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Business Unity South Africa

 BUSA represents South African business on macro-economic and high-level issues that affect it at the national and international levels. Our function is to ensure that business plays a constructive role in the country’s economic growth, development and transformation and to create an environment in ...
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South African Chamber of Business

 With wide-ranging changes taking place in South Africa, as well as internationally, business people will find it more difficult to operate in isolation and ensure survival. The chamber movement represented by the South African Chamber of Business (SACOB) and its almost 100 constituent chambers is a ...
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From The Glossary »

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Loss Development:

The difference between the estimated amount of loss(es) as initially reported to the insurer and the amount of an evaluation at a later date or the amount paid in the final settlement(s).
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