South African Economic Hub May Be Terror Target, U.S. Warns October 27, 2022 By Renee Bonorchis One of South Africa’s richest suburbs may be the target of a terrorist attack this weekend, according to an alert...
KPMG’s S. Africa Unit Names 9 New Execs in Bid to Restore Client Trust October 11, 2017 By Renee Bonorchis KPMG LLP’s South African unit appointed nine new executives in an attempt to restore trust in the auditing firm as...
Sanlam Says South African Political Turmoil to Dampen Domestic Business Outlook September 7, 2017 By Renee Bonorchis Sanlam Ltd., the largest South African-based insurer, said prospects for its domestic business will remain muted for the rest of...
Cape Town Hit by Worst Storm in 30 Years, Threatening Insurers’ Outlook June 8, 2017 By Renee Bonorchis South Africa’s property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm...
So. Africa’s Discovery Enters Japan Market with Sumitomo & SoftBank Partnership July 21, 2016 By Renee Bonorchis Discovery Ltd., South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life...
Old Mutual to Split into 4 Units as CEO Works to Reverse Flagging Returns March 11, 2016 By Renee Bonorchis and Colin McClelland Old Mutual Plc plans to split into four units as Chief Executive Officer Bruce Hemphill breaks up the U.K. financial...
Old Mutual’s Stock Gains on Reports It Will Break Up Businesses March 7, 2016 By Renee Bonorchis Old Mutual Plc, the U.K.-based financial services firm that is Africa’s largest insurer, climbed on speculation that it is considering...
African Bank in Talks with MMI’s Guardrisk on Insurance Joint Venture December 8, 2015 By Renee Bonorchis African Bank Investments Ltd.’s lending unit, which collapsed last year, said it is in “advanced” talks with MMI Holdings Ltd.’s...
PwC Concludes South African Insurers Seeking Technology Partnerships October 21, 2015 By Renee Bonorchis South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to counter increased...
Swiss Re Targets Nigerian Acquisition, Seeking to Tap African Growth Rates June 2, 2015 By Renee Bonorchis Swiss Re AG, which has had an African presence for more than 60 years, said it’s in talks with Nigerian...