MoneyMarketing SA

26/07/2024

South Africans seem to have a unique way of doing just about anything. From the way we associate sports with national identity, to our proudly South African sense of humour that allows us to laugh off woes like loadshedding, ours is a country of people who do things differently. When it comes to handling money matters, the same applies. It’s not a country that’s renowned for its savings culture, but when South Africans do save, many make it a stokvel. Rapule Mahlangu, Head of Associations & Affinity Groups at Metropolitan goes into more detail: https://www.b2bcentral.co.za/old-school-stokvel-traditions-meet-new-school-thinking/

23/07/2024

Only by prioritising a concerted crackdown that brings all stakeholders together can the country arrest the spread of financial criminality, say DocFox, F**A Compliance Experts. South Africa is grappling with a “perfect storm” for rampant financial crimes like money laundering and fraud that are going widely under-reported and under-prosecuted, said Chad Thomas, CEO of IRS Forensic Investigations, at a recent Financial Crime Conference hosted by DocFox.

Read more about fighting financial crime: https://www.b2bcentral.co.za/south-africa-faces-perfect-storm-of-financial-crime-ready-to-fight-back/

**ACompliance

19/07/2024

It’s not a simple case of choosing between purpose and profit for asset allocators, many of whom are taking a more nuanced view as they engage with issues rather than avoiding them by disinvesting. Investors are increasingly applying non-financial factors related to Environmental, Social and Governance (ESG) issues to identify material risks and growth opportunities. MoneyMarketing SA contributor Siobhan Cassidy investigates further.

Read more about the rise of ESG investing: https://www.b2bcentral.co.za/what-is-the-point-of-wealth-in-a-broken-world/

18/07/2024

Blending hedge funds is like a political coalition, without the volatility and without compromising returns. You might be intrigued to discover the unexpected parallels between the inception of the new Government of National Unity and the blending of hedge funds. Emma Botha, Investor Relations at Amplify goes into more detail.

Read more about the surprising outcomes from blending hedge funds:

18/07/2024

South Africa’s greylisting by the Financial Action Task Force (FATF) in early 2023 has created significant economic challenges, says James Saunders, Co-founder and CTO at RelyComply. The development tarnishes the country’s reputation, causes delays and higher costs in international transactions, and potentially deters inbound foreign investment. But the good news is that the damage to the country’s international standing and economy needn’t be permanent.

Read more about beating the stigma of greylisting:

17/07/2024

South Africans who find the traditional rite of passage of buying property as a home unaffordable are exploring alternative ways of getting a foot on the property ladder – from buying shares in real estate investment trusts (REITs) to fractional ownership in properties. MoneyMarketing SA Contributor Siobhan Cassidy looks at an interesting alternative.

Read more about an easy way to invest in property: https://www.b2bcentral.co.za/another-way-to-get-a-foot-on-the-property-ladder/

17/07/2024

KPMG International is forecasting global growth will slow from the 2.7% 2023 pace to 2.5% in 2024 and rebound to 2.7% next year. Meanwhile, inflation is expected to continue to cool, but in many countries, the price pressure will take longer to unwind than it took to emerge. Experts from KPMG go into more detail.

Read more about global economic predictions: https://www.b2bcentral.co.za/geopolitical-uncertainty-slowing-growth-but-gdp-rebound-forecast-for-2025/

16/07/2024

While electric vehicles, batteries, solar panels and windmills dominate headlines around the energy transition, boring bits of the system may do just as much to propel the transition forward – and the companies that provide them may be much more attractive investments. Alec Cutler, Portfolio manager of the Orbis Global Balanced Fund explains further.

Read more about energy investments you may not have considered: https://www.b2bcentral.co.za/complexity-in-energy-transition-attracts-investment-opportunity/

15/07/2024

Momentum Wealth has introduced an innovative tool, the Income Illustrator, empowering financial advisers to optimise retirement income strategies for their clients. With a focus on blending certainty and flexibility for people, this innovative solution aims to reimagine retirement planning in South Africa. Martin Riekert, Chief Commercial Officer at Momentum Investments Group explains further: https://www.b2bcentral.co.za/bridging-the-gap-within-financial-planning/

12/07/2024

Market fluctuations have led many investors to prioritise stability in their portfolios, and fixed- rate investments, known for offering consistent returns with lower risk compared to stocks, are becoming increasingly popular. Michael Field, Fedgroup GM: Investments explains how leading the charge is Fedgroup, who can help achieve predictable returns through their solutions by offering a fixed rate of return.

