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When South Africa went into lockdown in 2020, few could predict the full economic fallout. Businesses shuttered, supply chains froze, and cash flow dried up. Yet, amid the turbulence, one industry quietly kept companies afloat: trade credit insurance.
The impact of geopolitics on the South African insurance landscape is an excellent backdrop for a discussion on the interconnectedness of risk. It also set the scene for a recent thought leadership presentation to Insure Talk 56, under the title How global tensions reshape insurance and risk management.
After years of rolling blackouts and public frustration, Eskom has turned a corner. Load shedding has dropped sharply – from 84 days in the first eight months of last year to just 17 in the same period this year – and the utility is now in a position of excess energy.
Positive beliefs drive very healthy money habits. According to large-scale US studies done by Gladstone & Pomerance, optimists save 20% more than other investors regardless of income status and are more likely to invest for the long term.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?