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Industry News

25 Mar 2021

MPC’s decision to again leave interest rates unchanged widely expected

The MPC’s decision to again leave interest rates unchanged was widely expected and in line with market expectations. This is according to NWU Business School Econmist, Professor Rayond Parsons.
25 Mar 2021

Research reveals 3 key ways COVID-19 has impacted livelihoods of township residents in Cape Town

New SA-TIED research conducted in Cape Town, South Africa, reveals the devastating impacts that the COVID-19 pandemic has had on the livelihoods of township residents.
25 Mar 2021

Unchanged interest rates a catalyst for sustainable economic activity

Following the South African Reserve Bank’s (SARB) decision to keep the repo rate unchanged, FNB will similarly maintain its prime lending rate at 7% and will review its position after the next Monetary Policy Committee (MPC) meeting in May.
25 Mar 2021

Satrix scoops 10 SALTA Awards

Satrix’s Top 40 ETF was yesterday named South Africa's favourite exchange-traded fund (ETF) for the fourth consecutive year at the 2021 South African Listed Tracker Funds Awards (SALTA). The index investment industry leader scooped 10 SALTA awards, with the wins coming just two weeks after Satrix was named Morningstar's 2021 Best Large Fund House.

25 Mar 2021

Sygnia's Magda Wierzycka to step down from joint CEO role

"In compliance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised that Ms Magda Wierzycka will step down as joint Chief Executive Officer of the Company with effect from 31 May 2021," Sygnia says in a statement today.
25 Mar 2021

Winners of SALTA Awards announced

The organisers of the SALTA Awards are pleased to announce the winners of this year’s Annual Awards made to the issuers of JSE listed Exchange Traded Funds (ETFs), for investment performance and index tracking excellence for the year ended December 2020.

25 Mar 2021

South Africans take up to 29 years to change their bank accounts: Report

Discovery Bank today released a special report which shows South Africans take up to 29 years to change their bank accounts – that’s roughly 70% longer than the British and double the time of Americans.
25 Mar 2021

Hollard Group’s life insurance pay-outs soar to historic highs

The Hollard Insurance Group, South Africa’s largest privately owned insurance group, today reported that it has paid out the highest death benefit claims in its 41-year history in the period since March 2020.

24 Mar 2021

BrightRock announces strong growth in 2020, despite COVID-19’s challenges

Needs-matched life insurer BrightRock has released an update on its business performance across its individual life, group life and funeral assistance business. Despite the tough market conditions and trying times in the industry, BrightRock delivered industry-leading growth for the 2020 financial year.
24 Mar 2021

FNB Life proactively pays out biggest claim to date

FNB Life has proactively paid out its biggest claim to date, valued at R 6 million, for a customised Life insurance policy. The claim was proactively triggered by the FNB Life’s routine policyholder check, followed by a trace of the beneficiary.

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