PPS adjourns member vote on restructuring plans

Professional Provident Society Limited (PPS), the specialist South African financial services provider to graduate professionals, has announced an adjournment of its general meeting for members to vote on its proposed restructuring.       The general meeting, held last night (16 March)  in Parktown, Johannesburg, was adjourned as there was not the requisite number of […]

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Will your pension survive retirement?

By John Williams, THE RETIREMENT PLANNING BUREAU   Sometimes it seems that retirement is billed as “The race of the century” to see who will reach the finish line first the Pensioner or the Pension. It is of course an absurd notion that there should be a winner because the two are in tandem (or […]

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The golden horse has yet to bolt

By Alan Demby       With the gold price again testing all-time highs, forecasters and observers are – again – speculating on whether this is as high as it will go, or whether bullion is preparing itself for another strong bull run.       There are almost as many (differing) views on the […]

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Japan facts and figures

Complied by Tom Healy, Knowledge Centre, Alexander Forbes Risk Services           Friday 11 March’s graphic images on Sky, CNN and other TV channels brought the terrifying destruction of Japan’s earthquake and tsunami into our homes and offices.       Assessing the full scale, cost and future implications of this tragedy […]

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New company car legislation

New Company Car Legislation Results in Increased Taxation and Administration Nightmare     Amended legislation has resulted in an increase in the percentage rate used to calculate the monthly fringe benefit for all company cars and a radical change in the taxation of company cars from 1st March 2011, making the keeping of a log […]

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Creating a savings’ culture

By Mark Cronjé The situation in SA   South Africa, in contrast to many other developing countries and especially India and China, has a culture of debt rather than one of saving. Debt drives consumption levels upwards, resulting in low savings levels. Evidence shows that South Africa’s domestic savings levels have exhibited a downward trend […]

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Hazards of getting connected

Over the past two years, South African Internet users have seen reduced prices for bandwidth from Internet service providers (ISPs) across the board. This is largely thanks to the increased – and cheaper – bandwidth resulting from the landing of the Seacom cable, as well as infrastructural investments on the part of many of the […]

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The emperor has no clothes and other investment myths

Adrian Saville, CIO of Cannon Asset Managers, lifts the skirt on investment risks that abound and explores some of the opportunities that lie beneath the surface.     Since the onset of the global financial crisis, investors seem to have surged from risk loving to risk fearing and back to risk loving. Unlike the Emperor […]

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Old Mutual announces leadership team to tackle emerging markets opportunities

Underscoring its quest to strengthen its market facing businesses off a solid South African base and achieve synergies across its businesses in emerging markets, Old Mutual Emerging Markets (OMEM) today announced changes to its operating model and organization structure.       Commenting on the changes, OMEM CEO Kuseni Dlamini (pictured) said, ‘Increasingly our emerging […]

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Education key to good retirement fund governance

There is much evidence to show that most South Africans are making the wrong retirement decisions. Yet the approach adopted by local funds is to assume that members are financially literate and able to make the right choices in respect of their investments or retirement savings. Unfortunately the reality in South Africa is that retirement […]

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