Knowledge
Before you bid farewell to 2021
Please take a moment to consider your loved ones. As a Fund member, you are eligible for a death benefit, in line with your Fund’s rules, and possibly another benefit according to your Employer’s policies. In this article, we will be focusing on the death benefit provided by your Fund. In terms of the […]
If retirement is right around the corner…
There are so many things to plan for and consider as your retirement date approaches. Some of these aspects are psychological, and these should not be glossed over. However, your financial well-being has a direct influence on your state of mind. For this reason, it’s vitally important to ensure that you plan properly from […]
World Aids Day: 1 December
We’ve all had so much to think about with the pandemic that it’s been very easy to lose track of some of the other diseases that we’ve lived with for a very long time. But that doesn’t change the fact that roughly one in five South Africans still lives with HIV and/or AIDS. The […]
16 Days of Activism against gender-based violence
16 Days of Activism against gender-based violence is an annual international campaign that runs from 25 November, which is the International Day for the Elimination of Violence against Women, until 10 December, which is International Human Rights Day. The movement was started by activists at the Women’s Global Leadership Institute in 1991. It is used […]
Not ready for Ho, ho, ho? That’s fine – let’s Mo, mo, mo!
If you haven’t heard about Movember yet – where have you been? But also, you’re in for a real treat. Movember is a shortened version of ‘Moustache November’ (the fancy term for is a portmanteau word, in case you were wondering). During this month, men around the world allow their moustaches to grow, to […]
Are you receiving a little extra this December?
If you are lucky enough to be getting a thirteenth cheque or an annual bonus – congratulations! But before you start making wish lists, it might be a good idea to stop and think before spending it on a holiday, or other luxuries – whether for yourself or those you love. The December holidays […]
Actuarial Society of South Africa
Actuarial model shows that NTs two-bucket system is likely to triple future pensions Actuarial modelling by the Retirement Matters Committee of the Actuarial Society of South Africa (ASSA) suggests that National Treasury’s “two-bucket” proposal is likely to result in significantly higher monthly retirement income for pensioners by allowing future retirement savings to benefit from […]
World Diabetes Day: 14 November
Diabetes is one of the diseases that is listed as a comorbidity for Covid-19. In other words, if you are a diabetic, your risk of serious infection is higher than that of someone without diabetes. The 14th of November is the day that 160 countries around the world encourage awareness about diabetes – its […]
Protect yourself and those around you
Recently, the issue of vaccine hesitancy has been a hot topic in the news, both locally and internationally. Basically, vaccine hesitancy refers to the fear that Covid-19 vaccines may not be safe – and it is estimated that roughly a quarter of South Africans feel this way. Are you one of them? It can […]
Celebrating our Heritage on 24 September
On Heritage Day each year, we recognize and celebrate the cultural wealth and diversity of our great nation. South Africa is one of the most culturally and ecologically diverse countries in the world, and while we often don’t remember it, we actually have so much to be grateful for. This Heritage Day, why not […]
Springing into action: simple ways to save and invest on a small budget
Spring is finally here! At this time of year, many of us will adopt some fresh lifestyle habits as the warmer weather lifts our mood and brings with it some renewed energy and enthusiasm. It’s also the perfect time to review your savings and investments, and possibly ‘spring clean’ your financial planning or savings […]
Financial Planning for all ages
They say that wisdom comes with age, and that we only learn our lessons after we’ve figuratively bumped our heads – in other words, we learn best from experience. However, some mistakes are far better avoided. When it comes to financial planning, it’s vitally important to make the right decisions from day 1 of […]
Planning for a longer retirement
Research has indicated that babies born in 2007 in certain parts of the world have a life expectancy of over 100. While this might not be quite your profile, there are a few simple steps we can all take right now, for the sake of our future security. Review your investment strategy. Are you […]
Vaccinate yourself against fake news
South Africa, like countries across the globe have embarked on an aggressive vaccine program to slow down the spread of the disease. According to World Data: 24.2% of the world population has received at least one dose of a COVID-19 vaccine. 3.22 billion doses have been administered globally, and 35.77 million are now administered […]
Risk and reward: the secret to understanding your investment profile
