMG scandal

The KPMG fall-out after the Gupta-related entity audits and the South African Revenue Service (SARS) “rogue unit” report must be the biggest scandal so far in the South African audit profession.  On 15 September 2017 KPMG CEO Trevor Hoole, chief operating officer Steven Louw, chairperson Ahmed Jaffer and five senior executives resigned “in the best […]

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