The Debt Counselling Industry has applauded Minister of Trade and Industry Dr Rob Davies’ clamp down on the credit industry following the several radical and far-reaching provisions of the National Credit Amendment Bill announced today. Deborah Solomon founder of the Debt Counselling Industry Portal, an online information platform for debt counsellors and consumers, said the […]
The representative body of the short-term insurance industry, the South African Insurance Association (SAIA), has urged motorists to be cautious while travelling during the torrential rain which has affected the vast part of Gauteng and surrounding provinces. SAIA urged motorists to take extra care on damaged roads, and in places where there is flooding and […]
By Wessel Steffens, Head of Absa Vehicle and Asset Finance
Absa’s automotive outlook for 2014: Domestic new vehicle sales February sales performance at 51,814 was 2,3% down on January sales and 3,1% down on February 2013. Exports were 19,4% down on the equivalent month last year. Most of the decline can be ascribed to the Mercedes Benz C class replacement being set up for production. […]
While SSA economies have generally been seen as some of the world’s fastest growing for years to come, much has been discussed pertaining to the sustainability of the growth given the region’s dependence on raw material exports, especially those from resources and agriculture. Understandably, resources are finite while agriculture is generally volatile. One of the key missing ingredients in this regard has been the promise of a developing manufacturing sector.
Given its political stability and stance on corruption, Senegal is in a good position to achieve success in seeing through its development plan, for which the country has raised more than intended at a donor conference in Paris. Of its operations, Sonatel’s flagship market, Senegal, had become an area of concern as growth prospects in mobile voice were significantly limited while growth prospects in data services faced a low ceiling. We see this development as one that will help address these challenges.
By Christelle Fourie, Managing Director of MUA Insurance Acceptances
Traditionally, collectable items were limited to the likes of antique furniture, coins and stamps, but as fascination with collecting unusual items, such as celebrities possessions or comic books grows, so too does the complexity of insuring these valuable collections. With that in mind, it is imperative that brokers understand how to ensure valuable collections receive appropriate cover when standard household content cover is simply not enough.
By Dirk Greeff, Head of Financial Institution Ratings at GCR
Global Credit Ratings (GCR) has recently released ratings for East, West and Southern Africa for the banking industry. The Nigerian Banking sector seems to be flourishing with some concerns for the rest of Africa amid tough economic conditions and the most recent liquidity crisis in Zimbabwe, while the Kenyan shilling remains stable after witnessing significant volatility in 2011. The economic outlook remains subject to risks arising from an uncertain external environment, unpredictable donor inflows and political stability.
Latitude Brokers was launched in Hong Kong as the marine division of Cooper Gay in Asia. The current marine team under the leadership of Tom Fulford-Smith will be strengthened with the recruitment of three senior brokers.
Marsh’s report notes that the growing use of transactional risk insurance is most pronounced in Germany, South Africa and across Asia Pacific. Between 2010 and 2013 Marsh noted a 100% increase in policies bound for German transactions.
Ashburton Investments’ new fund will focus on targeting undervalued listed African equities (excluding-South Africa) across various sectors to achieve long-term capital growth. It is aimed at experienced retail and institutional investors, including the private wealth and family office space.