In the news today: Eskom asks government for R100bn to keep the lights on, agribusiness confidence hits a nine-year low, and Yellowwoods and Hollard invest a further R30m in Naked

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Eskom wants government to take on R100bn of its debt

The power utility is seeking a bail-out from government – but this would add a further 2% to the government’s debt-to-GDP ratio and might be viewed as negative by credit ratings agencies.  READ MORE

Agribusiness confidence hits nine-year low

According to the quarterly Agbiz/IDC Agribusiness Confidence Index (ACI) report, South Africa’s agribusiness confidence has reached its lowest level since 2009.  READ MORE

Yellowwoods and Hollard invest a further R30m in Naked

The IA-driven car insurance provider’s strong first six months of trading have encouraged its founder investors to plough more money into the company to enable it to expand into new short-term insurance product categories.  READ MORE

Cunningham Lindsey SA to operate under Sedgwick brand

Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, in absorbing global loss adjusting, claims, management and risk solutions firm Cunningham Lindsey into its brand with immediate effect.  READ MORE

Mercer Marsh Benefits launches BenefitMAP

Mercer Marsh Benefits has launched a global digital platform that will allow employers to manage the costs associated with their benefits programmes and address rising healthcare plan costs.  READ MORE