GeneralHot news

Africa Re retains A- rating

Africa Re’s underwriting performance and growth in premium income have been strong over the past years. Accordingly, the Corporation had a premium income of US$ 670,46 million in 2013, combined ratio of 92,6% and net profit of US$84,80 million. Technical results amounted to US$39 million and investment income and income from other sources stood at US$46 million.
General

Quick investment lessons

Given the recent market events, such as the weakening Rand, it is becoming even more vital for investors to understand that their investment portfolios are not only influenced by market movements, but also by their own actions. We see four simple, yet very valuable, investment lessons from recent market developments.
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Selecting a transactional banking partner

There was a time when transactional banking was little more than a suite of products offered by a bank to enable and support the trading activities of a business. Were that still the case today, it would be relatively simple for private or public sector organisations to choose an appropriate provider of these services
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Becoming a trustee needs thought

After a good game of golf, over a few drinks in the clubhouse it might be easy to accept the invitation to become a trustee of a good friend’s family trust. He assures you that the position is not onerous, he will do all the thinking and other than the odd trustee meeting (which could also take place over a few drinks at the clubhouse) you would not be expected to do much
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Market can help eliminate second economy

Conventional thinking holds that the level of under-development in South Africa’s so-called second economy coupled with the small size of its market renders it useless as an investment vehicle. Theoretically, therefore, the market economy cannot help transition economically marginalised people into the economic .mainstream.
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African Bank's doors remain open

On Sunday 10 August 2014 the Governor of the SA Reserve Bank (SARB), Gill Marcus, announced that a decision had been taken, in conjunction with the Minister of Finance, to place African Bank Limited under curatorship and to appoint Tom Winterboer as the Curator.
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The collapse of African Bank's share price

African Bank’s (ABL) share price has collapsed in spectacular style this week. On 30 June 2014 the share price closed at R6.79 which translated to a market capitalisation (market cap) of over R10bn. By the close of JSE yesterday, the share price had dropped to R2.70 implying a market cap of just over R4bn. And today the share price fell even further, and reached a low of 28 cents per share*, this implied a market cap of around R420m. At 2pm today the share price had recovered to 88 cents per share* – this implies a market cap of approximately R1.3bn.
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Celebrating the brave, the kind and the anonymous

Through the ages there have been many women who have inspired others – through their bravery, paving the way for generations to come, who stood up for what they believed in, or simply because they made choices that their fellow females had aspired to make themselves, but never had the courage.