In the news today: Goldman Sachs partners with Investec to expand on the continent, Discovery is named the world’s second-strongest insurance brand, and AlphaCode’s Incubate programme offers R1m to entrepreneurs who can “create the next OUTsurance or Discovery”

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Goldman Sachs partners with Investec to expand on the continent

The US investment bank is bullish about economic growth in Africa and will expand its business in South Africa.  READ MORE

Discovery named world’s second-strongest insurance brand

Brand Finance’s Brand Strength Index has named China’s Ping An as the world’s most valuable insurance brand, with Discovery in second place.  READ MORE

R1 million to “create the next OUTsurance or Discovery”

AlphaCode’s Incubate programme is offering grant funding to financial services entrepreneurs who can create “the next OUTsurance or Discovery”.  READ MORE

Moody’s wants South Africa to tackle is credit challenges

Moody’s Investor Services wants South Africa’s new government to tackle its low growth, steadily rising debt, leveraged state-owned enterprises and weakened institutions.  READ MORE

Capitec’s merger with Mercantile approved

The Competition Tribunal has approved the merger of Capitec Bank with Portuguese-owned Mercantile Bank, which will allow Capitec to enter the business banking market.  READ MORE

Trade war escalation threatens global economy

Stéphane Monier, chief investment officer at Swiss private bank Lombard Odier, says President Donald Trump’s increased tariffs on China’s imports will hurt the global economy.  READ MORE