South Africa has a patchwork health insurance system with many key pieces missing. A state scheme exists that provides free healthcare. Its footprint is limited though; it excludes anyone earning more than R6000 a month ($518). Private insurance is available to those who earn more, but it is expensive and often comes in low on reimbursement....
Like the country itself, the South African insurance sector is a study in contrasts. The market is by some measures one of the most advanced in the world. It has a premium-to-GDP ratio that is among the highest anywhere, and its insurers are well-regulated, well-managed and innovative. The market is becoming even more sophisticated with the...
THE COMPANY: Woolworths Holdings is an investment holding company listed on the Johannesburg Stock Exchange that operates through three wholly owned subsidiaries, Woolworths (proprietary), David Jones and Country Road Group, as well as a joint venture – Woolworths Financial Services. Woolworths is...
THE COMPANY: Established in 1918, Sanlam has grown to become the second-largest listed life insurance company in South Africa, after Old Mutual. The group operated as a mutual fund until its listing on the Johannesburg and Namibian stock exchanges in 1998. In legacy of its demutualisation, Sanlam...
THE COMPANY: FirstRand is the third-largest South African bank in terms of balance sheet size, holding total assets of R979bn ($84.6bn) at December 31, 2014. It operates three primary brands: First National Bank, which has a retail and commercial focus; Rand Merchant Bank, which competes in the...
THE COMPANY: Imperial Holdings was established in 1948 as a single car dealership and over the years has diversified into new products, sectors and geographies. The company’s current offering, which emerged after a major restructuring aimed at streamlining the firm in 2008, includes logistics (South...
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