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Industry News

28 May 2019

Momentum Life announces their 2018 claim statistics

Momentum released their claim statistics for the period spanning January to December 2018. Chief Executive Officer of Momentum Life, Johann le Roux, stated that “It is our business to pay claims and our claim statistics confirm our strong commitment to our clients to pay claims. This ensures that our clients achieve their desired financial goals...
28 May 2019

Sanlam pays out close to R4 billion in claims in 2018

In 2018, Sanlam paid out R3,9b in claims: R3,2b were for life cover, R329m for income cover and R323,5m for trauma and injury. The company also maintained its more than 99% admittance of death claims for the fifth consecutive year, of which 25% were linked to cardiovascular disease.
28 May 2019

STANLIB bolsters investment management team on its journey to improve performance

STANLIB today announced a pipeline of strategic management moves in its investment team, marking the next phase of its performance enhancing drive to fuel future growth. Since the announcement of its performance drive in 2018 the group has achieved consolidation of its equity capabilities, bolstered its index capabilities and established its Credit Alternatives team. It...
28 May 2019

Land expropriation without compensation – an important symbol for our country

Land expropriation without compensation could have positive outcomes and may not be as scary as it sounds. Rather, South Africans must acknowledge that the issue has become an important symbol for our country and it must therefore be addressed, and soon. It will all come down to the specific wording.
28 May 2019

Industry experts gather to discuss the role of International Financial Centres in promoting SA business

Global investment professionals, business intermediaries, cross-border economic operators, bankers, investors and policymakers, gathered in Johannesburg yesterday to discuss the important role of International Financial Centres (IFC) in attracting and channelling investment flows toboost African economies and businesses.
27 May 2019

Ruinous costs of dementia care a growing financial planning blindspot

Despite the growing awareness of dementia worldwide, it remains the one crippling condition that people seldom prepare for financially, leaving them at severe financial risk, often resorting to selling their primary home to pay for care costs, as these expenses are not covered by medical aid.
27 May 2019

Elections are done - where to now for our economy?

Economist provides 3 scenarios for South Africa over the next 5 years President Cyril Ramaphosa inherited a multi-faceted socio-economic crisis when he took office in 2018. Dysfunctional municipalities, incompetent leadership at key state-owned enterprises and criminal allegations against members in the executive have complicated the task of addressing the enormous challenges facing the country, more...
27 May 2019

Deal Breaker Brexit? A cloud of uncertainty hangs over South Africa’s financial services sector  

By Wildu du Plessis, Partner, Head of Banking & Finance, Rui Lopes, Associate, Dispute Resolution, and Matthew Tout, Candidate Attorney, Tax, Baker McKenzie Johannesburg. South Africa’s financial services sector has, in recent times, felt the harsh effect of a gradual depreciation in the value of the Rand, which has been attributed to, amongst other things,...
27 May 2019

Investment community calling for bold moves by Ramaphosa

“A complete restructure of the South African economy is necessary in order to build consumer and investor confidence,” affirms Gavin Smith, Head of Africa at deVere Acuma, one of th independent financial advisory organisations.
23 May 2019

Today's MPC decision leaves door open to future rate cut

The widely expected SARB MPC decision to again leave interest rates unchanged today reflects the MPC’s majority view of the present balance of risks facing the economy. This is the view of economist Professor Raymond Parsons.

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