If you are a member of a Defined Contribution fund, as most South African fund members are, the investment return that you earn on your fund contributions has a direct impact on how much money you will have as pension one day. As a rough guideline, the consensus is that you should be able […]
Mandela Day Ideas
If you aren’t sure how to get involved, here are some ideas: Put together stationery packs for children at under-resourced schools. Organize a neighborhood clean-up for a Saturday morning. Make ‘care kits’ (comb, toothbrush, toothpaste, soap, face cloth, etc.) for patients at a nearby government hospital. Arrange a tea party for a retirement home […]
Financial planning for all ages
Rule 1: Start the way you intend to continue. Your first salary may seem like an enormous some of money. You may feel quite rich, and be tempted to splurge. After all, you’ve worked hard to get this far. Consider the child who eats all his sweets immediately and ends up with a very […]
Planning for a longer retirement
Research has indicated that babies born in 2007 in certain parts of the world have a life expectancy of over 100. While this might not be quite your profile, there are a few simple steps we can all take right now, for the sake of our future security. Review your investment strategy. Are you […]
Our investment approach
Investing your company’s employee benefits is a massive responsibility, as well as a complex balancing act. That’s why you need a partner with their finger on the pulse, to look ahead and help you navigate the endless ups and downs and to maximize your reward while minimizing your risk. Our NMG Investment Consulting team […]
NMG takes reins at Botswana’s biggest pension fund
NMG Administrators Botswana, a subsidiary of the Johannesburg-based advisory and intermediary firm NMG Benefits, has been appointed the Fund Administrator for Botswana’s biggest pension fund, the Botswana Public Officers Pension Fund (BPOPF), and officially takes over the administration of the BPOPF on 1 June. The move is a result of a 2017 decision by […]
Craigh Chidrawi ‘s View | Impact of death claims in 2020
In the last year, the retirement funds that NMG provides consulting and administration services to have seen a marked increase in the number of death claims being received. The insurers that NMG deals with have given feedback that they are receiving significantly more death claims than expected. The value of the death claims is […]
Take a Girl Child to Work on 27 May 2021
The Initiative’s Aim “to deepen the thinking of the girl child about her infinite roles in society, enhance her self-esteem, inspire and motivate her to reach her full potential and, through exposure to diverse careers and positive role models, assist her to prepare for the world of work.” Research shows that starting at age […]
What you need to know about the Covid – 19 Vaccine
Dr Thapelo Motshudi, a specialist in private practice and NMG Benefits consultant in Employee Wellness, Occupational health and other medical related topics answers a few pertinent questions about the vaccines. Who should take the vaccine? The COVID-19 vaccines are safe for most people 18 years and older, including those with pre-existing conditions of any kind, including auto-immune […]
Making good choices when exiting a retirement fund
Despite all the warnings, early withdrawals remain one of the main reasons most South Africans are not able to maintain their standard of living in retirement. In fact, more than 60% of South Africans opt to take their retirement savings in cash when changing employers. When one considers that conventional wisdom suggests that a […]
The South African savings reality
Over the past twelve months, millions of South Africans have had to make emergency financial plans to survive the loss of income experienced as a result of national lockdown and pandemic-related restrictions. Now more than ever before, numerous individuals are struggling to make ends meet. When paying the bills and putting food on the […]
Historical returns: how to handle them without bias
Whenever the investment markets experience a major change, whether negative or positive, it is tempting to restructure your investment portfolio and strategy. However, a well-planned investment strategy should never be affected by volatility in the markets. Investing requires a rational, objective, long-term approach. Consider the example of a busy highway during rush hour. Often, […]
Economic Overview
Internationally, the first quarter of 2021 ended on a positive note; and locally, the FTSE/JSE All Share and local equities also performed well. As the one-year rolling returns no longer include the poor performance that was experienced March 2020, the recovery looks impressive: a massive increase of 53.98% for the All Share Index. Emerging […]
NMG SmartAssets – Top Performer 2020
As the world continues to process the social and economic impact of the COVID-19 pandemic, we have taken a look at how our portfolios performed over the 2020 calendar year. We are pleased with the results, of our SmartActive and SmartPassive portfolios, which have outperformed peers across the Low Equity, Low – Medium Equity and […]
Let’s talk tax savings!
