9 October 2014
SA INSURERS PUT THE SPOTLIGHT ON ENTERPRISE DEVELOPMENT
Johannesburg –South Africa’s major insurance companies together with its industry body, the South African Insurance Association (SAIA) hosted a forum on Enterprise Development (ED) to highlight its importance as part of the country’s national agenda. The SAIA led a panel discussion to inform its stakeholders of industry initiatives implemented by short-term insurers and the challenges facing the industry.
SAIA Transformation and Social Risks General Manager, Leila Moonda said in Newtown that small businesses form an important part of our economy and are a priority for job creation. “As the short-term insurance industry we are able to play an important role in the development of our country’s economy and our support of small businesses is imperative to economic growth,” said Moonda.
Moonda added that ED was more than just complying with Codes of Good Practice as stipulated by the Broad Based Black Economic Empowerment Act. “Collaborative efforts with stakeholders are vital. We need to explore business opportunities with all role players to support small businesses and to stimulate entrepreneurial activity.”
CEO’s of short-term insurance involved in ED, Adam Samie, Lion of Africa Insurance Company (Ltd), Garikai Dhombo, Managing Director, Alexander Forbes Insurance Company (Ltd.), Anton Ossip, Discovery Insure (Ltd), Raimund Snyders, Mutual & Federal Insurance Company (Ltd) and Themba Gamedze, Chairman of the SAIA Board addressed the audience on ED at the forum. The panel discussion was facilitated by Nelson Sebati, a professional empowerment advisor.
“The industry has a significant role to play and we want to reaffirm our commitment and support of small businesses,” Moonda said.
Issued by the South African Insurance Association (SAIA)
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About the SAIA
The SAIA is the voice of the short-term insurance industry. It represents the industry at all
levels and with all stakeholders, to ensure a sustainable and dynamic short-term insurance
industry for the benefit of all South Africans. The SAIA represents most of the short-term
insurance companies in South Africa and is authorised to negotiate on their behalf. The
Association has 60 members who abide by the SAIA code of conduct. The SAIA also
participates and is represented in various organisations within and outside the insurance