South Africa, 30 March 2021: Sanlam announced today that it would reboot its business to become a purpose-led organisation and brand, focused on giving millions of Africans the chance to live with financial confidence. In the next two to three years, the continent’s largest non-banking financial services group plans to catalyse this purpose through an expanded product offering, data and digital transformation, empowerment, building a future-fit culture, innovation and partner

Section 34 of the Prevention and Combating of Corrupt Activities Act, 2004 (PRECCA) places a duty on defined persons in a position of authority (i.e. director, manager, Chief Executive Officer) to report certain offences over R100,000. In terms of section 34(1) of PRECCA, any person who holds a position of authority, who knows or ought reasonably to have known or suspected that any other person has committed an offence in terms of sections 3 to 16 or 20 to 21 of PRECCA or the

A harsh truth facing many South Africans is that they haven’t saved enough. But what do you do if you find out your partner has no retirement savings? In this article we provide some guidelines to help you make the best of this precarious situation, and protect your relationship from money stress in the long term. It’s no surprise that for many, the golden years are not so golden. Imagine entering that final year or two before retirement with not only the knowledge that you h

Buying a property often comes with its own set of challenges, but women may find themselves facing a couple they may not have expected, says Lawrence Koikoi, Portfolio Manager at Momentum Investments With interest rates as low as they are, you may have heard that now is a good time to buy property, but only if you know what you’re doing. As a woman, however, it is particularly interesting to note that more single women are buying houses than ever before, according to a 2019 s

Alexander Forbes releases findings of 2020 Manager Watch™ Survey of Retirement Fund Investment Managers The Alexander Forbes Manager Watch™ Survey of Retirement Fund Investment Managers showcases the performance of institutional fund managers in South Africa, the largest and best asset managers, as well as their BB-BEE ratings. The survey, which was first published in 1994, includes 20 surveys: eight balanced, eleven specialist and one multi-manager. There was an increase of

A year after South Africa’s first Covid-19 case was identified, many companies are considering the possibility of employees working permanently from home, meaning this has become the future of work. Employees have been found to be more productive working from home, with greater flexibility to manage their own time, fewer hours wasted on commuting to the office or meetings and less office gossiping. Alexander Forbes Health Management Solutions has investigated what some work-f

What to know to invest offshore with confidence As we move towards the end of the first quarter of 2021, it seems timeous to review the state of the local investing landscape and the extent to which markets have reciprocated the hope with which many market participants would have started the new year. After an incredibly eventful 2020, the global investing environment has become a precarious one. In the aftermath of the pandemic, economies around the world are in a fragile st

SA wage growth comes in bottom of the log compared to emerging market peers The United Nation’s International Labour Organisation (ILO) named South Africa (SA) as one of the few Emerging Markets (EM) to experience a real fall in wages in 2020. SA’s economy registered one of the largest falls in nominal and real wage growth in 2020 compared to most of our comparable EM peers – Brazil, Russia, Mexico and parts of CEEMEA). The ILO estimates indicate SA saw a 4.8% fall in real w