FNB

Compared to high income households, lower income households typically face more financial difficulties as a result of the constant rise in living expenses. For the average household, this requires putting limited resources to the best possible use by making often tough decisions about what and how much to consume, produce, trade and invest. The 2024 …

There is a pervasive myth that entrepreneurship can’t be taught. If you weren’t lucky enough to be born an entrepreneur, then you’re simply out of luck. And if you are a born entrepreneur, then success presumably just falls in your lap. Both ideas are problematic. If we agree that the definition of entrepreneurship is the …

By Chantal Marx, Head of Investment Research, FNB Wealth and Investments: The introduction of the two-pot system, together with possible interest rate cuts, decent momentum in wages, and lower inflation could boost consumer confidence and drive an increase in spending in the months ahead. This is expected to be positive for domestic retailers, particularly discretionary …

The latest 2024 FNB Retirement Insights Survey unveiled the startling reality that almost 50% of the respondents don’t have a retirement plan in place. This lack of preparation for retirement isn’t just a personal financial risk, it’s also a potential crisis that could send shockwaves through their families and negatively impact future generations. That’s because, …

As South Africa commemorates Savings Month this month, the country’s financial landscape presents a unique opportunity for retail investors to bolster their savings. Interest rates continue to hover at elevated levels and the predictions are that there will only be gradual decreases in the latter part of the year. This means that Savings Month is …

Getting a financial windfall can come from various sources such as an inheritance or winning a lottery. A financial windfall might change your life and present you with a lot of financial opportunities, however, if you don’t utilise it wisely it may create unpleasant moments. Therefore, it is important to have a plan in place …

Stokvels are a way of life for many South Africans, and an integral part of the country’s economic landscape. These collective schemes are a phenomenon with immense potential that is yet to be fully unlocked. With millions of participating members and contribution and saving pools amounting to billions of rands, stokvels have the capability to …

Chantal Marx, Investment Research Head, FNB Wealth and Investments answers this question; “Gold is at record levels – what now?” The gold price recently reached another all-time high, prompting investors to reassess their current exposure. Is it time to take profit for those who have held positions in gold or is it better to just …

As global investment markets have increasingly become characterised by uncertainty and volatility; a growing number of investors are recognising the value of Exchange-Traded Funds (ETFs) as a way of achieving diverse market exposure through a single investment transaction. Not only does such diversification mean that investors can reduce the risks associated with market volatility and …

By Bobby Madhav – FNB Head of Trade & Structured Trade and Commodity Finance For any business involved in local or global trade, a robust supply chain is key to sustainable success. The simple reality is that trade disruptions come in many forms, from natural disasters and geopolitical crises, to trade conflicts and even pandemics; …

In recent years, market uncertainty has become the norm, leaving most investors actively searching for opportunities that offer them stability and long-term growth potential while limiting volatility in the face of constantly shifting economic sands. Against this backdrop, the luxury goods sector has emerged as a compelling investment opportunity for investors. FNB recently launched the …

14 May 2024: Total mining production, not seasonally adjusted, declined sharpy by 5.8% y/y in March, after expanding by 10.3% y/y (upwardly revised from 9.9% y/y) in February, in part, due to unfavourable base effects, the mid-March and Easter holidays as well as water shortages. The outturn was worse than the Reuters consensus prediction of …

14 May 2024: The Quarterly Labour Force Survey (QLFS) data, a household-based employment survey not seasonally adjusted, revealed a resurgence in employment momentum in the first quarter of this year. Employment increased by 21 555 q/q (or 0.1% q/q), rebounding from a decline of 21 587 in 4Q23. However, the unemployment level surged by 330 …

13 May 2024: For most people, purchasing a home represents the largest investment they will ever undertake, and carries emotional significance as a symbol of stability, security, and achievement. Property can offer much more than just a place to live – and it can also be a powerful investment vehicle capable of generating wealth, providing …

6 May 2024: First National Bank (FNB) has expanded its extensive Exchange-Traded Note (ETN) offering with the introduction of eight new ETNs. These new offerings, brings the bank’s popular range of ETNs to a total of 50, are designed to give South African investors easy and affordable access to leading companies operating in pivotal global …

FNB tax-free savings account balances grew by 21% year-on-year and volumes increased by 18% year-on-year as customers continue to embrace tax-free savings benefits and take advantage of the high interest rate environment over the past year. “The growth shows that our customers are adopting and taking advantage of tax-free savings account benefits in light of …

Stokvels continue to show tenacity and commitment in promoting a savings culture in South Africa despite the tough economic environment, this is shown by the 15% increase in net deposits, surpassing the R9.6-billion mark in total member contributions over the past year. Himal Parbhoo, CEO of FNB Retail Cash Investments says, “the strong growth is …