Adelaide Changole

Discovery Ltd. is accelerating the US rollout of its flagship wellness program as South Africa’s biggest health-insurance provider seeks to diversify its business and generate more revenue outside its home market.

Softening US property rates have prompted the insurer to prioritise Syndicate 1918 and its broader international growth strategy.

Profit at Old Mutual declined for the first time since 2022 as risk-off sentiment from conflicts in the Middle East curbed investment returns at the Africa’s biggest insurer by assets.

Profit at Old Mutual declined for the first time since 2022 as risk-off sentiment from conflicts in the Middle East curbed investment returns at the Africa's biggest insurer by assets.

FirstRand Ltd. profit fell for the first time in six years after a £807 million ($1.1 billion) provision for UK clients’ claims over missold car loans at its British motor-finance unit countered growth from loans and fee income.

Declared a final dividend of R2.80 per share. By Adelaide Changole, Bloomberg ·

Sanlam Ltd. profit dropped as weather-related claims in South Africa grew and strength in the rand trimmed the translated value of earnings from its businesses outside of its home market.

Sanlam profit dropped as weather-related claims in South Africa grew and strength in the rand trimmed the translated value of earnings from its businesses outside of its home market.

Follows growing competition from Old Mutual and Discovery, which have both established banking operations.

Amundi SA, Europe’s largest asset manager, is looking for opportunities in global bond markets after the recent selloff, and is buying two-year US Treasuries to protect against the risk of economic growth slowing due to elevated oil prices.