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The week the circus of pain came to town – senior ANC...

The tone for the country’s political week was set by the testimony of investigator Paul Holden to the commission on Monday, 24 May – an endless recital of figures with astounding amounts of zeros, millions and millions of taxpayers’ money laundered through the Gupta washing machines. ....

Kwazulu Natal , South Africa , Richards Bay , City Of , United Kingdom , Camps Bay , Western Cape , South African , Zweli Mkhize , Jehan Mackay , Paul Holden , Alistair Franklin , Pieter Louis Myburgh , Gupta Saxonwold , Tom Moyane , Jacob Zuma , Jessie Duarte , Zizi Kodwa , Tony Yengeni , Dudu Myeni , Carl Niehaus , Malusi Gigaba , Justice Raymond Zondo , Steven Powell , Pravin Gordhan , Norma Mngoma ,

Investigation blows open alleged 'premiums misappropriation' insurance scandal


Investigation blows open alleged premiums misappropriation insurance scandal
13 May 2021 6:58 PM
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Investigative journo Pauli Van Wyk says four SA insurance giants have lost R944m in total by using Insure Group as intermediary.
An alleged insurance scandal has led to huge losses for at least four South African insurance giants.
A Daily Maverick investigation has found that Santam, Hollard, Old Mutual and Guardrisk lost R944-million between them due to the actions of intermediary Insure Group Managers.
Insure Group collected insurance premiums from customers and invested cash it was meant to pay over to the companies into its own illiquid, high-risk and ultimately loss-making assets writes Pauli van Wyk. ....

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