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Industry News

11 Jul 2016

Teaming up to conquer complex risk

Mutual & Federal Insurance have announced that they are enhancing their client and broker proposition with the launch of new General Aviation, Kidnap & Ransom, Terrorism and Political Risk products and an expansion of their Property, Marine and Engineering underwriting appetite and risk capacity. Their enhanced proposition will increase choice for insurance brokers, buyers and...
11 Jul 2016

Unlock financial peace of mind with a budget

July is National Savings month and correct budgeting is the first step. Budgeting isn’t easy if you’re not earning much and even if you are, committing to a budget can be a daunting task. But however you feel about budgeting, it’s a key step to staying out of the red and knowing exactly where your...
08 Jul 2016

Brexit’s impact on Africa

The short-term implications of Brexit for African economies will be mainly noticeable through market volatility. However, according to Control Risks (www.ControlRisks.com) and NKC African Economics, the longer-term impacts on Africa from Brexit are speculative and depend as much on the attitude of future British governments as on the terms of exit.
07 Jul 2016

Advice to SA business owners in avoiding liquidation

Although the number of liquidations recorded in South Africa has been steadily decreasing over the past six years, there were still close to 2 000 businesses that were liquidated in 2015, leaving ample room for further improvement.
07 Jul 2016

SA economy finding a new balance

The additional fall in the FNB/BER Consumer Confidence Index in 2Q16 is not surprising considering increased pressure on households’ real income amid higher inflation and constrained employment growth or even retrenchments. Generally, the depressed level of consumer confidence suggests continued weakness in consumption spending by households (real consumption spending fell outright by 1.3% annualised in...
07 Jul 2016

Zurich Insurance Company South Africa to be acquired by Fairfax Financial

Zurich has announced today the acquisition of its operations in South Africa and Botswana by Fairfax Financial Holdings Limited (“Fairfax”), a holding company based in Toronto, Canada, which through its subsidiaries is engaged in property and casualty insurance and reinsurance and investment management. The sale is subject to regulatory and competition commission approval.
07 Jul 2016

Some Americans are above the law

The American people – and indeed the world – are probably sick and tired of hearing about Hillary Clinton’s emails.  They now have seemingly heard the end of the saga, as this week, the FBI gave Hillary a mere slap on the wrist and recommended to the US attorney general that no action be taken....
06 Jul 2016

South Africans could pay more to bury loved ones

With food prices continuing to increase, rising fuel prices and high electricity tariffs – South Africans could see the average cost of burying a loved one rising significantly in the short-term.
06 Jul 2016

Asset managers expect further growth in tax-free savings accounts

After the first year of tax-free savings accounts (TFSAs) becoming available in South Africa, it is clear that the products have been successful in encouraging new investors to save money in investments.
05 Jul 2016

National Treasury Launches Public Economics Winter School

The National Treasury is launching a Public Economics Winter School, on Monday 11 – Friday 15 July at the University of Pretoria’s campus.

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