Members will withdraw again despite impact on retirement
Members will withdraw again despite impact on retirement

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Investment Indicators | 02 December 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Criminal liability for small businesses that fail to register for VAT
Two pots: most Alexforbes members who have claimed will do so again
SARB warns of the risks if SA fails to exit the grey list by June 2025
In the news
FIC report on how to identify and avoid holiday scams
Vaping epidemic among teens fuels debate on Tobacco Control Bill and insurance impact
MBSE launches limited-time end-of-year promotion on NQF qualifications
Rising medical inflation: how employers are adapting to soaring healthcare costs
Judge rebukes bank for ‘high-handed’ approach to credit agreement reinstatement
Santam to acquire stake in MultiChoice’s insurance business
NCC warns shoppers of fraudulent suppliers this festive season
Moonstone Update
Regulatory Examinations
Download the latest RE Prep Guide here. Please ensure you download this version to use in your preparation, together with your study material. Please study the tasks, criteria and legislation referenced in the guide.
RE preparation videos
Schedules for 2024
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Careers Platform
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Industry positions
Moonstone positions
ADVERTORIAL
GTC banner 2023-10-02

Have your fund members been advised on Two-pots options?

Are your members using Two-pot responsibly? A GTC perspective on the matter.

Are your members knowledgeable about the impact of their Two-pot decision?

Are you on top of your clients’ claims and payouts. What members are saying about

GTC’s Two-pot engagement process.

Have you used Two-pot to improve your relationship with your retirement fund clients? 

Contact CEO, Gary Mockler at gmockler@gtc.co.za.

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RATES REVIEW
Secured Investment Rate
Please note that (G) indicates a Guaranteed and (L) a Linked product. In order to understand the difference between guaranteed and linked rates, kindly click here for an explanation.
R1 000 000 (3% commission)
Company This week Last week
1Life (L) 5.850% 6000%
Discovery (G) 5.753% 5.748%
Nedgroup Life (L) 5.060% 5.130%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.240% 6.390%
Discovery (G) 6.140% 6.135%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.45% 8.58%
Nedbank 8.43% 8.40%
Coronation 8.38% 8.30%
Please bear in mind that our figures, though based on the actual quotations that you also use, are for information purposes only, and can never replace the official quotation from the product house. In terms of the guarantees, you are requested to clarify the exact extent of such guarantees with the product house prior to advising clients.
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TOP STORIES
Criminal liability for small businesses that fail to register for VAT
Exceeding the R1m threshold without registering could have serious consequences for businesses. SARS is stepping up enforcement, with a wave of cases landing in the Specialised Commercial Crimes Court.
Top story read button
Two pots: most Alexforbes members who have claimed will do so again
The company says 32% of its membership base have submitted claims with a value of about R6.5 billion.
Top story read button
SARB warns of the risks if SA fails to exit the grey list by June 2025
The bank’s Financial Stability Review also flags the growing financial distress among households and SMMEs and the vulnerabilities in the commercial real estate sector.
Top story read button
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FICA banner
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IN THE NEWS
FIC report on how to identify and avoid holiday scams
The report highlights patterns, red flags, and practical steps to avoid holiday rental and travel scams.
Itn read button
Vaping epidemic among teens fuels debate on Tobacco Control Bill and insurance impact
A UCT-led study finds that nearly one-third of Grade 12 learners regularly engage in vaping.
Top story read button
MBSE launches limited-time end-of-year promotion on NQF qualifications
Enrolling in selected NQF qualifications by 10 December will result in 50% off the first module, adding significant value to the entire course.
In the news 3 read button
Rising medical inflation: how employers are adapting to soaring healthcare costs
Aon’s 2025 Global Medical Trend Rates Report points to a concerning widening gap between medical inflation and general inflation.
In the news 4 read button
Judge rebukes bank for ‘high-handed’ approach to credit agreement reinstatement
Credit providers must quantify their reasonable enforcement costs promptly to allow for an agreement to be reinstated.
In the news 5 read button
Santam to acquire stake in MultiChoice’s insurance business
Santam will pay Sanlam Life R925 million to buy 60% of the A1 ordinary shares in NMS Insurance Services.
In the news 6 story read button
NCC warns shoppers of fraudulent suppliers this festive season
From 1 December, the NCC’s contact centre hotline will be zero-rated for three months to help consumers report fake or expired foodstuffs.
In the news 7 read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 25 TO 28 NOVEMBER 2024
FSCA’s plan of action for arrears and two-pot fees
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2023-11-28

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Career opportunities
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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