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The Power of Your LifeThe Sanlam Century of Insurance Empowerment, 1918-2018$

Grietjie Verhoef

Print publication date: 2018

Print ISBN-13: 9780198817758

Published to Oxford Scholarship Online: December 2018

DOI: 10.1093/oso/9780198817758.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 14 June 2021

(p.389) Index

(p.389) Index

Source:
The Power of Your Life
Publisher:
Oxford University Press

f refers to figures; t refers to tables

100-Plus policies127–9, 197–8, 223
200-Plus policies129, 197, 223
500-Plus policies223, 249
AA Mutual212
AA–S&P credit rating348
Abercom170t, 173
Aborigines Protection Society2
Abraaj Capital341
Absolute Return team346
Accidents Manager9, 18, 52
accountants13, 14, 37, 99, 106–7, 140, 158, 239, 241, 259, 276, 330–1, 354
accreditation53, 131, 136, 253, 305, 352
Achievement Orientation135
Acme coal mine112
Active Learning Programme315
actuarial
advice63
calculations221
clerks25
departments120–3, 126, 140
evaluation225
liabilities214–15
records121
reports36, 41, 227
science64, 65, 127, 140
services228
society292
staff121
statistics127
studies38
surplus76
systems231
training64n.64
valuations251
Actuarial Society of South Africa200, 231–2, 292
administration71, 118, 127, 196, 228, 240, 269, 308, 345, 348
business286, 305
costs130t, 131, 151
expenses21
functions306
of applications30
of Bestmed305
of estates19
of in-house schemes306
of medical schemes220, 305
of pension funds300
of retirement272
of Sanlam302
of shares122
platform253, 315
schemes132
services314
administrative
appointees30
clerks120, 122
costs37, 62t, 132, 148, 244, 245t, 358
efficiencies119, 124
functions121, 141
grades302
management24, 38, 147
needs21
productivity75
staff24
support310
Administrators16, 47, 120, 292, 305, 315
advertisements7, 24–5, 37, 57, 65, 67, 336
advisers107, 144, 242n.66, 247, 252–4, 259, 261, 275, 280, 285, 291, 314, 319
advisory
boards47–8
council157
panel185
powers43
report226
Aerochem109
affirming the roots269, 292
African Banking Corporation36
(p.390) African Explosives and Chemical Industries (AECI)346
African Homes Trust (AHT)33–4, 39, 57, 63–4, 67, 75–7, 88, 111, 131, 152, 184, 187
African Life (Aflife)33–4, 286, 288, 294–5, 316–17, 339
African Life Assurance41, 310
African National Congress (ANC)90, 154–5, 180, 269, 276, 308, 327
African Rainbow Capital (ARC)333, 353
African Rainbow Minerals328
Afrikaans6, 8, 11–12, 15–16, 21, 23–6, 29, 35, 49, 67, 72, 80, 99, 152, 242n.66, 252, 254, 256–8, 267, 300, 324
building society84
business43, 116, 276
civil servant community70
clients284
community27
companies12–13, 23, 37, 45, 263
culture11, 72, 80
economy114
enterprises71–2, 82, 175–6
institutions140
insurers263
language initiatives142
language movements7, 9, 11, 13, 72n.97
lawyers14, 53
life office117, 120
males138, 157
management165
mining114
nationalism6n.10
newspapers/press3, 8, 158, 161
policy documents67
policy-holders25, 85
political movement11
publishing house11
recruits204
reformed churches157
school67
society72
speakers3, 19, 21, 24, 27n.62, 37, 82, 140, 198, 203, 254, 257–8, 295, 350, 364, 366
teachers6
trade unions284
vocabulary72
Afrikaanse Christelike Vrouevereniging (Afrikaans Christian Women’s Association) (ACVV)141
Afrikaanse Handelshuis27
Afrikaanse Handelsinstituut (AHI, Afrikaans Chamber of Commerce)176
Afrikaanse Taal- en Kultuurvereniging (ATKV, Afrikaans Language and Cultural Association)8, 125n.95
Afrikanerbond4, 284
