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Staying positive: the Grinch[1] has not stolen Christmas

12 December 2017 | Economy

It may not be easy getting through the upcoming festive season and the year ahead, without a tinge of dread, given the local and global challenges we’ve experienced, but there is hope.

The Steinhoff example | Why machine learning powered investment algorithms trump traditional methods

11 December 2017 | General

Since news broke last week Tuesday of alleged accounting irregularities involving South Africa-based German listed retail giant Steinhoff, its share price has plummeted from R46.25 on Friday to between R6 and R7 today amidst a flurry of investor fear and panic selling. According to Stuart Reid, chief engineer at NMRQL Research (pronounced ‘Numerical’), the warning signs were there but ignored by many fund managers due to their inherent cognitive biases, highlighting the benefits of machine-learning powered investing.

A dramatic end to a dramatic year

11 December 2017 | General

The JSE was down sharply last week as scandal engulfed one of the biggest shares on the exchange. Steinhoff International shares plunged after the company’s auditors refused to sign off on its latest financial statements and its CEO resigned.

Remain true to your investment plan in tough times

11 December 2017 | General

While it might be hard to remain calm during market turbulence, if your customised investment plan is in play it is advisable to stick to the plan, regardless of market cycles. Even if you are feeling uncomfortable about the political or macroeconomic climate, it is best to consult a financial adviser before taking a knee-jerk reaction to short-term market fluctuations or volatility.

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The strongest deterrent against FSP compliance missteps is or should be:

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