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12 Sep 2018

South Africans should prioritize drafting their wills

More South Africans should take advantage of the opportunity to have their wills drafted during this year’s Wills Week from 17 to 21 September.
11 Sep 2018

SA banking system: Resilient financials amid a weakening economy drive our stable outlook, says Moody's

Moody’s says in its outlook on the SA banking system issued today: We have changed our outlook for the South African banking system to stable from negative, reflecting our assessment that the banks’ financial metrics and creditworthiness will remain resilient over the next 12 to 18 months, despite weakening operating conditions. Slow economic growth will...
11 Sep 2018

From Venezuela with love: Lessons for SA

By Tlotliso Phakisi, Investment Analyst, Cannon Asset Managers. The reality of South Africa’s economic quagmire has finally sunk in with the announcement that the country had slipped into a technical recession in the second quarter of this year, adding fuel to populist demands for greater political intervention in the economy.
11 Sep 2018

Policyholders and beneficiaries receive R63.7bn in death, disability and critical illness payouts from life insurers

South African life insurers paid R63.7 billion to individuals who had experienced death, disability or a severe illness in their family circle in the 12 months ended June 2018. This marks an increase of more than R6.3 billion from the previous 12 months to the end of June 2017.
11 Sep 2018

Why the draft bill pertaining to Living Wills is an important one

A draft National Health Amendment Bill is to be introduced to parliament that will explicitly allow for living wills to be recognised and enforced.
11 Sep 2018

Office of the FAIS Ombud sounds warning on funeral policies

Conversations about death and funerals are never pleasant but certainly necessary, as we are all confronted by death at some point in our lives, says the Office of the FAIS Ombud in a statement.
10 Sep 2018

Recession to Blame for Sharp Decline of Consumer Credit Index - TransUnion

The TransUnion (NYSE: TRU) Consumer Credit Index (CCI) declined sharply in Q2 2018, marking a decisive change in its upward trend since early 2016, according to a report published by TransUnion South Africa.  The decline in the CCI occurred amid ongoing difficult macroeconomic conditions in South Africa. Following a rise in consumer and business confidence...
10 Sep 2018

New research highlights how distracted employees damage company productivity

South African businesses are losing up to a staggering R89 billion per year due to unproductive employees. This is according to new research by Momentum Corporate, which reveals that presenteeism – the phenomenon when employees are at work but not productive due to distractions – is costing these businesses 5% of Gross Operating Profits (GOP)1.
10 Sep 2018

Most non-life insurance markets in phase of below-average profitability: report

Non-life underwriting margins in major western markets and Japan need to improve by around 5 to 9 percentage points in order to deliver sustainable returns Supportive macroeconomic developments alone are unlikely to close this existing profitability gap Premium rate increases are needed to restore profitability to sustainable levels Insurance stocks have delivered profitability on par...
10 Sep 2018

The Property Sector Charter Council lays the foundation for transformation

President Cyril Ramaphosa’s late night announcement on 31 July on the decision to amend Section 25 of the South African Constitution to clearly articulate land without compensation has driven the debate on land ownership into top gear.  A report recently released by the Bureau for Food and Agricultural Policy (BFAP) calls for an urgent land...

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