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Tough first quarter for South African economy

20 May 2014 | General

Four important StatsSA data releases of last week - together with the previous week’s manufacturing data showing a 1.6% quarterly decline - confirm the view that the local economy struggled in the first quarter. Real retail sales grew by 1% year-on-year in March, down from 2.3% in February. Year-on-year comparisons can be tricky this time of year due to the Easter long weekend shifting between March and April, but the second consecutive month-on-month decline (-1.4% in March and -0.3 in February) suggests that the weakening trend in retail spending is resuming. January’s strong numbers now appear to be an outlier. On a quarterly basis, seasonally adjusted retail sales increased by only 0.6% in real terms in the first quarter compared to the last quarter of 2014. Compared to the first quarter of 2013, growth was 3.2%.

50 000 reasons to invest for the long term

20 May 2014 | General

When investing, there are some key concepts which should drive our thinking. The first is the importance of understanding which indicators are the ones we should be watching when making investment decisions – and which are simply just noise. The second is ensuring we’re taking full advantage of the power of compounding, diversification and spreading risk over time.

Momentum takes to the road with its new innovative products

20 May 2014 | General

Momentum Wealth Investments will be embarking on its annual roadshow aimed at intermediaries, in order to showcase new offerings that will be available to the market shortly. The nationwide roadshow covers 10 cities and towns across South Africa and takes place during May and June, 2014.

RECM Global Equity Fund receives FSB approval

20 May 2014 | General

Cape Town based global value manager RECM announced today that its recently launched Global Equity Fund received approval from the Financial Services Board (FSB). This allows the Fund to be marketed as a Foreign Collective Investment Scheme in South Africa. South African investors can now access a dollar-based portfolio of undervalued global equities, selected by RECM.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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