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Press Room

Press Archive »

One more holiday break in sight – stay safe on the roads

Published: Tue, 25 Apr 17

While many may have pleasant memories of the Easter weekend, others are however counting the costs of loss over the long weekend due to various road accidents that happened across the country. According to traffic authorities, the past Easter weekend statistics included: 235 deaths on our roads 1 738 motorists ...
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Building on success: The 2017 FIA Awards survey is underway

Published: Tue, 25 Apr 17

The 2016-17 Global Competitiveness Report ranks South Africa 11th out of 138 countries for our financial market development. In a report card that even the toughest parent would be proud of we scooped first place for financing through our local equity markets; second place for financial services’ ability to ...
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Laws amendment to accommodate health insurance demarcation regulations

Published: Tue, 25 Apr 17

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   The pending changes to the Medical Schemes Act and the Long-term and Short-term Insurance Acts to accommodate the demarcation regulations were made on 1 April 2017 including the new definition ...
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The Competition Commission and the Aftermarket Automative Sector

Published: Mon, 24 Apr 17

By: Ahmore Burger-Smidt, Director at Werksmans Attorneys INTRODUCTION Following numerous complaints received by the Competition Commission from participants in the automotive aftermarket, the Commission, through its advocacy programme hosted a consultative workshop on Friday, 17 March 2017. COMPLAINTS The ...
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SA Law Society elects new Co-Chairpersons

Published: Mon, 24 Apr 17

Caption: David Bekker (left) and Walid Brown, Co-Chairpersons, Law ...
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Associated Compliance Protection of Personal Information Act Series: Part 7

Published: Fri, 21 Apr 17

Protection of Personal Information Act (POPIA) – Security Safeguards   Over the last seven months the POPIA articles have dealt with responsibility, processing, purpose, further processing, information quality and transparency or openness. Now that you have established the reason and purpose ...
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France’s Presidential Election: The Closer We Get, the Less We See

Published: Fri, 21 Apr 17

By Coface, the international trade credit insurance company On May 7th 2017, French voters will elect a new President to succeed Francois Hollande. Less than two weeks before the first round, according to the latest polls, there is still uncertainty. For the first round of the elections, the main ...
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Message from the Junkyard

Published: Fri, 21 Apr 17

By Richard Rattue, Managing Director, Compli-Serve   As we are all aware South Africa was recently downgraded to ‘junk’ status by two of the three major ratings agencies amid allegations of poor macro governance and related matters that are beyond this article. As a compliance professional ...
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Western Cape to prepare for rain and floods

Published: Fri, 21 Apr 17

A recent article on News24 has highlighted that Western Cape residents should prepare for rainy weather and possible flooding this winter. This news comes as the region faces a devastating drought with dam levels currently at an average of 22. Mutual & Federal urges Western Cape residents to take the ...
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Employment Practices Liability - Looks do not determine competence

Published: Thu, 20 Apr 17

    Seonita Avery, Claims Manager Camargue Underwriting Managers (Pty) Ltd         “This matter was borne out of a tragic event, which, instead of being resolved on the basis of compassion and good sense, escalated into unfortunate litigation on the ...
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A Sowetan is the CEO of a global company

Published: Thu, 20 Apr 17

        Thusang Mahlangu, Africa CEO Allianz Global Corporate & Specialty (AGCS)         Johannesburg: Thusang Mahlangu achieved his vision of becoming CEO at 40 when he was appointed Africa CEO for Allianz Global Corporate & Specialty ...
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The notification of data breaches in South Africa will soon be required by law

Published: Thu, 20 Apr 17

By Darryl Bernstein, partner in Baker McKenzie's Disputes and ITC Practice Groups in Johannesburg   According to the Gemalto Breach Level Index, released in March 2017, South Africa experienced nine reported security breaches in 2016. It was not the rise in security breaches that caused the ...
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Companies and organisations must review critical security controls - expert

Published: Wed, 19 Apr 17

Recent incidents have highlighted the need for all companies and organisations to review the safety and security of their data and their IT systems, as standard approaches no longer protect against myriad vulnerabilities, an expert says. “Even the highest judicial office in the land, that of Chief Justice, Mogoeng ...
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Investors Eye Turkish Referendum Outcome Amid Uncertainties

Published: Wed, 19 Apr 17

By Coface, the international trade credit insurance company   Chart: Turkey’s Contribution of GDP Components (% points)   Turkey’s referendum ‘Yes’ vote over the weekend now paves the way for 18 amendments to the constitution that have long been sought by the ruling ...
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The importance of developing insurance products for the poor

Published: Tue, 18 Apr 17

By Zanele Gigaba South African Insurance Association (SAIA) I've worked in the short-term insurance industry for the past 23 years, and like most consumers, insurance was a grudge purchase for me, until I started my MBA research project. What I've learnt in the space of eight months has changed my perspective ...
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Reducing fraud and gaining control of moveable assets not registrable on eNaTIS

Published: Tue, 18 Apr 17

Banks and Insurers are now able to reduce fraud and gain control of all movable assets currently not allowed to be registered on eNaTIS   By Kyle Dutton, Project Manager Southern African Movable Asset Register (SAMAR) www. za   Many moveable assets, such as various forms of yellow metal, agricultural ...
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SAIA remains committed to finding solutions that will enable sustainable and inclusive economic growth

Published: Thu, 13 Apr 17

      Viviene Pearson, CEO South African Insurance Association       There is little doubt that the recent cabinet reshuffle and credit rating downgrade announcement has brought a lot of concern for many South Africans, the far-reaching effects of which ...
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Swiss Re estimates its losses from Cyclone Debbie in Australia at approximately USD 350 million

Published: Thu, 13 Apr 17

Swiss Re estimates its claims burden from Cyclone Debbie in Australia to be around USD 350 million, net of retrocession and before tax Total insured market losses currently estimated to be approximately USD 1. 3 billion Swiss Re estimates its claims burden from Tropical Cyclone Debbie in Australia at approximately ...
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Liability cover and the operation of the retroactive inception date

Published: Tue, 11 Apr 17

    Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.     Where an insurance policy had a retroactive date so that there was no indemnity for any claim ‘arising from or in any way involving any act, error or omission committed’ prior ...
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The Business for Road Safety Forum encourages road safety ahead of Easter

Published: Tue, 11 Apr 17

The Business for Road Safety (BRS) Forum is urging all road users to be vigilant on the road and to obey traffic rules in the lead up to the long Easter weekend. Traffic volumes are expected to increase across the country as holiday-makers travel to various destinations. The BRS is an initiative, which was formed ...
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