Read more about Fedgroup’s latest investment solutions here: https://www.b2bcentral.co.za/fedgroups-stable-suite-of-fixed-rate-investment-solutions/

02/07/2024

PSG Wealth was named Top Wealth Manager of the Year: Large Institutions at the prestigious Krutham Top Private Banks and Wealth Managers Awards for the sixth consecutive year. The firm also placed first in five out of the six archetype awards taking top honours in the Young Professional, Successful Entrepreneur, Wealthy Executive, Lump-sum investor and Retiree archetype categories. Read more about PSG’s incredible achievement: https://www.b2bcentral.co.za/psg-named-sas-wealth-manager-of-the-year-again/

01/07/2024

Statistics show that one in five people will suffer from a serious illness at some stage in their life, which is why dread disease and disability insurance are essential, says Clyde Parsons, Chief Innovation Officer BrightRock. But do clients really understand the intricacies of these types of insurance and how they fit into their portfolios? We help you to break it down for them: https://www.b2bcentral.co.za/helping-your-clients-understand-the-differences-between-disability-and-dread-disease-cover/

28/06/2024

A third of Standard Bank’s customers looking to buy a car have opted to include the maximum balloon payment in the past 12 months as South Africans continue to struggle with affordability as a result of high interest rates. “Given the current cost of living crisis, and the 15-year high interest rates in South Africa, consumers are looking for more
ways to stretch their budgets. High fuel costs have added to consumer strain by pushing up vehicle ownership costs significantly in the past three years,” says the Head of Standard Bank VAF Enablement, Glenn Stead. Overall, new vehicle purchases including a balloon payment have increased by 41% in the past five years, the bank’s data shows.
Read more about the impact of balloon payments: https://www.b2bcentral.co.za/consumers-increase-balloon-payments-in-the-last-5-years/

27/06/2024

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27/06/2024

“I don’t want my kids to go through the same struggles I did.” That’s the mantra most parents have for their children. They may also be aware that their children will face financial challenges they never did. Many jobs, for example, require significantly higher levels of educational attainment than was the case 20 or 30 years ago. Those parents may also know that it will take their children longer to save up for a deposit on their first home, leaving them living at home or renting for longer. Caroline Naylor-Renn, COO, 10X Investments takes a look at why TFSAs shouldn’t be overlooked. Read more about using TFSAs as educational policies: https://www.b2bcentral.co.za/could-a-tax-free-savings-account-be-vital-to-secure-your-childs-financial-future/

26/06/2024

An adviser can be an Einsteinian equation maestro, and view financial plans in 4D, but their success hinges not only on their financial acumen, but equally on the strength of their relationship with clients. Good client relationships are the foundation of a successful advisory practice, says Angelique Barnard, Coordinator of Daily Adventures, Allegiance Consulting. Read more about building client relationships: https://www.b2bcentral.co.za/human-connection-financial-guidance/

20/06/2024

Suren Maharaj, CEO of SM Consulting, holds the unique advantage of having worked extensively in both the private and public sectors, with notable successes in each. Here he discusses his secret to dealing with struggling entities, and gives some advice on dealing with the challenges in both of these sectors: https://www.b2bcentral.co.za/making-his-mark/

19/06/2024

1Life Insurance launched the 2024 generational wealth youth survey, which confirms that youth in South Africa are far from achieving financial freedom and building wealth, placing them at a tremendous disadvantage. Read more about the perilous financial situation of our youth: https://www.b2bcentral.co.za/youth-day-more-than-50-of-south-african-youth-dont-know-how-to-build-a-financially-stable-future-says-1life-insurance-survey/

18/06/2024

Retirement fund members will have access to a part of their retirement fund benefits in case of emergencies or financial hardship when the two-pot system is implemented. But even though you will be able to withdraw money from your savings component, you don’t have to. Niel Joubert from Momentum Investment Group recommends that clients don’t withdraw anything from retirement funds so that they can retire more comfortably. Read more about why early retirement withdrawal is not the best option: https://www.b2bcentral.co.za/keep-your-savings-pot-invested/

14/06/2024

Last week while I was driving home, listening to one of my favourite podcasts, an interesting discussion came up on hedge funds. While I enjoyed the coverage of hedge funds, I found the tone of the conversation dressed in fear and wariness. It was acknowledged several times in the interview that hedge funds confuse the average investor. This may be true when compared to an equity fund, which intuitively makes sense to the man on the street; however, try explaining an income fund which uses bonds, FRNs, ILBs, structured notes and other instruments wrapped in colloquial jargon, says Mike Titley, Business Development and Marketing at Laurium Capital. Read more about the power of hedge funds: https://brnw.ch/21wKJuT

13/06/2024

Including Fixed Income in a portfolio gives some peace of mind but, the experts say, investors shouldn’t be too complacent. Nothing is 100% fire-proof. Fixed Income broadly refers to those types of investment securities that pay investors fixed interest until their maturity date, at which point the original amount (principal) is repaid. The asset class includes a wide range of instruments, from fixed deposits and money market funds to multi-asset income funds and bonds. MoneyMarketing SA Contributor Siobhan Cassidy investigates further: https://brnw.ch/21wKHOV

Including Fixed Income in a portfolio gives some peace of mind but, the experts say, investors shouldn’t be too complacent.

