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CGMA research: CFOs must take hands on approach to innovation

Published: Sun, 26 May 13

New report from AICPA and CIMA reveals how finance professionals at Coca-Cola, Royal Dutch Shell and other global innovation leaders help to drive new advancements. Add another duty to the expanding role of CFOs: Innovation catalyst. New research from CIMA (the Chartered Institute of Management Accountants) ...
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Pan-Pacific Business Association meets in Johannesburg next month

Published: Sun, 26 May 13

Johannesburg will play host to the 30th annual Pan Pacific Business Conference which will be co-hosted by the University of Johannesburg (UJ) at the Sandton Convention Centre from 3 - 6 June. Themed 'Forging the Legacies of Emerging Economies', this is the first time this convention has been held outside ...
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FIA welcomes greater transparency in short term insurance complaints resolution report

Published: Thu, 23 May 13

            Justus van Pletzen, CEO Financial Intermediaries Association of Southern Africa                 The Ombudsman for Short Term Insurance (OSTI) released its 2012 Annual Report at a lunchtime ...
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Confidence among SA professionals hits 12-month high

Published: Thu, 23 May 13

Confidence levels among South Africa’s graduate professionals climbed to a 12-month high in the first quarter of the year, following a period of extended concern over the political climate, ongoing wildcat strikes and downgrades to the country’s sovereign credit rating. This is according to the ...
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Hollard and Etana: Doing things differently - Again

Published: Thu, 23 May 13

The Hollard Group, South Africa’s best-known independent insurance group, is to acquire the business and all remaining shareholding interests in Etana Insurance. The proposed transaction is subject to regulatory and Competition Commission approval. Etana is a leading provider of intermediated corporate ...
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CEOs are looking to the finance function for more analytical insights to give them the competitive edge

Published: Wed, 22 May 13

CEOs are looking to the finance function to provide more forward looking analytical insights to give them the competitive edge in local, regional and international markets in the wake of the recent and continuing economic uncertainty and regulatory challenges. Organisations are increasingly placing more emphasis on ...
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Mutual & Federal upbeat about its data migration project

Published: Tue, 21 May 13

Mutual & Federal, a member of the old Mutual Group, has announced that its data migration project, which involves the transfer of customer and broker data from an out-of-date mainframe to a highly automated Tia system (a single insurance application package that supports all lines of business), is progressing ...
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East African insurers adapting to rapid change

Published: Tue, 21 May 13

Regulators in four countries demand a separation of long- and short-term businesses   Johannesburg - Change is never easy, especially when it is imposed by circumstances, rather than by choice. This is being felt by insurers in East Africa who are having to adapt to rapid change with the biggest being regulation ...
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Product providers vie for industry insurance and investment awards

Published: Tue, 21 May 13

            Justus van Pletzen, CEO of the FIA                     Stakeholders in the South African financial services industry are set to gather for the much anticipated 2013 Financial Intermediaries ...
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Managing risk across borders

Published: Mon, 20 May 13

          Dr David Hillson FIRM, HonFAPM, PMI Fellow         Many organisations conduct business internationally in our connected world, and we need to consider the particular risks that might arise from operating or trading across borders. We recently ...
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Safeonline appoints Kinsella as partner and Chief Operating Officer to drive growth

Published: Mon, 20 May 13

Safeonline LLP, the leading cyber and technology Lloyd’s insurance broker, has appointed Geoff Kinsella as a Partner and Chief Operating Officer (subject to FCA approval). In his new role, Kinsella will be responsible for taking Safeonline through its next growth phase by ensuring the business strategy ...
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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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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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Insure Group prepares to deploy new system

Published: Fri, 17 May 13

The first details regarding the new Premium Handling System to be deployed by the Insure Group will be become available soon, the company said in a statement today. According to Group IT Director Ian du Toit, development, testing and deployment teams have been working around the clock over the last year to ...
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New FSP licensing requirements envisaged?

Published: Thu, 16 May 13

An article titled Financial Services Sector: get ready to relicense, published in Moneyweb yesterday, will no doubt come as a huge shock to many people in the financial services industry. It appears that licensing will not only apply to new entities falling under the FSB – everybody will be affected, even those ...
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FAIS: Date of First Appointment and the Regulatory Exams

Published: Thu, 16 May 13

Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows: Sole proprietors, key individuals and representatives authorized, approved or appointed during January 2010 to December 2010 will be included in the extension of the ...
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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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From The Glossary »

Dividend:

Payment to shareholders after prior claims, such as debenture holders, has been met. The payment of dividends takes place either semi-annually or quarterly.
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