MMI to focus on growth after merger

[Amanda Visser] The Metropolitan and Momentum merger has been bedded down and the group can now turn its attention to growth‚ with a huge focus on new business volumes‚ said MMI Holdings chief executive Nicolaas Kruger on Thursday (13 June). 14 Jun 2013 08:37

African Bank reverses a fraudulent debt

Fraudsters continue to wreck innocent people's lives by stealing their personal data and using it to commit fraud. This kind of criminal behaviour costs financial institutions R1 billion a year. 13 Jun 2013 08:36

R65bn in unclaimed policies in SA

More than R65bn in unclaimed insurance for investment and funeral policies is waiting to be claimed according to Alan Ipp, managing director of Springpoint Finance. 11 Jun 2013 12:20

Transnet bond 3.4 times over-subscribed

Transnet has issued bonds to the value of R3.3bn in order to raise funds for its major infrastructure development programme, the state-owned company said on Monday (10 June). 11 Jun 2013 07:48

FIA celebrates fifth anniversary at annual awards

On Thursday, 30 May 2013, the annual Financial Intermediaries Association of Southern Africa (FIA) Awards Gala Dinner was held at the Sandton Convention Centre in Johannesburg. A prominent event on the financial services calendar, the awards saw almost a thousand industry representatives gather to congratulate the winners and celebrate the association's fifth anniversary. 5 Jun 2013 08:50

New car sales up 7.5% in May

Sales of motor vehicles surprised analysts in May and figures compiled by the National Association of Automobile Manufacturers of SA (Naamsa) and released by the Department of Trade and Industry (DTI) indicated on Monday (3 June) that sales had risen 7.5%. 4 Jun 2013 08:42

PwC's warning over taxation risks

[Evan Pickworth] Business leaders cannot afford to ignore the growing reputational and strategic risks they face as aggressive tax planning moves firmly up the list of priorities of governments and regulators, according to a global tax report by PricewaterhouseCoopers (PwC). 30 May 2013 11:27

R2 billion Liberty pay-out in 2012

Liberty has announced that it has paid out R2.33 billion in claims in 2012 across its full range of risk cover solutions, which brings the total value of claims paid to more than R15 billion in seven years. 30 May 2013 04:53

Unchanged repo rate offers little stimulus for economy

Commenting on the decision by the Monetary Policy Committee meeting to keep the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property Group points out that while this contains inflation, a rate cut would have been a welcome move. 24 May 2013 10:55

Reserve bank keeps repo rate unchanged

The Reserve Bank's Monetary Policy Committee [MPC] has kept the repo rate unchanged at 5% as expected by the market. 23 May 2013 17:11

Car sales - dealers' confidence falls

[Alexander Parker] Vehicle dealers' confidence dipped in the second quarter‚ WesBank's quarterly vehicle sales confidence indicator showed on Wednesday (22 May). 23 May 2013 09:01

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