Afrikaner Broederbond83, 157, 284
AfroCentric Health306, 338, 350
AGA Holdings331
Agency Manager18, 23, 28, 30, 32, 36, 52, 55
agent network31, 33, 50, 54, 58–9, 72, 79, 94, 136, 139
agricultural
commodities42
co-operatives13, 82
districts57
economies3
economist270
machinery107, 171
prices17
products154
society51
union48
agriculture5, 56, 109, see also farmers
Alexander Forbes Large Manager Watch (LMW)347
Algemene Eksekuteurskamer (General Trust Company)13
Algeria317
Allan Gray346
Alliance13
Alliance Capital200
alliances113, 159, 183–4, 188–9, 247, 249, 287, 334
Allianz18, 330
Allied Powers50
Alternative Investment Academy (AIA)345
Alusaf181–2
Amalgamated Banks of South Africa (ABSA)178–80, 190, 192, 222, 233, 236, 238, 242, 250–2, 259, 263, 265, 270, 273–9, 286, 289, 291–2, 294–5, 306, 360n.64, 361, 361t, 365
Amalgamated Packaging Industries106
American
actuaries120
asset managers315, 346
computers120
insurers117
life offices120, 215–16
market326
penetration362
population362 see also United States
Amsterdam159
Anchusa170t, 171
Anglo African Finance312
Anglo American Corporation (AAC)113–14, 155, 164, 181, 183, 187–8, 346
Anglo American Life217
Anglophone African axis341
Anglophone mining establishment113
(p.391) Anglo-Transvaal mining group (Anglovaal)112, 114, 157n.3
Angola92
annuities98, 122, 125–7, 138, 194t, 199, 213t, 214, 220, 223, 285, 292, 315, 345–6
apartheid179, 205, 209, 224
applications19–20, 30, 32, 36, 55, 59, 68–9, 72, 75, 84, 122–3, 139, 152, 196, 246
Arab embargo91
Arab Spring314
armed forces6, 32nn.73–4, 85
Articles of Association15–16, 23, 25, 33, 82, 102, 234–5
Artisan315, 346
Asian financial crisis223–4, 236, 264
asset/liability ratio194
asset
acquisition326
allocation128
base97, 148, 169, 198, 273, 308
bonus127
classes76–8, 148, 346
distribution170t
grab224
growth86, 148, 177, 319
management231, 247, 249–50, 260, 263, 266, 313–14, 345, 347, 353, 359
managers199–200, 211, 249, 313, 315, 320, 346
ownership230
performance222
portfolio231
profile148f, 149f, 150f
requirements128, 159
structure111
swaps199–200, 224, 247
value104, 175, 181, 226, 238
Association for Savings and Investment South Africa (ASISA)341, 354
Association of Black Securities and Investment Professionals (Absip)280
Assurance Companies’ Act40
Attorneys Fidelity Fund346
Australia216–17, 226, 247, 315, 331, 363
Australian Mutual Provident (AMP)216–17, 224, 226, 234
Australian
experience192
financial services217
insurance company30, 54
markets217, 247
mutual life offices217
Austrian schools91
Auto New Business246
Autocast171
Automakers222
Automation and Mechanization (A&M)122–3
autonomous
business201, 271
clusters325
investments181
autonomy2, 6, 223, 228, 272, 333
Avis109, 175
baby campaign198
back to basics271, 285, 289, 294, 307, 311, 313, 366
bancassurance250, 274–7, 289, 292, 294, 308, 312, 317–18, 344
banking
activities161
business96, 160
crisis326
functions160
groups177, 192, 250, 276, 363
industry278, 345
institution160
interests159, 161, 173, 176
operations161, 271
scheme52
sector159–61, 222
services176, 318, 353
unit272
Banking Council of South Africa280
Bank of England101
Bank of Johannesburg159, 161, 176
Bankorp161, 169, 170t, 171, 173, 176–80, 222, 234, 250
Bankorp Management Services (Bankbes)176
Banks Act100, 160–1, 231n.46
Bantu Sport and Recreation Fund206
Barclays Bank192, 275–9
Barlows183
Bayerische Vereinsbank AG200
Beatrix gold mine165
Beisa uranium mine165
Beit Bridge/Bulawayo railway line260
