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In today’s world, understanding and insuring against the risks which could adversely affect ones business is key. In many instances this relates to insuring against small financial losses such as damage to a company vehicle, however the most important aspect is to ensure that these potentially crippling risks are mitigated.
Global ratings agency, Fitch Ratings, has assigned the Momentum Money Market Fund an 'AA+(zaf)' National Fund Credit Rating (NFCR) and a 'V1(zaf)' National Fund Volatility Rating (NFVR). This rating is in line with the highest money market fund rating in South Africa and the fund is managed by Momentum Asset Management.
October 2014 marks a 10-year empowerment partnership milestone between MMI Holdings Limited (MMI) and Kagiso Tiso Holdings (KTH). It was in 2004 that this tried and tested partnership began, when Kagiso Trust Investments (KTI) – now KTH following a merger with Tiso Group – acquired a 10% shareholding in Metropolitan, becoming MMI’s strategic empowerment partner of choice. Now KTH owns 114 million MMI shares, 7.1% of the total issued share capital, with a market value of about R3 billion.
Price Forbes & Partners (“the Group”), the independent, specialist insurance broker, today announces that as part of its ongoing expansion in South Africa, it has renamed its subsidiary PFP Insurance Brokers (Pty) Ltd to Price Forbes (Pty) Ltd.
Are financial advisers ready for the combined impact of COFI and AI?