Economy
Weekly Wrap – 20 May 2022
It has been a seesaw ride, across the board, in financial markets this week, as market participants grapple with various market influences.
Financial Services
Section 37C and the allocation of fund death benefits – how much weight does…
In this article we look at the wording of section 37C of the Pension Funds Act No. 24 of 1956 (“the PF Act”) and focus on the impact of the wishes of the deceased as set out in beneficiary nominations.
Fintech
Artificial intelligence technologies and their challenges in Africa
The focus of this note is an attempt to answer the question: What are the potential benefits and risks of Artificial Intelligence (AI) for countries in Africa?
Instruments & Investments
Take the long view
It is fair to say that 2021 was an extraordinary year in so many ways. Ex-US president Donald Trump refused to admit defeat in the US presidential election, the US finally withdrew its forces from Afghanistan, the Olympics took place in Tokyo two years later than planned and chaos erupted when one of the world’s largest container ships blocked the Suez Canal for six days – to name but a few examples (and not even including the continued Covid-19 lockdowns globally).
International
African Growth and Opportunity Act eligibility requirements under review in three African countries
On 2 November 2021, US President Joe Biden announced that three African countries would be terminated from the African Growth and Opportunity Act (AGOA) trade preference program, unless they took urgent action to meet statutory eligibility criteria by 1 January 2022.
Markets
JSE amends listings requirements to cut red tape and create an enabling environment
The Johannesburg Stock Exchange (JSE) is pleased to announce that the Financial Sector Conduct Authority (FSCA) has approved amendments to the JSE listings requirements, which will reduce red tape and create an enabling environment for companies listed on the bourse.
Personal Finance
Your golden years re-imagined: Staying relevant
If you’re under 40, chances are that your eyes glaze over when someone mentions the word ‘retirement’. What is sorely needed, is a change in mindset around what can be an extremely rewarding and satisfying time in one’s life – with the right planning in place.