Tiyani Wa Ka Mabasa PSL and Orlando Pirates chairman Irvin Khoza at the PSL offices in Parktown. File photo Image by: MOEKETSI MOTICOE The South African Football Players Union (SAFPU) will approach the insurance ombudsman to raise and deal with concerns regarding insurance for professional players in the country. This […]
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FMDQ partners PenCom on Regulatory Supervision
. Sign Regulatory Supervision Collaboration Agreement As part of efforts geared towards the realisation of its corporate vision and agenda, FMDQ OTC Securities Exchange (“FMDQ” or “the Exchange”) has formalised its partnership with the National Pension Commission (“PenCom” or “the Commission”) through the co-signing of a Regulatory Supervision Collaboration Agreement […]
Pension operators seek bankable projects to enhance investments
Leave a comment and share Chuks Udo Okonta Lack of investment options – Bankable projects – transparency; shortage of data as well as high risk related greenfield investment among others have been identified as clogs to investment of pension funds especially in infrastructure. The Head, Investments, Pensions Alliance limited, Mrs […]
Wapic Insurance’s capital base grown to GHȼ 17 million
Wapic Insurance has complied with the National Insurance Commission’s (NIC) recapitalisation requirement regulatory deadline of December 31, 2015, by injecting fresh funds into its operations. Arowojolu Mr Adedayo Arowojolu, Managing Director for Wapic Insurance said the Company’s capital base had grown to GHȼ 17 million, which exceeds the regulatory requirement. […]
New UK, African Trade Insurance partnership helps finance EA ambition
“The UK is a global leader in many of the sectors for which Kenya has greatest demand: infrastructure, advanced engineering, energy, ICT and defence and security. In these and other specialist areas, UK expertise can help accelerate Kenya’s development and economic growth”. Kenya is fast cementing its reputation for remarkable […]
PenCom loses Commissioner, Finance Division
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has announced the death of its Commissioner, Finance Division, Prince Adesoji Olaoba-Efuntayo. The Director General of the Commission, Mrs. Chinelo Anohu-Amazu, who confirmed this in a statement, stated that the Commissioner died at the age of 58 […]
Mariah Carey insures her legs and voice for $70 million
Normal people take out insurance policies on homes, cars and even their pets but there’s a whole world of insurance beyond that – when it comes to celeb-land, stars seem to have so much more at stake. The latest? Mariah Carey (in true Mariah style) has reportedly insured her body […]
Telematics insurance fails to take hold in SA
TELEMATICS-based insurance is still a niche, representing only around 2.5% of the South African retail vehicle insurance market. As the technology gets better and cheaper, insurers expect its popularity to grow. There are about 12-million customers with telematics-based policies around the world. This will increase to 100-million by 2020, according […]
Help SMEs build financial capacity. Pelpuo urges insurance companies
The Minister of State in charge of Private Sector Development at the Presidency, Mr Rashid Pelpuo, has called on insurance companies to provide financial guarantee for small and medium enterprises (SMEs) to build their financial capacity. He observed that the lack of funding for SMEs was a major challenge to […]
Senzo Meyiwa’s two children, including daughter with Kelly Khumalo, benefit from PSL insurance policy
A file photo of Sam Meyiwa with Danny Jordan and Irvin Khoza during the funeral service of the late Senzo Meyiwa. Image by: Anesh Debiky/Gallo Images Marc Strydom The Premier Soccer League on Wednesday announced the payment of a R4 million life policy on murdered Bafana Bafana and Orlando Pirates […]
