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Press Archive »

BUDGET 2020: THE RIGHT INTENT, BUT THE CHALLENGE REMAINS DAUNTING

Published: 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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Why you need insurance in the palm of your hand for all those ‘oops, eina, wuuu shem’ moments.

Published: Wed, 26 Feb 20

After the back to school or work dust settles, South Africans tend to review their insurance policies in search of better premiums, value-adds and cover. Insurance service providers are generally associated with call centres, lengthy phone calls and loads of paperwork. However, the insurance landscape is changing ...
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South Africa’s National Budget Speech 2020: A fiscal surprise

Published: 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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SAIA successfully launches the third series of its Consumer Education Radio Programme

Published: Tue, 25 Feb 20

Johannesburg – The South African Insurance Association (SAIA) has successfully launched the third series of its Consumer Education Radio Programme which commenced on Tuesday, 18 February 2020.   The programme, which forms a part of the SAIA Consumer Education initiative, aims to equip consumers ...
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Coface capitalizes on its strategic successes and launches Build to Lead, its new 2023 strategic plan

Published: Tue, 25 Feb 20

• Build to Lead will broaden and deepen the business and cultural transformation initiated in Fit to Win. In particular the new plan will: - Continue to strengthen risk management and underwriting discipline - Improve service, ...
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AM Best assigns A (Excellent) rating to Compagnie française d'assurance pour le commerce extérieur and to Coface Re SA

Published: Tue, 25 Feb 20

Rating agency AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) to Compagnie française d'assurance pour le commerce extérieur (la Compagnie) and to Coface Re. Both ratings have a stable outlook. The agency has also affirmed the FSR of ...
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COFACE SA: Shareholding evolution

Published: 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 Percayso

Published: 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 repairers

Published: 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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Rokk3r Insurtech inks partnership with insurance SaaS leader Genasys

Published: Tue, 18 Feb 20

Firms will join forces to market innovative insurtech solutions to new target markets around the world   MIAMI, FLA. –  Feb. 18, 2020  – Rokk3r (OTC: ROKK), the multinational company cobuilder is pleased to announce that its insurance-technology division, Rokk3r Insurtech, has reached an ...
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Hard choices for Budget 2020

Published: 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 concern

Published: 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 high

Published: 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 insurance

Published: 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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Risk challenges and economic outlook set to make 2020 another challenging year

Published: Tue, 04 Feb 20

Opinion by Gary Jack, Country President of Chubb Insurance South Africa. Businesses are facing a number of major challenges as we start 2020: Global growth is slowing, Middle East tensions are rising and concerns about trade remain. 9% citing policy uncertainty, fiscal pressures, business confidence and ...
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Euler Hermes Global Insolvency Index: Insolvencies expected to rise by 4% in South Africa

Published: Tue, 04 Feb 20

The upward trend in business insolvencies continued in 2019 for the third time in a row: +9% year on year, according to Euler Hermes Global Insolvency Index, which covers 44 countries that account for 87% of global GDP This year, business failures will rise again for the fourth consecutive year: +6% year on year ...
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NATSURE JOINS COMPASS INSURE PARTNERS

Published: 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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Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East

Published: Mon, 27 Jan 20

9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income Cyber incidents ...
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Small Company Funds:

Small company funds seek maximum capital appreciation by investing in both established smaller companies and emerging companies. New investment by these funds is restricted to small and mid-cap shares and at least 75 percent of the fund must at all times be invested in shares which fall outside the top 40 JSE listed companies by market capitalisation. Due to their nature and focus these funds may be more volatile than those that are diversified across ...
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