MoneyMarketing

Industry News

18 Sep 2018

A new era for Sasfin

While Sasfin reports disappointing performance in the current financial year, new Sasfin CEO Michael Sassoon is confident about the Group’s medium-term prospects off the back of significant Board and management enhancements. Headline earnings dropped by 37.08% to R122.152 million (2017: R194.151 million), primarily due to a significant increase in the credit loss ratio to 197...
17 Sep 2018

Kenya's low income farmers get livestock microinsurance

A five-year project to provide low-income dairy farmers with livestock microinsurance in Kenya will be launched by Kenyan cooperative insurer CIC Insurance Group (CIC) at a formal event taking place today in Nairobi. This venture has been formulated as part of the International Cooperative and Mutual Insurance Federation’s (ICMIF) 5-5-5 Mutual Microinsurance Strategy, which aims...
17 Sep 2018

Securing the future: Wills and your legacy

By Kezia Talbot and Remay de Kock, Legal advisers at BDO SA. During life we have so many pressing factors to consider – career, business, income, tax, education, investments… We’re dealing with the present to ensure a stable, secure future, and it may seem “unnecessary” to incur further costs to draft a will.
14 Sep 2018

What to expect in the week ahead - company results

Remgro (Full Year Results): According to Bloomberg estimates, headline earnings per share (HEPS) are expected to increase by 15.6% for the full year. The company reported a drop in HEPS of 10.4% during the first half as Mediclinic’s contribution to earnings fell 50.5%. Other investments’ contributions declined 25.6%. Banking, consumer products and insurance are expected...
14 Sep 2018

SA insurers made more resilient by new regulations: Moody’s

According to Moody’s Investor Service, South Africa’s new prudential regulatory standard for insurers, known as Solvency Assessment and Management (SAM), brings the country’s insurance regulation into line with international best practice.
14 Sep 2018

Actively passive

By Sylvester Kgatla, Head of Absa Fund Managers – Absa Wealth and Investment Management. Absa Fund Managers has launched a plethora of passive funds. This initiative focuses on expanding the current offering in order to add to the variety of Collective Investment Scheme Funds (‘Funds’) that investors can choose from. With a full suite of...
14 Sep 2018

Accelerating transport inflation unlikely to trigger SARB action yet

By Maura Feddersen, Economist at Strategy&, PwC. Currency weakness amid emerging market turmoil and disappointing domestic growth outcomes are set to feature prominently in this month’s Monetary Policy Committee (MPC) at the South African Reserve Bank (SARB). The three-day MPC meeting from 18 to 20 September will determine a suitable interest rate policy that will keep...
13 Sep 2018

The results are in – SA’s most active and best driving city revealed

Capetonians exercise the most and are the nation’s safest drivers – and there is a correlation between the two. This is according to the Road to a Healthier South Africa, released by Discovery Vitality, which presents the latest insights on the physical activity levels and driving behaviour of over half a million Vitality members in...
13 Sep 2018

Insurance solutions for an emerging market economy

Underinsurance, high premiums, and insufficient contribution to the incremental development of local financial and intellectual capacity by reinsurers are but a few of the obstacles to emerging economies – and the short-term insurance sector in these markets. Insurers, however, can turn this around.
13 Sep 2018

King Price launches lower-cost option on home contents cover

King Price, the only insurer in South Africa that offers car insurance premiums that decrease monthly as the cars’ values drop, has launched a lower-cost option on its home contents cover that it calls “fire and fury”.

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