Italy’s economic scandal

In 1980 Paolo Rossi, the famous Italian striker, made headlines for allegedly being involved in the ‘Totonero’ betting scandal involving Perugia, the club he was contracted to at the time. As a result of the scandal he received a ban which immediately meant his place in the 1982 World Cup Finals in Spain would be […]

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RE:CM warns of luxury goods stock bubble

The strong financial performance of several local and global luxury goods companies in recent months has re-enforced the perception that this industry is fairly recession proof. However, according to Daniel Malan, Investment Director at RE:CM, (pictured) a value based asset manager, this is not always the case and with several of these companies currently trading […]

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Corruption top concern for South African professionals

Action against corruption and government spending on infrastructure are the top two reforms that South African finance professionals are looking for over the next year. This was the result of the “Treasury Verdict” session taken by a live audience poll of senior treasury and finance professionals at EuroFinance’s 6th annual Treasury, Risk and Cash Management […]

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SA inflation hits 6%

Figures released by Stats SA show October headline CPI rising to 6%, above market expectations. Stanlib economist Kevin Lings notes that for 2010 as a whole, SA CPI inflation averaged a very respectable 4.3%y/y, but is “clearly trending higher and is expected to rise above 6.5% in the coming months. In addition, inflation could struggle […]

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Flat business confidence better than it seems

After falling from 55 index points in the first quarter of the year to 39 in the third quarter, the RMB/BER Business Confidence Index (BCI) eased by one point to 38 in the fourth quarter. Sentiment improved notably in the retail and wholesale trade sectors, deteriorated further in new motor trade and remained largely unchanged […]

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When there’s no such thing as a guarantee with investment products

By Nico Coetzee,(pictured) Executive: Business Development at PPS Investments A guarantee is generally an assurance that sets us at ease when choosing how to spend our money. Most of us won’t mind paying a little more for a washing machine or new flat-screen television that comes standard with a warranty, for example. But what if […]

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Property can be the comfort fit in a crisis

CLIENTS looking for comfort in uncertain markets should take a look at listed property, says Absa Investment’s Mariette Warner, one of the category’s leading fund managers and a professional with a 27-year grounding in retail, commercial and industrial property. She acknowledges that many advisers will have to contend with nervous clients as concerns mount about […]

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South African wealthy trust the next generation to safeguard their wealth

When it comes to passing on wealth, South African high net worth individuals buck the global trend in trusting their children or stepchildren to protect their inheritance, says the latest report in the Barclays Wealth Insights series. Seventy seven per cent of South African wealthy say that they trust the next generation to safeguard their […]

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Dinosaurs and volcanoes – making economic sense of our world

By Paul Stewart, managing director of Plexus Asset Management   On a recent Dad’s morning out with the kids, we visited the Cape Town Museum. Among the wide array of exhibits vying for our attention was a display that caught the interest of my two-and-a–half-year-old son. It was a rather gory model of two prehistoric […]

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How can SA avoid the mistakes of the global economic crisis?

The economic crisis in the western economy holds some important lessons for South Africa’s attitude to debt and the culture of easy money that breeds it. In short, “failing to deal with the culture, system and incentive structures that create excessive debt and leverage, and then simply kicking the can down the road has prolonged […]

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