Ziba Jiyane, leader of the National Democratic Convention (Nadeco), has been suspended by the management committee of his political party. On Tuesday, Nadeco national chairperson Mandla Magubane said: ”They [Jiyane and Nadeco secretary general Jabulani Maphalala] have brought the party in disrepute.”
Nedbank on Tuesday became the first bank to offer bank accounts to thousands of informal traders operating in the Durban city centre in Ethekwini, KwaZulu-Natal. This project is being coordinated together with the Informal Sector Empowerment Cooperative, an organisation that manages over 10 000 traders who operate in the informal retail sector.
South Africa’s animal authorities are battling an outbreak of a killer disease near the Kruger National Park in the country’s northern Limpopo province, the Department of Agriculture and Land Affairs said on Tuesday. The department said the foot-and-mouth-disease outbreak was inside a buffer zone around the tourist attraction.
Fuel retailers in Zimbabwe have hiked prices by up to 50% as the Southern African country faced fresh shortages amid rampant inflation and a devalued currency, a state-run daily reported on Tuesday. ”Diesel and petrol prices went up at the weekend from about Z 000 (,60) per litre to between Z 000 and Z 000,” the Herald newspaper said.
Bomb attacks around Baghdad killed at least 19 people and wounded 80 on Tuesday as insurgents defied a security crackdown in the Iraqi capital. The first blast echoed around the city at dawn, when a roadside booby trap ripped open a minibus and a taxi in the downtown Nahda area, killing nine people and wounding eight, an interior ministry official said.
No matter whether you’re an established investor or investing in equities for the first time, the goal remains the same: to maximise the return on your investments.
Whether you are saving for retirement, for educating children or for an overseas holiday, ultimately you’d like to grow your savings as quickly as possible.
Mark Fish is one of South Africa’s most successful and best loved soccer players. Just back from the World Cup, he talks to Jocelyn Newmarch about investing in platinum and getting a Harley for Christmas
There was a time when you had to have collateral before a bank was prepared to give you a business loan. With their risk covered, their job was done. However, banks now view business loans very differently. According to Riaan Fouche, head of franchising at First National Bank, five years ago banks flipped through the credit-application document, looked at what security you could offer and only then considered the concept of the business you were buying.
The latest unit trust figures show that tracker or passive funds have outperformed the actively managed funds over the past two years. With so much investment choice out there and concerns over the impact of costs in a low-inflation environment, investors looking for a simple equity investment with low costs could consider an index tracking fund such as the JSE’s Satrix securities.
The typical life-stage-cycle approach to investments is that in your 20s you have a maximum exposure to equities, which reduces over time as you get closer to retirement. By the time you retire at 60, your pension should have no equities and be fully invested in cash and bonds with no risk.