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Industry News

29 May 2019

Santam: Net underwriting margins impacted by catastrophes

The first four months of 2019 were characterised by a number of significant catastrophe events, including fires in the Betty’s Bay area in January, hail damage in Newcastle in March and the storm and flood damage in Kwazulu-Natal during April, Santam said today.
29 May 2019

OSTI finalizes a total of 9 474 formal complaints in 2018

The Ombudsman for short-term insurance (OSTI) has published its 2018 annual report. During 2018, OSTI finalized a total of 9 474 formal complaints, Ayanda Mazwi, Senior Assistant Ombudsman, writes in the report. This was 97% of the total number of complaints registered in the same period.
29 May 2019

Insurance pioneers form insurance distribution partnership

Insurance pioneers, Simply and Iemas Insurance Brokers have formed an exciting insurance distribution partnership that brings together leading edge insurtech, innovative life insurance products and a strong grassroots distribution network. The Simply founders, with backgrounds in tech and life insurance innovation, set out in 2016 to shake up the SA life cover market. The idea...
29 May 2019

Longevity as a ‘way of life’

Modern day financial planning has to make provision for clients living almost as many years as they have worked, after they have retired.  This can be validated if we take into account that life expectancy has literally doubled over the last 200 years.
29 May 2019

BofAML: Revising SA growth and talking cuts

BofAML has issued the following note: By Rukayat Yusuf and Ferhan Salman. We lower our South Africa growth projections to 0.9% and 1.3% for 2019 and 2020 (previous: 1.3% and 1.5% respectively). We estimate output likely contracted by 2.0% in Q1 as weakening global conditions coincided with domestic electricity shortages and mining sector disruptions. We estimate that a 1% shock to China...
29 May 2019

What’s worrying some graduate professionals?

The number of skilled professionals committed to a career in South Africa is diminishing, while the demand for their expertise is not, according to the 2019 PPS Graduate Professional Index (GPI) results that were released last week.
29 May 2019

Three powerful tips to boost your savings

By Tlotliso Phakisi, Investment Analyst, Cannon Asset Managers. As rocketing fuel and electricity prices place even greater demand on stretched pockets, the task of saving money and building your wealth may seem more daunting than ever.
29 May 2019

Comfort and the art of investing

By Anet Ahern, Chief Executive Officer at PSG Asset Management. “In investing, what is comfortable is rarely profitable.” Robert Arnott
29 May 2019

Electrifying transport an important step towards decarbonisation

Although South African attempts to address climate change have been lambasted for being highly insufficient – the most recent Schroders Climate Progress Dashboard has revealed a slight improvement at a global level.
29 May 2019

Responsible Investing gaining momentum

Responsible Investing, as a clearly defined practice, is gaining momentum both globally and locally – and although still in its infancy locally, it poses some tough questions of investors, and shareholders alike.

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