You will have seen on your pay slip, the amount of tax you pay on your hard – earned income. Over and above this, our VAT rate of 15% is levied on the purchase of most goods and service. We have listed (4) four ways you can make use of the tax benefits available while […]
Hot off the Press
Several medical schemes have launched their benefit and contribution structures for 2021. We have undertaken a detailed, independent analysis of the changes and the resultant impact on members. Click on your medical scheme below to read more.
The world, the markets and your investments
Black Swan – that’s what hit the world in the first quarter of this year. 2020 was expected to be one of slow and steady economic growth, carrying the momentum from the end of 2019. However, COVID-19 and its impact was a black swan event that no one could have predicted. “A black swan is […]
Coronavirus | How is it funded by medical schemes?
The Council for Medical Schemes (CMS) recently released a CMScript detailing key information about the symptoms, spread, diagnosis and treatment of Coronavirus. The publication confirmed the following regarding medical scheme cover for Coronavirus. CMS Confirmation of treatment “Diagnosis and management of uncomplicated Coronavirus infection is not included in the Prescribed Minimum Benefits (PMBs). Coronavirus infection […]
What can you start doing now to help your future, retired Self
Your health care costs in retirement depend on a few factors. The good news is that you have some control over most of them. Here are some important factors that you can control now to help your future, retired self. FACTOR 1: Your health status The worse your health or your family’s medical history is […]
Smart Investor | Budget Speech Edition
Pulling the proverbial Rabbit out of the Hat. Touted as the most important budget speech in 20 years, Minister of Finance Tito Mboweni’s pro-consumer address to the nation was met with a mixture of surprise and positivity.
Getting started on your long-term goals
Most of us start our day with a ‘to do’ list of work and personal items that need attention. While we may have long term goals for our health, finances and growth, very often these don’t get the attention they need when we don’t have enough hours in the day to get to them. It’s […]
2019 | A Tale of Two Parts
In 2018, investment market performance was dismal, with a record number of global and local asset classes giving negative returns. 2019 saw higher financial market returns than 2018, despite subdued economic growth in many countries because of trade tensions and global market growth slowing.
Time to retire?
It’s important to meet with a financial planner to make informed decisions. Qualified, registered financial advisors are experts in their field and specialize in helping people reach their financial goals. They will gather relevant information from you to help you create a financial plan. They will be able to guide you to an objective decision […]
Why its important to leave a will
Even if you are in good health, it’s important to have an up to date will. It’s especially important if you have dependents or assets, such as a house, money in the bank, savings or investments. It is one of the most important legal documents that you will conclude in your lifetime. It deals with […]
Why so few of us can afford to retire
Some important reasons why members can’t afford to retire are that they either don’t contribute enough in the first place, they don’t start saving early enough, or both. When changing jobs, many members take their benefits in cash and start saving for retirement from scratch. It’s important to note that the sooner you start saving […]
Budget Speech 2019/2020 | What you need to know
On 20 February 2019, Finance Minister Tito Mboweni announced the South African 2019/2020 budget changes. Click the link for a concise review of the key implications of the Budget Speech. BUDGET SPEECH 2019/2020
Tale of 3 members
In the tale of three member’s article, we look at the reasons why you should stay invested when moving between jobs. Tale of 3 members
What happened in 2018
2018 was earmarked to be one of healthy, synchronised global growth, however it did not turn out as planned. The year ended up a tough one for investors, and most investments struggled locally and abroad. Click on the link below to read about the top contributors to the negative impact on the investment markets. Read […]
Release of the National Health Insurance Bill and Medical Schemes Amendment Bill
On Thursday 21 June 2018, The Minister of Health, Dr Aaron Motsoaledi released the National Health Insurance (NHI) Bill and the Medical Schemes Amendment (MSA) Bill. The Bills set out the envisaged pathway to NHI with medical schemes continuing to operate alongside. NMG is working through these Bills with the intention to submit commentary during the […]
From Jacky’s Desk
The Minister of Health released the National Health Insurance Bill and the Medical Schemes Amendment Bill. These proposed legislative changes intend to pave the way for the implementation of National Health Insurance within the context of striving towards universal access to healthcare for the population. While much work needs to be done to fully understand […]
Impact of VAT increase effective 1 April 2018
National Treasury announced an increase in Value Added Tax (VAT) from 14% to 15%, to take effect on the 01 April 2018. Although the increase to the end consumer of 1% can be seen as relatively small, as part of the bigger picture the potential amount of time, resources and effort affecting the entire short term insurance industry is massive […]
2018 Budget Review
The 2018 budget has been crafted under difficult and fragile environment such as risk of credit downgrade by Moody’s, continual gradual decoration of economic growth, high political tension within the ruling party, decline in tax revenue and subdued business and consumer confidence. Make yourself aware of the important issues that the budget addressed.
