Covid-19

Subscribe to industry newsletters

Finance Trends 2020

Andrew Duvenage, MD, NFB Wealth Management
Economic impact of the Covid-19 - investors are jittery

The past week has seen both local and global markets in turmoil. Amidst this recent market crash, investors are understandably jittery given the recent market crashes and the fact that the economic impact of the Covid-19 pandemic is not yet fully understood...

By Andrew Duvenage, 24 Mar 2020

Gerhard Visser, Alexander Forbes Financial Planning Consultants
Protecting yourself against a loss of future income in a recession

With low GDP growth, credit ratings downgrades and the Covid-19 pandemic, our economy has taken a knock, leaving many investors' reluctant to save and invest...

By Gerard Visser 23 Mar 2020

Why consumers are leaving traditional banks behind
Why consumers are leaving traditional banks behind

Last year, AP News reported that financial services technology company FIS discovered direct-to-consumer banks had overtaken traditional banks and credit unions in customer satisfaction. Since then, the trend has only grown stronger...

By Craig LeBrau, Issued by LeBrau Press 23 Mar 2020

Image source: Getty/Gallo
Big banks reassure SMEs in Covid-19 crisis

While President Cyril Ramaphosa spent the weekend working to shore up the country's already wobbly economy in the face of the Covid-19 crisis, South Africa's major banks have pledged their support to small and medium enterprises (SMEs) and other clients...

23 Mar 2020

Paul Pryor, Aon global mining practice leader
Getting to grips with mining insurance rates

The South African mining industry is facing a unique set of challenges in the form of the cost and unreliability of electricity supply, disruption and destruction of equipment, an unstable regulatory and legal framework in addition the coronavirus black swan event...

By Paul Pryor 20 Mar 2020

Common car insurance mistakes
Common car insurance mistakes

While you take out car insurance with the best intentions, there are things you might be doing that could jeopardise your cover...

20 Mar 2020

Lesetja Kganyago, Sarb governor
Central bank cuts repo rate by 100 basis points

The Reserve Bank has cut the repo rate by 100 basis points to 5.25% per annum, in line with market expectation...

20 Mar 2020

Image source: Getty/Gallo
A new environment for insurers and claimants

After the likely spike in insurance claims arising from the Covid-19 pandemic, insurers are likely to introduce new or change existing exclusionary clauses which were not previously considered to be necessary.

By Maria Philippides, Raynold Tlhavani, Caroline Theodosiou, Lisa Swaine, Justin Malherbe & Kim Rew 19 Mar 2020

Empowering individuals to become financially independent ignites hope for SA
Empowering individuals to become financially independent ignites hope for SA

Discover how The Hope Factory is empowering individuals to become financially independent through the story of beneficiary Unathi Kolanisi...

By Kelly Sin Hidge, Issued by SAICA 18 Mar 2020

Image source: Getty/Gallo
Banking sector needs to strike balance between digital and traditional channels

The relentless drive towards digital banking is making banks 'invisible', leaving customers looking for more value, human engagement and diversity of transactional channels...

18 Mar 2020

The global cognitive distortion of panic and #Covid-19
The global cognitive distortion of panic and #Covid-19

Where did all the toilet paper go? Snapshots of empty store shelves, low levels of storable staples like rice and noodles and city-states raising emergency levels has served to escalate panic-buying and even shop-raiding in some parts of the world...

By Paul Nixon 18 Mar 2020

A vendor distributes newspapers wearing a face mask as a preventive measure against the spread of the Covid-19 coronavirus in Nairobi, Kenya. Simon Maina/AFP via Getty Images
Society's most vulnerable will be hit as Covid-19 cases rise in poorer economies

As travellers cancel flights, businesses ask workers to stay home, and stocks fall, a global health crisis becomes a global economic crisis. In any health crisis, our first concern is (and should be) with the health of those affected...

By David Evans & Mead Over 17 Mar 2020

Image source: Getty/Gallo
#Covid-19: Sarb withdrawing banknotes, coins is fake news

The South African Reserve Bank (Sarb) has warned reports that it is withdrawing banknotes and coins due to the Covid-19 outbreak are fake news...

17 Mar 2020

#StartupStory: Be your own insurer with SelfSure
#StartupStory: Be your own insurer with SelfSure

SelfSure, a new fintech in South Africa, has come up with a smart way to solve the problem faced by many car owners when they put in a claim after an accident...

By Evan-Lee Courie 16 Mar 2020

Raynold Tlhavani, partner at Webber Wentzel
#Covid-19 and business interruption - are you covered?

The Covid-19 pandemic is causing disruptions, resulting in substantial financial losses, to the businesses of many organisations...

