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In the wake of African Bank’s collapse, the focus should shift to the size of unsecured loan books as a percentage of total loans at all banks.
Equating the failure of Ellerines to a heart attack is most apt! It strikes anywhere, anytime and usually without warning – often with fatal consequences. It is very unlikely that even a soothsayer or fortune teller would have foreseen the demise of Ellerines.
Household budgets getting further squeezed by rising price inflation.
According to a recent AMPS2013 study 32% of South African adults say they shop for pleasure at least once a month and 72% of South African adults think the statement ‘it is worth paying a higher price for a well-known brand’ is true or very true.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?