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Cartrack maintains subscriber, revenue and earnings growth

27 October 2016

Highlights for the six months ended 31 August 2016 • 19% subscriber growth • 18% revenue growth • 80% gross profit margin • 30% operating profit margin • 12% increase in EBITDA • 6% increase in EPS • R212 million cash generated from operating activities • Investment in operating capacity and distribution channels • Currency impacts (R19 million)

EasyEquities wins big worldwide

27 October 2016

Nowadays there is not a week that goes by without something amazing happening at EasyEquities. Over the last year we have racked up some truly inspiring achievements in our industry.

Global Credit Ratings upgrades credit rating announcement : Investec Bank Limited’s rating to AA(ZA)

21 October 2016

Global Credit Ratings (GCR) has upgraded Investec Bank Limited’s long-term national scale rating to AA(ZA) and affirmed its short-term national scale rating at A1+(ZA); with the outlook accorded as Stable. Furthermore, GCR has affirmed the international scale local currency rating of BBB- accorded to Investec Bank Limited; with the outlook accorded as Stable.

FNB Life now one of the biggest insurance players in SA

19 October 2016

The Financial Services Board (FSB) has approved the transfer of over 2.3 million Ashburton and FNB branded ‘FNB Life Insurance’ policies previously underwritten by MMI Group Limited (MMI Group) and RMB Structured Life Limited (RMBSL) to FirstRand Life Assurance Limited (FirstRand Life), the long term insurance arm of the FirstRand Group.

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

View the Results