Banking & Insurance

Choosing to relocate to a new property or premises is an exciting opportunity. This often involves fresh experiences and exposure to new markets. It also allows you to embrace positive change.

Working with chemicals presents inherent risks. These risks must be carefully managed to ensure employee safety and chemical safety measures. Additionally, businesses need adequate insurance coverage to mitigate potential financial losses.

When was the last time you bought something with physical cash or wrote out a cheque? In fact, how often do you even have to do money transfers on your laptop rather than your phone? When did you last have a one-on-one appointment with your insurance broker? Pick any area of finance and you’ll likely find similarly big changes over the past couple of decades. 

Our data shows that 23% of their stokvel members are seniors. Additionally, 37% of stokvels have two or more senior members. This suggests that tradition is being passed down to younger generations. Seniors and youth often belong to the same stokvels. Group savings have historically served as collective savings vehicles. They help adults raise families and create communities of like-minded individuals. Senior citizens continue to embrace this culture while passing on knowledge and principles to younger generations.

South Africans should be terrified by the continued discussion of the possible nationalisation of the South African Reserve Bank (SARB). While the Economic Freedom Fighters (EFF) welcome the discussion, and support putting the institution under total control of government, rational individuals should be supporting more independence and autonomy for the SARB, not less.

BBanking goes far deeper than managing financial transactions. Organisational, compliance and governance layers are demanding and complex. From merchants to customer onboarding, relationship banking and internal agreements, these layers require effective management. Workflow management must also be handled securely and with certainty. This ensures both the bank and its customers are protected.

These are times of unprecedented change and disruption. New technological innovations and geopolitical events are just two of the major catalysts of change in the landscape of risk. In times of volatility, businesses are often faced with increased risk exposure, with opportunistic cybercriminals at the ready to exploit vulnerabilities and take advantage of loopholes.

We live in a volatile world where geopolitical risks, economic inflation, natural disasters and an increasingly complex regulatory environment are applying pressures on all fronts, including the insurance sector. Underwriting requirements are becoming stringent, and prospective clients are having to provide far more granular information about their portfolio of risks as well as risk mitigation measures, while reduced capacity and insurer appetite for certain classes of risks remains a real concern.

When a liability insurance policyholder is being sued, they refer that legal case to their insurer. If a claim in question falls within the four corners of a policy, the insurer handles the claim on behalf of the policyholder. If the matter goes to court, the court papers cite the policyholder (not the insurer) as the litigant.

Capitec reports 36% growth in its financial results for the six months ended 31 August 2024, driving headline earnings to R6.4 billion. The nation’s leading retail bank – now with 23 million clients – says its strategic focus and continued investment in digital transformation since 2020, product diversification, and client-centric solutions continue to yield impressive results, positioning it as a trailblazer in South Africa's financial services sector.