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Ten years ago, FNB launched a range of outcomes-based unit trusts known as the FNB Horizon Series. The aim was to give South Africans access to professionally managed, diversified portfolios built on disciplined asset allocation, risk management and expert manager selection. The series consists of a range of risk-profiled multi-asset solutions that include local and …
Young South Africans are increasingly financially aware, digitally connected and eager to improve their financial wellbeing, yet many continue to struggle with traditional budgeting approaches that fail to reflect the realities of modern life. According to FNB, the challenge is not that young people don’t care about managing their money. Rather, many are navigating complex …
FNB has launched Crypto Investing through its banking platform giving customers seamless and secure access to an emerging asset class. Clients will be able invest through the FNB share trading platform, broadening its investment solutions to cater for the need of its clients. The move is in response to customer feedback and keeping up with …
For many young South Africans, receiving a financial windfall, whether through an inheritance, gift from family or prize winnings can fast-track major financial goals and responsibilities. However, without a clear plan, a sudden windfall can easily become a missed opportunity to building long lasting wealth. As more young people focus on financial independence and long-term …
By Bheki Mkhize, CEO of FNB Wealth and Investments Nearly half of under-60s with retirement products have dipped into their savings pots, mostly to get through the month. The 2026 FNB Retirement Insights Survey suggests the right response is empathy and better design Nobody raids their retirement savings unless they are facing difficult economic pressure …
While South Africans are becoming more actively involved in retirement planning, the findings of the 2026 FNB Retirement Insights Survey show that having a plan in place does not necessarily translate into retirement readiness. Now in its fourth year, the survey tracks how South Africans think about, prepare for and experience retirement. This year’s responses …
More South Africans are taking retirement planning seriously, but many remain uncertain about whether their plans will be enough to withstand the realities of rising living costs, debt, healthcare expenses and family responsibilities. That is one of the key findings of the 2026 FNB Retirement Insights Survey, now in its fourth year, which provides a …
Former NLC KwaZulu-Natal client liaison officer Sibonelo Vilakazi used his position to obtain tens of millions of rands for himself and his wife
ICT department staff and service providers implicated in alleged multimillion-rand scam
Investing can feel like a daunting task, especially with unpredictable markets and an overwhelming number of options to choose from. Many South Africans want to grow their wealth but are also mindful of protecting what they have already built – the challenge is finding investments that offer both security and opportunity. One such investment solution …
By Sizwe Nxedlana, CEO of FNB Private Segment Everyone has a version of what they want their retirement to look like. For many, it’s the dream of freedom from work-related responsibilities and the frenetic pace of daily life. For others, it’s the idea of having the time and money to travel, to be with family …
Building financial resilience requires good financial planning which will in turn help you meet your financial goals. However, this also comes with the responsibility of being disciplined and being prepared to learn and unlearn what you know about finances and money management. “Savings month presents the opportunity to help you understand that saving and setting …
R18-million, awarded to the Make Me Movement, was stolen
Gold has always held a unique place in the global financial system. It doesn’t generate income or pay dividends, but when inflation spikes, markets turn volatile or currencies weaken, gold can almost always be relied on to buck the trend and rise to the occasion. In 2025, this pattern has been repeating itself. Gold has …
JOHANNESBURG: Cricket South Africa (CSA) and Cricket Namibia are excited to announce a historic one-off T20 International (T20I) between the...
Global diversification is essential for investors wanting to optimise returns and protect their wealth in an ever-changing economic landscape. With international markets presenting strong growth potential, structured investments are an effective way to gain exposure while managing risk. In response, FNB has introduced the fourth tranche of its popular FNB Capital Preserver Participation (USD) structured …
Stepping up: Pupils to benefit from school shoes initiative
While it is often said that clothes make the man, a new, shiny pair of school shoes may do just the same for many school pupils, especially those that are underprivileged.
Deputy Minister in the Presidency Kenny Morolong on Tuesday received 470 pairs of school shoes from Capital Centric, on behalf of the Government Communication and Information System (GCIS) which will be donated to needy learners.
Capital Centric is a dynamic, unlisted public company, specializing in private equity investments. Guided by the philosophy of Kaizen, which, according to its website, emphasizes continuous improvement, the company focuses on identifying opportunities and building long-term value for its stakeholders.
The Deputy Minister said he was humbled by the gesture as he received the shoes.
“We are quite elated by the commitment demonstrated by the private sector. This donation will go a long way in helping kids who under normal circumstances would not be able to walk to schools with shoes,” a beaming Morolong said on Tuesday.
He stressed that by working together, the private sector, civil society and government can do more to fundamentally alter the circumstances under which people live.
“This collaboration will go a long way. We really wish to thank you for collaborating with GCIS to drive the programmes that impact our communities. I am speaking for these children who under normal circumstances would not be able to receive these shoes,” said the Deputy Minister.
