SA’s exchange traded product sector grows 22.5% in 2021
The total market capitalisation of the South African exchange traded product (ETP) industry grew to R136 billion at the end of last year, an increase of 22.5% on the R111bn at the end […]
Industry News
IT problems continue to plague Master’s offices
The country’s Master’s offices were only able to resume processing inheritances from 15 November last year, when a new finger-print verification server was restored, says Justice and Correctional Services Minister Ronald Lamola. He […]
Accountancy body ‘will investigate all members named in Zondo report’
The South African Institute of Chartered Accountants (Saica) says it will investigate all members of the organisation mentioned in the Zondo Commission’s report into state capture. In a media statement on 5 January, […]
Nedbank denies any wrongdoing in Acsa transactions
Nedbank says it committed no wrong in relation to the interest rate swap transactions it concluded with Airports Company SA (Acsa) between 2009 and 2011. The bank was responding to Acting Chief Justice […]
PwC admits it failed to do its job properly at SAA
PricewaterhouseCoopers (PwC) has admitted that it dropped the ball in failing to identify corruption at SAA when it audited the company’s books between 2012 and 2016. In part 1 of his report on […]
These six themes ‘will be top of mind’ for active managers in 2022
The response to climate change, inflation, post-pandemic growth and China’s market interventions are among investment managers’ top concerns this year, according to Sanlam Investments. Sanlam Investments’ portfolio managers believe active managers will focus […]
How Zuma and Moyane exerted a ‘Bainful’ influence on Sars
Global management consultancy Bain & Company says it is “deeply sorry” for its role in the damage inflicted on the SA Revenue Service (Sars) during the tenure of Commissioner Tom Moyane. However, Bain […]
Twin Peaks have failed us, says 3Sixty following provisional curatorship
The chief executive of 3Sixty Global Solutions Group, Khandani Msibi, has sharply criticised the FSCA and the Prudential Authority (PA) after 3Sixty Life was placed under provisional curatorship at the end of last […]
Higher excess death rate among fully underwritten policyholders
Death claims for fully underwritten new-generation life insurance policies were nearly four times higher than the expected death rate during the peak of the third wave of Covid-19, according to the Actuarial Society […]
Higher excess death rate among fully underwritten policyholders
Death claims for fully underwritten new-generation life insurance policies were nearly four times higher than the expected death rate during the peak of the third wave of Covid-19, according to the Actuarial Society […]
Younger consumers driving growth in consumer credit
Loan originations have increased year-on-year across all major lending categories, except credit cards. However, the South African consumer credit market remains below pre-pandemic levels, according to TransUnion’s latest overview of credit trends. Origination […]
Younger consumers driving growth in consumer credit
Loan originations have increased year-on-year across all major lending categories, except credit cards. However, the South African consumer credit market remains below pre-pandemic levels, according to TransUnion’s latest overview of credit trends. Origination […]
FSCA to unveil cryptocurrency regulations next year
The FSCA will unveil a regulatory framework for cryptocurrencies early next year to help protect consumers, according to a report by US-based financial news service Bloomberg. The rules will establish how trading in […]
FSCA to unveil cryptocurrency regulations next year
The FSCA will unveil a regulatory framework for cryptocurrencies early next year to help protect consumers, according to a report by US-based financial news service Bloomberg. The rules will establish how trading in […]
Survey shows South Africans divided over compulsory vaccination
More than half of adult South Africans support employers making Covid-19 vaccinations compulsory and proof of vaccination to enter public places (vaccine passports), according to a survey by the Centre for Social Change […]
Sanlam pays out R14bn in death claims – driven mainly by Covid
Sanlam Life and Savings paid gross death claims of more than R14 billion in the first 10 months of 2021 – 88% higher than in the same period in 2020 – mainly because […]
Parliament rejects pension-backed loans amendment
Parliament’s Standing Committee on Finance has rejected a proposed amendment to the Pension Funds Act (PFA) that would allow retirement fund members to take out loans of up to 30% against their pension […]
