Banking Ombud on banks’ performance
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 […]
Industry News
Banking Ombud 2020 Annual Report sees notable increase in complaints
“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 […]
Banking Ombud 2020 Annual Report sees notable increase in complaints
“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 […]
Reversal in fortunes for many local equity funds
A recent analysis by Citywire showed that the top-performing SA equity funds in the first four months of this year were some of the worst performers last year. According to Patrick Cairns, the […]
Update on endorsement of rule amendments of retirement funds
In a recent communication, the Financial Sector Conduct Authority (FSCA) informed the retirement fund industry that it is in the process of finalising the endorsement of (urgent) amendments to rules of funds received […]
Welcome signs of a market rotation after pandemic
Concerning recent market performance, Philipp Wörz, fund manager at PSG Asset Management, states: “Equity markets continued to show strong positive momentum this quarter. Locally, the JSE All Share Index (ALSI) finally broke through […]
Welcome signs of a market rotation after pandemic
Concerning recent market performance, Philipp Wörz, fund manager at PSG Asset Management, states: “Equity markets continued to show strong positive momentum this quarter. Locally, the JSE All Share Index (ALSI) finally broke through […]
Five myths about sustainable investing
Sustainable investing has grown in strength and appeal, particularly during the pandemic, with many leading think tanks and asset managers suggesting it may finally have “reached its tipping point” – there are, however, […]
SA’s new debit order system from 1 May
The South African Reserve Bank (SARB) will introduce the Authenticated Collections (AC)/DebiCheck project from 1 May 2021 as part of its modernisation of the national payment system (NPS). According to SARB, this project […]
SA’s new debit order system from 1 May
The South African Reserve Bank (SARB) will introduce the Authenticated Collections (AC)/DebiCheck project from 1 May 2021 as part of its modernisation of the national payment system (NPS). According to SARB, this project […]
Five risk trends affecting SMMEs
The coronavirus pandemic continues to take its toll on the economy, with data from Stats SA showing that liquidations rose 49% year-on-year in March. According to the statistics, the liquidations hit small, medium […]
Five risk trends affecting SMMEs
The coronavirus pandemic continues to take its toll on the economy, with data from Stats SA showing that liquidations rose 49% year-on-year in March. According to the statistics, the liquidations hit small, medium […]
Regulator intends to boost patients’ right to choose own pharmacy
Earlier in April the Council for Medical Schemes’ (CMS) Council indicated that its to publish a Government Gazette in terms of section 61 of the Medical Schemes Act (131 of 1998) after extensive […]
Regulator intends to boost patients’ right to choose own pharmacy
Earlier in April the Council for Medical Schemes’ (CMS) Council indicated that its to publish a Government Gazette in terms of section 61 of the Medical Schemes Act (131 of 1998) after extensive […]
Permanent commissioners appointed at FSCA
Finance Minister Tito Mboweni has appointed Unathi Kamlana as the commissioner of the Financial Sector Conduct Authority (FSCA) for a period of five years. Kamlana is currently employed at the Prudential Authority of […]
Permanent commissioners appointed at FSCA
Finance Minister Tito Mboweni has appointed Unathi Kamlana as the commissioner of the Financial Sector Conduct Authority (FSCA) for a period of five years. Kamlana is currently employed at the Prudential Authority of […]
What habits set successful investors apart?
“You don’t necessarily need to be an investment specialist who can analyse companies and financial markets to be a successful investor. What sets successful investors apart is their mindset and their ability to […]
