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The Portfolio Committee on Land Reform investigates the Ingonyama Trust’s legal status following governance concerns raised by King Misuzulu’s suspension of the Trust Board.
Explore how South African businesses can combat the rising threat of money laundering and protect their operations from criminal activities.
The runners-up in the South African Manager of the Year race were last year’s winner, PSG Asset Management, in second place and Boutique Collective Investments in third place, each of which received a certificate.
The awards recognise the best actively managed unit trust funds on straight performance over three years and on risk-adjusted performance over five years to the end of 2023.
The year 2023 turned out far better for unit trust and exchange traded fund investors than many market commentators predicted.
Personal Finance has always aimed at cutting through industry jargon to explain finance in language you can understand.
Although many are of the view that South Africa introduced more stringent measures for trusts and companies in the past year, out of free will, the opposite is true.
The unit trusts industry, therefore, concluded the third quarter of this year with net quarterly inflows of R39 billion.
Trustees are to keep a record of all the prescribed information under the TPCA, the regulations and Sars’s requirements.
As a country, there is no alternative for us but to work together, as the consequences of non-compliance will be too ghastly to contemplate.
Locally, investment performance echoed the subdued sentiment on the state of the South African economy.
Investing for an income is what you do, for example, when buying a life annuity with your retirement savings. You aren’t investing for some long-term accumulation goal; you are putting your money in an investment that will hopefully give you a sustainable return from which you can withdraw at regular intervals for your day-to-day living expenses.
Dividing your savings into two separate categories – each with its own purpose – can provide clarity and boost your progress towards achieving your financial goals.
Our local collective investment industry attracts many of our brightest minds and boasts a level of sophistication and expertise to match the best in the world. I have always marvelled at this, considering how few South Africans consciously save.
Commercial paper is a type of debt instrument issued by funders, which are not necessarily registered banks or authorised credit providers, to provide finance to companies to cover their short-term operational needs, or as the bean counters call it – working capital.
Financials were the best-performing sector on the JSE, gaining 6%, and resources stocks the worst, dropping by 6. 4%.
A complicated part of a trust is its tax treatment, the fact that it is a taxpayer of last resort. This means other taxpayers may have to reflect trust generated income and capital gains in their tax returns rather than the trust on its tax return.
South African investors were recently introduced to a new type of investment, the actively managed exchange traded fund, or AMETF. Although these funds have existed for some time on overseas markets, recent changes in financial regulations now allow for them to be traded on the JSE.
Last week, exploring gold as an investment, I dug up some interesting facts about the yellow metal and looked at the history of the gold price over the last half-century.
After reaching record levels of above 80 000 points in early January, the local stock market, as represented by the JSE All Share Index (Alsi), declined, probably on the back of South Africa’s load-shedding woes, continuing global inflation worries, and the US and European banking crisis, which, it seems, turned out to be not such a crisis after all.
Retirement planning is crucial for everyone, but for business owners, it can be particularly complex. Unlike salaried employees who can rely on employer-provided retirement benefits, business owners have to take full responsibility for planning and saving for their own retirement.
The advantage is that stokvel members have an all-encompassing investment strategy that meets their demands in the short and long term rather than being overly involved in the short-term investments.
Investing is a key aspect to creating personal wealth. An individual can select the stocks or bonds themselves, or outsource this to a fund or investment manager. Making the right choice when selecting a fund manager is key to long-term gains.