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“The more things change; the more they stay the same” - COVID-19: Like a strong wind blowing against South Africa’s ‘house of cards’ economy

“The more things change; the more they stay the same” - COVID-19: Like a strong wind blowing against South Africa’s ‘house of cards’ economy

08 May 2020 | The Stage

A quick scan of the news headlines on local websites ewn.co.za, fin24.com, and moneyweb.co.za shows why comedians like Trevor Noah and cartoonists like Dr Jack and Zapiro never run out of material. Stare disconsolately at the drivel behind these headlines and you will learn why columnists and opinion writers will never be short of topics either. After considering the headlines dated 8 May 2020 two thoughts entered my mind: the first was whether to ingrain the facepalm emoji as a permanent overlay for life; and the second to ponder the adage: The more things change; the more they stay the same.

An opportunity to engage with clients

An opportunity to engage with clients

05 May 2020 | Straight Talk

South Africa’s financial advice community should prepare for a flood of requests from clients to review their living annuity drawdown limits. National Treasury (NT) has announced that it will expand access to capital in living annuity funds by allowing annuitants greater flexibility in choosing their drawdown rates. The minister of finance will temporarily amend the amount referred to in paragraph (b) of the definition of ‘living annuity’ in section 1(1) of the Income Tax Act as well as allow for changes “irrespective of the date on which the living annuity contract was concluded”. Annuitants will be able to drawdown between 0,5% and 20% of their living annuity capital (previously 2,5% to 17,5%).

The blurring line

The blurring line

14 April 2020 | Straight Talk

It is time to step away from the word ‘passive’ in passive investment management and accept that all investment strategies depend on dozens of active investment decisions. This view emerged during a panel discussion at the 2020 Investment Forum, held in Cape Town in March 2020. The panellists, who presented in-camera following the event’s quarantine due to COVID-19, were tasked with answering whether the active versus passive debate missed the mark?

FAnews April 2020 Edition

FAnews April 2020 Edition

08 April 2020 | Featured Story

The April 2020 edition is out, just in time for you to do another three CPD hours. This edition is packed with high-level, well researched content and we are proud of each article. You will see that CPD articles are now marked so you can easily spot them, but please do not skip the others as you will miss out on good reading material.

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Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer
Amidst the chaos… we have you covered!

Amidst the chaos… we have you covered!

23 March 2020 | The Stage
SAIA clears the air on the Accountable Institution conundrum

SAIA clears the air on the Accountable Institution conundrum

11 March 2020 | The Stage
Concerns over increased strikes risk

Concerns over increased strikes risk

10 March 2020 | Featured Story
Should Eskom be powered with pensions?

Should Eskom be powered with pensions?

25 February 2020 | Straight Talk
Whats inside

Whats inside

20 February 2020 | The Stage
Are South Africans choosing the safer bet

Are South Africans choosing the safer bet

05 February 2020 | Straight Talk
Not justified in declining liability

Not justified in declining liability

27 January 2020 | The Stage
Investigating a changing insurance market

Investigating a changing insurance market

16 January 2020 | Featured Story