South Africa Regulator Probes Insurance Contracts Over Unpaid COVID-19 BI Claims June 12, 2020 By Roxanne Henderson A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected....
South African Retailer Steinhoff to Sell Assets After $7B Accounting Fraud August 13, 2019 Scandal-hit South African retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become...
S. Africa Insurer Discovery Opens Bank, Challenging Traditional Lenders June 28, 2019 By Roxanne Henderson It took Discovery Ltd. 1.5 million man hours over four years to build a bank. When the startup opens to...
Ex-CEO, 7 Other Execs Blamed for $7.4B Accounting Fraud at S. Africa Retailer Steinhoff March 19, 2019 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud...
Built on Organic Growth, S. African Insurer Discovery Now Weighs M&As February 21, 2019 South African insurer Discovery could expand through acquisitions in the future but must first work out how its innovative fluctuating...
S. Africa Lender FirstRand Aims to Offer Services Such as Insurance December 11, 2018 By Roxanne Henderson and Gordon Bell FirstRand Ltd. is emulating Amazon.com Inc. with a digital offering that will span everything from insurance, car license renewals to...
Largest African Insurer Sanlam Completes Acquisition of Morocco’s Saham Finances October 11, 2018 By Vernon Wessels and Roxanne Henderson Sanlam Ltd., Africa’s largest insurer by market value, said it fulfilled all the conditions for the $1.1 billion purchase of...
KPMG Loses More Staff & Clients in Continuing Fallout From S. Africa Gupta Scandal September 26, 2018 By Loni Prinsloo and John Bowker KPMG LLP is continuing to lose staff and clients in South Africa more than a year after issuing a public...
Cape Town Drought Highlights Water Scarcity Risk to Vulnerable Cities Globally: UBS August 28, 2018 By John Viljoen Cape Town’s water crisis, which saw the drought-hit city come within 90 days of turning off the taps earlier this...
South Africans Overpaying Healthcare with Limited Competition to Blame: Watchdog July 6, 2018 By Tiisetso Motsoeneng South Africans are paying too much for private healthcare, the country’s antitrust watchdog said on Thursday, adding patients are sometimes...