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Liberty Holdings Limited - Operational Update for the Three Months Ended 31 March 2013

Group operating performance reflects continued sales momentum   The performance of the group for the three months to 31 March 2013 reflects continued sales momentum in the Retail SA business, strong cash inflows, and a good overall operational performance from the rest of the group’s businesses ...
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MMI long-term insurance licence amalgamation approved

The High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings Limited group. MMI Holdings Limited was created in December 2010 through the merger of Metropolitan and Momentum. Duplicated licensed entities and systems ...
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Responsible Investing - STRATE skewed

Pension funds’ shareholder activism, required by CRISA and regulations, is impeded by the operation of nominee accounts. Mehluli Mncube, managing director of Inkunzi Fiduciary Solutions*, discusses unintended consequences of dematerialization that need to be resolved. As “responsible” ...
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Broad principles of retirement savings

By Peter Atkinson, National Technical Portfolio Manager Financial Intermediaries Association of Southern Africa   16 May 2013: Most people view retirement savings as the ultimate goal of their wealth accumulation activities, with savings for expenses such as school fees, holidays and medical ...
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Law Society concerned at Parliamentarians’ inappropriate questioning of Public Protector

The Law Society of South Africa (LSSA) expresses its concern at the recent tone of the questioning of the Office of the Public Protector by members of the Portfolio Committee on Justice and Constitutional Development. ‘South Africa is a constitutional democracy and not a parliamentary ...
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