Company News & Results

PSG Konsult – resilient, profitable, well capitalised

PSG Konsult (KST) produced a solid 8% recurring headline earnings per share growth and 20.5% return on equity for 2020, despite longer-term structural deficits in the South African economy. These results are to 29 February 2020 and therefore do not reflect the current market conditions.

King Price’s Big Friendly Giant ready to shake up commercial industry

According to his email signature, Minnaar Fourie is a Big Friendly Giant. But beneath the affable exterior of King Price’s newly-appointed commercial division MD lies a steely resolve to get things done – and after barely three months on the job, he’s ready to start putting some big footprints on the local insurance industry.

Momentum Short Term Insurance (Namibia) to acquire Alexander Forbes Insurance Namibia

Momentum Metropolitan Namibia, through their subsidiary Momentum Short Term Insurance Namibia (MSTIN) and Alexander Forbes Namibia Holdings have entered into a binding agreement, where Momentum Short Term Insurance Namibia will acquire all the issued shares of Alexander Forbes Insurance Namibia. The transaction is subject to regulatory approvals from the Namibian Competition Commission and the Namibia Financial Institutions Supervisory Authority.

Swiss Re donates CHF 5 million to support COVID-19 relief efforts