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Industry News

13 Jul 2021

Gap cover going digital – transforming the industry

We all know that Covid caused acceleration in digital transformation across all industries, and the short-term insurance sector is no different. The need to immediately limit personal contact turned the entire industry on it’s head and forced rapid change to take place. For gap cover providers, this has presented a unique opportunity to improve the customer experience while enhancing business agility and efficiency.
13 Jul 2021

Why Treasury yields matter

We’re halfway through the year, and global investors are reassessing some of the broad views that have held for the past six or seven months. In particular, we’ve seen long bond yields falling sharply. Taking the US as an example, since it has the most important bond market, its 10-year Treasury peaked at 1.7% in March but has since pulled back to 1.3%.

13 Jul 2021

The long-term economic impact of COVID-19

Progress remains patchy as the world economy emerges from the Great Lockdown, with many countries ill prepared for the next cyclical downturn, Schroders’ economists cautioned.
12 Jul 2021

Extended lockdown: Does working from home affect your insurance?

Following the recent news of yet another extended period of lockdown restrictions amidst rising COVID-19 infections, many South Africans have opted to continue to stay safe by working from home. If you are a homeowner and find yourself in this position, whether working from home permanently or in a hybrid scenario, you may have wondered whether your homeowner’s insurance policy is impacted.
12 Jul 2021

The cost of dying - and when it needs to be paid

Although most people realise that there are costs when someone passes away, they don’t necessarily understand what these costs are, and how much they will amount to, says Sarah Love, a fiduciary practitioner at Private Client Trust, a division of Private Client Holdings.
12 Jul 2021

SACCI condemns looting and damage to property

The South African Chamber of Commerce and Industry (SACCI) condemns in the strongest terms the looting of businesses, damage to property and intimidation and victimisation of people.
09 Jul 2021

Momentum Investments responds to FSCA penalties

Momentum Investments said in a statement today that it’s serious about the role it plays in curbing financial crime. This follows yesterday’s FSCA statement in which the regulator said that it had imposed administrative sanctions on Momentum Wealth and Momentum Collective Investments (MCI), as well as issuing a directive for the entities to take remedial actions.
09 Jul 2021

Foreigners have been selling SA bonds - but who is buying them?

Foreign investors have almost constantly been selling South African Government Bonds (SAGB’s) over the past three and a half years, as the seriousness of the South African fiscal situation and resultant rising debt levels have become clearer. If anything, this selling has increased over the past year as the already dire fiscal situation was exacerbated by the economic impacts of the measures taken by governments to slow the spread of the virus.

09 Jul 2021

55 years of hurt: Investing and football

The England men’s football team are in their first major final since 1966. 30 years of hurt has become 55 years of hurt. Just one of many unwelcome statistics that have dogged the national team over the years, and which they hope to soon put an end to.

08 Jul 2021

Cash strapped consumers need more flexibility for their healthcare needs

Momentum Health Solutions has made the commitment to offer more health to more South Africans for less and provides truly flexible solutions to ensure that members can use their health benefit options and related savings facilities to place more focus on where their financial needs matter the most.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za