1/4
Follow Us

Latest News - Interactive

  • LinkedIn
  • Twitter Basic Square
  • Facebook Basic Square

As a central knowledge portal to the retirement and related industries, EBnet publishes a range of daily articles submitted by a range of industry organisations, experts and contributors. Readers can also comment on and contribute to articles.

Shari’ah investing, a form of ethical investing, is arguably a scarcely understood discipline within discretionary fund management (DFM), even by seasoned investment professionals. With its Quranic basis and grounded in Islamic trite law (Shari’ah law), there is the belief that Shari’ah investing is exclusively for investors who follow Islam. This is a misconception, says Imraan Khan, Research and Investment Analyst at Glacier Invest.

Specific investment objectives

Shari’ah investing helps investors who have an ethical or moral interest in where their money is being invested.  Shari’ah-compliant...

Highlights

  • Economic growth and inflation rates revised significantly lower.

  • Tax revenue collection shortfall of R52bn in 2019/2020.

  • Debt to GDP ratio rises above 70% over the medium term and continues to rise thereafter.

  • Moody’s will likely change the outlook from stable to negative on 1 November followed by a downgrade in 2020 if no reforms are implemented.

  • Bond yields will likely rise and the rand will weaken against the US dollar although it appears that the negative rating action is largely priced in already.

Fiscal unsustainability to trigger negative rating actio...

Finance Minister Tito Mboweni’s second Medium-Term Budget Policy Statement (MTBPS) paints a stark financial picture. The consolidated deficit numbers for next year, the 2020/21 fiscal year, have risen from a projection of 4.3% in the February 2019 Budget to 6.5% now.  This massive increase reflects the inability of government to make hard decisions.  While Mboweni’s speech was filled with rhetoric around commitments to cut expenditure and narrow the deficit by February 2020, there were no details on how government proposes to cut spending. 

South Africa has one of the steepest yield c...

The rand lost 1.5% against the USD early in the MTBPS as the Finance Minister compared South Africa to a winter season, where the ground is dry.

He emphasised that debt is accelerating at an unsustainable pace and the economic landscape is dismal. He stressed that a weak global environment is adding to pressure on the local economy and that drastic action is needed to ensure that SA creates a sustainable economic environment.

Domestic policy missteps were highlighted as one of the key issues for emerging market turmoil, touching on Mexico and Brazil.

Expected GDP growth is now set at 0.5% for 201...

Sasol Limited’s long-awaited Climate Change Report was released on 28 October 2019. The report, titled “Positioning for resilience in a low-carbon future”, is dated 30 June 2019 and is the company’s “first report aligning with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)”. Sasol’s outgoing Chairman Mandla Gantsho acknowledges in the company’s 2019 Integrated Report [1] that concern expressed by stakeholders at its 2018 AGM had resulted in the company conducting “accelerated resilience testing of our corporate strategy against various climate change scen...

With all the uncertainty in the South African market and concerns about future investment returns, many investors are looking offshore for investment opportunities. A diversified investment portfolio is always a good strategy when saving for retirement but before you set off looking for greener pastures in offshore markets, take note of Regulation 28 and its integration in retirement annuity funds.

Retirement annuity funds are governed by Regulation 28 as per the Pensions Fund Act and prescribe certain maximum limits on the various asset classes you can invest in. Regulation 28 is enforced to p...

Years of fiscal consolidation - cutting expenditure and raising revenue mainly through tax increases, have failed to deliver the desired outcome. The Main Budget deficit is likely to exceed 6% of GDP in 2019/20 with the gross loan debt ratio increasing to more than 60% of GDP by the end of this fiscal year.

Granted, a debt level of this magnitude is, in itself, not a great concern. After all, it’s unlikely to prompt Moody’s to downgrade South Africa to sub-investment grade this year, given the methodology followed by the ratings agency.  

We do have a problem

But that does not mean there isn’t a...

While each country participating in the Rugby World Cup dreams of winning the trophy, becoming the champion is not that simple. It depends on a lot more than just having the best players in your team: player selection, game strategy, and team dynamics all play a role in the eventual outcome.

It’s not about picking the previous winner

No-one would think predicting the winner of the Rugby World Cup is as simple as looking at the previous tournament’s winners. It is easy to appreciate the uncertainty involved and that a single match can change the outcome of the entire tournament. Despite this, inv...

Please reload

1/1
South-Africa_Intermediary_GIF_300x600_Ma

1/5

1/5

1/4
Premium Advertisers
Newsletters Archive
Article Archive
Please reload

EBnet Participants

© 2018 by EBnet