In the news today: Unemployment is up in all nine provinces in South Africa, new financial services company African Rainbow Life is set to launch on 30 May, and ASISA reports that intermediaries drive 33% of new inflow into local Collective Investment Schemes industry


Unemployment up in all nine provinces

South Africa’s unemployment stands at 27.6% – the highest increase since 2017, according to Statistics South Africa.  READ MORE

African Rainbow Life to launch on 30 May

The new financial services company is set to focus on the under-serviced lower to middle-income market segment.  READ MORE

Intermediaries drive 33% of new inflow into local CIS industry

The Association for Savings and Investment South Africa (ASISA) reports that the local Collective Investment Schemes (CIS) Industry received strong net inflows of R52.8 billion in the first quarter.  READ MORE

Tesla’s insurance offering to use AutoPilot data

Tesla is venturing into the insurance space, claiming it can offer lower premiums because its AutoPilot driver-assist system will decrease claims frequency.  READ MORE

Bad retirement outcomes forcing a financial planning rethink?

Forbes magazine contends that financial planning trends are turning conventional wisdom on its head.  READ MORE