Belgian Congo90
Bellville97, 111, 117–18
Belmed132
Berlin Conference1
Berlin Wall211
(p.392) Bertelsmann341
Bestmed305–6
Bethlehem30
Beveridge Report45, 66
big business113, 142, 145, 159, 161, 219, 334
bilingualism24–5, 29, 37, 56, 72, 164, 276n.9
Billiton158, 182, 313
black
advisers252
agents70
background27, 74
business188, 209, 218
businessmen188, 264, 275
clients207, 218, 285, 294–5
communities33, 186, 262, 284
companies184
corporations258
employees256, 300, 302–4, 321–2, 351
empowerment189, 256, 258, 261, 284, 322, 331, 353n.51
entrepreneurs184, 188, 354
expenditure184
government157, 184, 190, 225n.31
insurance company69, 184
labour154, 157
leaders2, 155, 182, 184–5, 189
majority92, 183, 225n.31
majority rule89, 158
management322
managers302, 345, 352
market182, 207, 258, 280, 290, 299–300
middle class195, 200, 214, 301
opposition92, 204
ownership187, 322, 355t
partners184
people2, 132, 158, 182–4, 186, 207, 256, 281, 322, 352
policyholders207
populations69, 70, 191, 300
school70
shareholders185, 187, 300, 320
students206
teachers70
trade unions205
unemployed154
youth market207
Black Advisory Panel185
Black Business Council280
Black Economic Empowerment (BEE)185–8, 190, 209, 210, 214, 234, 256, 258–60, 267, 274–6, 279–84, 298, 301–2, 304, 320, 345, 355, 360n.64, 361–2, 361t
Blairs College10
Blinkpan112, 114
Bloemfontein10, 12, 14–16, 27–8, 30–1, 47, 55, 57, 61, 80, 145
Board of Trade and Industry42
Boer(s)12
commandos10
forces48
Generals3, 6, 11
Republics1–2, 4, 10, 45, 278
Boere Saamwerk Beperk (BSB, Farmers’ Collaborative Organization)51, 82
Boers’ Carlton Centre196
Boland Bank246–7
bonds75, 77, 148
yields273, 327
Bonmed132
Bonus Beleggingskorporasie van Suid-Afrika Bpk (Bonuskor)97, 102–5, 111–12, 114–16, 123
bonuses26, 33, 35–6, 40, 58, 62t, 63–4, 66, 74, 86, 101–5, 121–2, 127, 129, 130t, 137, 151, 164–5, 199, 217, 219–20, 227, 233, 236, 253, 266, 302, 312
Border Asset Management314
Botswana146, 286, 317, 343
Botswana Life317
Bottom of the Pyramid (BoP)294
Bowman Gilfillan280
BP Chemicals109
Brandwag Insurance Company96
breadwinner35, 64, 70
Break-Thru Financial Services291
Bretton Woods89, 91
Brexit345
BrightRock338
Britain1–2, 5–6, 10, 17, 42, 45, 85, 91, 101, 160, 162n.14, see also United Kingdom
British Commonwealth38, 42, 45–6, 66, 90, 154, 157
British Empire2, 6
British High Commissioner2
British
Assurance Companies’ Act40
building societies234
colonies2, 4–5
commercial interests2
crown4
currency40, 121n.81, 360n.64
declaration of war6
Dominions6, 17
forces8
imperial ambitions1
imperial preference2
industry101
influence101
Institute of Chemical Engineers112
insurance industry21
life market216
life offices215
loyalists3
market363
(p.393) mining house164
mortality tables68
Parliament2
policial domination9
reconstruction1
supremacy6
tax law226
Broad-based Black Economic Empowerment (B-BBEE)281n.16, 282f, 322, 324, 329, 349, 351–2, 354, 355t
Broedertwis116, 167, 169
brokers128–9, 133, 196, 201, 203, 211, 224n.30, 239–40, 274, 288, 291, 305, 312, 343, 345, 350
agreement136
business137
channel138
community311
consultants136
distribution137, 139, 253
division310
initiative137
market137
networks252, 285
performance254
personnel138
revenues310
sales136–7
services138, 310
Broker Services138, 311
Broodsnydersplaats112–14
Browde Commission (Hoberman Commission of Inquiry)179
Buckles314
budgets91, 136, 139, 227, 294, 314
building societies83–4, 97, 101, 180, 192, 234
Bull and Bear Financial Services291
