R&D sound bites on the Draft Taxation Laws Amendment Bill, 2013

KPMG preliminary comments on the Draft Taxation Laws Amendment Bill, 2013 that was released on Thursday evening, 4 July 2013 by National Treasury R&D Tax & Incentives Whilst the Department of Science and Technology (DST) is the gatekeeper of pre-approving R&D projects in terms of current legislation (in place since January 2012), the proposed changes […]

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Physical disability shouldn’t leave financial scars

By André Krause, National Manager: Distribution at Glacier by Sanlam South Africans are under-insured for disability in general, with a staggering 60% of the necessary disability cover not in place, according to a survey by True South Actuaries & Consultants which was conducted in March this year. Income earners everywhere are hard hit when disability […]

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bizhub Highveld Lions and Aon South Africa announce new sponsorship deal

The bizhub Highveld Lions are thrilled to announce that Aon South Africa has secured the Associate Sponsorship rights of the team for the next two years, with immediate effect. The sponsorship will see the Aon brand emblazoned on the official playing kit used in the CLT20 Competition which is broadcast both locally and internationally as […]

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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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