March 8, 2021 – Insurance24

8Mar

Old Mutual expects third wave due to slow vaccine rollout, sets aside a fund to cover Covid-19 claims

8 Mar 2021 Insurance24

Old Mutual expects third wave due to slow vaccine rollout, sets aside a fund to cover Covid-19 claims

HARARE, Financial services group Old Mutual expects a substantial drop in its full-year profit, after setting aside nearly R4bn worth of provisions to cover Covid-19-related claims.

Headline earnings per share (HEPS), the main profit measure in SA that excludes exceptional items, will drop by between

8Mar

NSSA warns on pension fraud

8 Mar 2021 Insurance24

NSA warns on pension fraud

Staff Writer

HARARE, The National Social Security Authority (NSSA) says it is aware of some scammers trying to defraud the Authority by submitting illegitimate and undeserving pension claims, when in actual fact they have not contributed to the pension.

The authority said undeserving claims entail a situation where people reap where they did not sow. In accordance with the