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New categories for unit trusts investing exclusively in South Africa

28 October 2024

Unit trust investors will find it easier to compare the performances and risk profiles of South Africa’s 1 852 local collective investment scheme (CIS) portfolios following an update by the Association for Savings and Investment South Africa (ASISA) of its Fund Classification Standard.

The R298 billion proof of value for life insurance

10 October 2024

The most up-to-date statistics covering South Africa’s life insurance sector show that R298 billion was paid to beneficiaries and policyholders over the first six months of 2024. According to the Association for Savings and Investment South Africa (ASISA), this total is made up of retirement annuity and endowment policy benefits, as well as claims against life, disability, critical illness and income protection policies.

Life insurers pay claims and benefits worth R298 billion in the first half of 2024

07 October 2024

South African life insurers paid R298 billion in claims and benefits to beneficiaries and policyholders in the first six months of 2024, according to the long-term insurance statistics released by the Association for Savings and Investment South Africa (ASISA).

Uncertainty drives CIS investors to sacrifice returns for “safety”

17 September 2024

The local Collective Investment Schemes (CIS) industry reported assets under management of R3.64 trillion at the end of the second quarter of 2024, a growth of 2% from the end of the first quarter of 2024 when assets stood at R3.57 trillion.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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