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Some people view life as a competition in which you have to be seen to be doing better than those around you. To these people showing that you are leading the race means ‘spending money to buy things you don’t want or need to impress people you don’t like with money you don’t have’, says Old Mutual.
The COVID-19 pandemic has had devastating consequences, but it has also revealed how society at large and business in particular can act in solidarity and collaborate to rebuild South Africa. The country is on the threshold of an important opportunity to “imaginatively reshape its economic landscape”.
Insurance, at its essence, is a source of finance to pay for losses, when they occur. In theory, the contributions of the many pay for the losses of the few.
COVID-19 has exposed just how fractured South Africa’s democracy is and how unequal we are as a society. We need rational, pragmatic choices from government, labour and business, says Busisiwe Mavuso, CEO of Business Leadership South Africa.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?