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The national oil company Petroleum, Oil and Gas Corporation of South Africa (PetroSA) is the latest of a long list of cash-strapped state-owned enterprises (SOEs) to find itself in serious trouble, with reports that its flagship Mossel Bay gas-to-liquid refinery is set to run out of gas reserves by December 2020.
The current bull market reached its 10-year anniversary this June, making it the longest bull market run in modern history. Understandably, this makes investors nervous. Everyone remembers the mayhem of 2008 – and with the prices of shares at all-time highs, especially in the US, the fear of a recession is a valid concern for many investors.
Retirement funds’ topmost purpose and intention is to ensure that their members’ needs are met during retirement. This is akin to summiting Mount Everest, the world’s highest and toughest peak. Given the ever-changing nature of the workforce, fund consultants must find innovate ways to offer fund members suitable advice to help them reach their retirement objectives. This advice must be adaptable to the needs of the evolving behaviours, trends and decision-making habits of the various generations that make up the current workforce.
This Heritage Month, Momentum Investments CEO explains why getting back to basics is best
What do you believe will be the biggest challenge when the COFI framework is finally implemented?