The role technology plays in an individual’s life is rapidly growing and individuals are becoming more dependent on it – from tracking steps to monitoring heart rate are now part of a daily ritual. Wearable devices have steadily become a have-to-have accessory thanks to their dependability and versatility. “The wearables market grew from 24 Billion […]
COVID-19 has changed our experience of being a customer, an employee, a citizen and a human. These behaviour shifts will not change overnight and some have now become the norm. “Well, COVID-19 has turned our routines on their heads. With regular routines thrown out the window, how likely is it that our lives have permanently […]
Now is a good time for retirees to secure a guaranteed income for life. According to retirement income specialist Just, if your retirement savings were invested in balanced funds through the market turmoil of 2020, it is currently possible to secure a guaranteed income for life that is more than 15% higher than it would […]
In a recent Citywire article, Patrick Cairns takes a look at six equity funds riding the value wave. Cairns highlights that to be a successful value manager, you need patience. “You can find yourself on the wrong side of the market for some very long periods. But, if you can hold onto your convictions, and […]
Tesla CEO Elon Musk, who has been a big supporter of cryptocurrencies, implied in a Twitter exchange on Sunday afternoon that the electric vehicle maker sold or may sell the rest of its bitcoin holdings, sending the price of the cryptocurrency down. A potential sale comes just days after Musk said the company planned to […]
In 2020, the South African Reserve Bank (SARB), the Payment Association of South Africa (PASA) and the Financial Sector Conduct Authority (FSCA) issued a joint statement warning consumers about the risks associated with instant online EFT (electronic fund transaction) payments, particularly in relation to screen-scraping. (Read: Instant EFT – Payment option can lead to online […]
You have only 18 days left as we approach the end of the Continuous Professional Development (CPD) cycle and the deadline for the Financial Advisory and Intermediary Services (FAIS) CPD, which is 31 May 2021. Although the current cycle commenced on 1 June 2020, Section 2(1) and 2(2) of FSCA FAIS Notice 22 of 2020 […]
As a result of a high volume of queries following the recent publication of the Government Gazette Notice on the future of Designated Service Providers (DSPs) and co-payments, the Council for Medical Schemes (CMS) released a communication to provide clarity. In the media release, the CMS clarifies that DSPs and co-payments are legislative measures aimed […]
According to the Annual Report of the Ombudsman for Banking Services (OBS) there was a significant increase in cases for most Banks when compared to 2019. Only Absa Bank recorded a reduction in complaints (down 36% year-on-year). Reana Steyn, Ombudsman for Banking Services, cautioned that the number of files opened against a bank should not […]
“The year in review was an unprecedented and difficult one for the banking industry as well as its customers. Surprisingly, the Office did not receive many complaints relating to the financial crisis. In the early stages, the Office did however receive numerous calls and email enquiries from bank customers simply looking to be pointed in […]