Burroughs Datatron120
bursaries7, 122, 127, 140–1, 156, 206, 241, 303, 354
Business Adopt-a-Municipality (BAAM)349
Business Bank249
business development managers (BDM, Besigheidsontwikkelingsbestuurders)254
Business Intelligence renewal discovery (Big Data) project337
Business Process Re-engineering202
Business Systems (BS)201–2
Buthelezi, Philiswe329
butterfly phenomenon58
Cameron Hume346
Canada135, 145, 160, 216
Canadian
life offices216, 234
management scholar230
Porter Commission160
cancer259, 301
Cancer Association of South Africa (CANSA)324
canvassing29, 40, 54, 253
Cape Afrikaner elite5, 11–15
Cape Colony1–4, 40–1, 45, 68
Cape Partners260
Cape Peninsula152, 204
Cape Province2n.4, 16, 30–1, 37, 42, 47–8, 55, 57–8, 141
Cape Provincial Administration66, 142
Cape Provincial Council48
Cape Technikon241
Capital Adequacy Ratio (CAR)221, 227, 244, 265, 309, 343, 358
Capital Alliance287, 331
Capital Fund237–8
capitalism1, 12, 89
capitalist
economy1
entrepreneurial ideals82
Western nations89
Capitec Bank294, 317
Capp Care221
Carlton Centre196
Carnegie Commission79, 367
Carnegie Foundation79
Cash Bank260
cash management trusts (CMT)247
Central Acceptances Ltd159
Central Retirement Annuity Fund (CRAF)126, 199, 292
Centre Asset Managers315
Certified Financial Planners352
Champions108–9
Channel Life288, 294, 310, 317
Charter and Code of Ethics297
Chartered Accountants Medical Aid Fund (CAMAF)305–6
chartered accountants, see accountants
Checkers172, 174
chemical companies/conglomerates108–9, 169, 346
childbirth/maternity70–1, 348
(p.394) children11, 31, 35, 64, 70, 82, 103, 127, 141–2, 200, 262, 301, 324, 348
Chinese demand326
church8, 25, 142, 157
congregations141
groups188
leaders79
meetings11, 79
organizations153, 317
CIH (Namibia)318
Ciskeian territories3
Citibank of New York275
civic duty46
civil
citizenship207
government214
military rule90
protests90
right49
servants70, 195, 214, 305
society294
wars89–90
claims16, 21, 36–7, 40, 62t, 68, 130t, 132, 196, 199, 201, 221, 227, 232, 240, 283, 305, 339
Client Contact Centre304–5
Client Relationship Management (CRM)246
Closed Book287, 339
Club 2160–1, 63, 71–2
coal mines/mining112–16
Cobalt304
Code of Conduct144, 297, 334
Code of Corporate Practice243
Code of Corporate Practices and Conduct297
Code of Ethics297, 321
Code of Management Practices256
Code of Practice256
Cold War89
collaboration2, 56, 59, 71, 80–1, 109, 114, 134, 177–8, 224, 250, 274–5, 277, 293–4, 302, 307, 312, 323–4, 337, 340, 352, 362
collective71
action100, 237
Afrikaner business111
effort5, 20, 44, 80, 271
entity66, 147
identity70
investments314
knowledge22
self-empowerment183
team spirit63
colonial9, 90
insurance statutes40
legacy208
powers1, 362
Colonial Mutual30, 54, 57–8, 166, 217, 234
colonists4, 17
coloured
agents33, 252
applications69
business34
chauffeurs255
children142
communities33, 88, 140, 158, 184, 262
deaths68
leaders2
market67, 152
messengers205
people43, 67, 69, 88, 132, 152, 205, 256, 352n.49, 364
policyholders207, 218
population3
staff members205
students206
teachers69, 142
Columbus181
Commed220
commerce1, 4–5, 263
commercial
approach130
banks101, 106, 134, 159–61, 278
benefits258
buildings60n.53
business27
centre117
decision22
enterprises101, 103, 131
environment4
exchange1
finance159
initiative96
insurance347, 349
interests2
sector263
undertakings104
value8, 230
Commercial Marine and Fire Assurance Company17
commission (monetary)21–2, 58, 83, 96, 112, 115, 122, 135–8, 199, 231, 244, 253, 320
