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Sanlam helps establish black companies, serving lower income groups as target market indicating #Blackprivilege

Posted on June 5, 2019 Leave a comment

Patrice Motsepe’s African Rainbow Capital (ARC) has established a new insurance company known as African Rainbow Life.

The company differs from other insurers who serve the lower income groups, and have their sights on the broad spectrum of rainbow nation.

The new company is owned by ARC and Sanlam, which has already established a company to serve the lower income groups as target market.

With the Sanlam Sky. ARL of the former Afrikaner institution, a BEE agreement was made to stimulate matters.

The new insurance company was launched with a R2bn loan.

-Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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ANC’s double talk – Ramaphose and Magashule’s statements on the independence of the Reserve Bank contradict each other and are damaging the confidence of investors – There is no doubt that the ANC-regime is leading SA to a downfall

Posted on January 18, 2019 Leave a comment

The ANC president, Cyril Ramaphosa and Magashule’s statements about the independence of the Reserve Bank, clearly contradict each other.

While Ramaphosa is trying to reassure voters as well as the outside world that the Reserve Bank will remain independent, his fellow companion is confusing investors.

He said in a statement that the Reserve Bank would be nationalized over the next five years.

Economists declare that the ANC’s election manifesto is a call for investors to secure their money. The manifesto does not outline a positive image for investors, banks and pension funds and insurers.

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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