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The newly regulated South African hedge fund industry grew its assets under management by R5.1 billion in the 12 months to 31 December 2015, ending the year with assets of R62.1 billion.
The unexpected removal of Nhlanhla Nene from the position of Finance Minister is of grave concern to the business sector of South Africa, especially as it comes only days after the downgrade of SA’s credit rating to just one level above speculative grade or junk.
Retailers have started enticing shoppers to splurge on Christmas gifts, but the Association for Savings and Investment South Africa (ASISA) is hoping to convince consumers to rather gift financial products designed to grow in value over time.
As the custodian of R8.5 trillion of the nation’s savings, the South African savings and investment industry is recognised as one of the country’s biggest contributors to the national GDP.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?