Independent advice critical in improving access and a savings culture

South Africa’s finance and risk advisers find themselves at a defining moment in the history of financial services provision. They are practising at a time when the definition of intermediation and financial advice – key components of their livelihood – are under close regulatory scrutiny. To further complicate matters the Financial Services Board (FSB) will […]

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What is driving the JSE up despite a sluggish economy

Geoff Blount, CEO of Cannon Asset Managers, sifts through the trends and drivers of the JSE performance Last year, the JSE rallied 34% over the last year and a half, and the market continues to hit new highs this year. This is at severe odds with the state of both the global and South African […]

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Costs not the only consideration for retirement reform

Over the past two years National Treasury has distributed five discussion papers in which it proposes far-reaching changes to South Africa’s retirement industry. One of Treasury’s main concerns is that the costs levied by financial institutions on retirement savings are out of line with our international peers. Costs in the retirement industry featured strongly during […]

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Top tips for beginner investors

One of the biggest obstacles to investing is lack of knowledge, however, with the advent of online investing, investing in the stock exchange is more accessible, and with a few basics anyone can start up their own investment portfolio. “Investing is one of the best ways in which to build long term wealth and, with […]

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Rand in cheap territory but further weakness possible

By Malcolm Charles, Portfolio Manager, Investec Asset Management In summary The rand has lost around 18% against the US dollar this year* and while the local currency is pushing levels not seen since 2008, it could be vulnerable to further weakness. Ongoing industrial action in South Africa and Europe’s recession have weighed on the rand, […]

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Shaky year for investors with more of the same in store

Marriott, the income Specialists, examine the year thus far for investors and take a look ahead In the first half of 2013, investors experienced a stark reminder that adopting a short-term focus can lead to tears: a global sell-off of bonds contributed to a depreciation of the rand while the SA 10-year bond yield spiked […]

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The effect of marital regimes on wills and estate planning

By Tiny Carroll, Fiduciary Specialist, Glacier by Sanlam The objective of estate planning is to provide a client with a measure of certainty that his/her objectives for the accumulation, protection and eventual devolution of assets will be met. Within this very broadly stated objective, a client’s marital status and marital property regime impact on almost […]

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Fear and loathing in investment Las Vegas

By Steven Nathan, Chief Executive10X Investments (pictured) National Treasury’s discussion paper ‘Charges in South African retirement funds’ has caused waves in the retirement fund management industry. One of the statements in particular that seems to have touched a raw nerve reads: “Over the long term, in efficient markets, passive management is not demonstrably inferior to […]

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Current trend is wealth preservation not wealth creation

Recently, leading gatekeepers to wealth gathered in New York at a conference for the Family Office industry to share international perspectives and trends in wealth management for high net worth individuals. Grant Alexander of Private Client Holdings reports back on some of the insights gained: “Michael Connor of the Consolidated Investment Group ran a single […]

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Fiduciary profession in SA

The Fiduciary Institute of Southern Africa (FISA) continues to raise awareness and standards of fiduciary practice to benefit both practitioners and the public. For the third year running, FISA will hold its annual conference as well as the examination which gives successful candidates the designation of Fiduciary Practitioner of South Africa (FPSA®). Conference On 19 […]

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