Finance Trends 2018

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Court probes 'unsecured credit' by Capfin
Court probes 'unsecured credit' by Capfin

Steinhoff International's troubles continue to mount. On Thursday, the Cape High Court began to interrogate the controversial lending practices of Capfin, which provided unsecured credit to customers of Pepkor and Ackermans...

By Ann Crotty 2 days ago

RwandAir launch of direct route to Cape Town expected to boost tourism, trade and investment
RwandAir launch of direct route to Cape Town expected to boost tourism, trade and investment

The Cape Town Air Access initiative warmly welcomes the announcement made by RwandAir that it will launch a direct route to Cape Town this year.

2 days ago

President Cyril Ramaphosa. Photo: Sandton Chronicle
#BizFinFocus: Wishlist for #SONA2018

South Africans wait with bated breath to hear what President Cyril Ramaphosa has to say in his maiden State of the Nation Address (Sona) tonight...

2 days ago

The Give Art Life book by Cullinan for client Absa L'Atelier.
"Financial advertising is far from boring": Cullinan SA on their Midas Award wins

While the advertising industry is cluttered with award shows, the Midas Awards that recognise the world's best financial advertising are ones to watch as this form of brand messaging is aimed at gaining the rarest kind of consumer trust imaginable. Here's how SA's own Cullinan agency recently proved its weight in gold...

By Leigh Andrews 3 days ago

Former president, Jacob Zuma
#ZumaResigns: Rand basks in the glow of Zuma departure

The rand stabilised at much stronger levels on Thursday morning, after Jacob Zuma bowed to pressure to resign as president, clearing the decks for his deputy, Cyril Ramaphosa, to take over the reins...

By Andries Mahlangu 3 days ago

EmptyTrips launches SureFox cargo insurance
EmptyTrips launches SureFox cargo insurance

Launched today, SureFox Instant Cargo Insurance, powered by EmptyTrips, aims to make enterprise cargo insurance accessible online...

3 days ago

Tower Property Fund seeks a rerating
Tower Property Fund seeks a rerating

Tower Property Fund could receive a rerating this year and raise capital as the junior property stock looks to stabilise its Croatian portfolio and complete developments in Cape Town...

3 days ago

Professor Raymond Parsons, economist at North West University School of Business and Governance
#ZumaResigns: Time to rebuild South Africa's tattered economy

He might not have gone gentle into the good night - to misquote Dylan Thomas - but he's gone, and now South Africa can start rebuilding its tattered economy in a post-Jacob Zuma era...

3 days ago

How about a 'Gauteng Silicon Valley'?
How about a 'Gauteng Silicon Valley'?

According to MTN Business, more needs to be done to connect and amplify the milestones that the provincial government, the private sector, and universities have done to build a digital city in Johannesburg...

14 Feb 2018

NPC welcomes State Capture Commission
NPC welcomes State Capture Commission

The National Planning Commission, led by its Chairperson Minister Jeff Radebe and Deputy Chairperson Malegapuru Makgoba, has welcomed the establishment of the Commission of Inquiry into State Capture...

14 Feb 2018

Sarb to weigh up fintech and its impact on regulation
Sarb to weigh up fintech and its impact on regulation

The South African Reserve Bank (Sarb) has established a fintech programme to assess the impact of technology on the financial services sector, and its regulatory implications...

14 Feb 2018

SA property stocks under selling pressure
SA property stocks under selling pressure

The Resilient group of companies, which has regularly outperformed its peers in terms of capital and dividend growth, has had a torrid start to the 2018 calendar year...

By Shawn Phillips 14 Feb 2018

Sandy McGregor, portfolio manager at Allan Gray
#BizFinFocus: With Zuma gone...the time has come to fix SA's economy

President Jacob Zuma has been shown the door, now Cyril Ramaphosa needs to roll up his sleeves to arrest our downward spiral into economic disaster...

By Sandy McGregor 14 Feb 2018

Property developers will face cash flow pressure due to VAT on temporary rental of residential units
Property developers will face cash flow pressure due to VAT on temporary rental of residential units

The curtains have come down on section 18B of the Value-Added Tax Act, No. 89 of 1991 (VAT Act) and the resultant impact may catch a few residential property developers off-guard...

By Chetan Vanmali, Des Kruger and Andile Miya 13 Feb 2018

Sars to hold sugar tax roadshows in March
Sars to hold sugar tax roadshows in March

The South African Revenue Service (Sars) will engage industry stakeholders on the Sugary Beverages Levy...

