In the news today: The IMF cuts South Africa’s growth forecast, Standard & Poor’s says GDP growth of over 1.5% would not be enough to prompt a ratings upgrade, and 2019 could be a rocky year for insurers

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IMF cuts South Africa’s growth forecast

The International Monetary Fund (IMF) has revised GDP growth from 1.4% to 1.2% for 2019, putting South Africa among the worst performers in sub-Saharan Africa.  READ MORE

Higher growth will not lead to ratings upgrade: S&P

Standard & Poor’s Global Ratings says GDP growth of over 1.5% would not be enough to prompt a ratings upgrade.  READ MORE

2019 a rocky year for insurers?

Sanlam, Old Mutual and Liberty all saw investment returns decline in 2018 – and 2019 could prove equally tough if weak equity markets persist and consumer spending does not recover.  READ MORE

Medipost Holdings appoints new CEO

Mziwandile Noel Guliwe, who is known for successfully introducing generic medicines to the domestic market, has been appointed CEO of Medipost Holdings.  READ MORE

COFI Bill “refreshing” – Alexander Forbes Health

Butsi Tladi, MD of Alexander Forbes Health, says the Conduct of Financial Institutions (COFI) Bill will promote financial inclusion and transformation.  READ MORE

Beware cyber criminals on dating sites

Hartford Steam Boiler says consumers show little concern about the use of their personal data on dating websites, which makes them vulnerable to hackers, imposters and cyber criminals.  READ MORE