MoneyMarketing

Industry News

30 Mar 2020

FSCA comments on insurers performing medical underwriting during lockdown period

It has come to the attention of the Financial Sector Conduct Authority (FSCA) that some insurers may have declared travelling nurses as essential services in the lockdown period, to collect blood samples for new business underwriting purposes.
30 Mar 2020

Coronavirus lockdown: Massive surge in the use of fintech apps

Coronavirus-triggered social distancing, isolation and lockdowns have driven-up the use of financial apps in Europe by 72 per cent in a week, reveals deVere Group.
30 Mar 2020

FirstRand establishes SPIRE: The South African Pandemic Intervention and Relief Effort

Today FirstRand Limited announced the objectives of its SPIRE intervention and relief effort, which aims to assist Government and its partners in mitigating the impact of COVID-19 rapidly and at scale.
30 Mar 2020

FNB confirms measures to help customers impacted by COVID-19

In recent weeks, the South African Government, business community, philanthropists and society at large have shown remarkable unity in a joint effort to protect our country against the impact of COVID-19.
29 Mar 2020

Absa launches extensive COVID-19 payment relief programme

As South Africa and the world confront the public health, financial and economic implications of the COVID-19 pandemic, Absa Group is rolling out an extensive relief programme for eligible customers impacted by COVID-19.

29 Mar 2020

Standard Bank extends relief measures

Standard Bank has announced a second wave of relief to help its customer base navigate financial commitments as Covid-19 continues to impact the livelihood of many individuals across the country.

29 Mar 2020

Tax measures to combat COVID-19

The Minister of Finance has announced the following exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa on 23 March 2020 in his speech on the Escalation of Measures to Combat COVID-19.

28 Mar 2020

Motsepe family and associated companies pledge R1bn for dealing with COVID-19

The Motsepe Family in partnership with companies and organisations that they are associated with, have pledged R1 billion to assist with the current Coronavirus (COVID-19) pandemic and its related challenges that are confronting South Africa and the African Continent.

28 Mar 2020

Organised agriculture’s role to ensure sustained food production amidst the COVID-19 pandemic

Organised agriculture (Agri SA, AGBIZ, Grain SA, TLU SA) currently serves on the Department of Agriculture’s COVID-19 task team.

28 Mar 2020

Moody’s decision to cut SA credit rating to junk 'expected'

Moody’s cut both the local and foreign currency-denominated debt from Baa3 to Ba1 and retained the negative outlook.

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