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The impact of the Soccer World Cup (SWC) on the SA economy can be broken down into three different phases: before, during and after.
3/5/2010 12:00:00 AM
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Despite this year’s unexpectedly large budget deficit, lower income earners can likely still look forward to some tax relief in the government’s 2010-11 Budget, to be unveiled by Finance Minister Pravin Gordhan on 17 February, according to Johann Els, senior economist at Old Mutual Investment Group SA (OMIGSA).
2/15/2010 12:00:00 AM
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Old Mutual Investment Group SA (OMIGSA’s) offshore index tracker boutique today lists its second exchange traded fund (ETF) on the New York Stock Exchange. Old Mutual Global Index Trackers (OMGxT) announced today the opening of trading of the GlobalShares FTSE Developed Countries ex US Fund (NYSE code: GSD).
2/11/2010 1:46:55 PM
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South African investors have enjoyed excellent real returns from all asset classes in the “noughties”; however, they’re in for a tougher time in the “terrible teens”, according to Peter Brooke, head of Macro Strategy Investments (MSI), a boutique in Old Mutual Investment Group SA (OMIGSA).
1/19/2010 12:00:00 AM
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Although likely to remain subdued in the opening months of the year, there is a good chance that following the FIFA World Cup economic growth could be surprisingly solid and South Africa could end 2010 with annual GDP growth of over 3% y/y, according to Rian le Roux, chief economist at Old Mutual Investment Group’s Economic Research Unit. This is notably above consensus forecasts.
1/19/2010 12:00:00 AM
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Old Mutual Global Index Trackers (OMGxT), the international index tracking business of Old Mutual Investment Group (SA) (OMIGSA), will become the first-ever African asset manager to list an exchange traded fund (ETF) in the US when it lists its new FTSE-based ETF for emerging markets on the New York Stock Exchange on Tuesday, 8 December.
12/9/2009 12:00:00 AM
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Recent economic data are pointing to the likelihood that South Africa came out of recession during the third quarter of 2009, with third quarter GDP data likely to show economic growth of around 2.0% ((on a seasonally adjusted annualised (saar) basis)), according to Johann Els, senior economist at Old Mutual Investment Group SA.
10/20/2009 12:33:30 PM
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With interest rates expected to remain near their current low levels for an extended period of time and the outlook for government bonds discouraging, corporate bonds are expected to remain an attractive sub-asset class over the medium-term for investors looking for income, according to Wikus Furstenberg, a portfolio manager at Futuregrowth Asset Management, South Africa’s largest fixed income asset manager and a boutique in Old Mutual Investment Group SA (OMIGSA).
10/20/2009 12:00:00 AM
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South Africans who put their savings into offshore equity markets when exchange controls were eased in the late 1990s have been badly disappointed over the past decade: the MSCI World Index has returned 2.8% per year in rand terms and the average SA unit trust in the Foreign Equity sector returned only 3.3% per year in the 10 years to 30 September 2009, leaving investors with little to show for their offshore portfolios.
10/20/2009 12:00:00 AM
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Old Mutual Investment Group (OMIGSA) has appointed Brian Pyle, currently OMIGSA’s sector head of small cap research, as the new head of Investment Research, effective immediately. His responsibilities will include managing OMIGSA’s Investment Research team of 16 other analysts, the Economic Research Unit (ERU) and Quantitative Research.
8/21/2009 12:00:00 AM