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Industry News

04 Jun 2018

Insurance industry gears up for PoPI

On 25 May, the European Union’s new General Data Protection Regulation (GDPR) came into effect. The long awaited law changes the way in which companies are required to collect, store and process personal information – affording EU residents better protection and greater control. While the GDPR has helped to bolster the consumer rights and protections...
04 Jun 2018

King Price celebrates 2,190 days as local royalty

R100 million in decreasing premiums given back to clients, R1 insurance for some of their favourite things, and savvy protection against online bad guys all might seem normal now, but only 6 years ago, no bit of this was true. This June, King Price has 6 years under its belt, and an entire royal treasure...
04 Jun 2018

South Africans should not need more than one funeral policy

South Africans typically take out between three and four funeral policies in an attempt to deal with their changing circumstances. OUTsurance has launched a low cost flexible funeral plan tailored to meet consumers’ needs.  Each time a policy holder is faced with a difficult life event and is unable to pay the premium for a...
04 Jun 2018

Who needs enemies when you’ve got friends like the US?

By Arno Lawrenz, Global Investment Strategist at Ashburton Investments. EU and Canada steel themselves for a trade fight after news breaks of US tariffs on steel and aluminium. It was in March 2018 that the Trump Administration announced that for national security reasons, tariffs would be levied on imports of steel and aluminium. Given that the...
31 May 2018

Smoking not only burns your health, it burns your wealth too

World No Tobacco Day, celebrated on 31 May, is an initiative aimed at creating awareness on the impact tobacco has on cardiovascular health worldwide. Tobacco use is an important risk factor to heart disease, strokes and peripheral vascular disease. Lifestyle factors such as smoking, are an expensive habit on your general health (both as an...
31 May 2018

The implications of driving an uninsured vehicle

Motorists have been warned to brace themselves for another massive hike in the petrol price next week, which may result in the fuel price breaking the R15 a litre barrier for the first time. Hannes van Rensburg, a member of the Short-term Insurance Committee of the Actuarial Society of South Africa (ASSA), predicts that this...
31 May 2018

FNB Wealth and Investments welcomes Wayne McCurrie

FNB Wealth and Investments has announced that well known market commentator, Wayne McCurrie, will be taking up a new role in its business as of 1 June 2018. Previously with Ashburton Investments and Momentum Investments, McCurrie will use his 30 years of experience to inform and advise FNB Wealth and Investments clients, as part of...
31 May 2018

Ashburton Mezzanine Fund I reaches R507.5m first close, targets R1bn

Ashburton Mezzanine Fund I has successfully reached the first close of its inaugural fund, raising R507.5 million from four investors.
30 May 2018

Making the most of tax-free investments

By Pieter Hugo, MD of Prudential Unit Trusts. Introduced in March 2015, tax-free investments have now been available to investors for three years. While this remains a relatively short history in terms of investment horizon, we are now able to see more clearly how investors are benefiting from the tax savings they offer. While many...
30 May 2018

Trade wars - winners and losers: Where does SA fit in?

Amid an increasingly unstable geopolitical landscape, the looming possibility of a global trade war carries the risk of severe negative macroeconomic consequences, in that both the US and Chinese economies could begin to decelerate, triggering a world-wide recession. On the flip side of this, however, the rise in trade tensions brings about a sense of...

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