Commission of Inquiry into Monetary Policy99, 100n.28
(p.395) commitment33, 60, 84, 101, 209, 240, 260, 267, 273, 277, 284, 290, 300–2, 304, 319, 321–3, 338, 355
Committee of Management21–2
commodity prices89, 191, 290, 326
communication1, 28–9, 60, 71, 102, 118–20, 123, 155, 161, 166, 177–8, 200, 235, 243, 254, 257–8, 262, 277, 284, 290, 308, 321, 323, 325
Communist Party of South Africa90, 185
Community Building Fund260
Companies Act16, 82, 231n.46, 297, 356
competition17, 32, 58–9, 63n.57, 71, 76, 99–100, 134, 136–7, 142, 178, 192, 202, 211, 214, 219, 229, 236, 274, 285, 312, 320, 337, 339, 340, 356, 366
Competition Commission262, 286
Competition Council178
competitive
advantage34, 66, 129, 259, 287, 328, 368
bonus rates165
environment124, 236, 253, 270
industry30, 38, 313, 348, 358
markets17, 37, 59, 83, 111, 118, 124, 126, 133, 215, 229, 340, 350, 356, 359
products51, 248, 316
competitiveness42, 64, 75, 94, 117, 230, 309, 313, 330, 339, 368
competitors15, 16, 22, 33, 36–7, 50, 58, 75, 85, 87, 126, 133, 138, 160, 172, 185, 199, 217, 224, 236, 247, 253, 280, 286, 311, 313, 341, 357
Comprehensive Anti-Apartheid Act154
computerization121–3, 132, 141
computers119–24, 127, 129, 132, 138, 140, 145, 151, 154, 162–3, 196, 201, 220–1, 224, 253, 303, 331, 352, see also electronics
Condura222
conflict of interest163, 310
Congress of South African Trade Unions (COSATU)237, 354
Consumer Price Index (CPI)150f, 151f, 191, 202f, 212
Consumer Price Index Excluding mortgages (CPIX)149, 212
copper mining108
Coris Capital315
Corporate Africa186–7
Corporate Africa Holdings186
Corporate Africa Investments (CAI)186
corporate social investment (CSI)206, 209, 261–2, 280, 284, 293–4, 299–301, 308, 323–5, 353–4
corporate social responsibility (CSR)139, 142, 206–7, 260, 351
country specific advantage (CSA)316, 357
credit160, 180
business288, 312
capabilities308
crisis326
extension177, 354
institutions101
mandate346
markets78, 95, 345
policy101
products311
rating255
rating348
screening21
services318
Credit Bank161
creditors16, 173
Crentz10
currencies40, 42, 92, 121n.81, 164, 167, 247, 327, see also decimalization
customers217, 242, 251, 263, 271, 308, 320–1, 326, 338, 345, see also clients
Cyprus326
Dagelijks Bestuur21–30, 32, 36, 38, 49, 52, 55
Dakar155
Dalsig Investments Ltd220–1
Davis Commission178n.68, 180n.73
Day of the Covenant50
De Aar29, 37
De Beer case292n.32, 293
De Beers Industrial105
debentures77, 83, 98, 101, 103, 108, 111, 142, 148f, 149f, 150f, 174
Debis255, 257
debit order121–2
decentralization123, 143, 171, 196, 223, 246, 256, 273, 291, 303, 319, 333, 350
decimalization121, 151, see also currencies
decolonization88–9
defeat4, 10, 41n.7, 172, 174, 303
democracy90, 171, 204
democratic
elections90, 155, 179, 193, 210, 212
political order269
self-government1
state90
transformation299
democratization1
demographics/demography3, 169, 182, 198–9, 205, 222, 257–8, 298, 300n.50, 302, 308, 321, 329–30, 337, 340, 352, 359, 367
(p.396) Demutualization Levy Act236
Demutualization Proposal Information Memorandum235
Demutualization Trust (DT)235, 239–40, 283
De Nationale Pers7–8, 11, 13, 15, 29, 32, 45, see also Nasionale Pers
Department of Census and Statistics94
Department of Cooperative Government (DCoG)349
Department of Home Affairs240
Department of Labour302
Department of Trade and Industry (DTI)280, 320, 322, 324
Departments of Education66
depression5, 40–2, 65–6, 69, 71, 89
De Protecteur Brand en Levens Assurantie Maatschappij17
