NMG Benefits acquisition of Cedar Employee Benefits
The Hollard Insurance Group, South Africa’s largest independent insurer, today announced the disposal of its stake in Cedar Employee Benefits to NMG Benefits, the South African arm of the international NMG Group.
NMG Benefits publishes key statistics from the Council for Medical Schemes’ 2015 Annual Report
NMG Benefits key statistics and trends of the Medical Schemes Industry are derived from the Council for Medical Schemes (CMS) 2015-2016 annual report. NMG’s team of experts conclude the year 2015 was a difficult one for medical schemes for multiple reasons.
NMG Benefits Selects New CEO
NMG Benefits today announced that its Board of Directors has appointed Jacky Mathekga as its new Chief Executive Officer, effective 1 June, 2016.
NMG Benefits Welcomes National Treasury’s Retirement Reform Proposals
The National Treasury recently released a statement outlining the first step towards implementing proposals that aim to lower charges and improve market conduct in the retirement fund industry.
Women Are Different When It Comes To Financial Planning
South African women are not taking charge of their own personal financial planning. This is despite the fact that women live longer than men. In fact, current statistics indicate that women are likely to live more than a third of their lives in retirement.
Access To Medical Schemes Under The Spotlight
Lara Wayburne, NMG Benefits: “We are pleased that the CMS has actively and publically revisited the possibility
of extending accessibility of Medical Schemes to the low-income market, the first time since 2005.”
Employers Apprehensive About The Imminent Rise In Their Healthcare Costs.
[Johannesburg, 7 September 2014] Employers across South Africa are apprehensive about the annual
increase announcements from the Medical Schemes, due in October. According to Toska Kouskos,
Head of Healthcare Consulting at NMG Benefits; “Most medical schemes will probably aim for single
digit increases of approximately 8-9%.”
New Medical Scheme Research Released: Answers And Yet More Questions For The Future Of South Africa’s Healthcare System
[Johannesburg, 5 September 2014] Medical schemes’ total spend on private hospitals in South Africa has decreased by 0.8% in real terms over the last year – a dramatic turnaround after years of significantly overshooting inflation. This and other instructive data was released this week in the Council for Medical Schemes (CMS) Annual Report for 2013/14.