In the news today: President Cyril Ramaphosa wants to save SAA, Alexander Forbes says the retirement crisis is not abating, and Democrats are projected to win the House of Representatives in the US midterm elections

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Closing SAA could collapse the fiscus

President Cyril Ramaphosa says there are no plans to sell SAA since its debt is underwritten by government and calling in that debt could collapse the fiscus – and threaten other SOEs in the process.  READ MORE

Retirement crisis not abating

Alexander Forbes says only 5.17% of people who retired from funds administered by the financial services group this year can maintain their standard of living.  READ MORE

Democrats poised to take House in US midterm elections

Projections indicate that Democrats will take back the House of Representatives but Republicans will retain control of the Senate in the hotly contested midterm elections. READ MORE

EU insurance rules to threaten Formula 1?

According to the Motorsport Industry Association (MIA), the EU’s new Motor Insurance Directive could have a “catastrophic” effect on motor racing unless amendments are made. The proposed law will extend compulsory third-party insurance to all vehicles.  READ MORE

Liability insurance costs increasing for directors

A lack of trust in corporate governance after the Steinhoff crisis means it is becoming more costly to insure company directors and officers – their liability insurance has doubled or tripled annually.  READ MORE