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The average South African's disposable income has declined for the first time since January, while de-population of the ranks of the lower middle class continued over the past three months. This is according to the latest BankservAfrica Disposable Salary Index (BDSI).
Coface, the international credit insurer, has launched a mobile credit insurance application for smartphones, the first of its kind globally. It is based on Coface’s Cofanet, the online platform for managing credit insurance contracts in real-time. The application will be available for download at the Apple App Store and Google Play Store.
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.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?