The Solvency Assessment and Management (SAM) regime currently overseen by the Financial Services Board (FSB) promises to bring the insurance sector a wide array of potential benefits. Rising industry confidence, increased professionalism in risk management and greater capital efficiency are all reasons many welcome the initiative. The scheme also...
Hosting the 2010 World Cup proved that building infrastructure quickly and efficiently is something South Africa can do. Airports got most of the attention in the run-up to the event, and now it is time for railways and ports to receive similar treatment, albeit without the deadline pressure. Transnet, the parastatal in charge of rail and ports, is...
The year 2012 promises to be a significant one for South Africa’s long-term insurance industry. The publication of a green paper is expected to at last provide details of the proposed National Social Security Fund (NSSF). The initiative is designed to meet a well-documented social need, but while its goal might be laudable, its implementation...
The national economy has long been supported by industry, in particular the manufacturing sector. Major successes in both the apartheid and post-apartheid eras have helped build the country. The fact that South Africa has long positioned itself as gateway to African markets, both financially and physically, has also served its industrial sector well...
The mining industry has long been a driving force behind South Africa’s economic growth. Although some mines have reached maturity, the country still relies heavily on its mineral output and the industry’s producers have become global behemoths. South Africa’s total reserves, while diminished, remain some of the world’s most valuable, with an...
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