AARTO Bill Effects on Insurance Industry

The Administrative Adjudication of Road Traffic Offences (AARTO) Bill was signed on 16 August, by President Cyril Ramaphosa which will impose strict rules on motorists and a strict punitive system should they fail to comply with the rules. While in theory AARTO may improve road safety, we know reality differs substantially. Major concerns: Joffe points […]

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Five Newsworthy Things in SA Today 30 August 2019:

Financial News for South Africa 30th August Trade union federation Cosatu demanded that National Treasury withdraws its recently released document to encourage economic growth, saying it makes government incoherent, confused and unreliable. Woolworths CEO Ian Moir will move to Australia as the company tries to sort out its crisis with the department store group David Jones. […]

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Five Newsworthy Things in SA Today 29 August 2019:

Financial News for South Africa 29th August Thousands of SA Express passengers were left stranded on Wednesday when the airline grounded flights due to “operational reasons”. It is believed that Airports Company South Africa (ACSA) grounded the planes due to outstanding fees not being paid by SA express. The fuel price is expected to increase […]

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Five Newsworthy Things in SA Today 28 August 2019:

Financial News in South Africa 28th August Late yesterday, Treasury released a surprise discussion document which it said could could raise average GDP growth by 2.3 percentage points over ten years and create just over one million jobs. Last night, Eskom announced that all units at the Medupi power stations are now finally delivery electricity […]

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Five Newsworthy Things in SA Today 27 August 2019:

Financial News in South Africa for 27th August Gavin Watson, CEO of the controversial company formerly known as Bosasa, was killed in a suspect car crash near O.R. Tambo airport yesterday. This has sparked a wave of conspiracies regarding his death, ranging from murder to assisted suicide.• 10 things we know after the death of […]

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Five Newsworthy Things in SA Today 26 August 2019:

Financial News For The 26th Of August In a confidential presentation to 600 Eskom senior staff, interim CEO Jabu Mabuza said the embattled power utility will be split into three in the next five years. The distribution and generating units will remain subsidiaries of Eskom, while the transmission unit will become a new company which […]

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Five Newsworthy Things in SA Today 23 August 2019:

Financial News for South Africa 23rd of August Old Mutual fired its CEO yet again on Thursday – despite a court ruling overturning the first sacking.  In an open letter to shareholders, Old Mutual’s board said it would explore all reasonable alternative options but could not have Moyo running the company. “A continued employment relationship […]

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Five Newsworthy Things in SA Today 22 August 2019:

Financial News in South Africa 22nd August Yesterday’s inflation number was a huge surprise: consumer prices rose by only 4% in the month to July. This could pave the way for an interest rate cut next month. An Eskom board member stated that even a 0.1% rise in economic growth could result in load shedding, […]

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South Africa – Inflation Rate 21 August @ 10h00

Economic Data Released – South Africa – Inflation Rate The annual inflation rate in South Africa fell to 4.0 percent in July 2019 from 4.5 percent in June, well below market expectations of 4.4 percent and the mid-point of the Reserve Bank’s target range of 3-6%. This is the lowest inflation rate since January, as […]

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Five Newsworthy Things in SA Today 21 August 2019:

Financial News in South Africa for the 21st of August Shoprite, SA’s biggest private-sector employer shows massive loss, after its results yesterday. The share lost almost 10% of its value – and is now trading at levels last seen three years ago. While sales recovered in South Africa in the last six months, its profitability […]

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