Category Archive: 3) Swiss Markets and News

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Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
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Budget 2019 | Slight dip for the rand, as markets react

2019-02-26

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There was some panic in the markets as Finance Minister, Tito Mboweni delivered the Budget speech in Parliament. The rand weakened to R14.37 to the dollar and asset classes in South Africa went on a downward spiral as the news of a R69bn bailout for Eskom, and a blown debt ceiling, were announced, but there …

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Budget 2019 | It’s going to be a rocky road for a long time to come

2019-02-26

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The Finance Minister is certainly putting his stamp on things that he started that a few months ago, but government is made up of many stakeholders, certainly the ANC is made up of many stakeholders and we’re going to need to bring them on board to appease the unions. We still have some policy uncertainty …

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Budget 2019 | Tax announcements – no surprises

2019-02-26

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While direct taxes have not been increased (other than bracket creep which is expected to raise R12.8bn), there will be increases in the so-called sin taxes as well as taxes on fuel. – Rene van Zyl, Tax & Fiduciary expert, Investec. Find out more https://invest.ec/2tF7H3P

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Why some Swiss people still get measles

2019-02-26

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Measles, a potentially deadly virus, is still breaking out in Switzerland, despite the availability of vaccinations. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to …

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Investec Life Mortgage Protection Cover

2019-02-26

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Investec brings you a first in South Africa: efficient Mortgage Protection Cover, where your premiums adjust according to your home loan balance. Find out more https://invest.ec/2SsoTUq

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What is Mortgage Protection Cover?

2019-02-26

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Investec brings you smart, efficient Mortgage Protection Cover that adapts to your changing life needs and secures your family home. Find out more https://invest.ec/2SsoTUq

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Zermatt and the dynamic ski pass pricing system

2019-02-25

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Ski season is underway and many ski resorts are now offering a flexible ski pass pricing system. This is the case in Zermatt, where ski passes can … Ski season is underway and many ski resorts are now offering a flexible ski pass pricing system. This is the case in Zermatt, where ski passes can … Continue reading...

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‘Dragon tamer’ animator shows Swiss kids how it’s done

2019-02-25

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The chief animator of the hit film trilogy “How to train your Dragon” is Swiss. Simon Otto, who has lived in the United States for 21 years, comes from St Gallen in eastern Switzerland. He returned home recently and showed school children how he works his magic. — swissinfo.ch is the international branch of the …

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When political education begins with the army

2019-02-25

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It may come as a surprise to learn that political education is a challenge even in Switzerland with its highly developed system of direct democracy. Nevertheless, the subject has a long history starting in 1875 with the young recruits of the early Swiss army. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation …

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More Job seekers abroad drain Swiss Unemployment Benefits

2019-02-25

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2019-02-25

The number of people drawing on Swiss unemployment benefits while searching for a job in the European Union has risen sharply in the last five years. Foreigners returning home make up the largest share, according to government data analysed by SonntagsBlick.

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Decathlon to expand in Switzerland

2019-02-24

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2019-02-24

The low-cost French sports goods chain has plans to expand in Switzerland. 14 new stores, employing between 500 and 600 staff, are planned for 2019, according to the newspaper 20 Minutes. Many of the new stores will be refurbished Athleticum stores. Décathlon teamed up with Athleticum in 2018.

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Drug makers paid Swiss doctors 12.5 million francs in 2017

2019-02-24

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2019-02-24

Since 2016, drug makers have voluntarily published the amounts they pay to Swiss doctors, who prescribe drugs to patients. In 2017 the sum was CHF 12.5 million, according to the association Science Industries. In 2016, the same figure was CHF 14 million. While drug makers publish the amounts paid, the information published does not always reveal the names of doctors receiving the money.

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Average Swiss rent barely rises over 7 years

2019-02-23

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2019-02-23

Recently published data show that close to 60% of households in Switzerland rented their home at an average cost of CHF 1,329 per month in 2017. Average monthly rents ranged from CHF 752 for a studio up to CHF 2,323 for 6 rooms or more.

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Börsen-Talk vom 22. Februar 2019

2019-02-22

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In der Schweiz werden werden wir noch lange rekordtiefe Zinsen haben, sagt Chefökonom Tom Gitzel im Börsen-Talk. Zudem erwartet er 2019 weitere US-Zinserhöhungen und bezeichnet die Konjunktursorgen als überzogen.

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Declining trend of cross-border workers continues

2019-02-22

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2019-02-22

The number of cross-border workers in Switzerland – except those from France – has dropped for the second consecutive quarter. This marks the second year-on-year decline by quarter in 20 years. According to numbers released by the Federal Statistical Office on Thursday, the fourth quarter of 2018 saw 2,000 fewer people commuting to Switzerland to work compared to the same period the year before.

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Budget 2019 | Tito’s tough talk and tightrope walk

2019-02-21

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Tito Mboweni’s maiden Budget may be enough to stave off a credit negative response from Moody’s but the risk remains that the agency may still downgrade SA’s outlook from stable to negative later this year, albeit not the rating.

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Switzerland’s first female fighter pilot takes to the skies

2019-02-21

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Fanny Chollet is the first woman to qualify as a fighter pilot in Switzerland, having started her training in 2012. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel:...

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Switzerland’s first female fighter pilot takes to the skies

2019-02-21

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Fanny Chollet is the first woman to qualify as a fighter pilot in Switzerland, having started her training in 2012. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit …

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UBS to appeal record €3.7 billion French tax fraud fine

2019-02-21

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2019-02-21

A French court on Wednesday found Swiss bank UBS guilty of illicit solicitation and laundering of the proceeds of tax fraud, imposing a hefty fine of €3.7 billion (CHF4.2 billion). The bank was convicted of illegally helping wealthy French clients evade tax authorities in France. UBS, its French subsidiary and three of its former executives have also been ordered to pay civil damages of €800,000.

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UBS Shares Tumble As French Judge Slaps Bank With $5.1 Billion Tax Evasion Fine

2019-02-20

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2019-02-20

In a landmark ruling that sent a clear message to other banks battling misconduct investigations in French courts, a Paris court on Wednesday found UBS guilty of having actively helped some of its wealthy French clients hide money from French tax authorities in undeclared Swiss bank accounts, and ordered the bank to pay a $5.1 billion fine.

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