Why you should attend the next Benefits Breakfast
Financial security is at the heart of a business’s employee benefits programme and NMG aims to equip employers with the confidence for correct decision-making that will be beneficial for employees. These decisions are meant to protect the ongoing health and retirement opportunities of employees and their families – while ensuring business success. We provide […]
NMG’s Benefit Benchmark Focus Group Event
On 15 February 2018, NMG held a Benefit Benchmarking study focus group event at the Holiday Inn Sandton. The event addressed concerns raised as a result of work done on the NMG Benefit Benchmark survey. The Benefit Benchmarking survey is still ongoing, and NMG has started to note some trends in the issues businesses […]
Developing and Implementing a Risk Governance Framework
Namfisa (Namibia Financial Institution Supervisory Authority), is in the process of reviewing its supervisory methodology and intends to deploy Risk Based Supervision (“RBS”). The implementation thereof intended to assist the authority in actively regulating risk as part of the greater Bills Implementation Project. Risk-Based Supervision is gradually becoming the dominant approach to regulatory supervision of […]
PMR. Africa Business Excellence Awards
Congratulations and well done to the NMG Retirement Administration Business Unit who were awarded the PMR.africa Business Excellence Award (Silver). The purpose of the awards is to enhance competitiveness and to enhance and reward excellence in the industry and to set a benchmark. The PMR.frica completed its annual national survey on Pension Fund Administrators, Consultants, […]
Discovery Health 2018 Benefit Changes
Discovery Medical Scheme changes in its benefits and contributions. These included the weighted average increase across all plans, increase per plan, general benefit changes, vitality amendments, the introduction of Gap Cover, and changes to the Smart Plan and KeyCare plans. Make yourself aware of these changes with the NMG Benefits.
Cabinet reshuffle and what this means for Investors
By now the news of the latest Cabinet Reshuffle by President Jacob Zuma has been digested and 31 March 2017 may go down in history as South Africa’s Black Friday. As we have learnt in the past, changes to the South African Finance Ministry creates pandemonium in the short-term. This is especially true if the […]
Budget Speech 2017 | What you need to know
On 22 February 2017, Finance Minister Pravin Gordhan announced the South African 2017/2018 budget changes. Our NMG Personal Wealth Senior Advisor, Ashley Horwitz has put together key points from the speech. These include tax rate changes, an increase in fuel levy and an increase revenue in alcohol and tobacco excess duties. Make yourself aware of […]
Inflation the killer!
Understand the impact of inflation on investments This article deals with investment and inflation. Inflation is a financial killer and the importance of taking this into cognisance in your planning cannot be stressed enough.
Maximize the Benefits of your Tax Free Savings Account over the Long-Term
By now, you are probably all too familiar with the Tax Free Savings Accounts (TFSA) which were introduced two years ago as a way to encourage a strong savings culture in South Africa. From 1 March 2015, we are allowed to contribute R 30 000 per annum into this savings vehicle without having to incur. […]
Mispriced Markets
Analysis of previous market cycles shows that share prices can deviate substantially from reality, often for extended periods – over time share valuations are however supported by earnings which depend on sustained economic growth, and markets ultimately revert to normalised levels. It is particularly difficult to forecast the impact of new technology on earnings as […]
Why do I need to be insured?
Article by Pierre van Zijl (NMG Personal Wealth) As Financial Advisers, we often experience resistance from clients when recommending life insurance. However, have you ever asked yourself the questions: “What would happen to my family if they no longer received an ongoing income as a result of my death or disability?” I was reminded of […]
The Financial Planner
Yoren Chetty, NMG Financial Advisor, is featured on the latest Financial Planner magazine, addressing 10 tips on dealing with the harsh reality of retrenchment.
