South Africa’s small, medium and micro-enterprises (SMMEs) will be the principle drivers of the change needed to restore the country’s economic prospects. Peter Olyott, president of the Financial Intermediaries Association of Southern Africa (FIA), told delegates at the association’s 2019 Advice Summit that government’s role was to facilitate this change. He added that the summit theme of “collaboration breeds success” was chosen to illustrate the need for each of the association’s members to work together with one another, the industry and government to achieve common goals.
Read More
As the industry evolves, it is becoming evident that there needs to be a change of focus in order to cover the risks that will become more pertinent in the future. Not only is this the responsibility of insurers when it comes to product development and underwriters when it comes to claims stage, but it is also becoming the responsibility of financial advisers when they are engaging with clients.
Read moreThere are mixed feelings towards National Health Insurance (NHI). Some say it will come at a cost to those in the private sector, while others believe trying to achieve a balance between a private system and the NHI system will be difficult.
Read more
Get the latest issue of FAnews
