BUDGET 2020: THE RIGHT INTENT, BUT THE CHALLENGE REMAINS DAUNTINGPublished: Thu, 27 Feb 20 BY ARTHUR KAMP, CHIEF ECONOMIST AT SANLAM INVESTMENTS
Budget 2020 is the best we could have hoped for in difficult circumstances. In essence, it aims to constrain consumption spending relative to capital expenditure, while recognising that persistent tax increases are counter-productive and constrain growth. Budget ...
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South Africa’s National Budget Speech 2020: A fiscal surprisePublished: Wed, 26 Feb 20 South Africa’s Minister of Finance, Mr Tito Mboweni delivered a surprising budget for 2020/21 before Parliament today by opting not to increase tax rates, highlighting the fact that in the current economic environment, substantial increases are likely to be ineffective. The focus of the budget over the last ...
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COFACE SA: Shareholding evolutionPublished: Tue, 25 Feb 20 COFACE SA (“COFACE”) acknowledges the announcement made today by Natixis of its sale of
29. 5% of the share capital of COFACE to Arch Capital Group Ltd (“Arch”) as well as Arch’s affirmed support of COFACE’s current management and of its new 2023 strategic plan Build to Lead. ...
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Genasys expands its ecosystem with the addition of PercaysoPublished: Mon, 24 Feb 20 Partnership enables provision of next gen data enrichment services to insurance clients
24 February 2020: Genasys Technologies UK has extended its client proposition with the addition of Percayso Inform to its ecosystem. Recently launched in the UK, Percayso Inform is able to analyse, assess and select the best ...
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Thumbs up from Motor body repairersPublished: Tue, 18 Feb 20 The publication of draft guidelines for the automotive aftermarket sector have been met with strong support from the South African Motor Body Repairers’ industry (SAMBRA), whose members are responsible for repairing over 80% of all insured repair claims in the country.
Richard Green, National Director ...
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Hard choices for Budget 2020Published: Mon, 17 Feb 20 Citadel Portfolio Manager Mike van der Westhuizen believes a strong Budget will come down to simple action and hard choices taken now for the long-term benefit of the country.
17 February 2020: “The main thing to look at, given that the Moody’s is watching closely, is the need to rein in the ...
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Sluggish adoption of DebiCheck is a cause for concernPublished: Mon, 17 Feb 20 Stellenbosch, 17 February 2020: In the face of rising debit order abuse, payment innovator Fintec calls on South African businesses to migrate their existing debit order collection facilities to DebiCheck.
Also known as ‘authenticated collections’, DebiCheck is an initiative introduced by the ...
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Global insurance M&A at a four-year highPublished: Mon, 17 Feb 20
Deals up in Europe, APAC and Middle East & Africa year-on-year, down slightly in the Americas
Transaction volumes buoyed by standout H1 2019; all regions except Middle East & Africa fell back in H2
Market remediation, technology and enhanced distribution capability among key transaction drivers
Outlook ...
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Coronavirus and its effects on international trade and insurancePublished: Thu, 13 Feb 20 The deadly novel coronavirus outbreak (2019-CoV) has resulted in passenger and cargo ships being quarantined around the world, partial and complete travel bans to parts of China and shipping and airlines being unable or unwilling to deliver cargo to the contractual destination.
Malcolm Hartwell, head of ...
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Negligent failure to perform caesarean section in time (UK)Published: Thu, 06 Feb 20 The claimant, suing the UK National Health Service, had a medical history of having undergone two caesarean sections and a tear to her womb. Her fourth pregnancy was therefore regarded as “high risk” and her treatment plan provided for an elective caesarean section. She brought a claim against the hospital ...
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NATSURE JOINS COMPASS INSURE PARTNERSPublished: Sat, 01 Feb 20 Natsure Underwriting Managers (Pty) Ltd (“Natsure”), announced today that they are partnering with Compass Insurance Company Limited (“Compass Insure”). Effective 1 April 2020 they will operate as an Underwriting Manager on behalf of Compass Insure.
The move to Compass is part of ...
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CIB Broker Awards 2019, a celebration to remember!Published: Thu, 30 Jan 20
Click Here to watch our Interview with CIB, Wilhelm von La Chevallerie
Friday, 8th November, CIB celebrated their 25th birthday for the final time this year at their annual Broker awards held at The Ivy Champagne Garden. It was not only a day to celebrate a quarter century of doing great insurance ...
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