The group has established a pandemic reserve to deal with the fallout from Covid-19, but says death claims to date have been limited
Financial services group Liberty Holdings swung into an almost R2.2bn loss in the six months to end-June, after establishing a pandemic reserve to deal with the fallout from Covid-19.
The insurer and asset manager, which was founded in 1957 by Donald Gordon, said net external third-party cash inflows rose 11% to R14.7bn during the period, largely due to good inflows to money market funds from institutional managers in a risk-averse environment.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19 LIVE UPDATES | 173 Covid-19 related fatalities in the past 24 hoursHealth minister Dr Zweli Mkhize announced on Monday night that there were just 5,378 new Covid-19 cases recorded in the past 24 hours.
Read more »
Liberty Holdings swings into loss amid Covid-19 provisionsThe group has established a pandemic reserve to deal with the fallout from Covid-19, but says death claims to date have been limited
Read more »
WHO bosses urge world to 'do it all in long Covid-19 battle’The World Health Organisation warned on Monday that there might never be a “silver bullet” for Covid19 in the form of a perfect vaccine and that the road to normality would be long, with some countries requiring a reset of strategy.
Read more »
Son of Covid-19 survivor, 73, lauds Eastern Cape health workersA social media post detailing the recovery of a 73-year-old woman who tested positive for Covid-19 in the Eastern Cape has gone viral after sharing her recovery was attributed to 'pockets of excellence' within the health-care system.
Read more »
People profiteering from Covid-19 are like 'hyenas circling wounded prey': Cyril RamaphosaPresident Cyril Ramaphosa has slammed those who benefit through corruption from Covid-19 funds, saying their actions were those of scavengers who acted like a pack of hyenas circling wounded prey.
Read more »
WATCH | Emotional scenes as nurses honour one of their own who died of Covid-19A nurse in Welkom has succumbed to Covid-19, adding to the growing number of health-care workers who have died from the virus.
Read more »