In the news today: King Price is set to bid up to R2 billion for Alexander Forbes’ short-term insurance business, the Durban floods have claimed lives and destroyed homes, and a malaria vaccine is being rolled out in three African countries

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King Price to bid for Alexander Forbes short-term insurance

Insurer King Price has announced an ambitious bid, thought to be up to R2 billion, for Alexander Forbes’ short-term insurance business.  READ MORE

Durban floods claim lives, destroy homes

The Durban floods have claimed at least 30 lives and, destroyed homes and caused mudslides, while beaches have also suffered extensive damage.  READ MORE

Malaria vaccine rolled out in Africa

The World Bank says that Malawi, Kenya and Ghana are the first three African countries to be allowed to start vaccinating approximately 360 000 children.  READ MORE

More members downgrade medical aid plans: Alexander Forbes Health

Alexander Forbes Health says 3.8% of the company’s medical aid members have downgraded their health plans as the tough economy bites. Cancellation is also a growing trend.  READ MORE

Trust Re appoints a new CEO

Port St Johns Municipality has asked for mattresses, blankets, food and heaters to assist those evacuated in the wake of flooding in Green Farm in Port St Johns.  READ MORE