Retirement fund industry shake-up should enhance benefits

National Treasury’s anticipated report on costs in the retirement fund sector will go a long way towards improving transparency in an industry in need of reform. That’s according to William Moutloatse, CEO of Novare Actuaries & Consultants, the independent implemented consulting business that provides specialist support to institutional clients in Southern Africa. “Costs have a […]

Read full story

China is key factor for commodities over Eurozone recession threat

The Investec Asset Management Commodities and Resources Team give an update on commodity markets and the opportunity they see in equity valuations, highlighting the importance of Chinese demand dynamics over the perceived effects of a European crisis on overall commodity demand Commodity prices have generally fallen as global growth has slowed and many commodities have […]

Read full story

Valuing your vehicle correctly

Recent comment that South Africa’s insurers routinely rip clients off by failing to reduce vehicle values during annual policy updates is only partially correct. Many insurers do in fact automatically re-value vehicles downwards each year, using data published in the Mead and McGrouther Auto Dealers Digest. If, however, a vehicle does not appear in the […]

Read full story

SA urged to make better effort to save

With latest figures from the central bank indicating that South African household debt stands at 75% of disposable income, and an average of 6 000 South Africans applying for debt counseling every month, consumers are being urged to avoid the use of credit where possible and begin to start saving money to better ensure a […]

Read full story

Changing mind-sets the key to financial freedom

“South Africans need to take charge of their lives by saving,” said South African Savings Institute’s (SASI) Chairperson, Prem Govender, at the launch of National Savings Month in Sandton today. “We need to remind South Africans that the power is in their hands to either strive for financial freedom by saving or to remain vulnerable […]

Read full story

Savings Month a stark reminder of SA’s dismal savings rate

Finance Minister Pravin Gordhan said last week that a key constraint of the South African economy is the low levels of savings and hinted that the Treasury would be taking measures to boost confidence in savings mechanisms in months ahead. According to Jason Garner of acsis, in light of National Savings Month in July, consumers […]

Read full story

Illicit alcohol and the loss leader loophole

Cigarettes and alcohol are often seen as defensive shares – where consumers will buy them no matter what the price. But in light of high taxes are they as defensive and what challenges do they face. Earlier in the year comments were made that competiton to the big players in thee sectors comes from smugglers […]

Read full story

Looking beyond guaranteed return products for inflation-beating returns

By Linda Nel, Business Development Manager, Glacier by Sanlam Many investors are seeking the same end-goal – long-term capital growth with limited volatility along the way. Following the financial crises of 2008/09, many guaranteed return products have been launched into the market as companies aim to meet the investor’s need for certainty and capital protection. […]

Read full story

How world trade has changed

By Kevin Lings, economist, Stanlib The OECD expects word trade growth to slow to 4.1% in 2012, down from 6% in 2011 – with risk to the downside. This is understandable given the ongoing recession in the Euro-area and the fact that the economic weakness in Europe has spread to the US, emerging Asia and […]

Read full story

Intermediaries who fail to take regulatory exams can be debarred

The 30 June 2012 deadline for most intermediaries to take the Financial Services Board’s (FSB) Regulatory Examination has passed and failure to comply may hold dire consequences for these individuals. According to Joe Kotzé, National Manager: Compliance at the Financial Intermediaries Association of Southern Africa (FIA), representatives who did not attempt the representative exam before […]

Read full story