Top tips towards financial independence for women

It’s no secret that women admirably spend their lives juggling the demands of work and home, only to find that, when they reach retirement, their financial status isn’t what they had hoped it would be. It has been statistically proven internationally – The Women’s Institute for a Secure Retirement reports that women typically work 12 […]

Read full story

FATCA – 10 most frequently asked questions

FATCA Q & A with Dalila Ver Elst, Senior Compliance Officer, Maitland 1. Q: Does FATCA affect financial institutions even if they have no United States investors? A: Yes, any non-US financial institution must register under FATCA regardless of whether or not it has US investors. The FATCA agreements and regulations apply to all financial […]

Read full story

Are we prepared for earthquakes?

The 5.5 magnitude tremor experienced in Gauteng and other parts of South Africa on Tuesday 05 August 2014, brings to the fore a pertinent question about whether the local insurance industry is prepared for damage as a result of earthquakes. In 2012, only 7.5% of earthquake related losses were covered by insurance according to findings […]

Read full story

Badly worded divorce orders rob women of retirement fund benefits

Women who have dedicated their lives to raising families, running households and supporting their husbands in advancing their careers often draw the short straw financially when their marriages end in divorce. And those who do not have their own savings may face a grim retirement unless they get to share in their ex-spouses’ retirement benefits. […]

Read full story

Assets managed by local CIS industry more than double over five years

The local Collective Investment Schemes (CIS) industry experienced a renewed surge in net inflows in the second quarter of this year, attracting R42 billion in the three months to the end of June 2014. In the first quarter of this year net inflows amounted to R27 billion. This brings to R151 billion the total net […]

Read full story

Derivatives trading simplified

Derivatives is a buzzword that is often misused or misunderstood. If you ask ten different asset managers or investors what a derivative is, you are more than likely going to receive just as many answers. Mabyanine Phiri, Portfolio Associate at ACM Gold, says that with the lack of any concise explanation of what a derivative […]

Read full story

Use unit trusts and endowments for savings

South Africans do not save much and therefor rely on credit instead of on savings during tough financial times. The problem is that credit cost money or interest, which could be avoided if there was enough savings. So, is there a solution? According to PSG Wealth Technical Sales Analyst, Jabez Serfontein, there is a solution. […]

Read full story

Non est vivere sed valere vita est

Life is not being alive, but being well! The average state of South African households’ financial wellness deteriorated for the second consecutive year in 2013. The Momentum/Unisa South African Household Financial Wellness Index (SAHFWI) declined to 64.06 points in 2013 from 64.77 points in 2012 and 65.24 points in 2011. This means that the majority […]

Read full story

Could Europe’s economic recovery be good news for SA?

New research from Grant Thornton reveals that Europe is recovering from economic problems caused by the sovereign debt crisis. This turnaround will hopefully stimulate increased trade with South Africa. But FITCH and S&P’s downgrade of South Africa’s sovereign credit rating to “negative” and “BBB-” respectively in June 2014 means South Africa is in for a […]

Read full story

SA still has some way to go in building the pipeline of future female leaders

Although South African women are making great strides in the boardroom, corporate South Africa still has more work to do particularly when it comes to leadership positions, says PwC. Women currently hold less than four percent of CEO positions in JSE listed companies. “Companies that are actively promoting and advancing women to the highest levels […]

Read full story
Discovery Invest Balanced Fund. Top quartile performance over 1, 3, 5, 7 & 10 years. Speak to your business consultant. Click here to learn more.