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Industry News

25 Jan 2017

CMS clarifies facts regarding beneficiary registry

The Council for Medical Schemes (CMS) says in a statement today that it “noted with great concern the recent press statements and subsequent radio and television interviews regarding the beneficiary registry (BR).”
25 Jan 2017

Health Department denies trying to improperly collect private information

The Democratic Alliance says the Department of Health’s denial that it is attempting to improperly collect private information from medical aid members is highly misleading.
24 Jan 2017

FNB forecast is for the rate to remain unchanged through 2017

The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) today decided to leave its policy Repo Rate unchanged at 7%, where it has been since March 2016. This will leave Prime Lending Rates at 10.5%.
24 Jan 2017

SARB leaves repo rate unchanged

The Monetary Policy Committee (MPC) of the SA Reserve Bank (SARB) has unanimously decided to keep the repurchase rate unchanged at 7% per annum.
24 Jan 2017

deVere under attack in South Africa

One of the world’s largest financial advisory organisation, deVere Groups is “under attack in South Africa”, affirms the CEO.
24 Jan 2017

Floods most damaging peril of 2016

Impact Forecasting, Aon Benfield’s catastrophe model development team, has launched its 2016 Annual Global Climate and Catastrophe Report, 2016 which evaluates the impact of the natural disaster events that occurred worldwide during the last 12 months to promote awareness and enhance resilience. Aon Benfield is the global reinsurance intermediary and capital adviser of Aon Plc.
24 Jan 2017

Insurance implications for Ford Kuga owners

Last week’s Sunday Times contained the front-page headline: ‘Your Kugas are worthless’. “Kuga owners said they were turned away when they tried to trade in their cars for other Ford models, with dealers either refusing or reluctant to give owners trade-in values,” the newspaper said.
24 Jan 2017

Will Donald Trump’s new administration negatively affect Africa?

Although Donald Trump has been vocal in his disapproval of existing trade deals, it appears that benefits to the US of removing those related to Africa are so tiny that the status quo is likely to be maintained. This is according to Kathy Davey, Africa Portfolio Manager at Ashburton Investments.
24 Jan 2017

How to recover from the festive season shopping spree

By Joanne Brown, Principal consultant, Momentum Consult. The tinsel has fallen off the tree, the lavish meals have been eaten and for many consumers, the festive season’s financial hangover has set in.
23 Jan 2017

The story behind SA's biggest investment conference

Seven years ago, six South African asset managers got together to create a forum where financial advisers and portfolio managers could interact and the investment philosophies and decisions of the managers could be openly compared to one another in a professional environment.

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