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Financial inclusion remains ‘a work in progress’

On the surface, South Africa appears to be financially inclusive compared with other emerging markets: 70% of adults, for example, have a transaction account. However, it’s not nearly as inclusive as most mature markets, and serious and stubborn gaps remain, according to a new report by The Boston Consulting Group. (more…)

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Alma Nielsen- National Manager - Claims and Underwriting - LR

Telematics in vehicles – Big Brother isn’t watching you

The European insurance market introduced telematics about ten years ago and South Africa followed suit by introducing it into the local market. The insurance industry then faced the challenge of overcoming the stigma that telematics will become a ‘big brother’ initiative to spy on its clients. This is according to Alma Nielsen, National Manager Claims […]

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Mokgatla Madisha

Cabinet Reshuffle: how it impacts you

“Don’t get distracted, focus on the fundamentals,” says Mokgatla Madisha, Head of Fixed Interest at Sanlam Investment Management. The political situation in South Africa has been fluid for quite some time so the events of last week are not all that surprising. They serve merely to distract government and business from focusing on the real […]

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Arthur Kamp Investment Economist at Sanlam Investments1

Sanguine US Fed waits on Republican fiscal policy decisions

The US Federal Reserve’s decision on 15 March 2017 to increase the target range for the federal funds rate by 0.25% to 0.75-1.0% was widely anticipated. (more…)

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Regard Budler1

Improving financial literacy in South Africa

Tackling financial literacy is a critical challenge for South Africa. We’re one of the most indebted nations in the world. The latest National Credit Regulator data indicates that 40% of credit active consumers have impaired status, which means they have in some way failed to meet their obligations, and the 2016 MMI Unisa Consumer Financial […]

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Nazeer Hoosen New LR1

PPS Short-Term Insurance launches business insurance solution

PPS Short-Term Insurance has announced that the company will now be offering commercial insurance solutions in addition to its personal lines product offering. This comes almost a year after the company changed its business model from a brokerage to an insurer, to provide tailor-made short-term insurance solutions to graduate professionals. (more…)

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Tertius Troost1

The calm before the storm

With just weeks to go before the 2017 Budget Speech, attention is shifting to possible tax amendments expected to be implemented in the new tax year, says Tertius Troost, Tax consultant at Mazars. (more…)

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AON 2016 Annual Global Climate and Catastrophe Report

Floods most damaging peril of 2016

Impact Forecasting, Aon Benfield’s catastrophe model development team, has launched its 2016 Annual Global Climate and Catastrophe Report, 2016 which evaluates the impact of the natural disaster events that occurred worldwide during the last 12 months to promote awareness and enhance resilience. Aon Benfield is the global reinsurance intermediary and capital adviser of Aon Plc. (more…)

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