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Press Room - Archive (Page 2)

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SA, US to discuss land reform

Published: Fri, 24 Aug 18

The Department of International Relations and Cooperation (DIRCO) will today meet with the US Embassy to address the tweet from United States President Donald Trump on land expropriation and crime in South Africa. DIRCO Minister Lindiwe Sisulu said the US President’s comment was "unfortunate" ...
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Women-owned businesses in the spotlight

Published: Fri, 24 Aug 18

Barriers such as limited access to credit facilities, financial skills training, stereotypes and traditions continue to affect women-owned businesses’ full participation in the economy. One woman, who knows this reality well, is Ayanda Mbambo whose Durban-based facilitation and coaching business still struggles ...
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BASA Statement on the National Credit Act Amendment Bill

Published: Fri, 24 Aug 18

By Cas Coovadia, MD of The Banking Association South Africa   Over-indebtedness is a serious economic and social challenge in South Africa. The Banking Association South Africa (BASA) supports debt intervention to assist low-income consumers whose circumstance have changed for the worse, through no fault of ...
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Winners of inaugural Alexander Forbes Investments Asterisk Awards announced

Published: Fri, 24 Aug 18

Alexander Forbes Investments is for the first time sponsoring three new awards to recognise the leaders of the South African investment schemes industry and also identify the year’s most exceptional funds and fund managers. The inaugural annual awards, to be known as the Alexander Forbes Investments Asterisk*Awards, ...
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FAIS Ombud determination puts emphasis on financial advice 101

Published: Fri, 24 Aug 18

On the 15th of August 2018, Naresh Tulsie, the Ombud for Financial Services Providers, ruled in favour of a complainant and ordered the respondent to pay the complainant a combined amount of R310 000. This follows an original recommendation made in terms of section 27 (5) (c) of the Act on 7 November 2017 ...
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How to spot investment red flags

Published: Thu, 23 Aug 18

South Africa has been rocked by a series of corporate scandals in recent years that have sent the share prices of former blue-chip companies like Steinhoff and EOH plummeting from their previous stratospheric highs. Investors who bought shares in both since January 2017 would have lost roughly 98% and 80% ...
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AlphaCode seeks next OUTsurance or Discovery offering R16m in support

Published: Thu, 23 Aug 18

AlphaCode, an initiative of Rand Merchant Investments (RMI), has set aside R16 million to identify a new generation of financial services entrepreneurs through its AlphaCode Incubate initiative. Explains Dominique Collett, head of AlphaCode and RMI senior investments executive, “The RMI board believes it is ...
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FPI awards “everything we desire in a Financial Planner”

Published: Thu, 23 Aug 18

Johannesburg, South Africa: The Financial Planning Institute of Southern Africa hosted a gala dinner to celebrate and crown the best of the profession. About 250 professionals in the financial planning profession came together at the Inanda Polo Club in Sandton, Johannesburg to celebrate what has admittedly ...
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INSETA withdraws RE study material

Published: Wed, 22 Aug 18

A notice on the INSETA website reads: “After receiving several complaints from stakeholders regarding the inaccuracy of the RE (FAIS) materials (sic), a decision has been made to withdraw the materials from the Inseta website. Unfortunately, the one linked on their website is still the 31 May version, which ...
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Measures to strengthen State-owned companies

Published: Wed, 22 Aug 18

Finance Minister Nhlanhla Nene has announced a set of measures aimed at strengthening State-owned companies. Addressing the National Council of Provinces (NCOP) on Tuesday, the Minister said given the dire situation in which some of these state-owned companies are in, capable and morally upright men and women are ...
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Land expropriation requires confrontation of past injustices

Published: Tue, 21 Aug 18

President Cyril Ramaphosa says the proposal of land expropriation without compensation to drive land redistribution has ignited a vigorous and welcomed debate. “It has required that we confront the injustices of the past. It means that we must expand the basket of agricultural support services available to both ...
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Greece's exit from the international bailout programme

Published: Tue, 21 Aug 18

By Coface the international trade credit insurance company Greek companies are experiencing a revival - more competitive and less indebted Multiple signs of an economic recovery Reforms have helped to clean up public accounts, restore Greece's credibility and strengthen confidence The crisis has resulted ...
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You either sleep well or you eat well

Published: Mon, 20 Aug 18

By Sherwin Govender, Business Development Manager at Glacier by Sanlam   It’s perfectly natural for clients to feel nervous about their investments, given the low-return environment over the past few years, and even more so when the client is nearing retirement. It becomes very difficult to be optimistic ...
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Competition Amendment Bill proposes tougher penalties

Published: Mon, 20 Aug 18

By Rosalind Lake and Erwyn Durman Norton Rose Fulbright South Africa Inc. The Competition Amendment Bill of 2018 introduces harsher penalty provisions which increase the enforcement powers of the competition authorities for purposes of deterring anti-competitive conduct. Removal of the ‘yellow card’ Currently, ...
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SA companies to invest $500m in SADC region

Published: Mon, 20 Aug 18

South African companies have pledged to invest $500 million in countries in the South African Development Community (SADC), President Cyril Ramaphosa announced at the weekend. President Ramaphosa made the announcement at the conclusion of the two-day 38th Ordinary Summit of the Heads of State and Government of the ...
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Getting to the bottom of state capture

Published: Mon, 20 Aug 18

The first public hearing in the much-awaited inquiry into allegations of state capture, corruption, fraud in government and state-owned entities will get underway in Parktown, Johannesburg, on Monday. Chairperson of the Commission of Inquiry into State Capture, Deputy Chief Justice Zondo, is expected to open proceedings ...
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Namibia’s SADC Summit to focus on implementation of industrialization strategy

Published: Fri, 17 Aug 18

Johannesburg: The 38th Summit of Heads of State and Government of the Southern African Development Community (SADC), which is taking place in Namibia on 17-18 August 2018, is expected to address a wide range of issues of importance to the SADC region, most notably the status of implementation of the SADC Industrialization ...
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SA poised to follow suit in utilisation of non-competition merger control to protect State security in foreign mergers

Published: Fri, 17 Aug 18

By Jason van Dijk Norton Rose Fulbright South Africa Inc. A controversial introduction in the latest draft of the Competition Amendment Bill of 2018 is the inclusion of a section that requires the State President to constitute a standing committee of cabinet ministers and public officials to consider ...
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Critical factors to fuel the data-driven enterprise

Published: Fri, 17 Aug 18

        Anton Jacobsz, managing director Networks Unlimited Africa     JOHANNESBURG: Successful digital businesses depend on data to provide the insights necessary to deliver new innovations, products, and services. But those insights are only as good as the underlying ...
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Corporate democracy: Moving beyond box-like thinking

Published: Thu, 16 Aug 18

At the 2018 Allan Gray Investment Summit, held recently in Cape Town and Johannesburg, keynote speaker Ricardo Semler challenged delegates to find new solutions to problems: “We have become box people who live, work and travel in box-like structures. Why?”   August 2018: Imagine working for a company ...
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