13 Feb 2018

Sarb plans commemorative banknotes for Madiba's centennial
Sarb plans commemorative banknotes for Madiba's centennial

The South African Reserve Bank (Sarb) will be issuing a set of commemorative banknotes to honour Nelson Mandela's centenary...

13 Feb 2018

Tax break for voluntarily retrenched employees
Tax break for voluntarily retrenched employees

Sait recently made submissions to Sars regarding the tax treatment of amounts received in consequence of voluntary retrenchments. Sait has received clarification that voluntary severance packages qualify as severance benefits...

By Joon Chong, Dhevarsha Ramjettan, Nivaani Moodley a 12 Feb 2018

Resilient's fight with short seller set to intensify
Resilient's fight with short seller set to intensify

The battle between property group Resilient and a previously anonymous short seller, identified as 36One Asset Management, looks set to heat up considerably this week as the JSE announced it was investigating recent trading of the shares in the Resilient stable...

By Ann Crotty 12 Feb 2018

Photo: Greenpeace
Millennials and Generation Z: Leading the charge in corporate governance

There's no place to hide. From state capture to large-scale corruption and wrong-doing, the sordid underbelly of corporate South Africa has been exposed and found wanting when it comes to good governance and ethics...

12 Feb 2018

#BizFinFocus: Five financial survival tips for 2018
#BizFinFocus: Five financial survival tips for 2018

Although the shift in political outlook, and Team South Africa's campaigning at the World Economic Forum in Davos have set the rand on a dramatic positive turnaround, the country is not out of the woods just yet...

12 Feb 2018

A South African's guide to moving to and making it in Malta: An economy of fireworks
A South African's guide to moving to and making it in Malta: An economy of fireworks

After a decade's diet of negative South African poltico-economic views, I'd forgotten that curious feeling of civic optimism, the effervescence of possibility and the Candidean sense of living in the best of all possible worlds that good news cultivates...

By Marcus 'The Maltese Falcon' Brewster 9 Feb 2018

FICA: Being an accountable institution and following client due diligence
FICA: Being an accountable institution and following client due diligence

The FIC Act is designed to enable authorities to better understand the movement of money in order to reveal unlawful activities. However, the regulations therein not only pertain to transgressors of the Act, but also companies involved in a business relationship with those companies...

By Hondo Swartz 9 Feb 2018

Make the most of your money with AI and machine learning
Make the most of your money with AI and machine learning

While a variety of popular apps such as Apple Siri, Google Now, Amazon Alexa and Microsoft Cortana promise to enhance people's lifestyles, few will have more impact on consumer behaviour than personal finance assistants...

By Bradley Elliott 9 Feb 2018

#BizFinFocus: Move over Bitcoin, these are the altcoins to watch in 2018
#BizFinFocus: Move over Bitcoin, these are the altcoins to watch in 2018

Bitcoin's movements over the last year have certainly paved the way for up-and-coming altcoins...

9 Feb 2018

Roger Baxter, CEO: South African Chamber of Mines
#miningindaba18: Regulatory environment threatens investment in mining

After a tumultuous ride, the world economy pendulum is starting to swing in favour of commodities, but it's the current regulatory environment that is the real trial facing the South African mining industry...

By Nicci Botha 9 Feb 2018

Dan Matjila. Picture: African Business Magazine
PIC chief apologises over Eskom

Public Investment Corporation (PIC) CEO Dan Matjila was forced to apologise to public servants after they bemoaned the lack of consultation when the investment manager advanced R5bn to Eskom...

By Theto Mahlakaona and Carol Paton 8 Feb 2018

Brimstone CEO Mustaq Brey. Image credit: Sunday Times
Brimstone Investment Corporation sells R387m stake in Tiger Brands

Enduring empowerment company Brimstone Investment Corporation has confirmed the sale of R387m worth of shares in food brands conglomerate Tiger Brands...

By Marc Hasenfuss 8 Feb 2018

Unlock The Block hackathon helps to improve everyday life
Unlock The Block hackathon helps to improve everyday life

The Unlock The Block hackathon, hosted by Linum Labs and the African Institute of Financial Markets And Risk Management, showed that blockchain technology isn't just about trading cryptocurrencies - it can make everyday life better...

8 Feb 2018

Is VAT on the rise?
Is VAT on the rise?

With the budget speech coming up, the R50bn question is whether the minister of finance will announce an increase in the VAT rate, and if so, what that increase will be?

8 Feb 2018

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