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Industry News

30 Mar 2016

ZAR X given go-ahead to launch first stock exchange in SA in over 100 years

ZAR X (Pty) Ltd announced today that it has been granted a stock exchange licence by the Financial Service Board (FSB). The licence enables the company to operate a fully-fledged, independent stock exchange and provides an exciting alternative to companies that want to list their securities on a licensed exchange.
30 Mar 2016

BlackRock launches retail and institutional offering in South Africa

BlackRock has received approval to offer a range of offshore funds to South African investors.
29 Mar 2016

King Price announces extension of product range

King Price Insurance, the relatively new kid on the short-term insurance block, has just announced the extension of its rapidly growing product range: Business insurance.
23 Mar 2016

Pension industry taken to task by regulator

Many pension funds claim they conform to the Treating Customers Fairly (TCF) principle despite giving customers a raw deal, says Pension Funds Adjudicator Muvhango Lukhaimane in a review of the industry.
18 Mar 2016

Momentum announces 2015 claim statistics

“Medical aids can never be a substitute for critical illness cover.” These are the words of Stephen van Niekerk, Head of Retail Life Insurance Products at Momentum at the recent media event during which he presented the 2015 claim statistics.
17 Mar 2016

Further rise in rates is 'overkill'

‘The decision by the SARB to further increase rates by another 25 basis points is ‘overkill’ in present economic and political circumstances,” says NWU School of Business and Governance Economist Prof Raymond Parsons.
17 Mar 2016

Mutual & Federal now owns 100% of CGIC

In August last year, Mutual & Federal began the process to acquire Santam’s stake in the Credit Guarantee Insurance Corporation of Africa Ltd (CGIC). At that stage, the company purchased a further 33.6% interest in CGIC, leading to a 86.1% shareholding in the business.
17 Mar 2016

SARB MPC hikes rates by 25 basis points

Today the Monetary Policy Committee (MPC) of the SA Reserve Bank (SARB), hiked the key repo rate by 25 basis points to 7% per annum.
17 Mar 2016

‘My silence tells it all’ – Finance Minister Pravin Gordhan

I attended the press briefing in Sandton given by Finance Minister Pravin Gordhan at the beginning of this week.  My understanding was that the briefing would deal only with the Minister’s recent roadshow that took him – as well as prominent figures from SA business and labour – to London, Boston and New York.  While...
16 Mar 2016

Stay in the market and be rewarded

Sanlam Investments’ Rafiq Taylor urges investors to stay on course with their long-term investment strategy.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za