Africa
Life companies among most valuable insurance brands
Axa, Metlife and Zurich have taken some of the top spots among the 100 most valuable insurance brands of 2018, but China is the most dominant country with its companies taking four of the top 10 slots.
Chinese conglomerate buys $52m stake in Brazil wealth manager
Chinese insurance and investment group Fosun has added wealth management to its operations after announcing it is to acquire a Brazilian wealth manager for $52m (£37.3m, €42.3m).
South Africa budget increases wealth tax
South Africa’s finance minister has announced an increase in estate duty from 20% to 25% for those with properties worth ZAR30m (£1.8m, $2.7m, €2.1m), a move a legal expert says will have a “significant effect” on the nation’s wealthy.
S Africa advisers want ‘cool heads to prevail’ post-Zuma
The resignation of South Africa’s embattled president Jacob Zuma is a positive step for the country’s economy, but advisers warn the change of guard does not guarantee success for the struggling nation.
Bitcoin to become ‘significant feature’ in modern day divorce
The rise of cryptocurrency, and in particular Bitcoin, means divorcing couples may use the currency to hide their wealth from one another, warns a family law expert.