SA retail stocks overvalued – value in offshore retailers

While local food retailers are fantastic businesses, they do not present an attractive value proposition for investors when compared with their global counterparts.     That is the view of Johannes Visser, Senior Analyst at RE:CM, a value based asset manager, who says that the high valuation multiples for companies such as Massmart, Shoprite, Pick […]

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South Africa’s savings rate lags other emerging markets

Compared to other emerging economies, South Africa scores very low on domestic savings levels when put side by side with countries such China and Malaysia.   Kieran Godden, Divisional Director: Liberty Corporate Consultants and Actuaries, says “Increased savings levels are essential to advancing a country’s economic aspirations. For example, saving via the government’s national retail […]

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Start with what you’ve got

Absa Investments today (Tuesday, July 12) in Savings Month make a call to South Africans to begin saving now.   The investment arm of the country’s largest retail bank said the rate of bad debt growth was slowing but challenged consumers to go one better and lift the rate of household savings – a figure […]

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South Africans urged to save at all costs

South Africans need to start saving at all costs, says South African Savings Institute (SASI) chairperson, Prem Govender, who was addressing the 10th anniversary launch of SASI and National Savings Month in Sandton today (13th July 2011).   Lamenting South Africa’s low savings rate, she said the country continues to lag especially in terms of […]

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Real estate funds top return tables

Investors in domestic real estate unit trusts had reason to celebrate in a quarter characterised by significant price swings in domestic and global financial markets. So says Ryk de Klerk, co-founder and executive director of PlexCrown Fund Ratings.   The returns of domestic real estate unit trusts averaged 4,4% with income reinvested, with Property Index […]

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New deadlines for Regulatory Exams

We were starting to receive some very positive RE reports- more people were writing the exams and there were a lot who had focused on the exams, studied, attended the various courses and indications were that the exams were definitely being taken seriously by the majority of advisers. There were still some questions regarding language […]

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Momentum Structured Commodity Option Returns 40% to investors

Momentum Wealth, a division of Momentum Group Ltd, recently returned 40% over 3 years to investors from its Structured Commodity Option 1 – a new generation structured product launched in April 2008.   Comparatively over the same period, the FTSE/JSE Top 40 Index returned 1% to investors and the FTSE/JSE RESI Index returned -17%.   […]

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South African Estate Duty amendments

Estate duty in South Africa has been subject to several changes in the past few years. You may need to review your will and possibly update it. Hilary Dudley, Head of Private Client services for Maitland in South Africa and FISA member, discusses the abatement trust in the context of the current legislation regarding estate […]

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Kagiso PMI for June moves lower to 53.9

The seasonally adjusted Kagiso PMI declined for a third consecutive month in June, and at 53.9 index points reached the lowest level so far in 2011.       Abdul Davids, the Head of Research at Kagiso Asset Management said that, ”Although the level of the index suggests that the manufacturing sector is expanding, it […]

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You can still show your Big Heart

Momentum may have completed their Big Heart 750km rum from Centurion to Durban but their campaign to raise funds and awareness around heart disease continues. It’s been just under two weeks since the 8 Momentum men undertook their 6 day run but the awareness they have raised remains. The heart and stroke foundation of South […]

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