Discovery Health 2017 Benefit changes
On 20 September 2016, Discovery Medical Scheme announced changes in its benefits and contributions. These included the weighted average increase across all plans, increase per plan, general benefit changes, vitality amendments, the introduction of Gap Cover, and changes to the Smart Plan and KeyCare plans. Make yourself aware of these changes with the NMG Benefits […]
Namibian Economic and Market Commentary
The Namibian economy has grown by a CAGR1 of 5.1% over the past 5 years (from 2010 to 2015). However, we expect the GDP growth for 2016 to marginally decrease from 4.5% recorded in 2015 by 0.2% to 4.3%. The main contributors to a lower GDP in 2016 are the restrained growth in the agricultural […]
Tax And Retirement Reform – ‘Compulsory Annuitisation’ To Be Postponed For 2 Years
The Minister of Finance has confirmed the postponement of certain elements of the Taxation Laws Amendment Act, 2015 which was set for implementation on 1 March 2016 (‘T’ day). You will recall that the following changes were delayed / postponed from the original 1 March 2015 effective date (as per the Taxation Laws Amendment Act, […]
[INFOGRAPHIC] – 20 Facts about the Taxation Laws Amendment Act
NMG Benefits has produced an infographic which breaks down the Taxation Laws Amendment Act (TLAA) into 20 distinct facts for ease of reference. There has been much confusion about what the new law means for retirement fund savers and the changes to retirement funds. This infographic explains in a step-by-step format why the TLAA is […]
[INFOGRAPHIC] National Health Insurance White Paper: Theory versus practicality
NMG Benefits Actuarial and Specialised Services division has prepared a factual graphical summary of the White Paper focusing on the content that we see as the most important and relevant. This includes the structure and reimbursement of benefit packages, the review of funding structures including medical schemes and the implementation plan. We hope this will […]
[INFOGRAPHIC] Discovery announces changes for 2016.
[INFOGRAPHIC] Key statistics and trends in the medical scheme industry
NMG Benefits Actuarial and Specialised Services division have analysed the key statistics and trends in the medical scheme industry derived from the latest Council for Medical Schemes’ (‘CMS’) Annual Report 2014-2015, in conjunction with the previous CMS reports. The 15 largest open medical schemes as well as the Government Employees Medical Scheme have been considered, […]
[VIDEO] NMG Personal Wealth releases their explainer video, “Your Financial Destination”
Have you ever wondered what NMG personal financial planners do? Well, we have explained what we do for our clients in a 4 minute video entitled “Your Financial Destination”. Join us as we take you through various lifestages and illustrate what type of financial questions you may need to answer. Only 6% of South Africans […]
Toska Kouskos Talks Low Cost Medical Schemes
Low Cost Benefit Option (“LCBO”) Framework Approved by the Council for Medical Schemes (“CMS”) Your scheme may launch a Low Cost Benefit Option on 1 January 2016! With mounting cost pressures in the healthcare space, we have seen a mushrooming of different products [outside of the Medical Schemes Act (‘the Act”)] to provide a solution […]
Mercado Released [07 September 2015]: Emerging Markets Currencies Drop
Most commodities currencies have lost against the greenback this year. Currencies that are leading in losses are the Brazilian real and the Russian ruble. These currencies have declined 30.6% and 21.9% against the dollar, respectively this year. Currency volatility is on the rise especially for emerging markets because of subdued commodity prices and as investors […]
Andrew Warren interviewed on Metrofm
NMG Benefits CEO was interviewed on Metrofm by Rams Mabote. Issues covered were Employee Benefits for small businesses, BBB-EEE and procurement opportunities for small businesses at NMG. Also explored was NMG’S history of providing sound advice to all types of employers in South Africa.
