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Seriti Capital Partners acquires Cannon Asset Managers

01 September 2021

Seriti Capital Partners (“Seriti”) is delighted to announce the purchase of 100% of the shares of Cannon Asset Managers (“Cannon”) from Bidvest Financial Services, with effect from 1 September 2021.

Citadel acquires Precept Wealth Solutions

30 August 2021

Specialist wealth management company, Citadel has acquired a 100% stake in Precept Wealth Solutions (PWS), effective 1 August 2021.

Insurance innovation with a cryptocurrency flavour

25 August 2021

The acceptance that innovative technology will revolutionise the insurance sector’s approach to claims, data and data modelling and emerging asset classes is illustrated by the ongoing push by one of the world’s oldest, traditional insurance institutions into the Insurtech space. Recently, Lloyd’s Lab announced its seventh intake of Insurtech start-ups to its innovation accelerator programme, confirming the global insurance market’s commitment to digitalisation and modernisation of traditional insurance, insurance broking and reinsurance busines models. These 11 start-ups will focus on creating simpler products for customers, including building solutions related to cryptocurrencies.

Auto & General relief fund grows to R370 million

23 August 2021

Three severe waves of the coronavirus pushed South Africa’s unemployment rate to a record high of 32.6%. The July unrest only exasperated our unemployment crisis – Employment and Labour Minister, Thulas Nxesi, estimates that 105 000 people in KwaZulu Natal and Gauteng are facing job losses. As a result, South Africa is facing drastic increases in household and child hunger, as well as food insecurity.

quick poll

Question

What do you believe will be the biggest challenge when the COFI framework is finally implemented?

Answer

The cost and complexity of relicensing Demonstrating customer outcomes through data and reporting Embedding a customer-first culture across the business Aligning existing compliance frameworks with COFI requirements

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