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Thulani Gcabashe replaces Fred Phaswana as Standard Bank chairman

Thulani Sikhulu Gcabashe has been appointed the new chairman of the board of the Standard Bank group (SBK) and of Standard Bank SA. The appointment is effective from end May. He will replace Fred Phaswana, 70, who will retire at end May. Source: BDpro

Mutual & Federal partners One Financial Services
Mutual & Federal partners One Financial Services

Mutual & Federal Insurance and the short-term niche underwriter, One Financial Services Holdings (ONE), have signed a partnership agreement which will come into affect on 1 May 2015. The R1bn gross written premium deal was signed on 12 March 2015 by Andrew Harvey, group CEO of ONE and Karen Miller,...

Eskom has issued a load-shedding alert

Eskom has announced South Africans could be in for another bout of load shedding. It made the announcement this morning.

Centriq appoints FirstProp as underwriter
Centriq appoints FirstProp as underwriter

First Property Acceptances (FPA) has been appointed as an underwriting management agency (UMA) for Centriq Insurance. "Changes to the regulatory environment have placed intense pressure on UMAs to re-evaluate long-standing business practices. Therefore, we welcome the opportunity to re-establish our...

Zurich SA partners Auto Trade Underwriting Managers
Zurich SA partners Auto Trade Underwriting Managers

Short-term insurance company Zurich South Africa has formed a strategic partnership with Auto Trade Underwriting Managers. "This transaction is an exciting opportunity for Zurich. Auto Trade has a wealth of knowledge and experience in the sector. The partnership is expected to present exciting...

SA excels at helping poor

South Africa leads in using taxes and transfer payments to help the extremely poor, a World Bank report shows. "No other country of the 12 in the survey used its fiscal policy as effectively to reduce poverty," World Bank economist Catriona Purfield told The Times. The other countries surveyed...

Head of Nedbank Corporate Property Finance retires
Head of Nedbank Corporate Property Finance retires

Frank Berkeley, managing executive of Nedbank Corporate Property Finance, has his early retirement effective 31 August 2014. Berkeley has been at the helm since 2004. Says Mfundo Nkuhlu, managing executive of Nedbank Corporate, "I would like to express my gratitude to Frank for his outstanding...

StratLink Africa release market update report
StratLink Africa release market update report

StratLink Africa, a market research and consultancy firm based in Nairobi, Kenya have released a market update report on the following countries: Kenya, Uganda, Tanzania, Ethiopia, Nigeria and Ghana. Download Africa Market Update June 2014 [pdf]....

Finance Ministry warns of fake Twitter account

The Ministry of Finance on Monday warned the public that a Twitter account, set up in the name of newly appointed Finance Minister Nhlanhla Nene, is a counterfeit. "The Twitter account with the handle @NhlanhlaNeneZA is counterfeit," said the ministry. Minister of Finance Nene does not have an...

2014 Sikuvile Journalism Awards entry deadline extended

The Print and Digital Media South Africa (PDMSA) has announced that the 2014 Standard Bank Sikuvile Journalism Awards entry submission deadline has been extended to Friday, 21 February 2014. For competition details and to access the press kit, visit www.pdmsa.org.za or contact Malesedi on...

Treasury to tax digital products

The Treasury has published its new electronic services regulations in which it sets out those digital products and services that will be subject to 14% VAT. The new regulations take effect in April. Read more here....

Absa the leading retail bank in survey
Absa the leading retail bank in survey

Absa has been voted the leading retail bank in the 2012 TGI Icon Brands survey, while Absa idirect was voted the leading short-term insurer. The TGI Icon Brands survey is a special measure of how consumers feel about brands in South Africa and looks for quintessential brands that fly the South...

LG warns: Beware hoax SMS, e-mails
LG warns: Beware hoax SMS, e-mails

Hoax emails and SMS are again circulating in the name of LG Electronics and the company advises all consumers to disregard this official looking communications falsely claiming that the recipient of the SMS or e-mail has won a sum of money from LGESA. The company cautions all recipients against...

New agencies for Bank SETA

The Banking Sector Education and Training Authority has appointed Indigo Marketing, a B2B agency specialising in brand strategy, marketing, design and event marketing agency and HMC Seswa Corporate Communications, a PR consultancy to manage its marketing and communications....

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