Sanlam pays out R14bn in death claims – driven mainly by Covid
Sanlam Life and Savings paid gross death claims of more than R14 billion in the first 10 months of 2021 – 88% higher than in the same period in 2020 – mainly because […]
Industry News
Parliament rejects pension-backed loans amendment
Parliament’s Standing Committee on Finance has rejected a proposed amendment to the Pension Funds Act (PFA) that would allow retirement fund members to take out loans of up to 30% against their pension […]
Alexander Forbes, Sanlam to buy divisions from each other
Sanlam and Alexander Forbes have announced two transactions in which they will buy divisions from each other. Sanlam will pay R200 million for Alexander Forbes’ individual client administration business, which will become part […]
Alexander Forbes, Sanlam to buy divisions from each other
Sanlam and Alexander Forbes have announced two transactions in which they will buy divisions from each other. Sanlam will pay R200 million for Alexander Forbes’ individual client administration business, which will become part […]
Closure of Absa Money Market Funds knocks CIS inflows
The closure of South Africa’s biggest money market fund in the second quarter knocked the collective investment scheme industry, with total net inflows hitting their lowest level in five years in the year […]
Closure of Absa Money Market Funds knocks CIS inflows
The closure of South Africa’s biggest money market fund in the second quarter knocked the collective investment scheme industry, with total net inflows hitting their lowest level in five years in the year […]
Face-off over vaccine mandates heats up
Lawyers acting for the National Employers’ Association of South Africa (Neasa) and four other business organisations have sent a letter to President Cyril Ramaphosa objecting to mandatory Covid-19 vaccination. The four other organisations […]
FSCA monitoring Twitter to measure banks’ TCF compliance
The FSCA is using social media to supervise whether financial products and services promote fair customer outcomes, and it will be looking into the banks’ low response rate to “priority tweets” as revealed […]
FSCA monitoring Twitter to measure banks’ TCF compliance
The FSCA is using social media to supervise whether financial products and services promote fair customer outcomes, and it will be looking into the banks’ low response rate to “priority tweets” as revealed […]
Compulsory vaccination increasingly likely
Making vaccination compulsory to enter workplaces and certain public spaces seems a certainty if the statements from the government, business and labour this week are anything to go by. In a televised address […]
Life insurers pay 99.3% of all claims against fully underwritten policies
South African life insurers paid 99.3% of all claims against fully underwritten individual life policies in 2020 to a value of R20.6 billion. The 2020 death claims statistics for fully underwritten individual life […]
Coronation reports another year of net outflows
Coronation Fund Managers grew its assets under management (AUM) by 11% to R634 billion in the year to September 2021, from R569bn. However, it once again reported a net cash outflow of average […]
It’s ‘too soon’ for investors to panic over Omicron
Goldman Sachs, one of the world’s top three investment banks, does not think the emergence of the omicron variant of Covid-19 is sufficient reason to make major changes to investment portfolios. Meanwhile, James […]
Real take-home salaries down 3.1% in October
Average take-home pay in South Africa decreased by 3.1% in real terms in October, the steepest year-on-year decline since September 2019, according to the latest BankservAfrica Take-home Pay Index (BTPI). BankservAfrica said the […]
Real take-home salaries down 3.1% in October
Average take-home pay in South Africa decreased by 3.1% in real terms in October, the steepest year-on-year decline since September 2019, according to the latest BankservAfrica Take-home Pay Index (BTPI). BankservAfrica said the […]
Does social media really make us lie more?
It’s commonly believed that communicating online, as opposed to in person, results in people telling more lies. But the results of a recent study challenge that perception. David Markowitz, Assistant Professor of Social […]
Does social media really make us lie more?
It’s commonly believed that communicating online, as opposed to in person, results in people telling more lies. But the results of a recent study challenge that perception. David Markowitz, Assistant Professor of Social […]
