Graduate professional’s confidence levels positive

PPS, the specialist South African financial services provider to graduate professionals, today released the results of a new survey, which tracks confidence levels of more than 4 000 of South Africa’s graduate professionals on a variety of issues.   As part of the survey, respondents, who had an average age of 43, were asked a […]

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How good are fund managers really?

94.8% of actively managed domestic general equity funds in South Africa have underperformed the FTSE/JSE All Share Index over the 20 years to 31 December 2010.   Put simply, 19 of 20 South African fund managers have delivered results below the market index over 20 years.   While this ratio improves as the period decreases, […]

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Royal Wedding doesn’t mean your prince will come in

South African women enthralled by Britain’s royal wedding are in danger of absorbing the wrong message – that one day our prince will come and we can safely leave financial matters to Prince Charming.   The alert comes from Sunél Veldtman, author of ‘Manage your Money, Live your Dream’, a book intended to demystify financial […]

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Kagiso PMI maintains high level

The seasonally adjusted Kagiso PMI stabilized at a fairly high level of 56.4 during April, only marginally lower than the 13-month peak of 57.2 index points reached in March.   “Both the current activity and forward looking indicators remained robust, suggesting that the improved growth momentum in the factory sector during 2011Q1 was sustained in […]

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Don’t expect real growth from equities in the next 12 months

  Results from the South African Investor Confidence Index – a monthly survey conducted by the Institute of Behavioural Finance (IBF) among institutional investors and financial advisors     Financial advisors have a more optimistic outlook on expected equity returns and the market valuation of local equities than institutional investors, according to the latest South […]

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CPI comes in at 4.1% for March

The official headline March CPI number for SA was 4.1%. This is slightly up from 3.7% in February. According to Stanlib economist Kevin Lings there were a number of key factors impacting inflation in March. “This included a large 1.4%m/m increase in food prices, a 3.7%m/m rise in alcoholic beverage costs, a 1.5%m/m increase in […]

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SA recovery on track despite global shocks

South African consumers can find some reassurance in the fact that, despite the serious shocks seen around the globe in the first quarter of the year, the economic recovery underway in South Africa is still o­n track and growth prospects remain positive, according to Johann Els (pictured), senior economist at Old Mutual Investment Group SA […]

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Companies Act regulations released

South African businesses have officially been given four working days – factoring in all public holidays coming up – to review the Regulations which have just been released ahead of the 1 May effective date for the much-awaited Companies Act.   The final Regulations accompanying the new Companies Act have just been released – yesterday […]

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No director’s pay without shareholder approval

By Intikab (Kabby) Esat is a partner Shepstone & Wylie Attorneys: Commercial Law Department   The Department of Trade and Industry has finally announced that the new Companies Act will come into effect on 1 May 2011. The Department and the Presidency have kept business on tenterhooks since the new Companies Act became law as […]

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Transfer of residence from an entity

By Victoria Hodgon, a Director in the conveyancing department at Garlicke & Bousfield Inc. In 2009 a grace period was introduced by the Income Tax Act No. 58 of 1962 (“the Act”) which allowed for a primary residence owned by a company, close corporation or trust, to be transferred to the relevant individuals without incurring […]

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