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SA impact study shows importance of local film industry

Published: Mon, 20 May 13

The success of South Africa’s burgeoning film industry is already helping to bolster the local economy through the creation of new jobs, according to a new impact study on the industry released by the Department of Arts and Culture. Clive Shelver, Managing Director at Film & Entertainment Underwriters, ...
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Saving SA’s loss-making vehicle insurance industry

Published: Fri, 17 May 13

In future, the combination of environmental and behavioural risk analysis with new technologies will re-define risk and what insurance costs in the South African motor industry. Continuing to manage vehicle risk in South Africa from a ‘fixing-the-damage after its happened’ perspective threatens, ...
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Cheaper, safer way for SMEs to accept payment

Published: Fri, 17 May 13

New mobile payment device a boost for smaller travel and tourism businesses   · Visa presents new ‘mPOS’ at May’s Tourism Indaba · Cheaper, safer way to accept payment · ...
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New local music experience kicks off with Simphiwe Dana ‘goddess of South African cool’

Published: Fri, 17 May 13

The launch of the brand new live music series, Lion of Africa Music Expressions, on Sunday, 28 April, looks set to showcase some of SA’s best local talent in an exciting series of events.   Sponsored by Lion of Africa Insurance, the first of the nine monthly music concerts was hosted at the Lyric ...
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Hannover Re assumes reinsurance of energy savings warranties in Germany

Published: Thu, 16 May 13

Hannover: Hannover Re, in cooperation with KlimaProtect, has for the first time developed an energy savings warranty insurance product for industrial enterprises in Germany. This insurance solution enables providers of energy efficiency solutions to guarantee the potential energy savings offered by their retrofit ...
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Momentum growing for better public accounting

Published: Thu, 16 May 13

PwC surveys central governments in 100 countries   Worldwide, governments are increasingly taking steps to improve their accounting and achieve greater transparency – amidst growing recognition that the accounting framework traditionally used by the public sector isn’t fit for the 21st century ...
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Africa Domain Name System Forum to be held in Durban, South Africa, 12-13 July 2013

Published: Thu, 16 May 13

Co-organized by the Internet Society, AfTLD, and ICANN, Forum will bring together registries, registrars, experts and policy makers to foster cross-border collaboration   Durban, South Africa - The Africa Domain Name System (DNS) Forum will be held on 12 - 13 July 2013 in Durban, South Africa. The event aims ...
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An overreaction to the Jerrier case?

Published: Wed, 15 May 13

By Robert W Vivian Professor of Finance and Insurance School of Economic and Business Sciences University of the Witwatersrand   Unprecedented reaction It is not clear why the case of Jerrier v Outsurance Insurance Company ZAKZPHC 11, 2013 heard in the Pietermartizburg High Court attracted such a great ...
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Forty-four percent of countries measured have identifiable terrorism risk in 2013, says Aon

Published: Wed, 15 May 13

Aon’s 10th annual Terrorism and Political Violence Map highlights risk to global business growth   LONDON – Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), today released its 10th annual Terrorism and Political Violence Map to help companies assess risk levels of ...
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Law Society concerned at Parliamentarians’ inappropriate questioning of Public Protector

Published: Wed, 15 May 13

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 democracy,’ ...
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Famed SA muso KABOMO to headline live music concert in Gauteng

Published: Wed, 15 May 13

The second Lion of Africa Music Expressions show will take place on Sunday, 26 May at the Soweto Theatre, featuring multi-talented South African musician, Kabomo,   Sponsored by Lion of Africa Insurance, in association with Swazitainment Productions, the Lion of Africa Music Expressions show takes place monthly ...
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How South Africa is “delivering on Africa’s Promise” in the financial services sector

Published: Sat, 11 May 13

The 23rd World Economic Forum (WEF) on Africa, currently underway in Cape Town, calls for Africa to live up to its true potential. Under the theme “Delivering on Africa’s Promise” the gathering provides an important platform for regional and global leaders to deepen the continent’s integration ...
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FSB imposes R1m penalty on Hippo Comparative Services

Published: Sat, 11 May 13

The Registrar of Financial Services Providers (Registrar) referred a case against Hippo Comparative Services (Pty) Ltd (the Respondent), FSP number 16357 to the Enforcement Committee of the Financial Services Board. The referral related to a contravention of regulation 3(A)(1)(b)(i) of the General Code of ...
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Stokvels and Burial Societies Exempt from Licensing

Published: Sat, 11 May 13

Board Notice 43 of 2013 exempts Stokvels and Burial Societies from being licensed. This obviously means that they no longer fall under the jurisdiction of the FSB. It is very specific about who is affected, and defines each of these entities in the Board Notice. If you are in doubt, kindly consult the BN for the definitions ...
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The merits of considering a broker vs price tender

Published: Thu, 09 May 13

          Warren Bolttler, CEO of PFP Insurance Brokers         The decision to move brokers is never an easy one and this decision is most often prompted by poor claims service, inadequate advice, lack of innovation or general service ...
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9/11 Reprise One Event or Two? – Policy wording makes all the difference

Published: Thu, 09 May 13

    Donald Dinnie | Director Norton Rose South Africa               In World Trade Centre Properties v Hartford Fire Insurance Co. the US Court of Appeal found that the damage caused to the World Trade Centre of 9/11 was the result of a single occurrence, ...
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New index reveals SA brokers losing confidence in 2013

Published: Thu, 09 May 13

Results from the CIB Broker Confidence Index (BCI) for the first quarter of 2013 have revealed that brokers are losing confidence in the wider economy and specifically in the business conditions for the local insurance industry. The BCI - which measures the confidence levels of insurance brokers on a number ...
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Business rescue – success or failure?

Published: Tue, 07 May 13

By Gideon Bochedi, General Manager, Salvages Credit Guarantee Insurance Corporation   Business Rescue legislation was introduced to rehabilitate companies, small, medium or large, that are still economically viable but financially distressed. A temporary moratorium on creditors’ rights is provided ...
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Cyber security: it’s a war zone

Published: Tue, 07 May 13

Cyber security has moved beyond the IT department to impact governments, enterprises and individuals on a massive scale. Cyber security today is a war zone. This emerged at the opening of the 8th annual ITWeb IT Security Summit at the Sandton Convention Centre this morning. Addressing over 600 local business ...
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Congratulations to Risk Doctor and Partners who celebrate their tenth anniversary this year!

Published: Mon, 06 May 13

            Dr David Hillson FIRM, HonFAPM, PMI Fellow   Since July 2003 the Risk Doctor brand has built a strong global reputation for excellence in risk management support, blending leading-edge thinking with expert practical application. We've ...
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From The Glossary »

Merchant bank:

A British term for a bank that specializes not in lending out its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providing advice on acquisitions, mergers, foreign exchange, portfolio management, etc.
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