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Press Room (Page 2)

Press Archive »

Strong flows into local CIS portfolios demonstrate investor resilience

Published: Thu, 18 May 17

The local Collective Investment Scheme (CIS) industry attracted healthy net inflows of R30. 4 billion in the first quarter of 2017, pushing net inflows for the year to the end of March to R157. 1 billion – the highest for this period in three years. Sunette Mulder, senior policy adviser at the Association ...
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Finalists announced as the 2017 FIA Awards contenders hit the home stretch

Published: Wed, 17 May 17

      Lizelle van der Merwe, CEO Financial Intermediaries Association of Southern Africa                 Excitement is mounting as the financial services brands ‘in the running’ for the 2017 FIA Awards ...
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How to protect capital and beat inflation

Published: Wed, 17 May 17

Use absolute return investment strategies to navigate the current climate of increased volatility and risk   By Natasha Narsingh, head of Absolute Returns at Sanlam Investments   Cape Town: Retirement fund trustees have to meet challenging goals— above all, achieve the highest possible ...
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Russia: Growth is Back in Positive Territory, but will Remain Capped by Sanctions

Published: Wed, 17 May 17

By Coface, the international trade credit insurance company   Sanctions were initially imposed on Russia by the US, the EU and other Western countries in response to the annexion of Crimea in March 2014 and the alleged military assistance from Moscow to separatists in the Eastern provinces of Ukraine ...
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What keeps the Long Term Ombudsman awake at night? Part 1

Published: Wed, 17 May 17

From the Long-term Ombud’s 2016 annual report: The Assessors and Adjudicators in the Long-term Ombud’s office were canvassed about the issues that currently fall into this category. The following are some of the matters raised. Bad bargains These include products that do not provide value for money ...
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FNB voted as Coolest Bank 2017

Published: Wed, 17 May 17

Johannesburg: FNB was voted first in the category ‘coolest bank’ in the 2017 Sunday Times Generation Next Survey for the sixth year in a row. Held annually, the survey provides marketers with insights and trends on how the South African youth market from all walks of life perceive brands and which products ...
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R80 billion illicitly flows out of SA annually

Published: Tue, 16 May 17

Pretoria: Nearly R80 billion passes through the country’s points of entry illegally every year, putting South Africa as one of the countries on the continent with high illicit financial movements. “A significant amount of cash was detected leaving the South African borders to foreign jurisdictions and ...
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RSA Retail Savings Bonds technical glitches receive attention

Published: Tue, 16 May 17

Pretoria: Technical difficulties currently affecting Retail Savings Bonds are receiving attention, National Treasury said on Tuesday. National Treasury assured RSA Retail Savings Bonds investors that technical difficulties that are currently affecting Retail Savings Bonds, including the helpline, queries, emails and ...
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National Treasury gets new Acting DG

Published: Tue, 16 May 17

Pretoria: Dondo Mogajane is the new acting Director General of National Treasury. In a statement on Monday, the Ministry of Finance announced Mogajane’s appointment following the last day of notice to be served by Lungisa Fuzile. Finance Minister Malusi Gigaba extended appreciation and gratitude to the outgoing ...
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Africa growing faster, but who benefits?

Published: Mon, 15 May 17

By Chris Bathembu Out of the 10 fastest growing economies in the world this year, six of them are African. This makes Africa the fastest growing region in the world after Asia - regardless of the sluggish growth and economic misfortunes experienced by many parts of the world over the past nine years. The World ...
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New preferential procurement regulations likely to be challenged

Published: Mon, 15 May 17

By Terrance M. Booysen and reviewed by Bulelwa Mabasa (Werksmans: Partner)   In his State of the Nation Address in 2017, President Jacob Zuma noted the intention of the South African government to influence the behaviour of the private sector and to drive economic transformation. He stated that this ...
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FSB warns the public against Crowd Funding Ltd

Published: Mon, 15 May 17

The Financial Services Board (FSB) warns the public against conducting financial services business with Crowd Funding Ltd. Crowd Funding Ltd is not a registered Credit Rating Agency and is not an Authorised Financial Services Provider. It has been brought to the Registrar of Credit Rating Agencies attention ...
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FSB warns the public against Crown Finance Inc

Published: Mon, 15 May 17

It has been brought to the Registrar of Credit Rating Agencies attention that an entity called Crown Finance Inc is advertising itself as a registered credit rating agency and is contacting people with the aim of offering financial services. The Financial Services Board (FSB) warns the public against conducting ...
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Housing bubble is still at the top of the agenda in Canada, Australia, New Zealand and Sweden

Published: Mon, 15 May 17

By Coface, the international trade credit insurance company On April 11th, Moody’s reported rising concerns over the housing markets in four countries rated AAA with stable outlooks (Australia, Canada, New Zealand and Sweden). Since 2014, housing prices have increased by more than 20% in real ...
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SA and Tanzania must expand economic relations

Published: Fri, 12 May 17

Pretoria: South Africa and Tanzania must capitalise on the mutual trade opportunities that exist in order to grow their economic relations, says President Jacob Zuma. “We have agreed with His Excellency [President John Magufuli] that we need to expand relations further between the two countries, especially economic ...
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Absa backing Limpopo, Pretoria students with R63.1M in scholarship funding

Published: Fri, 12 May 17

In a commitment to widening access to higher education as part of a Group-wide CEO Scholarship Programme, Absa Bank has announced a contribution of R63. 1 million in scholarship funding to support university students across Limpopo and Pretoria undertaking a three-year undergraduate degree in commerce, humanities, ...
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HotForex expands into Africa with launch of dedicated Johannesburg office

Published: Fri, 12 May 17

      Aristos Kyriakides, MD HotForex           Johannesburg: Global forex and commodities broker HotForex is expanding its award-winning operations in South Africa with the launch of a dedicated office in Johannesburg. HotForex is a unified ...
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Life Healthcare Group focused on strong international growth

Published: Fri, 12 May 17

Life Healthcare Group remains a solid investment opportunity, delivering growth and is focused on international expansion   Johannesburg, South Africa: Life Healthcare Group Holdings Limited (JSE: LHC), one of South Africa’s largest private hospital provider, today released its Interim Financial Results ...
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FSB revokes Clivera Consulting’s FSP Licence and debars its Director

Published: Thu, 11 May 17

Registrar of Financial Services providers (“the Registrar”) has on 26 April 2017 withdrawn the licence of Clivera Consulting and debarred its director Mr Phelegetso Ramathibela from rendering financial services as contemplated in the Financial Advisory and Intermediary Services Act 37 of 2002 (“the ...
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US Economy: Weakest performance in three years, supporting the forecast for lower than expected growth for 2017

Published: Thu, 11 May 17

By Coface, the international trade credit insurance company   America’s economy grew by just 0. 7% in Q1 2017 - at the seasonally adjusted annual rate (Saar) - vs. 2. 1% in Q4 2016. This was below consensus expectations of 1. The deceleration in real GDP during the first quarter was mainly due ...
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