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Business & Finance
Finweek - English

Finweek - English

10/22/2020

Finweek is South Africa’s leading financial weekly magazine focusing on investment. With its brisk, creative and authoritative analysis of business and investment issues, it’s an essential business tool in the daily battle for competitive advantage. Today's business decision-makers have to cope with increased pressure on their time and are expected, more than ever before, to succeed in the face of stiffer competition. Finweek provides relevant information in quick bytes, along with award-winning investment advice.

Country:
South Africa
Language:
English
Publisher:
Media 24 Ltd
Frequency:
Biweekly
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25 Issues

in this issue

3 min.
in brief

“THE BILL BRINGS CERTAINTY TO SOUTH AFRICANS AND INVESTORS BECAUSE ITCLEARLY OUTLINES HOW EXPROPRIATION CAN BE DONE.” —Minister of public works and infrastructure, Patricia de Lille, announced the submission of the Expropriation Bill, 2020 to parliament. If the bill, to replace the current Expropriation Act of 1975, passes, authorities would be required to negotiate with owners of land to try to reach an agreement on the acquisition of the property, before it can be seized. Land would be confiscated without reimbursement in certain cases if it is unused, abandoned or poses a safety risk, among other conditions. The bill was certified as constitutional by the chief state law adviser. “OBSTACLES TO A FASTER RECOVERY ARE ELECTRICITY SHORTAGES AND RECORD-HIGH GOVERNMENT DEBT LEVELS.” – The South African Reserve Bank stated in its bi-annual Monetary…

1 min.
double take

THE GOOD The United Nations World Food Program (WFP) was awarded the Nobel Peace Prize for its efforts to combat hunger and prevent it being used as a weapon of war. The Nobel Committee said the WFP’s work toward providing food security can help to improve prospects for stability and peace, and noted how it has taken the lead in combining humanitarian work with peace efforts in South America, Africa and Asia. The WFP’s largest emergency response effort at present is in Yemen, where a nearly six-year war has caused a humanitarian catastrophe and left two-thirds of the population (about 20m people) food insecure. THE BAD Eskom CEO André de Ruyter said the risk of load shedding will not be eliminated but only reduced by September 2021. De Ruyter was speaking at the…

4 min.
filling the african medical supplies gap

in 2017, after the sudden death of his maternal grandfather, Ivor Duncan – the founder and inventor of EmOXTM Oxygen Systems – Tony McPherson, who was then only 17 years old, was appointed as EmOx International’s interim CEO. Coming from a family of serial entrepreneurs, and knowing the business like the back of his hand, McPherson was more than up to the task. After only six months in the position, he managed to settle all the company’s debt, increase profit margins and implement a worldwide sales team, while juggling his school work. His success led to his permanent employment in the position and turned him into the World’s Youngest CEO of an International Pharmaceutical Company – a title bestowed on him at Informa Market’s Arab Health Conference held in Dubai last year.…

3 min.
the market’s neglected opportunities

the general thinking around our market, which is by global standards small and concentrated, is that the real mispricing is going to happen in the small-cap share space. The FTSE/JSETop40 Index’s stocks are covered by hundreds of analysts and has billions of new funds pouring into them every month due to regular pension contributions. Graeme Körner of Körner Perspective, an asset manager, has often said to me that local investors should only focus on the small- and mid-cap space. If you want to buy a luxury goods company, why limit yourself to only the one JSE-listed luxury goods stock, Richemont? Buy the world’s best. The same goes for every other sector we have locally; often with only one or two stocks in the sector and in many cases, we don’t even…

4 min.
‘we had a pretty severe epidemic’

Professor Salim Abdool Karim, chairperson of the Ministerial Advisory Committee (MAC) on Covid-19, says that he could “write a book” on things that should have been done differently to manage the spread of the disease in South Africa, which imposed one of the strictest lockdowns in the world on 26 March. He believes the biggest problem with what the country did first was bringing in the military to police the lockdown, which resulted in the death in April of Collins Khoza, who was allegedly assaulted and killed in his yard by members of the South African National Defence Force (SANDF), and the Johannesburg Metro Police Department. “I don’t think they (the military) really know how to do policing – they go around killing people. The situation we saw with Collins Khoza was…

4 min.
living annuity or life annuity – you can have both

The annuity market has evolved to such an extent in the past few years that it is no longer a matter of choosing between a living or a life annuity at retirement. Deane Moore, CEO of retirement income specialist Just, says it is now possible to have a ‘blended’ annuity that offers a combination of a living and life annuity. Moore believes a life annuity should be the ‘core building block of a retirement plan’ to secure sufficient income to cover essential expenditure. The balance can be allocated to a living annuity that provides flexibility. “A blended annuity, which combines a life annuity and a living annuity in a single vehicle, allows people to purchase tranches of lifetime income protection as their needs change.” Key financial objectives The two key financial objectives in retirement are…