KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL

FANews
FANews
RELATED CATEGORIES
Category Economy
SUB CATEGORIES General |  Budget 2017 |  Budget 2018 |  Budget 2019 |  Budget 2020 |  Budget 2021 | 

Going down…

17 August 2004 Angelo Coppola

(18.8.04) The currency regained approximately 1.5% of its value which was lost after the recent rate cut. After the reduction in the repo rate the volatility of the currency increased significantly - despite the SARB statement that it wants a stable curre

RMB AM and Business Day report that yields on the capital market followed the retracing rand and closed stronger. Commodities where mixed with platinum dropping 1.42%, gold higher at $404.10 and oil up by 0.70% on a continued poor outlook.

European markets closed in the black, albeit barely, with bargain hunting the name of the game. US markets closed higher after several retailers reported strong earnings coupled with lower July consumer inflation – the Dow Jones gaining 0.18% and the Nasdaq was up 0.70%.

The Far East is currently trading mixed with the Hang Seng down by 0.06% and the Nikkei positive by 0.22%. Local markets should follow the currency closely as no other direction or news is expected.

Quick Polls

QUESTION

Healthcare brokers have long complained about inflation-plus medical scheme contribution increases; but pandemic may have changed things. What will pandemic-induced changes in hospital utilisation do to medical scheme contribution increase patterns?

ANSWER

Below inflation increase for 2022, then back to inflation-plus
Long-term trend of below inflation increases
Inflation-linked hikes for 2022, then back to inflation-plus
This is a 2-year hiccup, inflation-plus increase trend remains in place
fanews magazine
FAnews June 2021 Get the latest issue of FAnews

This month's headlines

Broker and insurer collaboration should not be a one-way street
Running on outdated systems… There's risks
Policy wordings with respect to COVID-19
Death or divorce... how best to split assets
Ethical investing… principles and moral codes
Portfolio positioning will serve investors well
Subscribe now