South Africa Financial Services

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While agents and brokers have traditionally formed the key distribution channel for both short- and long-term insurance, a rapid shift in distribution mixes has unsettled traditionally fixed market shares. As newer and smaller direct insurers have gained significant market share in the past six years, in personal motor and property lines...

While financial markets in South Africa are already considered among the best-regulated in the world, the system is about to undergo some significant changes as the country transitions to a “twin peaks” model of oversight. The new framework will split regulation into two distinct areas, prudential and market conduct, the former concerned with...

Articles & Analysis | AngloGold Ashanti: Basic materials from The Report: South Africa 2013

The Company

AngloGold Ashanti, with gold production of approximately 4m oz, is the world’s third-largest gold producer by production, with a presence in exploration, mining and marketing. Headquartered in Johannesburg, AngloGold Ashanti has 21 operations...

Just as a middle class has emerged in South Africa over the past decade, consumer debt has become a central feature of the retail banking market. While household wealth has risen significantly since 1994, reaching R3.5trn ($426.65bn) by 2012, indebtedness has accelerated too. By November 2012 the system counted some 19.6m active individual...

Chapter | Insurance from The Report: South Africa 2013

As the continent’s most developed insurance sector, South Africa accounts for some 52% of African non-life premiums. The short-term insurance market is primarily focused on property and auto products, which together make up almost 75% of short-term gross premiums. Speedy growth in the number of independent insurers has created a robust takeover environment for the major insurers. However, the...

Chapter | Capital Markets from The Report: South Africa 2013

Home to the world’s 19th-largest exchange, South Africa has mature capital markets able to serve not only the domestic economy but also the wider continent. As global risk appetite for emerging market equities returned from mid-September 2012 following concerted interventions by the world’s central banks, South African equities rallied sharply. Bonds also did well in 2012, despite sovereign...