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The National Development Plan outlines the need to shift South Africa’s (SA) growth trajectory from one led by consumption to higher levels of fixed investment and exports.
Year-on-year inflation dipped to 6.2% in April from 6.3% y/y in March, but increased by 0.8% over the month largely owing to a drought-induced acceleration in food prices.
The Experian Business Debt Index (BDI) for the first quarter of 2016 shows that South African business debt health improved slightly, although it is still close to the zero level, which distinguishes between improvement and deterioration in business debt conditions.
SA has one of the most unequal societies in the world. The Gini coefficient declined only slightly between 2006 and 2011, from 0.72 to 0.69; change has been slow indeed.
What can retirement funds do to improve client-adviser engagement during members’ employment years?