Businesses must prepare for a new generation of cyber risks that are fast evolving, and moving beyond the established threats of data breaches, privacy issues and reputational damage, to operational damage, business interruption and even...
The US, Japan and 10 other Pacific Rim economies (Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam) reached an agreement on the 5th of October in Atlanta on a long-waited trade agreement.
Covering...
Stricter regulation of financial advice and financial product distribution will have both positive and negative consequences for South Africa. On the plus side, it should result in lower investment charges to consumers while on the minus side it...
Group retirement annuities (RAs) are an ideal solution for small and medium-sized business owners looking for a retirement savings solution for their staff, and present opportunities for IFAs looking to build long-term relationships with...
As financial institutions ready themselves for the implementation of IFRS 9 Financial Instruments (IFRS 9) in 2018, many expect the new standard to have a substantial impact on their balance sheets. This is according to the 2015 Deloitte Global...
It’s time for businesses to become innovative in redesigning entry-level jobs in order to open up more work opportunities for youth. This is according to Brent Wyborn, Executive Head: Group Services of Hollard Insurance Group. Hollard is a...
The South African Davis Tax Committee (DTC) recently released its first interim report on mining for the Minister of Finance. Its recommendations take into account the impact on the mining tax system in South Africa, which has evolved over many...
The Davis Tax Committee (DTC) consideration that a wealth tax for South Africans is not the universal solution to South Africa’s revenue needs. This is the view of Rhodes Business School Professor and DTC member Matthew Lester who was speaking at...
The Davis Tax Committee has rejected the introduction of new mining taxes such as windfall taxes, surcharges based on cash flows, separate flat royalty charges and rent resource taxes, saying they are not necessary given the existing mineral...
Worldwide, entertainment and media companies are increasingly becoming targets for cybercrime as criminals find new and innovative ways to defeat security measures and controls. The theft of intellectual property or...
For most people drawing up a will it is something that they say they will “eventually get around to it”. But even when they do decide to draw one up, it is often done without much research or knowledge.
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Many South Africans are not aware that inappropriate use of medication, whether it is prescription or non-prescription, can lead to potentially dangerous health complications.
Teresa Kuschke, acting...
Wade Matterson, Principal and Practice Leader at Milliman Australia, said many similarities exist between South Africa and Australia’s retirement fund industry, and that financial institutions and their fiduciaries in...
“Stroke is the fourth most common cause of death and the leading cause of disability in South Africa. The good news for stroke patients, however, is that much can be done to treat and prevent this condition. A...
South African companies that conduct both direct and indirect business with US organisations must comply with the principles in the United States Foreign Account Tax and Compliance Act (FATCA), or risk heavy fines, and potentially find themselves...
The South African stock market makes up just less than 1% of global stock market capitalisation. Considering the small size of this market and that local shares are relatively expensive, Marriott is of the view that investors who adopt a global...
South Africans spend millions of rands a year investing and purchasing assets such as Krugerrands, gold, diamonds, collectible coins and art, as well as jewellery. These assets are the primary source of wealth for 13....
The second annual i3 Summit, hosted by Sanlam Investments and Glacier by Sanlam, was held in Sandton recently. Speakers sought to answer the question, ‘are we facing a social, economic and legislative revolution?’ The agenda featured political...
As South Africa’s eastern neighbour, Mozambique is one of our most important trading partners (26% of Mozambique’s imports come from South Africa, and 30% of its exports are to South Africa). South African companies...
Some say they are the modern-day dreamers or the ‘Lost Generation’. But, when it comes to The Millennials, is it...
Medical schemes are worried the country may be moving toward an environment of greater regulation of medical care pricing. This follows the release of the annual report of The Council for Medical Schemes (CMS) early September.
CMS chairman...
Leading voices from the motor and transport industry in South Africa have come out in solidarity against the cumulative high risk of vehicle ownership, highlighting the sea change required from leaders in the motor insurance industry.
The...
Few businesses can operate without the use of computer technology these days. Our economic and social fabric is held together by it; companies use it to automate their systems, gather and mine huge databases for marketing; and deal with their...
Growing cyber risk has ushered in the need for watertight methods of protecting personal data. According to the South African Fraud Prevention Service, identity theft is costing the country at least R1 billion per year and has increased by more...
The second annual i3 Summit, hosted by Sanlam Investments and Glacier by Sanlam, was held in Sandton recently. Speakers sought to answer the question, “are we facing a social, economic and legislative revolution?”
Trevor Manuel, with 20...
The National Department of Health recently gazetted proposed changes to regulations governing the payment of Prescribed Minimum Benefits (PMBs) by medical schemes, prompting a national debate. “While the need for changes is acknowledged, it is...
In the wake of the disaster at the northern Chinese port of Tianjin, Deidré Penfold, executive director of Chemical and Allied Industries Association (CAIA), reiterates that proper chemical storage is required to minimise the hazards associated...
The furore the beginning of August, subsequent to the Minister of Health giving notice of his intention to change Regulation 8 of the Medical Schemes Act, misses the point entirely about what factors are responsible for the massive cost...
While long-awaited retirement fund reforms have been postponed by at least a year, South Africans should not wait before they increase their levels of contributions.
Jerry Mayaba, Head of Legal at Standard Trust Limited South Africa says it...
As part of its aim to ensure that people who carry the Certified Financial Planner® / CFP® designation are qualified, experienced and professional, the Financial Planning Institute of Southern Africa (FPI) says it has terminated close to 350...
South Africa ranks 96 out of 157 countries and territories included in the Economic Freedom of the World: 2015 Annual Report, released in September by The Free Market Foundation (FMF) in conjunction with Canada’s Fraser Institute.
Last year...
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