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There is precious little positive news for South Africa’s long-suffering citizens to sink their proverbial teeth into nowadays, especially if you ply your trade in the financial services sector. And those who dare to page or scroll through their preferred news sources before they exit bed each morning are more likely to pull the covers over their face and opt for a classic ‘let us start again tomorrow’ reset than jump up to meet the world head on. In this context, the mostly upbeat nine-month trading update from diversified financial services giant Momentum Metropolitan Holdings was welcome news.
Gallagher Re, the global reinsurance broker, has launched into South Africa’s life reinsurance market after being awarded a FAIS (Financial Advisory & Intermediary Services) licence by the Financial Sector Conduct Authority (FSCA) to provide advice and intermediary services for the life insurance and reinsurance market.
Sanlam today announced the successful conclusion of its transaction to acquire a controlling shareholding in AfroCentric Investment Corporation Limited (AfroCentric). AfroCentric is a black-owned investment holding company with significant interests in the healthcare market, including the Medscheme medical scheme administration business and a pharmaceutical business.
The Professional Provident Society (PPS), the financial services group that exclusively serves graduate professionals, has established the South African Health Business Academy (SAHBA), the first institution of its kind in South Africa dedicated to medical and healthcare professionals.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?