MoneyMarketing

Industry News

04 Mar 2018

STANLIB Index Investments launches global onshore offering

STANLIB Index Investments has announced its plans to enhance its offering by launching a global fund range consisting of five Exchange Traded Funds (ETFs) on the Johannesburg Stock Exchange (JSE), and five corresponding Unit Trusts in March 2018. The launch of these funds strengthens STANLIB’s position in the market, as it will be the first...
02 Mar 2018

Nedbank navigates challenging environment to deliver solid earnings growth

Nedbank announced today a solid set of financial results for 2017, with headline earnings (the JSE measure of profits) growing 2,8% in a very difficult operating environment, characterised by weak economic growth and heightened political and policy uncertainty. Headline earnings from managed operations, which include all operations except Nedbank’s approximate 20% share in associate Ecobank...
02 Mar 2018

Aon announces acquisition of specialist independent trade credit brokerage

Aon South Africa has acquired Niche International Brokers (Pty) Ltd, an independent specialist trade credit brokerage with operations in Johannesburg, Cape Town and Durban.
02 Mar 2018

Land expropriation - what you need to know

By Bulelwa Mabasa, Director and land claims specialist at Werksmans Attorneys.   Section 25 of the Consitution sits within the Bill of Rights, together with rights such as the right to life, the right to an environment that is not harmful, the right to freedom and association and religion amongst others. 
02 Mar 2018

Decisive actions being taken to restore Liberty’s performance and profitability

The company says full year results reflect improving SA retail insurance earnings and higher returns from investment markets. It adds that the group’s capital position remains strong. Financial Highlights Normalised headline earnings increased 8% to R2 719 million Normalised operating earnings declined 19% to R1 412 million Capital adequacy ratio strong at 2.92 times Group...
01 Mar 2018

Nedgroup Investments Launches Prime Money Market Fund

Today sees the launch of the innovative new Nedgroup Investments Prime Money Market Fund. “At Nedgroup Investments Cash Solutions, we value feedback from our clients and have therefore responded to the need we identified to provide Rand-denominated exposure to international paper,” Nedgroup Investments said in a statement. As the latest addition to the Cash Solutions...
01 Mar 2018

Budget ticks all boxes to avoid a Moody's downgrade

Last week Malusi Gigaba, then still Finance Minister, delivered a balanced budget, signalling a return to fiscal consolidation. The Budget targets a debt-to-GDP ratio of 56.2% by 2021, which represents a significant reduction in the debt-to-GDP ratio targeted in the Medium Term Budget Policy Statement last October.
01 Mar 2018

Metropolitan Health, Thebe Health and Validate-Workerslife Consortium in empowerment partnership

Metropolitan Health Group (MetHealth), Thebe Health Group (Thebe Health), Workerslife Group (an affiliate of the PGC Group of Companies) and Validate (a group of healthcare industry players) have entered into a strategic partnership where Thebe Health and the Validate/Workerslife consortium will own a 49% stake in MetHealth.
01 Mar 2018

Santam: FY HEPS up 31% to 1 425 cents

Santam, South Africa’s largest general insurer, today reported solid underwriting results and strong growth for the year ended 31 December 2017. Within the context of a tough trading environment for short-term insurers, the group reported excellent double-digit gross written premium growth of 15% and a solid net underwriting margin of 6.0%, which is well within...
28 Feb 2018

Soaring cyber crime - an opportunity for insurance brokers

While no-one would wish for the high profile breaches that fill the news on a weekly basis, they do present a real opportunity for insurance brokers to educate their cus tomers on what is becoming a crucial area to cover – cyber attacks. “The recent breach that saw the details of tens of millions of...

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