Invest in financial knowledge – save your future

‘Consumers risk compromising their financial wellbeing unless they acquire the relevant financial knowledge. ’ This is the message from the South African Savings Institute (SASI) as they launch their Annual July Savings Month. SASI highlights financial knowledge as a pre-requisite for the financial security of households. In an unpredictable economic climate, South Africans can take […]

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Nedbank contributes to SA becoming a nation of savers

Many consumers continue to face increased and wide-ranging challenges in managing their finances, including the rising costs of their day to day necessities such as food, fuel, transport, electricity and other expenses. This, together with increasing levels of consumer indebtedness, potentially impacts on their ability to save, despite the willingness to change their circumstances. Inspired […]

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New ASISA standard on unclaimed benefits

By Lize de la Harpe, Legal Adviser, Glacier by Sanlam The new ASISA Standard on Unclaimed Assets came into effect on 01 June 2013 and sets out the tracing process that should be followed by life companies. It also stipulates what should happen to assets when beneficiaries cannot be traced. The new standard replaces the […]

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Foreigners doing us a favour, so cash in

Foreign fund managers and major offshore investors are doing South Africa a favour and locals should cash in. That’s the strategic view of Imara Asset Management South Africa as local retail stocks tumble, often on the back of foreign selling. Chris Botha, senior fund manager at the Illovo-based asset management firm, says the sell-off has […]

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Liberty kicks off consumer literacy workshops

As part of savings month in July, Liberty will kick off its community financial literacy training programme across the country. At least 50 000 South Africans have benefited from the financial literacy training since Liberty started the programme about five years ago. “In simple terms, financial literacy is the ability to understand finances and more […]

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It could be time to switch to cyclicals

By Simon Hudson-Peacock, Equity research analyst at Momentum Asset Management Resource equities come with some degree of earnings uncertainty, a situation that is likely to persist in the short term as investors face a capricious world economy and volatility in the sector. A brief and admittedly superficial review of the major world economies suggests that, […]

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Despite low rates – no change in the way SA coroprates manage cash

Interest rates in South Africa are currently at their lowest point in approximately 40 years. Although capital markets recently started to price in interest rate hikes as soon as the first half of 2014, corporate treasurers do not foresee a change until the second half of 2014. However, this does not seem to have affected […]

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Is South Africa ready for SAM?

The Solvency Assessment and Management (SAM) framework is gradually becoming more concrete and the related timelines are firming up with the implementation date for interim requirements having been set for 1 January 2014. “At this date companies need to have interim requirements implemented, and be able to perform a light parallel run starting mid-2014,” says […]

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How to invest amounts ranging from R1000 to R1 million

By Tendani Mantshimuli, Consumer Economist at Liberty Investing can seem limitless when you have excess money at your disposal. But debt unfortunately chokes your financial ability to save or invest, no matter what the amount may be. Every household should have an investment strategy and one that includes consultations with an accredited financial adviser year-to-year. […]

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Navigating your first investment

It is no secret that the key to growing your wealth is to invest your money wisely – and as early as possible. However, making the decision of where to invest your money may seem like a daunting task for many first-time investors. This overwhelming task is often made even more confusing given the variety […]

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