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Insurers feel the pinch of junk status freefall

08 May 2017

South Africa is nearly a month into its downgrade to junk status; and while many may argue that they haven’t felt the worst effects of it yet, there may be some turbulent news on the horizon. A recent article pointed out that Standard &Poor’s (S&P) global ratings axe has now fallen on four locally based listed insurers following its recent decision to cut the government’s foreign-currency rating to non-investment grade.

Cartrack announces 2017 bursaries

18 April 2017

Cartrack has announced the award of primary, secondary and tertiary-level bursaries for the 2017 year to the value of over R1 million.

CIA and Firedart Joint Venture

06 April 2017

In recent times, we have seen a significant increase in new developments ranging from newly built residential schemes and complexes to new commercial properties and even newly built residential homes. In addition, a number of inner-city revamp projects have also led to large scale renovation projects to old and dilapidated buildings.

Renew Risk Africa

05 April 2017

In 2003 the Department of Energy (DoE) in South Africa released a white paper on Renewable Energy and the future for the South African energy mix. The vision for the DoE was to make adequate and affordable energy available to developing communities through a mix of alternative energy resources at a reasonable cost. The aim is to satisfy the basic needs of the developing sector and to promote effective utilisation of alternative resources in South Africa.

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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