By Raynold Tlhavani 16 Mar 2020

Malefetsane Mohlakoana
How to improve internal audit value through high-impact follow-up reviews

Internal auditors have been carrying out follow-up audits since time immemorial, however, most of these audits do not leave the desired impact on the value-creation processes of affected organisations...

By Malefetsane Mohlakoana 16 Mar 2020

These are SA's favourite loyalty programmes for 2019/20
These are SA's favourite loyalty programmes for 2019/20

Clicks ClubCard remains the most used loyalty programme in South Africa, followed by Pick n Pay Smart Shopper and Dis-Chem Benefit...

13 Mar 2020

The future world of claims
The future world of claims

In a world of self-driving cars and instant data at our fingertips, customers are looking for convenience in every business interaction. Insurance companies are not immune to these changes...

By Rowland Ramalingam 13 Mar 2020

Image source: Getty/Gallo
Does my insurance policy cover me for #coronavirus?

The answer is yes. You and your family will automatically by covered by your existing life, funeral and income protection insurance policies if you contract Covid-19...

12 Mar 2020

Eskom and other state owned companies have become a huge burden on the government purse. Shutterstock
Governments should always assess the impact of economic reforms on citizens

The purpose of national economic reform is to change the structure and overall direction of an economy. Reforms therefore can affect the amount of resources available to a country. They can also affect human rights...

By Danny Bradlow 12 Mar 2020

#BlockchainAfrica: "Bitcoin is the best system we've ever had for money" - Simon Dingle
#BlockchainAfrica: "Bitcoin is the best system we've ever had for money" - Simon Dingle

"But it still lacks the user experience, appeal, social acceptance and, most importantly, narrative, that will propel it across the chasm into mainstream adoption..." - Blockchain Africa Conference speaker and fintech entrepreneur Simon Dingle on Bitcoin and its impact on industry...

By Jessica Tennant 11 Mar 2020

Tips for finding a job you'll love
Tips for finding a job you'll love

Remember when you were younger and adults would ask you what you wanted to be when you grow up? Well, chances are that your plans have changed since then, and you now know the profession you wish to pursue. But you don't just want any job - you want one you'll love...

Issued by MiWay Insurance 11 Mar 2020

Arthur Kamp, chief economist, Sanlam Investments
How will growth play out in a #Covid-19 & load shedding world?

The year has barely commenced and GDP growth forecasts are being revised lower. Why is growth weakening?

By Arthur Kamp 11 Mar 2020

Image source: Getty/Gallo
Does your business need a forensic accountant?

In an ideal world systems and checks are in place to keep things ticking over properly in business. Risks are assessed and the people employed are trusted to carry out their responsibilities...

10 Mar 2020

Continuation of GIFS and IIG partnership announced at IIG Inaugural Dinner
Continuation of GIFS and IIG partnership announced at IIG Inaugural Dinner

At the official inauguration of Darryl Grater as the new president of the Insurance Institute of Gauteng (IIG), the IIG announced the continuation of the recognised IIG Academic Programme, in partnership with the Graduate Institute of Financial Sciences (GIFS)...

Issued by Graduate Institute of Financial Sciences 9 Mar 2020

The fintech revolution: Top trends to watch out for in 2020
The fintech revolution: Top trends to watch out for in 2020

By applying such disruptive technologies as artificial intelligence (AI), big data, robotic process automation (RPA) and blockchain, fintech has come to basically impact and change everything that involves money...

By Craig Lebrau, Issued by Lebrau Press 9 Mar 2020

Daniel Kibel
If at first you don't succeed...

Virgin founder and ground-breaking entrepreneur, Richard Branson, didn't finish high school. Bill Gates dropped out of university to found Microsoft. JK Rowling was living on government benefits when she wrote her first Harry Potter novel...

9 Mar 2020

George Herman, director and chief investment officer, Citadel
Coronavirus affects 2020 investment outlook

Besides the obvious impact on world health, the coronavirus outbreak is also having a notable effect on economic growth, and causing the fireworks in markets...

By George Herman 9 Mar 2020

Janina Slawski
Using prescribed assets to get out of a financial fix

The debate around the prospect of prescribing private and public pension fund money to bail out Eskom, and other financially impaired state-owned enterprises, continues...

By Janina Slawski, 6 Mar 2020

#BlockchainAfrica: The state of the crypto-economy in Africa
#BlockchainAfrica: The state of the crypto-economy in Africa

While many parts of the developed world are fixated on speculative activity in the crypto-economy, people in Africa are teaching us about the true use cases of bitcoin...

By Evan-Lee Courie 6 Mar 2020

Show more