Synergies required to sell Guardrisk

[Edward West] Alexander Forbes Equity Holdings subsidiary Guardrisk Holdings was "a gem of a business" and offers for the insurer would only be considered if there were synergies and they would leave Guardrisk in a better position‚ Alexander Forbes' chief executive Edward Kieswetter said on Tuesday (21 May). 22 May 2013 10:40

FSB smacks Old Mutual's wrists

The Registrar of Long-term Insurance has initiated regulatory action against Old Mutual Life Assurance Company of South Africa for non-compliance with its Directive 159.A.i (LT & ST). 22 May 2013 10:26

MMI licence changes approved

The High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings. 21 May 2013 11:02

Vehicle insurance, a risky business - Von Widdern

The combination of new technology with environmental and behavioural risk analysis appears set to redefine risk and the cost of insurance in the South African motor industry. 20 May 2013 14:44

SA motor trade sales up 5.1%

Measured at current prices‚ South Africa's motor trade sales increased by 5.1% year-on-year in March according to data released by Statistics SA on Thursday (16 May). 17 May 2013 09:33

NHI is a reality says Motsoaledi

South Africans should stop wasting time opposing National Health Insurance (NHI)‚ Health Minister Aaron Motsoaledi said on Wednesday (15 May). 16 May 2013 10:07

Assurance complaints reach record level

The Office of the Ombudsman for Long-term Insurance received 9‚592 complaints against assurance companies in 2012‚ the highest ever and 4% more than in 2011‚ according to its latest annual report. 16 May 2013 09:46

Proper risk management for large-scale events

World-class acts Bon Jovi and Justin Bieber are performing two back-to-back concerts this weekend at the FNB Stadium in Soweto, following their successful shows in Cape Town. Around 200,000 spectators are expected. However, concerts of this magnitude bring their own potential hazards, and require stringent insurance cover, security measures and organisation. 9 May 2013 13:38

Transnet faces class action on pensions

Legal documents were served on Transnet and two of its funds on Wednesday (8 May) for a class action suit over pension funds, Geyser and Coetzee Attorneys said. 9 May 2013 09:44

TV series sponsorship: Think out of the box

[Bonnie Ramaila] I have never understood why companies should have those closing and opening billboards before, during and after a TV programme, until I saw 1st for Women's sponsorship of the M-Net series, 'Revenge'. 8 May 2013 10:26

Consumers worried about money

[Ntsakisi Maswanganyi] Consumers continued to feel financially exposed in the first quarter of this year amid the rising cost of living and inflation‚ the latest Consumer Financial Vulnerability Index released on Tuesday (7 May) showed. The index is compiled by Unisa's Bureau of Market Research (BMR) and sponsored by MBD Credit Solutions. 8 May 2013 09:40

Move to enforce pension savings

[Edward West] The government is seeking ways to force people to preserve their retirement benefits but they might allow withdrawals from the funds once a year. If accepted it will be enforced from 2015. 6 May 2013 09:18

Cars sales shoot up 19.5% in April

[Alistair Anderson] New vehicle sales jumped 19.5% in April compared with the same month last year‚ beating expectations. A Bloomberg consensus of economists had expected 2.7% growth. 3 May 2013 07:50

Sakhumzi's car rental model working

[Mpho Sibanyoni] While 75% of small businesses fail in the first year, lightweight car rental company Sakhumzi seems to be making progress despite stiff competition. 2 May 2013 06:55