deregulation39, 91, 93, 156, 192, 197, 211, 212, 216, 222, 252, 270, 350, 356
Deutsche Bank275, 280, 343
Deutsche Länderbank163
Deutsche Mark167
Deutsche Securities266
developed countries89, 269
developing countries89–91
Development Fund209, 260
De Villiers family3–4
De Waal family3
De Wildt6
DiData255
Diebold Research Programme123
Direct Axis272, 304
disability46, 129, 229, 256–7, 304, 339
benefits35, 69, 71, 85, 236
claims62t,130t
cover197
insurance213t
Disabled Children’s Action Group (DICAG)301
disasters169, 172, 249
discrimination154, 256, 284
diversity170–1, 256, 258, 281, 286, 298, 300, 302, 308, 321, 329–30, 350
domestic
assets77
banking160
business77
capital investment151
companies100
control of banks278
corporations154
credit market95
demographic changes367
economic development9, 81
economic growth78–9
economy22, 39, 61, 97, 102–3, 109, 147, 269, 280, 366
environment145
growth92, 101, 248, 340, 346
industries40, 42, 68, 79, 82, 105, 133, 235, 358
life office147
markets17, 41, 44, 146, 229, 233, 287–8, 290, 296, 334, 340, 347, 350, 357, 359, 368
mass protest154
opposition90, 365
output191
politics42, 92, 155, 222, 269, 362
risks236
short-term insurers97
stability193
unrest92, 123
volatility148, 197, 269, 362
donations139–40, 142, 179, 206, 283
Dorman Long Africa105
Dresdner Kleinwort Benson226, 232
drought8, 40–1, 57
Dublin249, 287, 291, 331
Dublin Fund249
Dunning OLI model316, 327
Durban29, 48, 61, 92, 136, 196, 310
Duros/Tollgate Group179
Dutch
colonists17
entrepreneurs3
immigrants13, 15, 53
instruction11
language12, 72
newspapers7
peoples4
public medium7
subsidiary248, 291
Dutch Reformed Church (DRC)9, 11, 13, 48, 53, 79–80, 142, 204–5
earnings76, 101, 108, 137, 164, 175, 180–1, 222, 229, 232t, 233, 243–4, 245t, 248–9, 265, 306–7, 309–10, 319, 358t
growth75, 177, 334–5
Eastern Cape3, 152, 204, 310
Economic Advisory Council157
Economic Institute of the FAK81, 83
economic
conditions41–2, 57–9, 96, 191, 270, 276, 289, 301, 319, 362
development2, 39, 43, 81–2, 189, 237
environment44, 79, 183, 210, 368
growth40, 57, 78–9, 89–91, 127, 148, 190, 289, 300, 319, 327, 346
(p.397) inferiority50
nationalism42
policy155, 158–9, 161, 327
recovery40, 41, 269
Edinburgh38, 94
education4, 11, 25, 35, 44, 46, 48, 50, 61, 64, 66, 79–80, 82, 90, 103, 123, 139, 141–2, 152, 206–7, 257, 262, 294, 322–3, 352–3, 355t
bursaries7
opportunities209, 256
programmes200, 301–2, 324, 354
Edworks Ltd105
Egypt317
Eight Investment Partners315
Ekonomiese Volkskongres (EVK, Economic Congress of the People, or Volkskongres)80, 93, 97, 100, 107, 110, 175, 364
electricity46, 326
electronic data processing (EDP)123
electronic funds transfer (EFT)122
electronic imaging202, 221
electronics121, 144, 170, 188, 201, 263, 303, 311, see also computers
Ellerines171
embedded value (EV)238, 244, 255, 265–6, 273–4, 290, 293, 295–6, 306, 309, 312, 319, 358t, 359
employee benefits66, 133, 139, 145, 152, 194, 213, 228, 241, 244, 258, 271, 280, 285–6, 289, 291, 300, 308, 314, 346
employers96, 120, 146, 193–4, 214
employment8, 14, 26, 54–5, 69, 73, 89, 94, 107, 134, 154, 158, 195, 199, 205, 214, 279, 284, 301, 322, 354
categories79
composition209
conditions210
creation44, 103, 173, 176, 189, 262, 294
equity (EE)209, 256–8, 261–2, 267, 280, 284, 298, 301–3, 321, 322t, 351–2, 354, 355t
expectations182
opportunities9, 11, 72, 260
organization136
practices352
profile321
security193
structure304f
targets303
Employment Equity Act257, 302
Empowerment Equity Fund224
