South Africans saving on fuel with Pick n Pay Smart Shopper As the petrol price continues winging its way to record highs, Pick n Pay’s Smart Shopper loyalty programme is giving South Africans a way to save at the fuel pump. In the past two and a half years, Smart Shoppers have spent more than R50-million worth of points on fuel at bp stations around the country. Customers with over R20 in Smart Shopper points can spend these towards their fuel purchases. Melissa Hanley, head of marketing at Pick n Pay says 3.7 million Smart Shoppers currently have more than
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Monthly Archives May 2022
WHAT YOU NEED TO KNOW ABOUT SUBMITTING A DEATH CLAIM
By Rita Cool, certified financial planner at Alexforbes If your loved one was a member of a retirement fund at the time of their death, you could be entitled to receive the value of the investment paid out. During what is a very emotionally-charged time, the paperwork which nominees are required to complete can seem onerous. There are several benefits that might have been left to you with various choices to be made. Retirement funds If your loved one was a member of a retirement fund – a pension, provident or preservation fund, or a retirement annuity – you could
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ALEXFORBES LAUNCHES TRANSFORMATION POLICY FOR REAL IMPACT ACROSS ASSET MANAGEMENT INDUSTRY
South Africa’s largest investments multi-manager has launched a transformation policy to make an impactful contribution to the sustainability and relevance of the asset management industry in South Africa. The policy has set transformative criteria for supporting and selecting asset managers and stockbrokers with an emphasis on gender diversity to ensure more black females are included in critical strategic and investment decision roles. Investments CEO Ann Leepile says that progress in transformation has been evidenced by the Alexforbes Manager Watch report given that 7 of the 10 largest managers are now rated as Level 1 B-BBEE providers. However, more needs to
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Nedbank invests in RapidDeploy to deliver life-saving rapid response technology to public safety
Nedbank has made an equity investment into industry-leading technology led emergency response platform, RapidDeploy. The bank is the first South African firm to invest in RapidDeploy, which was established in South Africa after its founders Steven Raucher and Brett Meyerowitz experienced the antiquated, legacy technology that was available within the country’s public safety sector. Raucher experienced a personal tragedy when his brother drowned at sea and, to honor him, he volunteered for the National Sea Rescue Institute (NSRI) of South Africa. This is where he came to realise that the emergency tools available could not achieve what was needed to
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PICK N PAY AND TAKEALOT REACH AGREEMENT TO LAUNCH GROCERY OFFER ON MR D
Pick n Pay and Takealot announced today that their two companies have signed a commercial services agreement which will enable customers across South Africa to buy Pick n Pay food, groceries, and liquor on a new platform on the Mr D app. This new service brings together the strengths of Pick n Pay and the Takealot Group. Pick n Pay will bring its tremendous expertise in running fresh food and grocery, its nationwide store network, and its leading Smart Shopper loyalty programme. The Takealot Group will bring its proven ability to satisfy online, its technical expertise, and its unrivalled delivery
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PICK N PAY SETS OUT NEW STRATEGIC PLAN
The Pick n Pay Group today launched a comprehensive new strategic plan, which Group CEO Pieter Boone described as the “biggest and most important change in Pick n Pay for many years”. The goal of the four-year plan is to deliver Group turnover growth at a compound annual rate of 10% – resulting in market share growth for the Group of at least 3%. The Group has also pledged through the plan to increase its profit before tax (PBT) margin to above 3.0% by FY26. The five key elements of the new strategic plan are: A new customer value proposition
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Windmill Casino helps keep learners in school with sanitary towel vending machine
Lereko Secondary School supports female learners. Lack of access to sanitary products can contribute to school absenteeism, and with the handover of a sanitary pad vending machine to a Bloemfontein school, Windmill Casino has helped to keep 600 young women at their desks. “Each of the 600 girls will be provided with a monthly token which they use at the vending machine that dispenses sanitary pads. No girl should be missing school due to lack of access to proper sanitary products and Windmill Casino hopes that the donation of the machine will help these young women focus on their studies
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The ESG lens into Russian investments
Over the past few months of the war, ESG practices have experienced strong critique. The prevailing theory being pursued by market participants is that funds or practices with the label of ESG should not have had exposure to Russian assets. Premal Ranchod, head of ESG research at Alexforbes, thinks that there is considerably more to the story than the calling out. The act of war is unsettling and there are no winners when the impact brings an incalculable human cost with it. Investments and ESG, however, have factors in addition to the humanitarian crisis worth contemplating upon. Using the lens
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