Real estate body publishes new governance code
The SA REIT Association has released new best-practice recommendations, as it tries to improve the reputation of the listed property sector. A Business Day report says the sector had its worst year in more than two decades last year following a number of allegations against the Resilient group of companies. The association ...
Medical aids lose billions on risk transfer deals
Leading medical schemes are losing money in opaque ‘risk transfer’ arrangements, in which they pay service providers millions of rands to manage claims that critics say they could easily handle in-house. Business Day reports the deals mean there is less money available for their own members and raises questions ...
Ombudsman for Short-term Insurance on excesses
The Ombudsman for Short-term Insurance (OSTI), recently commented on excesses in the short-term insurance industry. In the media release the Ombud answers the following questions:
- What is an excess?
- Why do you pay an excess?
- Are there different types of excesses?
- Does an insurer have to recover the excess ...
Blockchain-based ID system revealed
VBS curatorship cost R21.6m
Cyber Crimes Bill now urgent – Cisco