Company News & Results

Prescient increases staff economic interest to 25%

Prescient today announced that it was increasing its staff economic interest in the company to 25% and its strategic BEE partner Sithega’s economic interest to 36%, facilitated by Stellar Capital Partners selling its economic interest in Prescient.

Big change at the top for diversified FS giant

A couple of weeks back, Momentum Metropolitan announced that Jeanette Marais would take over as its Group CEO, effective 1 August 2023, becoming the first female CEO of a large, listed life insurance and asset management group in South Africa. “Jeanette will succeed Hillie Meyer, who was appointed as Group CEO for a fixed term of five years in February 2018,” noted the official and unavoidably formal media release. Jeanette has overseen Momentum Investments, Momentum Distribution Services, Consult by Momentum and Momentum Money since her March 2018 appointment as Deputy CEO.

Old Mutual and naamsa team up to fast-track transformation in the automotive industry

Inflation, increased losses from natural catastrophes, longevity gains – Swiss Re's reinsurance executives share their views

The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses, the COVID-19 pandemic is still fresh in people's minds, uncertainty and volatility are on the rise.