Southern Africa
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Corruption tops the risk list – yet again – in South Africa
Increasing corruption is the top South African risk for the second time in three years and is the fifth highest…
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Risk management to the fore in 2017
Good risk management will be key in the year ahead, as businesses face myriad challenges, both new and old.…
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GIC Re records Africa annual growth of 125%
Bringing its expertise and experience from India across to Sub Saharan Africa, GIC Re has seen growth of 125%…
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Learning from each other
Last year, Tsitsi Chitsamatanga participated in our Risk Frontiers Africa survey along with more than 900 other risk managers and…
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Product recall legislation on the rise in southern Africa
Risk managers need to be aware that South Africa’s Consumer Protection Act 68 of 2008 (CPA), which came into effect…
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Drought-wracked southern Africa has seen its agricultural sector hit hard
Primary agriculture makes up around 3% of South Africa’s GDP, with the extended value chain contributing as much as…
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Thusang Mahlangu succeeds Delphine Maïdou as CEO of AGCS Africa
Thusang Mahlangu has succeeded Delphine Maïdou as CEO of Allianz Global Corporate & Specialty (AGCS) Africa, effective 1 February 2017.…
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Water scarcity rising up risk agenda
Assets will be stranded and investors will walk away unless mining companies show they are dealing with water scarcity, mine…
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South African government pushing for better safety records in mines
Risk managers with mining interests in South Africa have been warned greater value must be placed on the lives of…
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IMF urges Angola to act fast to counter economic shock of oil price falls
International Monetary Fund (IMF) officials have urged the Angolan government to do more to counter the effects of the low…
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Congo and Mozambique ratings affirmed by S&P
The Democratic Republic of Congo’s (DRC) B-/B ratings have been affirmed by S&P Global Ratings but the outlook remains negative…
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SSA states benefiting from rating upgrades
Uncertainties are set to dominate the global economic climate but, for the first time since mid-2015, Coface has made more…
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AGCS Africa appoints liability team leader
Storm Canham has been appointed as team leader for liability at Allianz Global Corporate & Specialty (AGCS) Africa, based in…
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South African banks working on new compliance demands
Deloitte has warned that not all South African banks meet the basis for new compliance rules now coming into effect.…
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Chubb creates global accounts manager role for South Africa
Chubb has promoted Neil Beaumont, currently business development manager for South Africa, to the newly created role of global accounts…
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Mobile-enabled microinsurance for Uganda
Two South African companies, MTN and MMI Holdings, have launched mobile-enabled microinsurance products in Uganda in a move expected to…
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Major boost for Angolan infrastructure
The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, has committed US$180 million to a strategic deep sea port…
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Mozambique foreign currency ratings lowered to SD/D after missed payment
Mozambique’s struggles to equalise its economy and reassure the rating agencies continue, after it missed an interest payment of $59.8m…
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German companies expecting business boost to South Africa
German companies are expecting increased export activity during the next few months, according to new research from credit insurer Coface.…
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Cyber risks top concerns in South Africa
Cyber risk concerns lead the risk agenda in South Africa, according to the 6th annual Allianz Risk Barometer. The report…