empowerment group leader (EGL)280, 282
Encoresa291
Engen181, 182n.81
English
business106, 145
businessmen114
capital85, 112, 159, 196
client base67
companies/firms10, 53
industrialists42
institutions140
language6, 11, 21, 23, 25, 35, 54, 72n.97, 144, 218, 258
markets145
newspapers7, 116, 209
people4, 13
press116, 133
sermons13
speakers37, 72
universities140
English-speaking
agents31, 32, 252
businessmen179
colonists4
interests27
jurist48
leadership155
market139
people3, 15, 19, 27n.62
policyholders42, 95, 152, 204, 207, 300
population6, 39
scholars141
settlers2
South Africans67, 87, 95, 126, 198, 364
Enron297
Enterprise Group343
entrepreneurial
activity46
Afrikaners112
ambition9
culture325
development354
employment creation294
empowerment81
endeavours91
ideals82
machine181
opportunism/opportunity5, 10, 64, 110
ventures7
Entrepreneur of the Year Award324
entrepreneurs3, 5, 10, 22, 34, 81, 94, 106, 112–13, 184, 188, 197, 260, 324, 354
entrepreneurship4, 84, 94, 110, 206–7, 262, 301, 322, 353, 366
entry-level market (ELM)199, 284–5, 288–9, 294–5, 308, 310, 316–17
equal opportunities (EO)183–4, 190, 209
Equitable Life217
(p.398) equities78, 95, 102–3, 129, 148, 200, 289, 313
Equivalence of Reward137–8
Ernst & Young234, 342
Eternity Private Health Administrators305–6
European Central Bank326
Executive Back-to-School projects324
Executive Committee (Exco)21, 48, 52, 188, 241, 248, 254, 258, 264, 271, 273, 315, 332–3, 348, 351
Faculty of Actuaries38, 53, 120, 141
Family Income Policy66
Family Protection Policy66
farmers12–13, 18, 32, 56, 107, 260, see also agricultural, agriculture
Fedchem108–9
Federal Fertilizer109
Federal Investment Corporation (FIC)107–8
Federale Lenings- en Assuransie Maatskappy (FLAM, Federal Loan and Insurance Company)108
Federale Mynbou (Fedmyn)104, 108, 115–16, 157, 162–3, 165, 167–70, 182n.81
Federale Mynbou Beleggings170
Federale Mynbou Beperk180
Federale Nywerhede Beperk (Federal Industries Limited)108
Federale Trust99
Federale Volksbeleggings (FVB, Federal People’s Investments)81–5, 97, 99–100, 103, 106–16, 123, 133, 159, 162, 169–71, 173–6, 187, 189, 234, 279
Federasie van Afrikaanse Kultuurvereniginge (FAK, Federation of Afrikaans Cultural Associations)80–1, 83, 106n.44
Fedfood175, 189
Fedics158, 175
Fedmech171
Fedservices175
Fedsure331
Fellow of the Faculty of Actuaries (FFA)38, 53
Ferroform171
Fichardt Estate10
Fidelity Bank249
Finance Corporation for Industry101
Financial Advisory and Intermediary Services Act213
Financial Advisory and Intermediary Services (FAIS)310, 320
Financial Institutions Act231n.46
Financial Intelligence Centre Act213
Financial Intermediaries Association of Southern Africa349
Financial Journalism Awards324
Financial Markets Control Act231n.46
Financial Planning Institute (FPI)252
Financial Sector Charter (FSC)280–1, 284, 298, 301–2, 322, 324, 351–2, 354, 355t
Financial Services Amendment Act192
Financial Services Board Act212, 231n.46
Financial Services Board (FSB)203t, 212, 251, 252, 274, 276, 320, 339
Financial Services Charter329
financial services company (FINSECO)215, 241, 255, 261, 265, 268, 270–1, 297, 309, 312, 341–2
financial soundness valuation (FSV)232
Finplan129
Finpro financial analysis program201, 246
Firestone175
First Bank of Nigeria317
First Bowring & Associates223
First National Bank192
First Rand Group192, 312
Fitch international ratings agency327
Flemings Inc232
foreign capital3, 85, 92, 105, 291
Four Capital315
Fourth Industrial Revolution337