Mercado Released [17 August 2015]: THE CHINESE YUAN
China sent shock waves through the market on Tuesday as it took steps to boost the economy by devaluing the currency by the most in two decades. The central bank cut its daily reference rate by 1.9% which caused the currency to weaken. The move had ripple effects across the globe as world markets posted […]
NMG Benefits welcomes National Treasury’s Retirement Reform proposals
The National Treasury recently released a statement outlining the first step towards implementing proposals that aim to lower charges and improve market conduct in the retirement fund industry. Read More
Decoding the investment universe
To some the word “investment” can be intimidating and something that is only accessible to the wealthy. And as such it can leave those apathetic, resulting in a reluctance to understand the importance of investing and the critical role it plays in one’s future prosperity. Other jargon and seemingly technical areas such as taxation, […]
Legal Update: Overview of new draft default regulations that affect retirement funds
National Treasury has published draft default proposals that follow from the Treasury paper, Charges in South African Retirement Funds, published in 2013. This paper highlighted the complex and opaque products with high charges in the SA retirement system. The draft default proposals are some of the first steps, together with the Treating Customers Fairly (TCF) […]
Mercado Released [27 July 2015]: SA: Interest Rate Hike
In a surprise move the South African Reserve Bank has hiked interest rates by 25 basis points to 6.0%. This was the first increase since July 2014. The Reserve Bank had maintained interest rates in order to assist the local economy which has battled with strikes and rolling black outs. Despite the fact that the […]
Mercado Released [20 July 2015]:Chinese Economic Growth
China scored better-than-expected growth in the second quarter of 2015. The largest Asian economy managed to achieve a growth rate of 7.0% on a year-on-year basis, beating the consensus view of 6.9%. On a quarterly basis, the economy achieved a 1.7% increase, compared to 1.4% which was achieved in the previous quarter. It seems that […]
Mercado Released [29 June 2015]:Whats for the Greeks?
Whats for the Greeks? If Greeks fail to pay the US$1.7 billion it owes the IMF tomorrow, might be worse for the lender than the Greeks. Under the fund’s policy, countries that miss payments are deemed to be in “arrears” rather than in “default.” If Greece fails this will blow the IMF’s reputation as the […]
Mercado Released [22 June 2015]:FED
The Federal Reserve confirmed last week that they will not raise interest rates this month. The chairwoman of the Fed, Janet Yellen, stated that the central bank does plan to act as soon as possible, however she did not offer clear guidance of the path for US interest rate hikes. The Fed also released its […]
Andrew Warren’s thoughts on his CEO SleepOut
So, the first South African CEO Sleepout has come and gone, and it was a privilege to be able to represent NMG Benefits and the broader NMG Group in this global initiative. I was among 250 CEOs who collectively raised over R25m for Girls and Boys Town, a South African charity focused on children in […]
Andrew Warren Interviewed on Cape Talk about his CEO SleepOut
Mercado Released [15 June 2015]:MINING PRODUCTION & MINERAL SALES
Total mineral sales including gold decreased by 1.1% YoY from R33.3 billion to R32.9 billion. Excluding gold, the mineral sales decreased by R0.6 billion (2.1%) to R28.6 billion. Major negative contributors to sales were iron ore, coal, non-metallic minerals and manganese ore, which contributed -6.9%, -1.5%, -1.2% and -0.8%, respectively to the total mineral sales. […]
Almost time for #CEOSleepOut
As South Africa commemorates the 39th anniversary of the Soweto uprising this Youth Month, it’s an apt time for a focus on youth development. At NMG, through our annual NMG Charity Challenge, we currently support three organisations that focus on youth development: Tembisa Child Welfare, Twilight Children’s Home in Hillbrow and the Elundini Centre for […]
Andrew Warren live on 702 talk radio #CEOSleepOut
Andrew 702 interview (right-click and save)
Mercado Released [8 June 2015]: OPEC MEETING UPDATE
OPEC kept its current output ceiling at 30 million barrels a day at a meeting in Vienna last Friday. The market expected OPEC’s decision. OPEC took comfort in a 33% rally in crude oil prices since January 2015 and a 56.9% drop in US drilling rigs since January 2015, cuts of billions of dollars in […]
NMG Personal Wealth’s Jeanne Nel is interviewed on Classicfm
