The News24 Business Awards celebrate the best in corporate South Africa.

We recognise companies and CEOs who are doing excellent work in building their businesses, while also going above and beyond in strategic leadership, client service, transparency and building a better SA.

On 16 March, the inaugural News24 Business Awards were presented in Cape Town. The criteria were well thought out and over 5000 respondents fed into the final decision. The awardees follow below but take some time to read the article which will give insight into each award. 10 min read.

  • First CEO of the Year: Royal Bafokeng Platinum’s long-serving CEO Steve Phiri
  • Company of the Year: Woolworths
  • Bank of the Year: Investec
  • Long-term insurance firm of the Year: Sanlam
  • Short-term insurance provider of the Year: OUTsurance
  • Medical Scheme of the Year: Bonitas

Taking Insurance and Financial Services solutions into Africa to create financial sustainability

The low level of insurance penetration in the Sub-Saharan African countries presents opportunities and challenges for both the financial services institutions and customers. Formalised financial institutions such as insurers have a strong role to play in, alleviating poverty, investing and planning for generational wealth, advancing development in households, business resilience, as well as capital market development which all contribute to economic growth. This sector also contributes to employment creation.

4 min read.

A focus on the regulatory aspects and challenges of the two-pot system

One of the biggest issues we face is that the legislation still has not been finalised. The Budget review referred to forthcoming draft legislation and the issues that this will address. Without this draft legislation, there is considerable uncertainty regarding implementation.

4 min read with the option of a podcast of 35 mins on the topic which you can access here.