12/06/2024

Advances in medical science and technology, combined with better sanitation and hygiene, have dramatically increased life expectancy and quality of life, explains Michael Emery, Marketing Executive at Ambledown Financial Services. South Africa’s life expectancy is currently just over 65 years, somewhat below the global average of 71 years but still double what it was in 1900. While these figures vary slightly depending on which data is used, the trend is clear: we are living longer. At the same time, though, it’s important to recognise that longevity must be accompanied by good health, or it becomes a burden. Read more about the rise of gap cover: https://brnw.ch/21wKG2P

Advances in medical science and technology, combined with better sanitation and hygiene, have dramatically increased life expectancy and quality of life, explains Michael Emery, Marketing Executive at Ambledown Financial Services.

11/06/2024

The creation and preservation of wealth is a delicate balance between adequate planning, obtaining the right advice, ensuring the correct establishment of an offshore structure, and the implementation of transactions to bring the structure to life, says Tanya van Schalkwyk, Structured Solutions Analyst: Bravura. Read more about offshore investing trends: https://brnw.ch/21wKDzN

The creation and preservation of wealth is a delicate balance between adequate planning, obtaining the right advice, ensuring the correct establishment of an offshore structure, and the implementation of transactions to bring the structure to life, says Tanya van Schalkwyk, Structured SolutionsAnaly...

10/06/2024

Traditionally, lump sum benefits are seen as the solution to providing protection against major health events. Critical illness cover will pay out a lump sum on the diagnosis of a serious illness, and disability cover will pay out a lump sum in the case of a permanent disability. And while there is a place for lump sum benefits, this approach has one major shortcoming, explains Nic Smit, Chief Product Actuary at Bidvest Life. Read more critical illness income benefits: https://brnw.ch/21wKBwX

Traditionally, lump sum benefits are seen as the solution to providing protection against major health events.

07/06/2024

AI has shattered boundaries once thought exclusive to human intellect: passing the Bar and Medical Licencing exams, mastering multiple languages, and revolutionising scientific research with breakthroughs in protein folding and drug development. From defeating world champions in chess to creating stunning art and composing original music, AI’s prowess extends to strategic thinking, creative expression and beyond. Kobus Barnard, CEO at Allegiance Consulting explains further: https://brnw.ch/21wKx9O

AI has shattered boundaries once thought exclusive to human intellect: passing the Bar and Medical Licencing exams, mastering multiple languages, and revolutionising scientific research with breakthroughs in protein folding and drug development.

07/06/2024

The June issue of MoneyMarketing SA is ready to read. We focus on the impact of technology on the financial services sector, the latest news in offshore investing and we ask the question: is fixed income still a good bet? We've also got info on educating clients on dread disease cover.

Click here to find out more: https://www.b2bcentral.co.za/digital-issues/moneymarketing-june-2024/

07/06/2024

The MoneyMarketing SA 2024-2025 Tax Guide, sponsored by Glacier by Sanlam, is now available. Packed with essential insights and expert advice, this guide equips you with the latest updates and strategies to navigate the complex tax landscape effectively. From changes in tax laws to optimisation techniques, each section offers invaluable knowledge to help you provide informed guidance to your clients.

You can access the tax guide here: https://brnw.ch/21wKwSX

Click here to read online or download the guide

06/06/2024

Financial advisers understand the value of time. Every minute spent managing investments is a minute taken away from building relationships with current clients, meeting with prospective clients or growing their advisory business, says Daniel Schoeman, CFA, CIO, Analytics Multi-Manager. Yet, investment management remains a core competency for many advisors. Any time spent on investment management may start to hinder growth and limit the ability to serve clients effectively. This is where partnering with a DFM can be a game-changer. Beyond the well-known benefits of investment expertise and portfolio diversification, DFMs also offer three often- overlooked benefits that can significantly enhance financial advisers’ practices: Time; freedom; peace of mind. Read more about why DFMs could change your life: https://brnw.ch/21wKuuH

05/06/2024

Since President Cyril Ramaphosa publicly signed the National Health Insurance (NHI) Bill on May 15, there has been a huge outcry, threats of litigation and, unfortunately, a great deal of misinformation. Lee Callakoppen, Principal Officer of Bonitas Medical Fund, the second biggest private medical aid scheme in South Africa, says the Act is a complex piece of legislation that still needs to be clarified, along with new reforms and regulations that will need to be introduced, which could take years. His advice to private healthcare members: Remain calm, it is ‘business as usual.’ Read more about the current state of the NHI: https://brnw.ch/21wKrSN

04/06/2024

Many living annuity providers across South Africa can no longer offer unlimited offshore exposure to their clients when they retire. That is because investment companies may not in aggregate invest more than 45% of their assets under management offshore. Once they have reached that limit, which many have, they can only allow individual clients to invest up to 45% of their assets in rand-denominated offshore funds to ensure they stay, on aggregate, within the limit. This limit does not only apply to living annuities, but also to products like endowments and certain tax-free savings investments. Martiens Barnard, Marketing Actuary at Momentum Investments explains further: https://brnw.ch/21wKpXQ

Many living annuity providers across South Africa can no longer offer unlimited offshore exposure to their clients when they retire.