On the 8th of May NMG Personal Wealth hosted more than 120 professional women for breakfast at Bryanston Country Club. The goal: to address the fact the women do not as a rule take care of their own financial planning. According to Jeanne Nel, General Manager at NMG Personal Wealth, “This lack of foresight could […]
Follow Andrew as he participates in the 702 CEO Sleepout Challenge
I would like to invite you to follow, support and experience my journey leading up to the night of the #CEOSleepOutZA, and on the night itself. I will be blogging, tweeting and sharing my experience on Twitter and LinkedIn. For every retweet or “share” I get from you, NMG will be donating ZAR5 to our […]
NMG Benefits’s CEO, Andrew Warren Joins 702 Sun International CEO SleepOut
It’s that time of year again when we, as the NMG global family, challenge ourselves to improve the lives of others. This year, I have taken the decision to participate in the 702 Sun International CEO SleepOut taking place on 18 June 2015. Through our participation, we are raising the stakes and hope to use […]
Mercado Released [1 June 2015]: OPEC CRUDE OIL PRODUCTION
OPEC will meet on June 05, 2015 in Vienna to decide on the group’s production target for the next six months amid a glut that sent prices down about 50% last year. We are expecting OPEC to maintain their production target of 30 million barrels a day. In the last meeting held in November 2014, […]
Mercado Released [25 May 2015]: SOUTH AFRICAN INTEREST RATES
The Reserve Bank has maintained South Africa’s interest rate at 5.75%, despite the uptick in inflation levels. Inflation rose less-than-expected to 4.5% on a YoY basis for April, whilst analysts had expected a gain of 4.6%. On a MoM basis, inflation climbed by 0.9%, whilst core inflation was slower at 5.6% from 5.7%. The SARB […]
Mercado Released [18 May 2015]: EUROZONE ECONOMIC GROWTH
Eurozone economic growth accelerated in the first quarter of 2015, as both Italy and France attained positive growth rates for the period. The Euro area grew by 0.4% during the first three months of the year, beating the UK and US. This marks the fastest rate of growth the zone has seen in the past […]
Mercado Released [11 May 2015]: US ECONOMIC GROWTH
The US economy grew at a slower rate than what was expected, achieving a growth rate of only 0.2% for the first three months of the year. Analysts had forecast a growth rate of 1.0% for the same period. Despite the fact that the US managed to achieve a high level of growth in 2014, […]
Mercado Released [4 May 2015]: The Producer Price Index
Producer prices climbed in March, on the back of higher food, tobacco and beverage prices. PPI for the third month of the year moved to 3.1% on a year-on-year basis and 1.8% on a month-on-month basis. PPI is a relative measure of the average change in the price of a basket of representative goods and […]
Mercado Released [20 April 2015]: Electricity production expansion has been lagging the economy growth
Electricity production expansion has been lagging the economy growth – putting pressure to the already old existing power generation plants. Since 1994 a total of 6 million households have been added to the national grid. We believe addition of these households to the grid is not a major cause of power shortages because Eskom’s sales […]
Mercado Released [13 April 2015]: Global Oil prices in the spotlight
GLOBAL OIL PRICES IN THE SPOTLIGHT The US oil rig count dropped by 42 to 760 last week, the largest drop in four weeks. America has lost more than half its oil rigs since October 2014 as the collapse in crude prices caused drillers to scale back. The rig count has dropped 53% since October […]
Low Cost Healthcare Solutions For Employers
Quarter 1 – 2015 Low cost healthcare solutions for employees – a minefield for the employer If you are facing the dilemma of “what solutions are there for my employees who cannot afford medical scheme cover?” you are not alone. Many employers across South Africa, face the same challenge. All medical schemes have to provide […]
NMG Mercado Released [30 March 2015]
LOCAL MARKETS CLOSE IN POSTIVE TERRITORY South African markets closed in positive territory at the end of last week, as a recovery in industrial stocks gave markets a boost. Mining shares performed poorly throughout Friday, despite the stocks being considered as undervalued. The weaker local currency has failed to assist firms within the sector. Global […]
NMG Mercado Released [23 March 2015]
The current account deficit narrowed to 5.1% of GDP for the fourth quarter of 2014, whilst economists had expected a gap of 5.8%. Exports gained during the last three months of the year, as a result of a decreased number of strikes and normal trading activity. On a year-on-year basis, the deficit narrowed to 5.4% […]
