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Industry News

28 Mar 2020

BUSA notes Moody's decision 'with dismay'

Business Unity SA (BUSA) notes with dismay the decision by Moody’s Investors Service to downgrade SA to “junk status”.

28 Mar 2020

Standard Bank reacts to Moody's downgrade

Standard Bank notes the action taken by Moody’s rating agency to downgrade South Africa’s sovereign credit rating to Ba1 from Baa3.

28 Mar 2020

COVID-19 in South Africa – we must all play our part

In December 2019 an outbreak of Novel Coronavirus (nCoV) broke out in the city of Wuhan, China.
28 Mar 2020

FSCA fines Connie van Nieuwkerk two administrative penalties

The Financial Sector Conduct Authority (FSCA) has ordered administrative penalties against Ms Connie van Nieuwkerek for breaches of Section 76 of the Securities Services Act (SSA) during her time as director and Chief Financial Officer of both African Dawn Limited (African Dawn) and Alliance Mining Corporation Limited (Alliance Mining).

28 Mar 2020

Moody's downgrades SA's ratings to Ba1, maintains negative outlook

Moody's Investors Service last night downgraded the Government of South Africa's long-term foreign-currency and local-currency issuer ratings to Ba1 from Baa3. The outlook remains negative.

27 Mar 2020

Ashburton Investments welcomes SARB actions

The recent arrival of the Global COVID-19 crisis has resulted in a rate of exponential human infections in many countries across the world disrupting human capital, workflows, supply chains and output.

27 Mar 2020

COVID-19 - FSCA gives financially distressed employers breathing space

Employers in financial distress as a result of the COVID-19 pandemic and unable to pay their full contributions to employee retirement funds have been given a temporary reprieve.

27 Mar 2020

MSTI making R26m in future no claims and safety bonuses available

While South Africans face the challenge of curbing the spread of the COVID-19 pandemic, Momentum Short-term Insurance (MSTI) is determined to help alleviate the financial burden by giving clients early access to R26 million in future no claims and safety bonuses.
27 Mar 2020

Securities regulators coordinate responses to COVID-19 through IOSCO

Members of the International Organization of Securities Commissions, who regulate over 95% of the world’s capital markets, are cooperating closely on their responses to the disruption in capital markets resulting from the macroeconomic impact of COVID-19 on the global economy.

27 Mar 2020

SA life insurance industry well positioned to deal with COVID-19 fallout

The South African life insurance industry has more than double the legally required reserve buffers in place and is therefore well positioned to deal with the COVID-19 fallout over the coming months.

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