SA’s top banks analyst on Hamas allegations, Sanlam’s Indian “Tencent” and Assupol

In this fascinating interview, Denker Capital’s co-founder provides context on the Hamas funding allegations – and explores why Sanlam’s investment in India is looking uncannily similar to Naspers’ game-changing early bet on Tencent.

Take time out and listen to the interview which covers a range of economic indicators plus background on how allegations impact the banking sector and how diversifying offshore can prove to be a good move for shareholders at home. 24min interview also available as a podcast.

Confidential out-of-court settlement between VBS and KPMG was R500m: source

A source familiar with the matter told Daily Maverick that the sum was R500-million. The money will be paid to the liquidator to distribute among the creditors, who will likely feel short-changed.

This article is a short account of gross corruption. The investigator’s report to the Prudential Authority was published in Oct 2018. It is called The Great Bank Heist and it shows that R2 billion was stolen. You can access the report here

Sanlam moves to acquire 100% of Assupol Holdings shares

Sanlam plans to acquire up to 100% of the shares of Assupol Holdings (Assupol), through a scheme of arrangement, with a fallback general offer to Assupol shareholders for a purchase consideration of around R6,5 billion.

3min read.

Risk and resilience: unpacking the effects of South Africa’s prolonged hard insurance market 

Cedric Masondo, Chief Executive Officer at PSG Insure, looks back on the past five years and brings us into the present and what we can expect for insurers in the future given industry experience. 8min read.