Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
In energy matters, the government appears enslaved by ‘first world’ norms and standards
The accused were arrested as part of a Hawks operation to nab alleged instigators who incited public violence during looting and destruction in 2021
Nedbank failed to comply with certain provisions the Financial Intelligence Centre Act
Mudiwa Gavaza is joined by Larry Masson, a financial adviser and franchise principal at Consult by Momentum.
Parent company London-listed Pearson Plc said the disposal was part of a strategic review.
US attorney-general Merrick Garland has asked a judge to unseal the search warrant for Trump’s home
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Rushdie’s condition is not immediately known
The insurance industry is reprehensible, according to Ismail Momoniat. He should know. As the Treasury’s deputy director-general, he orchestrates its regulatory diarrhoea.
Business Day called one of his regular rants a "scathing attack on the short-term insurance sector". Instead of the industry refuting him at last week’s insurance conference, one of its representatives implicitly endorsed the notion that increasingly draconian regulation, backed by a gigantic bureaucratic empire, should address its "reputational deficit".
How bad is the industry, and how negative are perceptions? It depends on the weight attached to facts, feelings or flimflam. This column has explained the fact that supposed financial sector problems and promised benefits have never been defined, quantified and monitored. All we do know is that the opposite of what was once predicted materialised, that billions of rand and millions of hours are wasted on enforcement and compliance, that red tape and entry barriers prevent entrepreneurship and transformation and that artificially curtailed services and regulatory costs imposed on consumers reduce access to cover.We also know that th...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.