Toska Kouskos Highlights 12 Healthcare Industry Hot Topics In Quarter 1, 2015
In my first Industry Update for 2015, I highlight 12 salient topics in the South African healthcare industry. Demarcation Debate Supplementary Levy for Medical Schemes CMS publication – Categorisation of Assets CMS publication – Guidelines for introduction of a Low Cost Benefit Option (LCBO) CMS Indaba feedback CMS Circular 20 of 2015 – Notice of […]
NMG Mercado Released [9 March 2015]
Local markets ended the week in positive territory, supported by industrials and banks. Better-than-expected US payroll data assisted in boosting stocks, however the data also pushed the rand to its lowest level since 2001. The rand fell to R12.10 against the US dollar, from R11.73 in earlier trade. The rand looks to decline even further, […]
INFOGRAPHIC: Tax Free Savings Account
INFOGRAPHIC: 2015 Budget Snapshot
NMG Mercado released[2 March 2015]: SA GDP in the spotlight
South Africa’s GDP grew by 4.1% during the last quarter of 2014, up from 2.1% achieved in the previous quarter. The fourth quarter’s growth was underpinned by gains in mining, manufacturing, finance, real estate and business sectors. Mining grew by 15.2%, whilst manufacturing increased at an annualised rate of 9.5%. The nominal GDP at market […]
Review of Budget speech 2015
Yesterday, Finance Minister Nhlanhla Nene gave the budget speech for 2015. The speech seemed to shed a gloomy view for the year. The finance minister was tasked with a difficult assignment given the current state of the economy. The key points of the budget are as follows:
Budget Speech: 11 issues that affect the Retirement Fund Industry
1. Resignations due to Retirement Reform and/or indebtedness 2. Twin Peaks 3. TCF 4. Tax-Free Savings Accounts 5. Withdrawal from retirement annuity funds by non-residents 6. A maximum age for the preservation of retirement assets 7.Estate duty and retirement funds 8. Harmonisation and annuitisation 9. Draft regulations on default preservation 10. Mandatory system under consideration […]
NMG Mercado is out [23 February 2015]: The budget speech and inflation in the spotlight
South African citizens eagerly await Finance Minister Nhlanhla Nene’s budget speech on Wednesday. The speech is supposed to detail plans regarding government’s fiscal consolidation plans and the possible tax increases. It is expected that government will increase the tax on wealthy citizens, and the fuel tax levy is also expected to increase given the cut […]
Introducing NMG briefs: Stay on top of the latest employee benefits industry news
Quick useful snapshots of employee benefits news NMG Briefs is a new page on the NMG Benefits website where you can find a variety of the newsletters we produce across our divisions. You’ll be able to stay abreast with issues affecting Healthcare, Retirement, Investment and Actuarial industry news. Employers, employees and trustees, will all find […]
INFOGRAPHIC: Insights from the Council for Medical Schemes Report 2013-2014
This infographic was produced by NMG Benefits’s Actuarial and Specialised Consulting Division.
Weighing up your healthcare options
Weighing up your healthcare options NMG Benefits’s Healthcare Director Toska Kouskos was quoted extensively in the Personal Finance section of the Weekend Argus and Weekend Star on 4 October. October 4 2014 at 06:10pm By Laura du Preez It’s that time of year again when medical schemes are sending out details of their benefit changes […]
Welcome to NMG world
ANDREW WARREN Hello and welcome to the new NMG Benefits website. As part of the multi-national company NMG Group, we have joined our sister companies, NMG Consulting and NMG Capital in re-launching our web presence. I have the privilege of leading NMG Benefits, the South African business with more than 400 staff across South Africa […]
Communicating the value of employee benefits to employees
TOSKA KOUSKOS Those who know me, recognise that I’m by no means a ‘techie’. However, when technologies are made available to communicate – I sit up and take notice. So, I thought I’d dedicate my first ever blog to the subject of “effectively communicating the value of employee benefits”, and specifically in my case – […]
Smart Retirement Solutions..
Jennifer Grefen It’s an exciting time for NMG to be launching a new website because we have certainly got a lot to share with our clients, prospective clients and those looking to expand their knowledge about the retirement industry or employee benefits. The first bit of exciting news is that NMG Benefits is re-launching its […]