South Africans are paying too much for private healthcare, the country’s antitrust watchdog said on Thursday, adding patients are sometimes prescribed treatments they don’t need by an industry with limited competition. Presenting its findings of a four-year investigation into the …
South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to counter increased competition and a slowing economy, according to PricewaterhouseCoopers LLC. “There are a few tie-ups being worked on,” Victor Muguto, PwC’s …
Rand Merchant Insurance Holdings Ltd., which owns stakes in four insurers, hired Chris Meyer, head of RMB Morgan Stanley, as the holding company run by a former Deutsche Bank AG executive adds investment talent. Meyer will leave at the end …
MMI Holdings Ltd., South Africa’s third-largest insurer, agreed to pay 1.6 billion rand ($157 million) for Alexander Forbes Ltd.’s insurance business. MMI will fund the cash acquisition of Guardrisk from its “capital buffer,” the Johannesburg-based company said in a joint …
