How to choose a financial advisor
Twenty years ago, most financial services companies and professionals stuck to their knitting. Stock brokers sold stocks, real estate agents sold homes and banks accepted deposits and issued loans.
short-term insurance
Medical Aid – can you take it or leave it?
While there is certainly place for both type of products in the market, it is important that consumers do their homework before signing up with any Medical Insurance or Medical Aid.
Discovery CEO Adrian Gore: Disrupting to sustainable 25%pa growth
As the years have gone by, Discovery’s growth has been reflected in a mushrooming market cap and, more visibly, an expanding complex of offices in its Sandton base. The group Adrian Gore and Barry Swartzberg started after Liberty showed them the door, is now worth R60bn. And by January 2018, its new 87 000 sq/m … Read more
How to slash odds of dying in a road accident – and save cash on your insurance
It’s built into the DNA at SA’s fastest growing financial services group Discovery that incentives change behaviour. The group transformed the medical aid market by offering people an incentive to self-medicate, eat healthier and only visit medical professionals when absolutely necessary. The principle is being successfully applied to car insurance where the three year old … Read more
MMI buys control of Kenyan insurer for $27m
JOHANNESBURG (Reuters) – South African financial services group MMI Holdings said on Monday it will buy a majority stake in Kenyan insurer Cannon Assurance for $27 million, to increase its presence in East Africa’s top economy. The 300 million rand deal gives South Africa’s third-largest life insurer access to Cannon’s short-term insurance and asset management products. MMI Holdings operates … Read more
PODCAST: Adrian Gore on building Discovery, retaining an innovative culture, its bright future
Twenty years ago when South Africa emerged from its experiment with Apartheid, the country’s leading business strategist reckoned only SA Breweries deserved the description of World Class. A few more names would be added to a similar list drawn up today, including financial services group Discovery which was just two years old when the democratic … Read more
Old Mutual CEO “so optimistic” – will build on four-fold share price surge since 2009’s dark days
Five years ago, Old Mutual teetered on the brink. Big Green’s global expansion from its SA base looked like going terribly wrong as the Global Financial Crisis exposed those swimming without trunks – and Old Mutual’s US operations were very much among them. The very real prospect existed that the SA Government might have to … Read more