Capital Centric Chief Executive Officer, Nathaniel Bricknell, said the company not only invests in small, medium, and micro enterprises (SMMEs) and enterprises that are profitable, scalable and sustainable, but also takes pride in playing a pivotal role in driving social impact within the sectors it serves.
“We are elated to hand over 470 pairs of school shoes to GCIS, to be distributed to schools and learners in need,” said Bricknell.
Bricknell explained that each pair of shoes tells its own unique story. This as the shoes are manufactured in South Africa and crafted from medical waste that might otherwise have ended up in landfills or have been destroyed.
Collaboration
“These shoes, made from plastic consumables that transitioned from saving life to creating opportunity, represent the very essence of transformation and sustainability.
“We believe in the power of collaboration to amplify impact. That’s why we have invited other corporates such as FNB and others we work with daily to participate in similar initiatives that drive positive change” Bricknell explained.
Bricknell thanked the GCIS for fostering a cooperative environment that enables the private sector to play an active role in uplifting communities.
“Together we are not just investing in the future of businesses but also in the future of our children, our communities and our country,” he said.
The company's Non-Executive Director, Pearl Munthali, said the entity appreciates the partnership with government.
“We are hoping to continue to partner with government changing the lives of those who are underprivileged in our country,” Munthali said.
The donation comes as schools across the country reopened for the 2025 academic year.
SAnews.gov.za
Edwin
Tue, 01/28/2025 - 20:55
Tebogo Sithathu is under investigation by the SIU over a series of multimillion-rand grants
The growing trend of stokvels and the seasonal withdrawals during festive season will require stokvel members to be vigilant and careful. Often stokvels are formed at the start of the year to enable spending in December and a result FNB sees the majority of withdrawals over this period. Cebile Magongo, Strategic Business Manager at FNB …
Investing in the stock market can be a powerful tool for growing wealth. However, as Sebastian Pillay, Head of Share Investing at FNB, highlights, it’s essential to approach the stock market with knowledge and level headedness to avoid common pitfalls and make the most of your investments and time horizon. He offers some tips to …
FNB data shows that 23% of their stokvel members are seniors, and 37% of their stokvels have two or more senior members in their groups. This may indicate how tradition is being passed down to the younger generation as seniors and youth are part of the same stokvels. “Group savings have historically been used as …
Given today’s increasingly volatile investment markets, structured products have emerged as a powerful tool, offering a unique combination of capital protection and potential for significant market-linked gains. Once known as the domain of institutional investors, these sophisticated financial instruments have undergone significant transformation, evolving from complex, high-cost investments with prohibitive minimums to more accessible and …
Avoiding needless tax deductions to your limited retirement savings is important consideration when planning for retirement. Having a diversified portfolio is key to ensuring the security and growth of your savings and investments portfolio. This is true for all life stages of investing, those saving for retirement, nearing retirement and those that are retired. Ilse …
Springboks cruise to victory
The Springboks brought joy to the nation after beating Argentina 48-7 and winning the Castle Lager Rugby Championship for the first time in five years.
The world cup winning side beat the Pumas at the Mbombela Stadium in Mpumalanga on Saturday evening.
The match saw the Boks lead 27-7 at half time.
“The win was never in doubt after the Springboks – celebrating a new Test record for Eben Etzebeth (128 caps) – had a sublime start that had the sold-out crowd of 43 578 in raptures and hardly gave them time to either sit down or catch a breath in a spellbinding first 15 minutes,” said the SA Rugby in match report.
Department of Sport, Arts and Culture Minister, Gayton McKenzie described Etzebeth as a warrior.
“On behalf of South Africa, I would like to acknowledge a warrior of SA, a man that donned the green and gold shirt 128 times doing duty for his country. You have done so much for us and the sport of rugby. You are truly a role model with the most magnificent teammates and coaches,” the Minister said in a post on X.
The Springboks scored a total seven tries in their victory on Saturday.
“A crowd of 43 578 celebrated as the Springboks scored seven tries to claim the southern hemisphere crown for the first time since 2019 – scoring more tries in a match in the competition since scoring nine in beating the same opponents at the FNB Stadium 73-13 in 2013,” said SA Rugby.
Proteas
Meanwhile, the Proteas Men are set to face Ireland in their T20i clash today.
“The Proteas are ready to bring the heat in the final T20i against Ireland! With the series on the line, they're focused on sealing the deal,” Cricket South Africa said in a post on X ahead of Sunday’s match. The match will get underway at 5:30 pm.
Cricket SA called on the nation to “get behind the Proteas as they aim to dominate and finish strong.” -SAnews.gov.za
Neo
Sun, 09/29/2024 - 10:36