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Press Room (Page 2)

Press Archive »

African business leaders to focus on scientific progress in partnership with the World Bank

Published: Thu, 14 May 15

The Africa Business Champions for Science is a new group of influential figures from industry with a passion for science, technology and innovation on the continent LONDON, United-Kingdom: The Africa Business Champions for Science is a new group of influential figures from industry with a passion for science, technology ...
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General equity unit trusts back in vogue

Published: Thu, 14 May 15

South African investors suddenly threw caution to the wind in the first quarter of 2015, turning to South African Equity portfolios with a view of tapping into the strong performance delivered by the JSE All Share Index (ALSI) at the beginning of this year. The Collective Investment Schemes (CIS) industry statistics ...
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FAIS and Verification of Client Information

Published: Wed, 13 May 15

A recent decision by the FSB’s Appeal Board provides interesting insights into the determination of the period for which a person is debarred. A second aspect will be of interest to those who make use of “runners” – unlicensed individuals who solicit business for lawfully registered FSPs. A ...
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CoreShares lists Top 50 ETF

Published: Wed, 13 May 15

JOHANNESBURG – Grindrod Bank’s passive investment management business CoreShares, in partnership with S&P Dow Jones Indices, today listed a Top 50 ETF focused on South African equities. “The new investment fund will track the S&P South Africa 50 Index, which represents about 90% of the capitalisation ...
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Score your own financial goals first

Published: Wed, 13 May 15

Ronald King, Head of Technical Support, PSG Wealth As a parent, there is little that can get in the way of your dreams for your child, but these dreams should not come at the expense of your own retirement planning. Imagine if you tackled your own finances with the same passion you feel for your child’s sport ...
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Mauritian DTA gives SA companies hope

Published: Wed, 13 May 15

Johannesburg: The Honourable Minister Sudarshan Bhadain, Mauritian Minister of Financial Services, Good Governance and Institution Reforms will address delegates at the Corporate Offshore Investment Mauritius 2015 conference next week, on issues relating to recent developments on the Double Tax Agreement (DTA) between ...
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Multinationals at an advantage in SA's digital economy

Published: Tue, 12 May 15

South Africa’s playing fields are not level when it comes to local businesses competing with multinationals in the digital economy. SA companies cannot compete on an equal footing with multinationals providing digital goods and services in South Africa. Action is required from the tax authorities, as well as ...
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Complaints against Long-term Insurers drop during 2014 says Long-term Insurance Ombud

Published: Tue, 12 May 15

As Long-term insurers started to implement Treating Customer Fairly (TCF) principles, complaints against the industry dropped during 2014, the office of the Ombudsman for Long-term Insurance. “There seems to be improvement in the complaints handling procedures of at least some long-term insurers, if not all,” ...
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Nepal’s Earthquake Cost Could Exceed GDP

Published: Tue, 12 May 15

By Pierre Bossuet at Coface, the international credit insurer   The 7. 9-magnitude earthquake in Nepal is affecting an estimated 8 million people. With an average GDP per capita of only 692 USD, Nepal is one of the poorest countries in Asia. Up to 56% of the population is living below the $2 per day poverty ...
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India growth does not (yet) herald end of China’s economic reign

Published: Tue, 12 May 15

For the first time in history, the International Monetary Fund (IMF) has noted that the growth forecast for India exceeds that of China. But although the IMF expects India to grow at 7. 5% in 2015, relative to China's forecasted growth of 6. 8%, it would be premature to envision China being toppled from its position ...
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Futuregrowth invests in innovative home loan business

Published: Mon, 11 May 15

With bank mortgages traditionally servicing the mid-to-upper income market, low income, first-time buyers have been largely overlooked. This is about to change with an innovative offering from Housing Investment Partners, which Futuregrowth has agreed to fund. Futuregrowth has partnered with the National Housing Finance ...
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The Fall in Private Investment

Published: Mon, 11 May 15

      Jac Laubscher, Economic Advisor: Sanlam Limited     The IMF’s latest World Economic Outlook includes a special focus on the slow recovery in private fixed investment after its sharp slump in the wake of the global financial crisis. The report reviews ...
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Unspecified interest is simple, not compound interest

Published: Mon, 11 May 15

By Yasmin Kadw, Associate Norton Rose Fulbright South Africa A contract specifying that interest must be “calculated daily” does not mean compounded daily or capitalised daily. Simple interest therefore applies. In Euro Blitz 21 (Pty) Ltd and Another v Secena Aircraft Investments CC the appeal court ...
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Standard Bank places second in annual Siteisfaction® survey

Published: Fri, 08 May 15

Independent research has shown that customers who feel that their internet banking experience is simple and easy to use with engaging functionality are more likely to identify with the brand and utilise its offerings, this according to the latest result of Columinate’s Siteisfaction® survey. Standard Bank ...
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Interpreting Legislation and Contracts: Specific words followed by general words

Published: Fri, 08 May 15

      Patrick Bracher, Director Norton Rose Fulbright South Africa     A recent tax case has a nice illustration of the ejusdem generis rule that where general words follow specific words, the general words must be confined to things of the same kind as those specified ...
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Survey shows improvement from SA banks online facilities despite continued fraud concerns

Published: Thu, 07 May 15

JOHANNESBURG: Specialist online marketing research agency, Columinate, today released its fourth annual Internet Banking SITEisfaction® survey. Launched in 2012, the survey is a measure of customer satisfaction with online banking services in South Africa and the significant changes the banks are undergoing. The ...
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Africa highlighted as high potential market for technology companies at DHL Global Technology Conference

Published: Thu, 07 May 15

Ashish Thakkar, Founder and CEO of Mara Group, gave conference delegates interesting and thought-provoking insights CAPE-TOWN, South-Africa: DHL (http://www. dpdhl. com), the world’s leading logistics service provider, held its 5th annual Global Technology conference in Dubai last month, featuring a number ...
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Ethiopian Commodity Exchange Appoints New CEO

Published: Thu, 07 May 15

ADDIS ABABA, Ethiopia: The Board of Directors Office of the Ethiopian Commodity Exchange (http://www. ecx. com. et) today announced the appointment of Ato Ermias Eshetu as Chief Executive Officer of the ECX. Ato Ermias has held a range of leadership positions locally and abroad. Since 2007, he has served as an Executive ...
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How to make your assets work for you

Published: Thu, 07 May 15

Many people underestimate the income-generating potential of their assets. An asset is a valuable possession that you own which can be used to generate money. These can include anything from your house or cottage, vehicle and machinery to collectable items, such as jewellery and art. A skill, such as sewing, is also ...
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Liberty and Excellerate announce JHI Retail Partnership

Published: Thu, 07 May 15

Liberty Holdings Limited (“Liberty”) and Excellerate Holdings Ltd (“Excellerate”) are pleased to announce the strategic partnership of Liberty’s property management services business, held within Liberty Group Properties Pty Ltd, with the retail management division of JHI Properties Pty ...
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Portfolio Claims:

Amounts payable in respect of the transfer between a cedent and a reinsurer of the liability under a reinsurance contract for claims outstanding prior to a fixed date.
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