What’s behind the strengthening of the Rand?

Published Date: 18 minFin24Source: Fin24 The rand has gained +15.1% versus the dollar since the start of the year, noted Overberg Asset Management (OAM) in its weekly overview notice of the economic and political landscape in South Africa. The unit has appreciated for seven straight weeks and is the strongest performer among emerging market currencies over the past month with a gain of +7.81%. OAM said that the biggest factor…

Retirement reform ‘still alive’, but is it well?

“It will depend on discussions going forward – Treasury official. Ingé Lamprecht   |  27 July 2016 00:26  JOHANNESBURG – The retirement reform process is “still alive”, but whether it is “alive and well” will to a large extent depend on future discussions, a Treasury official has said. Speaking at the 10X Investments Conference, Olano Makhubela, chief director for financial investments and savings at National Treasury, said these discussions are not easy as parties…

The most important thing about a downgrade

“Is how a country responds. Patrick Cairns   |  25 July 2016 00:37  CAPE TOWN – While last month’s decisions by S&P and Fitch not to downgrade South Africa’s credit rating were met with a lot of relief in the markets, the threat is far from past. In December the country will once again face decisions from the two ratings agencies, and there is still a high chance that a downgrade will be announced.…

Can you afford a living annuity?

   “‘The majority of retirees choose an annuity when they retire, that does not provide them with longevity protection.’ Simon Peile  |  25 July 2016 00:01 In our previous articles we have written a lot about guaranteed annuities, whereby you are guaranteed to receive a monthly income for the rest of your life, regardless of how long you live. If you purchase a guaranteed annuity with your retirement capital when you…