In the news today: Motorists to be hit by highest fuel price increase in four years, Moody’s gives South Africa the benefit of the doubt, and Allianz names the top five risks facing medium-sized businesses

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Steepest fuel-price hike in four years

Brace yourselves – the petrol price is set to rise by R1.31a litre inland and R1.26 at the coast.  READ MORE

Moody’s holds off on ratings announcement

Moody’s Investors Service has not yet delivered its outlook on South Africa, with some analyst believing it is giving President Cyril Ramaphosa a chance to implement reforms.  READ MORE

Allianz names top five risks for medium-sized businesses

According to the Allianz Risk Barometer 2019, cyber incidents are the top risk for medium-sized businesses in South Africa and around the world, replacing business interruption.  READ MORE

Blockchain insurance consortium raises $16 million

B3i, a blockchain startup owned by some of the world’s largest insurance companies, has raised $16 million last month, bringing its total capital to over $22 million. Founding shareholders include Allianz, Munich Re, Swiss Re and others.  READ MORE

Liberty Kenya’s net earnings down by 9.8%

Liberty Kenya Holdings took a 9.8% drop in earnings for the year ended December 2018, to a net profit of Sh608 million, an indicator of slowing premiums uptake.  READ MORE