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Industry News

11 Apr 2018

Where there’s no Will there’s little way

Guitar guru Jimi Hendrix’s death in 1970 led to 30-years’ worth of bitter court battles. Bob Marley’s estate which was valued at USD 130-million[1] was dissolved intestate, when in 1981 the reggae singer lost his battle with cancer.
11 Apr 2018

Are you a robust investor?

With volatility a more or less permanent feature of the investment environment, investors need to become more robust in how they approach creating wealth.
11 Apr 2018

Companies should be more proactive in fighting corruption

Organisations are not immune to the devastating consequences of fraud and corruption. Nowadays, organisations are under threat from a host of risks including procurement fraud and cybercrime. Zaakir Mohamed, Director in the Dispute Resolution practice at Cliffe Dekker Hofmeyr (CDH), says that it is critical for organisations to fully understand the risks they face and...
10 Apr 2018

Naked changes insurance for good

Insurance start-up Naked launches today with an AI-based car insurance offering. “Rebuilt for social good, the new product puts customers in control of their insurance and saves them money,” the company says in a statement.
10 Apr 2018

Ratsoma appointed DG of BRICS NDB ARC

National Treasury’s Deputy Director-General (DDG) for Economic Policy, Mr Monale Ratsoma, has been appointed the Director-General of the BRICS New Development Bank (NDB) Africa Regional Centre(ARC). The Treasury says in a statement that the appointment is effective from 16 April 2018. MrRatsoma’s role will be managing the bank’s African regional operations and leading the bank’sAfrican...
10 Apr 2018

Five considerations for start-ups that are looking for funding

Many entrepreneurs in South Africa consider funding to be a major stumbling block when it comes to starting or growing a business. In this tough environment where a majority of start-ups fail within the first 5 years of operations, the type of funding that a startup secures to either launch or grow a business often...
09 Apr 2018

Fraudulent claims on the rise

Tough times tend to elicit desperate behaviour from people. The slow economic growth, coupled with macroeconomic uncertainty, of the past few years have resulted in a marked increase in the amount of insurance fraud being committed in South Africa. According to the South African Insurance Association, local insurance fraud is in line with international trends...
09 Apr 2018

New FISA council constituted

After the annual general meeting of the Fiduciary Institute of Southern Africa (FISA) on 27 March 2018, a new council was constituted with a new chairperson and vice-chairperson. The new FISA chairperson is Dr Eben Nel. He replaces Ms Ronel Williams who came to the end of her three-year term as chairperson. The FISA constitution...
09 Apr 2018

Fulcrum CollectDirect removes the need for IGF cover

The Fulcrum Group has launched a new product called CollectDirect, which deposits premium collections directly into the respective insurer’s bank account. The system reduces risk for insurers and is fully compliant with the proposed amendments to regulations pertaining to the Short-Term Insurance Act that will put a stop to Sections 45 (IGF) guarantees from a...
09 Apr 2018

Barclays Africa announces changes to group structure and management

Barclays Africa announced today that the Group’s new growth strategy, announced on 1 March 2018 requires a change in operating models to deliver the three stated priorities: (i) restoring market leadership in core businesses, (ii) creating a thriving organisation; and (iii) building new propositions. “The new Group structure will consist of four businesses: Retail and Business Banking...

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