South African life insurers reported a 53% surge in death claims between 1 April and 30 September 2021 compared to the same period in pre-Covid 2019, according to statistics released by the Association for Savings and Investment South Africa (Asisa). The rand value of these claims increased by 127%. The six-month reporting period to the […]
Policyholders and beneficiaries received claims and benefit payments worth R608 billion from South African life insurers in 2021, the highest paid in a single year, according to statistics released by the Association for Savings and Investment South Africa (Asisa). Asisa said that despite these historic pay-outs, “the industry remains well capitalised and in a strong […]
While most major global markets ended in the red, mining sector stocks drove the FTSE/JSE All Share Index 2.4% higher in February. The Alsi is up 3.2% so far this year. Diversified miners, oil, platinum group metal and financial counters were the outperformers on the JSE. The Resi-10 soared 14.3% month on month (up 18.8% […]
The National Union of Metalworkers of South Africa (Numsa) has noted the article published by James Stent in GroundUp and the article written by Micah Reddy of amaBhungane. The articles are making reference to court documents which are being used as part of the application for provisional curatorship of 3Sixty Life. 3Sixty Life has been […]
Jeff Schultz, senior economist at BNP Paribas South Africa, provides the following perspective on the Budget. He discusses: What the ANC hopes the Budget will achieve politically. The outlook for government revenue and spending. Why BNP Paribas remains positive on government bonds. Emulating the prudent approach to future revenue gains displayed in November’s Medium Term […]
