Insurance News ME

Consumerism forces financial services integration

The consumer landscape in South Africa has experienced unprecedented change in the last few years, which has created the need and opportunity for previously specialised product and service providers to diversify and offer time-strapped, increasingly educated consumers the convenience of ‘one-stop shopping’ across a broad array of offerings.

South Africa: Local Life Insurance Industry Still Alive And Kicking

The latest results of the Ernst & Young insurance confidence index released yesterday gave a clean bill of health to the South African life industry.

Nedbank is best local fit for Stanchart expansion

Johannesburg - UK-based Standard Chartered (Stanchart) might consider buying a local bank, Chris Low, the chief executive of the South African unit, confirmed yesterday.

But neither he nor the rumoured takeover target, Nedbank, was prepared to comment further on speculation that Stanchart may buy Old Mutual's 52 percent stake in South Africa's fourth-largest bank.