• oil
    By Anne-Sophie Fèvre, Coface, the international credit insurer
    The 6% devaluation of the kwanza by Angola’s central bank (BNA) in June has not alleviated pressure on the national currency which reached an all-time low on mid-July, losing 18% since 1st January. Like many oil producing countries, Angola is struggling due to low oil prices. Economic growth is being hurt by liquidity and currency […]
    August 4, 2015 Read More
  • man_extendshand
    By Hollard, Hollard
    In a move that highlights the growing importance of their African and Asian ambitions, the Hollard Insurance Group today announced a number of changes to their Executive Committee. Brooks Mparutsa, currently Hollard’s Chief Financial Officer, will take over as Executive Director: International with effect 1 January 2016. With current incumbent Ian Ross due to retire […]
    August 4, 2015 Read More
  • Communication and technology
    By DHL, DHL
    The African financial services industry is rapidly evolving as a result of advancing technology which is fueling innovation and growth in the sector. While the sector is mature in most developed countries, it is less saturated in Africa, therefore offering many opportunities for new market entrants to challenge the status quo of how business has […]
    August 4, 2015 Read More
  • law
    By Thandolwethu Masango, FSB
    The Registrar of Long-term Insurance and the Registrar of Financial Services Providers (the Registrar) referred a case against Mhlangaveza Family Assurance (Pty) Ltd, Mhlangaveza Funeral Services CC and Mr P L Maceve (collectively referred to as ‘Mhlangaveza’) to the Enforcement Committee of the Financial Services Board. The referral related to contraventions of section 7(1) of […]
    August 4, 2015 Read More
Featured News
  • Cracked piggy bank
    By Anne-Sophie Fèvre, Coface, the international credit insurer
    The Ukrainian government has been struggling for several months to strike a deal with private sovereign bond holders to restructure its debt. Negotiations are at a standstill while the economic and financial situation of the country becomes alarming. The Ukrainian economy contracted by 17% (y-o-y) in Q1 2015, after a 6.5% contraction in GDP in […]
    July 30, 2015 Read More
  • Africa
    By Delphine Maϊdou, CEO of AGCS Africa
    Businesses operating in Africa are exposed to a number of disruptive scenarios. During the past decade, growing links with global markets have supported the region’s expansion and economic diversification but have also increased its vulnerability to external shocks and perils. To protect them from potentially big losses along their regional and global expansion African businesses […]
    July 29, 2015 Read More
  • July-COVER-Magazine
    By Brent Munnik
      The middle of Winter has hit. This July, cold hands seemed to inspire warm hearts, as 244 CEOs took to the streets to sleep on unyielding pavements in the name of a good cause, raising R25 million for charity. Read all about it on page 70. We also have some insightful articles on the […]
    July 27, 2015 Read More
  • FPI-Convention-Interview-placement-image
    By Dominique Taylor
    COVER Magazine interviewed delegates at the 2015 FPI Convention held in Sandton.  
    July 23, 2015 Read More
Featured Articles
Featured Videos
By Katya Smith,, COVER journalist
New products and exciting commissions... On 24 July Momentum hosted its annual Momentum DNA of Financial Wellness Day at the Sandton Convention Centre.
August 3, 2015 Read More
Short-term
shutterstock_144814753
By Brent Munnik
COVER editor Tony Van Niekerk presented the COVER Excellence awards. The intermediary award went to the retired Rob Ansell (contracted to Aon Benfield), the short-term award went to Ian Kirk, accepted by current CEO of Santam Lizé Lambrechts, while Aon’s Simon Chikumbu won the reinsurance award.
July 29, 2015 Read More
Financial Planning
outlook
By Luke Doig
Is there any viable catalyst that can lift the immediate and medium-term growth prospects out of the moribund 2% that appears to be in the offing? Indeed one may well ask whether even this mediocre target is in fact attainable in the current environment.
August 3, 2015 Read More
Investment
Investment
By Lynette Nicholson
A surprisingly high number of working 18- 23 year olds (the Z Generation) are adopting a responsible approach to money management, indicates the 2015 Old Mutual Savings & Investment Monitor
July 31, 2015 Read More
Risk Management
Piggy bank
By Michael Tichareva Chairperson
In a world first, by the end of this year South African banks will have access to a pool of actuaries trained and qualified in managing risks unique to the banking industry
August 3, 2015 Read More
Africa
oil
By Anne-Sophie Fèvre
Like many oil producing countries, Angola is struggling due to low oil prices. Economic growth is being hurt by liquidity and currency pressures, rising inflation and fiscal constraints.
August 4, 2015 Read More
Associations
Conference room
By Margot Gutteridge
Sanlam Investments and Glacier by Sanlam yesterday hosted their second annual i3 Summit. Leading business and political figures spoke about issues that currently facing South African investors, economic, social and regulatory. International speakers presented on global best practise.
August 2, 2015 Read More