South Africa mirrors global trend on unemployment risk

South Africa mirrors global trend on unemployment risk

South Africa mirrors global trend on unemployment risk

South Africa has reflected global concerns in citing unemployment as its larget risk, according to a new survey from the World Economic Forum (WEF). Publishing its Global Risks Report in partnership with Zurich Insurance and Marsh & McLennan, the WEF said societal risks also scored highly and cyber risks are becoming more important to the 12,400 executives from 136 countries…

Innovation could help South African economy

Innovation could help South African economy

Innovation could help South African economy

Making more of South Africa’s largely untapped potential for innovation could increase the economy’s productivity, propel job creation and help the country’s growing number of poor, according to a World Bank report. The report finds that South Africa’s 6% dip in overall economic productivity from 2011 to 2016 was due, at least in part, to a sharp drop, estimated by…

Vitality now live in 16 countries

Vitality now live in 16 countries

Vitality now live in 16 countries

South African financial services group Discovery has been outlining the rapid growth of its Vitality network to 16 countries across North America, Europe, pan-Asia, South Africa and the UK, serving close to ten million clients through seven insurers. It claims the brand is attracting more than 150 000 new members a month. In the space of the last year, Vitality…

South Africa bidding to close skills gap

South Africa bidding to close skills gap

South Africa bidding to close skills gap

South Africa is to set up a new taskforce to try to close the country’s skills gap. The Minister in the Presidency for Planning, Monitoring and Evaluation of South Africa, working with the World Economic Forum (WEF), will launch the taskforce, bringing together leaders from business, government, civil society and the education and training sectors to accelerate the future-proofing of…

Coface scoops equality award

Coface scoops equality award

Coface scoops equality award

Credit insurer Coface South Africa has been named as the overall winner of the Non-JSE-Listed Companies award in the Equal Representation and Participation of Women in the Workplace category, at the  Gender Mainstreaming Awards 2017. Coface was also recognised as a finalist in three other categories; second in Women on Boards; third in Women on Executive Committees in Multinationals; and…

Ratings warning for South African insurers

Ratings warning for South African insurers

Ratings warning for South African insurers

South Africa’s insurance sector has been given a negative outlook by a new Moody’s report , reflecting the ratings agency’s view that insurers’ creditworthiness will remain under some pressure for the next 12 to 18 months. “Our negative outlook for South Africa’s insurance sector reflects the challenging operating conditions, which create headwinds for insurers’ profitability and increase their asset risk,”…

Necessity is the mother of invention

Necessity is the mother of invention

Necessity is the mother of invention

Delegates at the Institute of Risk Management South Africa Cruywagen Risk Lab in Cape Town heard why it is when businesses are struggling that they should be innovating The missed opportunity is one of the greatest risks – a favourite saying of Gert Cruywagen, the mastermind behind the Institute of Risk Management South Africa (IRMSA) Cruywagen Risk Labs. Speaking at…

Culpability for stadium disasters

Culpability for stadium disasters

Culpability for stadium disasters

Max Ebrahim and Thomas Henstra, of Clyde & Co, discuss how role-players can be found legally responsible for accidents at large-scale events The incident that saw two fans crushed to death at South African Breweries’ flagship Carling Black Label Cup on 29 July is a tragic case of déjà vu for those that recall the infamous Ellis Park Stadium disaster…

The end game

The end game

The end game

Policy certainty may not be enough to reignite South Africa’s mining sector, reports Gareth Stokes, as he takes a look at one of Africa’s leading mining markets South Africa’s listed mining sector shed ZAR51bn in value following the Department of Mineral Resources (DMR) publication of a revised mining sector charter on 15 June 2017. Among its contested provisions are a…

Swiss Re Corporate Solutions focused on insurance that is fit for purpose

Swiss Re Corporate Solutions focused on insurance that is fit for purpose

Swiss Re Corporate Solutions focused on insurance that is fit for purpose

The development of non-damage business interruption (NDBI) policies and the advent of cyber risk policies have both helped shape the focus of Swiss Re Corporate Solutions’ Africa business. In the 30 months since Swiss Re Corporate Solutions opened its doors in South Africa, the company has been developing its strategic approach. Natasha Wally, country manager South Africa, said the plan…

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