OM Bank has received approval from the South African Reserve Bank’s Prudential Authority to appoint Clarence Nethengwe as Chief Executive Officer (CEO) of the country’s newest bank, effective immediately.

According to Sanlam Corporate’s internal member data, South Africa’s true retirement age – the age at which most citizens can afford to retire comfortably – is closer to 80.

South Africa’s new dividends tax protocol impacts Kuwaiti, Dutch, and Swedish shareholders, imposing 5-10% taxes on earnings from South African subsidiaries. While boosting tax revenue, it raises compliance challenges and may deter cross-border investments. Retrospective application faces legal scrutiny.

Discovery Bank has released an analysis of its client transaction data during December 2024. It highlights interesting festive spend behaviours among the Bank’s clients and the value derived from their travel and lifestyle rewards.

Linda Kleynscheldt: Head of Actuarial and Product, PSG Wealth gives a comparison between a Tax Free Savings Account (TFSA) and Retirement Annuity (RA) to help you decide if either (or indeed both) of these products might be right for your needs.

Old Mutual Wealth (OMW) South Africa has announced a strategic collaboration with Bravura, a leading financial services technology provider to the asset and wealth management communities, to enhance its Discretionary Fund Manager (DFM) functionality of its Linked Investment Service Provider (LISP) platform.