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Sanlam to acquire majority stake in MultiChoice’s NMS Insurance Services
MultiChoice plans to use the up to R2.7 billion cash proceeds from the transaction for working capital purposes.
The government takes banks to task over what it sees as unfair lending practices, proposing mandatory disclosures of declined home loans.
Read moreMultiChoice plans to use the up to R2.7 billion cash proceeds from the transaction for working capital purposes.
During National Youth Month, Marius Kemp from Santam emphasises the importance of insurance for young people, who often lack emergency savings.
The change is aimed at making the financial information of insurers more easily comparable across countries and industries.
The Financial Intelligence Centre has published its responses to the comments it received during the first round of consultations.
Mahesh Cooper, Allan Gray’s chief operating officer, is appointed as deputy chairman.
The High Court’s judgment opened the door to unlimited claims against businesses whose clients suffered losses because of email interception.
The impact on capital markets should be minimal considering that most funds hold considerably more than 1% in cash, says Dawie de Villiers.
The Actuarial Society of South Africa urges retirement fund members to check their benefit statement to see whether they will qualify for a withdrawal.
Enrolments are open until 1 July for the Postgraduate Diploma in Financial Planning, a qualification designed to elevate careers in holistic financial planning.
The group’s 2023 claim statistics also note the steady increase in pay-outs arising from pregnancy complications.
Alexforbes is focusing on individual consulting as its main growth area, with in-fund asset flows of R3.5 billion for the year.
The Authority emphasises that the investigation is not complete, and it has made no findings to date.
The SA Reserve Bank is concerned about the liquidity of the country’s financial markets and institutional investors’ exposure to government bonds.
An aggrieved purchaser must exhaust the dispute resolution mechanisms outlined in the Consumer Protection Act before approaching the courts.
The sanctions follow an inspection of the Bank of China’s Johannesburg branch three years ago.
A comparison of current market behaviour with the pivotal 1994 election period points to the potential for a rally in the rand and financial shares.