The Land and Agricultural Development Bank of South Africa has appointed Ayanda Kanana as its new CEO – this after ratings agency Moody’s flagged the lack of a permanent CEO as cause for concern. The development finance institution on Monday made the announcement on the JSE Stock Exchange News Service. Kanana’s appointment will be effective…
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event Business interruption ranks second, but remains a key challenge with digitalization and civil unrest creating new causes…
Alwyn van der Merwe, Director of Investments at Sanlam Private Wealth South Africa: 2019 was a year of significant – mainly positive – surprises for equity investors in general, despite SA shares lagging global peers. Contrary to expectation, the year has seen a more than 20% total return in global equities, while positive real returns…
It is common for business owners to take out a policy for the purpose of enabling a person to acquire a deceased person’s share in a business. The share in the business can relate to the whole or part of the deceased’s interest in a partnership or the deceased’s share or like interest in a…
by Colin du Toit, Madelein Burger, Elodie Maume from Webber Wentzel On 5 November, the JSE Limited (JSE) announced amendments to its Listings Requirements to strengthen the regulation of primary listings and secondary listings. The amendments follow an extensive consultation process with the market and the public that kicked off in September 2018 after the JSE released a…
26 SEPTEMBER 2019, JOHANNESBURG — There’s a new way to combat rising identity fraud in South Africa thanks to a locally developed app called WhoYou™ which turns smartphones into advanced ID fingerprint scanners. Latest statistics from the South African Police Service (SAPS) have shown a total of 83,823 commercial crime cases were reported in the…
By Hayden Sadler, Country Manager According to Statistics South Africa, the economy shrank by -3.2% in the first quarter of 2019. This ongoing economic downturn has had an impact on many industries, forcing them to relook at the way they do business. In the financial services sector in particular, it has become important to minimise…
Founders, directors and employees of start-up companies in South Africa should be aware that acquiring or owning shares carrying restrictions such as ‘lock-ins’ could land them with a tax liability at 45%. ‘If you hold restricted shares, you pay a much higher tax rate when you exit or when the restrictions lift– at the marginal…
Debbie Goodman-Bhyat Managing teams comprised of a range of generations is a growing challenge for leaders and, if this challenge is not constructively and proactively addressed, it can have a substantial negative impact on affected employees and ultimately the organisation, a leadership expert says. “As more and more people put off retirement until later, whether…
Allianz Global Wealth Report: South Africa’s financial assets decline by 3.2% Global financial assets fall in 2018 for the first time since the financial crisis Convergence between poorer and richer countries comes to a halt Growth in liabilities stabilizes at high level Global wealth middle class stagnates Allianz unveiled the tenth edition of the Allianz…