Equities are riskier than bonds – except when they are not

By Paul Bosman, PSG Asset Management We have often written about the margin of safety we demand from equity investments. This prerequisite should ensure that we stay way clear of equities when they trade at grossly inflated prices, i.e. we avoid the equity bubbles. It is not only shares which can pose this trap. In […]

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South African consumer spending less

Consumer spending has been one of the pillars of growth in the SA economy. But as confidence falls and employment remains problematic – will consumers return to spending to boost the economy? Latest stats show that consumers are indeed slowing their spending. “During Q2 2012, SA consumer spending rose by a more modest 2.9%q/q, annaulised, […]

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German ruling and ECB plan mark watershed for bond investors

Following yesterday’s (12 September)  German Constitutional Court decision and last week’s ECB announcement, Russell Silberston, Head of Developed Rates & Currency in Investec’s Fixed Income & Currency team, explains how these developments mark a fundamental shift taking place in investors’ minds, and questions the ‘unintended consequences’ Underlined by today’s Constitutional Court ruling in Germany, the […]

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Investment returns in SA set to taper off in years ahead

Investment returns generated in local equity markets over the next decade are likely to be significantly lower than the returns achieved over the last ten years, with some investors concerned that South Africa could face the prospect of its own ‘lost decade’. According to Felix Ubogu, Head of Asset Consulting at Liberty Corporate, the consensus […]

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IRF Conference identifies Responsible Investing as key issue for retirement funds

Responsible Investing (RI) has been identified by government as key focus on the horizon for the retirement fund industry and may even become regulated in the near future. This is according to Vuyolwethu Nogantshi, Head of Institutional and Consulting at Nedgroup Investments, who says that new legislation introduced in recent years such as amendments made […]

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Protecting your home and pocket from water damage

By Christelle Fourie, Managing Director of MUA Insurance Acceptances With the cooler winter months bringing a lot of rain to certain areas of South Africa, homeowners need to be aware of the responsibility to protect their home against water damage. By performing regular checks and carrying out comprehensive maintenance to relevant areas of the home, […]

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Buy knowledge, not just insurance

Knowledge is key to effective risk management Today information, while abundant, remains largely dormant – stored as facts, figures and opinions in ever-new electronic and cyber formats. While theoretically available forever for retrieval, this information is largely useless until correctly spread amongst and used by corporate employees, where it becomes a powerful tool called knowledge. […]

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Access to cyber assets crucial for effective estate planning

61% of American adult Internet users make use of online banking, according to the Pew Internet & American Life Project. As a result, it is becoming increasingly critical for people to include their online banking access details in their estate planning to ensure beneficiaries are not left without access to critical funds when they need […]

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Update on retirement reform

Approximately only 50% of employed South African’s belong to a retirement fund and the country has notoriously low savings rate. In response to this, the government has proposed a range of retirement reforms aimed at increasing the savings rate of the population. In spite of the potential consequences of the reform proposals, levels of awareness […]

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Maximising investments in a low return environment

The current economic environment and volatile markets have left South African investors confused as to where and what to invest in. Over the last 10 years the world has changed fundamentally and areas where local investors used to invest are no longer providing them with the same returns. According to Henry van Deventer, Head of […]

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