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Adrian Gore

Discovery introduces the world’s first behavioural bank

Financial services company, Discovery, today announced details of its new banking offering. Described as the world’s first behavioural bank, the fully digital bank leverages Discovery’s Shared-Value model, and can be joined from March 2019 by anyone with a smart phone. “Discovery Bank presents the latest manifestation of our core purpose of making people healthier and […]

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Khaya Gobodo

Leadership change at Old Mutual reflects successful talent succession strategy

Old Mutual Limited (OML) is pleased to announce the appointment of Khaya Gobodo as the Managing Director (MD) of its Wealth and Investments segment effective 1 January 2019, signalling significant progress towards one of its key strategic objectives of winning the war for talent. (more…)

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PI policy cannot be ceded to third party

By Patrick Bracher, Norton Rose Fulbright. The professional indemnity policy issued by the Attorneys Insurance Indemnity Fund is incapable of cession to a third party. A purported cession to the client of a law firm who had lost misappropriated trust funds was declared invalid by the Supreme Court of Appeal.Contracts can be ceded to third parties if […]

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Get offshore exposure without the currency risk

It has been a long time since South Africans experienced a stable exchange rate. Over the last three and a half years particularly, the rand has been highly volatile. (more…)

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Rob Bergman

Charting the route to successful mergers and acquisitions in Africa

The International Monetary Fund predicts that Africa will be the world’s second-fastest growing region in the period to 2020. This ensures that the continent will remain squarely on the radar of foreign companies and investors. South African companies too are eyeing opportunities across our borders in light of this country’s stagnant economic growth. Despite the […]

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Ian Matthews, Head of Business Development at Bravura

Has the Medium-Term Budget Policy Statement done enough to appease Moody’s?

Ian Matthews, head of business development and special projects at Bravura, comments on the medium-term budget policy statement (MTBPS) which was issued this afternoon. (more…)

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Nkareng Mpobane

SA equity market likely to struggle but bargains emerging

The South African overall equity market has shed more than 20% from its highs at the beginning of the year in dollar terms, a similar sized drop to the ‘Nenegate’ slump of 2015.  (more…)

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pwc jpeg

PwC’s MTBPS wish list to stimulate SA economy

Today, PwC published its wish list for this week’s MTBPS: Finance Minister Tito Mboweni will deliver his maiden Medium-Term Budget Policy Statement (MTBPS) to Parliament on October 24th. Although most of the medium-term fiscal planning ahead of this event would have been completed before Minister Mboweni was appointed to his new job on October 9th, […]

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