We welcome you to the winter edition of our Newsletter.
Cape Town is so far enjoying a beautiful winter with very little rain. It seems as the rain clouds are hanging over the Rand, as the currency has lost 20% of its value against all major currencies since the beginning of this year. You will find comments about the Rand’s recent weakness in this newsletter.
Other clouds are hanging over all short-term insurance companies, as unfavourable circumstances are forcing all of them to increase their rates.
As usual, this newsletter can be viewed under https://www.swissfin.co.za/newsletters/swissfin-newsletter-august-2013/
Enjoy the reading, with best regards,
Your SwissFin - Team