The Financial Services community of South Africa

Synergies required to sell Guardrisk

Wed, 22 May 2013 10:40:00 +0200

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).
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FSB smacks Old Mutual's wrists

Wed, 22 May 2013 10:26:00 +0200

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).
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Bad debts may hurt credit retailers

Mon, 20 May 2013 07:17:00 +0200

Credit retailers' share prices came under varying degrees of pressure in the wake of African Bank's warning over soaring bad debts. This has brought into focus the potential of credit retailers being vulnerable to higher levels of bad debt among borrowers.
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Carry multiple currencies on Absa Cash Passport

Thu, 16 May 2013 10:08:00 +0200

Absa has launched a multi-currency Cash Passport that enables South Africans to carry multiple foreign currencies safely on just one card. Representing the future of travel prepaid cards; it allows cardholders to load multiple currencies on the same card with the global reach of MasterCard, accessing 35.9 million locations worldwide.
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Online services increase house sales

Tue, 14 May 2013 11:40:00 +0200

Property purchasing in South Africa is being driven by a younger generation that relies on the Internet for information, bond originator ooba said on Monday (13 May).
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Striata UK announces PCI Compliance

Fri, 10 May 2013 11:06:00 +0200

Striata has announced its certification of the Payment Card Industry Data Security Standard (PCI-DSS), for its Grade 1 infrastructure in the UK. "This is a significant security milestone for Striata, as it means that our premier clients can rest assured that all their sensitive customer information is secured in line with one of the strictest industry - recognised information security standards in the world," says Michael Wright, CEO, Striata.
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Stats SA holds out its begging bowl

Thu, 09 May 2013 10:30:00 +0200

Statistics SA (Stats SA) needs about R100m to ensure that SA's statistics keep abreast with international best practice, but it is in danger of slipping behind, because there are not enough funds for it to implement its updating programmes.
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SARS gets new powers to enforce payment

Tue, 07 May 2013 12:58:00 +0200

The SA Revenue Service (SARS) has been given new powers to gather intelligence on taxpayers and collect revenue, it was reported on Tuesday (7 May).
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Grant Thornton merges with PKF

Tue, 07 May 2013 11:23:00 +0200

Second-tier accounting firm Grant Thornton moved a step closer to its aim of being one of the major accounting firms on Monday (6 May) when it merged its Johannesburg office with the multidisciplinary professional services firm PKF.
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The importance of strong passwords

Fri, 03 May 2013 05:04:00 +0200

The dangers of using weak passwords have been illustrated time and time again, not only for home users but in corporate environments also. Social networking sites are often the first point of contact between users and companies, and special care should be taken to strengthen the security of social media accounts.
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