Recycling and Economic Development Initiative of South Africa (Redisa) says that its implementation of the Integrated Industry Waste Tyre Management Plan has had to be delayed. Originally set for an effective date of 31st January...
There was little surprise in the decision by the South Africa Reserve Bank to keep rates on hold at 5.5%, when it made its deliberations mid-January.
Malcolm Charles, portfolio manager, Investec...
The beginning of a new year is the perfect time to re-evaluate your insurance cover. Like many of us, you probably received a number of exciting gifts over the festive season… like the latest smartphone, a digital...
Google announced the launch of Woza Online mid-Januray, an initiative that aims to bring tens of thousands of small and medium South African businesses online. Businesses now have the opportunity to create their own...
In a recent article in Tom Chalmers’ World Airnews there was mention that Malta International Airport wanted to stimulate activity and income. They planned for the Winter Schedule, which over there ends on 31st March...
All indications are that 2012 will be a tough economic year. As budgets are tightened and resources are re-considered, employees are urged to take steps to enhance their job security in an increasingly competitive market.
This...
The following diagrams are based on information from the Bank for International Settlements, the IMF, the World Bank, and the UN Population Division.
In each case the circle shows the gross external...
Clients looking for comfort in uncertain markets should take a look at listed property, says Absa Investment's Mariette Warner. She acknowledges that many financial advisers will have to contend with nervous...
While value based asset manager RE:CM believes pockets of affordability have started to appear in certain cyclical stocks, particularly in the resources sector, it cautions investors looking to take advantage of these...
Dividend Withholding Tax (DWT) is a 10% tax levied on investors receiving dividends declared and paid by South African resident companies or foreign companies listed on the JSE. Although DWT is a tax borne by...
Securing finance to start or grow a business is going to become very difficult for self-employed South Africans. This is because increased economic and regulatory pressure on the banks is forcing them to look for new...
Investment Linked Living annuities are extremely popular in South Africa with a market share of about 80% of the annuity market. “But as people live longer guaranteed annuities like with-profit annuities and inflation...
Many life assureds have the wrong products according to Neill Katzeff of Mazars Financial Services. He believes this is because many young people with no dependants still follow the tradition of buying a life policy...
Over 200 people have been left homeless and at least two other people have died in recent widespread fires in the Western Cape. As temperatures look set to remain high through to March, the importance of businesses...
In a transaction facilitated by Remgro, entrepreneurs GT Ferreira, Paul Harris and Laurie Dippenaar have signalled the next step in the restructure of RMBH and RMI, the two financial services groups that they founded...
Internet-based encyclopedia Wikipedia made its digital voice heard when it blacked itself out for 24 hours to protest against two U.S. bills intended to battle online piracy. Wikipedia posted a "thank you" note online...
This is a brief review of a number of important cases involving South Africa's competition authorities in 2011.
“Competition complaints and mergers have dominated the business headlines over the...
The underwriting management agency (UMA) model in South Africa has grown substantially over the last two decades, helping to reshape the local insurance industry through the development of new insurance products to...
One in three South Africans believe that the government will take care of them in old age – a belief that contributes to the already enormous pressure on the authorities to supply grants to pensioners who have neglected to save for retirement....
“The Pension Funds Act seeks to protect an employer’s right to recover losses caused by the misconduct of an employee and has a legitimate objective of protecting employers’ rights to recover debts. However, this is...
The new Regulation 28 of the Pension Funds Act could drive a wave of consolidation in the retirement fund industry, due to the sheer volume of compliance and reporting requirements and the resulting strain on funds’...
A study released by 10X Investments on retirement investment returns in South Africa reveals both good and bad news. Based on mean reversion principles, the firm generally advises that retirement investors should...
Government’s proposed overhaul of South Africa’s current retirement funding model is a positive step given the alarming lack of retirement savings among the majority of South Africans. However, it is critical that the...
Although growth in total residential transactions volumes slowed in 2011, following a surge in 2010, the FNB Estate Agent Survey points to last year having been a significantly better one for first time buyers....
The creation of a document known as the Memorandum of Incorporation in Section 15 of the new Companies Act, to replace the 1973 Companies Act’s Memorandum and Articles of Association (Articles), is vital for effective corporate...
Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), early January announced that it had completed its previously agreed acquisition of the brokerage business of Alexander Forbes. This transaction comprises...
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