MoneyMarketing

Industry News

08 Oct 2021

Will insurers and reinsurers ask for employees’ vaccination profiles at EB renewals?

With death claims soaring in the wake of the Covid-19 pandemic, employer and fund schemes offering employee benefits (EB) have not escaped unscathed and this is likely to affect pricing at renewal. That’s according to Francois Schaap, Managing Executive, Guardrisk Life.
08 Oct 2021

SAVCA appoints two new board members

The Southern African Venture Capital and Private Equity Association (SAVCA) hosted its virtual Annual General Meeting (AGM) on 6 October and welcomed two new directors to its board: Thiru Pather and Vuyo Ntoi.
07 Oct 2021

The new home of Momentum Investments

We’re proud to share the new Momentum Investments website with you. With user journeys for financial advisers, individuals and businesses, we have great new experiences and exciting content for our partners, clients and stakeholders.
07 Oct 2021

Santam accepts SCA decision

Santam says it's pleased that a judgment handed down today by the Supreme Court of Appeal (SCA) has brought legal clarity and finality on the interpretation and application of certain contingent business interruption (CBI) policies.
07 Oct 2021

Ma-Afrika Hotels wins final business interruption insurance battle against Santam

Today the Supreme Court of Appeal dismissed Santam’s appeal and upheld the Western Cape High Court’s finding in favour of Ma-Afrika Hotels (MAH) and Stellenbosch Kitchen (SBK) in the final stretch of the battle to hold Santam liable for Covid-19 Business Interruption claims in the tourism and hospitality industry.

07 Oct 2021

Standard Bank supports actuarial profession in SA

Standard Bank has taken title sponsorship of one of the longest-standing events of the actuarial profession in South Africa: The Convention of the Actuarial Society of South Africa (ASSA) 2021. This year marks the 48th annual convention, which will take place virtually from 19-22 October.
07 Oct 2021

Is the 'shrinking' JSE a sign of a sinking ship?

The number of companies listed on the JSE has decreased from 776 to 331 over the past 30 years, with over 14 companies delisting every year on a net average basis. This has spurred market commentators to discuss the JSE’s “slow death” in the context of a struggling local economy.
07 Oct 2021

Why businesses need tailor-made insurance solutions

Entrepreneurs invest a lot of energy into getting their businesses off the ground and finding ways to differentiate themselves from their competitors. Unfortunately, due to time constraints, few put the same dedicated effort into finding the best insurance solution for their business. Every business is unique, and there is no guarantee that stock standard insurance solutions can cater to the day-to-day needs of every small-and-medium sized enterprise (SME).
07 Oct 2021

Business insolvencies in South Africa rise by 21.5%

Since 2020, state support measures have helped most economies avoid a large wave of business insolvencies despite the historic economic shock caused by the Covid-19 crisis. But will their gradual withdrawal spark a resurgence in the coming months?

06 Oct 2021

Prudential announces departure of Fick

As Chairman of the Board of Prudential Portfolio Managers (South Africa) (set to be renamed M&G Investments Southern Africa), I would like to announce that Bernard Fick has made the decision to take a break from formal employment and will therefore be leaving our company. Bernard has worked for Prudential for some 14 years and has led the business as Chief Executive for most of that time.

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