Hands on approach for comfortable retirement

Given the rate at which South Africans switch jobs and hence the number of times they get the opportunity to cash in their pension payouts few South Africans manage to maintain their standard of living into retirement.       Legislation is being proposed to make the preservation of retirement savings compulsory and this is […]

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Moving Companies Act deadline disconcerting

    The announcement at the eleventh hour yesterday that the implementation date for the new Companies Act has been put on hold for “a few days” is disconcerting and frustrating.       “The poor project management of the entire process will most certainly affect South Africa’s reputation in the international financial sectors,” says […]

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Kagiso PMI strengthens further

The seasonally adjusted Kagiso PMI put in a strong performance during March, rising to a 13-month high of 57.2 index points.   “Significantly, after rising to just above the key 50 point level in the first two months of 2011, the seasonally adjusted business activity index increased sharply from 51.6 to 59.7 points. This robust […]

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Tohoku – what does it mean for commodity prices

The full toll of Tohoku, the earthquake of a magnitude of almost 9,0 and the resulting tsunami which hit Japan, will not be known for some time, says Paul Stewart, managing director of the Plexus group. He outlines a few potential scenarios one should consider as the country struggles to deal with the aftermath in […]

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Popularity of global investing increases

Enthusiasm for global markets is on the rise. The Franklin Templeton Global Investor Sentiment Survey http://www.franklintempleton.co.za/globalsurvey found that half of respondents plan to invest outside their home country in 2011. Those numbers increase over the long term, with 62 percent of all respondents planning to invest in global markets over the next 10 years.   […]

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PPS announces approval of restructuring plans

Professional Provident Society Limited (PPS), the specialist South African financial services provider to graduate professionals, has announced that its members approved the special resolutions required to authorise the restructuring of its holding company from a company limited by guarantee to a trust at a general meeting of members held in Parktown, Johannesburg last night (30 […]

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AON 2016 Annual Global Climate and Catastrophe Report

Earthquake recovery in Japan and Haiti offer lessons for development

The take away for South Africa as a developing country from recent natural disasters in Haiti, Chile, New Zealand and Japan is that where national and local authorities have disaster management plans, including insurance, in place, the more likely the country will be to sustain development regardless of natural disaster.       This, coupled […]

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Sanlam appoints new directors

Sanlam is pleased to announce the appointment of Ms Philisiwe Buthelezi, Mr Philip de Villiers Rademeyer and Mr Christiaan Gerhardus Swanepoel as independent non-executive directors to the Boards of Sanlam Limited (Sanlam) and Sanlam Life Insurance Limited (Sanlam Life) with effect from 28 March 2011.       Ms Buthelezi, currently the Chief Executive Officer […]

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King III and the new Companies Act

        By: Natasha Bouwman, Company Secretary and Legal Specialist, Institute of Directors Southern Africa       The corporate governance recommendations contained in King III are intended to mitigate the risk of a management which acts opportunistically in its interests rather than in the best interest of the company. King III sets […]

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Consumers struggle to shrug off debt

By Dr Sheshi Kaniki, senior economist at Momentum The latest Credit Bureau Monitor prepared by the National Credit Regulator (NCR) shows that the number of consumers with impaired credit records increased marginally from 8.59 million in the quarter ending September 2010 to 8.61 million in the quarter ending December 2010. This represents 46.5% of all […]

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