Frankfort32n.74
Franszen Commission100
Fraserburg14
Free State3, 10, 12, 14, 20, 47–8, 56, 58–9, 70, 83, 286
Free State Board of Executors56–7
Free State Teachers Association66
Free State Trust Company56
Freedom Radio154
Friendly Societies Act130
Fundamo (Pty) Ltd291
Funeral Proprietary Ltd76
Further Education and Training (FET)303
Gabriel175
Genbel181, 182n.81, 190, 313
Gencor Holdings180, 181–2
General Accepted Accounting Practice (GAAP)232–3, 238
general access concept253
General Accident Company14
General Accident, Fire and Life Corporation Ltd53
General and Accident Insurance Company18
General Court21
General Instructions to Agents and Tariff Book55
General Mining (Genmin)108, 163–5, 180–1
Gensec Asset Management228, 250
Gensec Bank248, 250, 266, 274, 279
Gensec Properties274, 291
German
colony6
community25
entrepreneurs3
paper producer181
Germany6, 10, 85
Ghana286, 317, 343
Gini coefficient191
GKN173
Glacier304, 310, 314, 338–9
Glacier International314
Glen Anil161
global financial crisis (GFC)269, 309, 312–13, 318–19, 326, 360
Global Reporting Initiative (GRI)355–6
globalization39, 89, 192, 248, 335, 343–4, 356–7, 367
Godlo67
Goeie Hoop Koshuise (GHK, Good Hope Hostels)142
gold182, 200
company182
exports5
mining42, 116, 163–5, 181, 275
prices42, 92, 154, 164, 191
standard21, 41–2
Gold Eagle award137
Gold Fields of South Africa (GFSA)163–4
Goodall & Williams76
Gordon Institute of Business Science (Gibs)352
governance21, 28, 176, 190, 212, 271, 279, 288, 297–8, 317, 321, 326, 330, 334–5, 341, 344, 355–6
Government Employees Medical Scheme (GEMS)305
government
securities77–8, 101, 128
stock36, 76–7, 86, 99, 178
Graaff family3
Graduate Internship Programmes352
Grand Jury Award301
Graviton Retirement Planning Services345
Greece326
Greenshoe239
Grindrod Unicorn Group241
Griqualand East59
Groot Trek (Great Trek)45, 203, 364
centenary celebrations50, 80
gross domestic fixed investment (GDFI)211–12
Group Embedded Value312
Group Equity Value307, 309t, 319, 334
Group Executive Committee272–3
Group Holding Company146
group schemes152, 289, 331
Guarantee24 facility224
Guardian National Insurance (GNI)262–3, 270, 347
Hannover Papier181
Hanover district29
Happy Home for Disabled Children301
Harmony Gold Mining275
Harvard Business School144, 231
Harvard Business Statesman of the Year157
Head 21 (Tinie Louw)60–1
headline earnings232t, 233, 243–4, 245t, 249, 265, 307, 309, 319, 358t
health29, 67, 73, 130, 168, 206–7, 269, 294, 298, 301, 305, 317, 339, 341, 343
insurance16, 130, 213t, 286, 338
healthcare220–1, 228, 236, 245t, 262, 305–6, 312, 338, 341, 350, 353
Heath Commission of Inquiry177n.66
Helpmed132, 220
Helpmekaar Studiefonds141
Helpmekaarbeweging (Mutual Aid Movement)7, 9–12, 14, 82
Hersov family114
Hertzogite group27
H. Gibson & Son37
High Court22, 82, 234–5, 238–9
Highveld region31
Highveld Steel and Vanadium181
Hitchens Investment Management249
HIV/Aids200, 236, 301, 324, 354
Hoberman Commission of Inquiry (Browde Commission)179
Hoërskool Jan van Riebeeck67
Hong Kong315
Hong Kong Shanghai Banking Corporation (HSBC)275
Hoofbestuurder51
Horingkrans112–14
Hospital Employees life scheme125n.95
House of Assembly14, 82, 90
HSD Diamond system221
human
resources95, 143–4, 169, 171, 183, 298, 308
Human Performance System184
Human Resources Committee227
Human Sciences Research Council275
Humansdorp29–30
Hume Pipe105
IBM120–3, 183
idealism45, 106, 364
Ideal Policy64–6
IMF (International Monetary Fund)92
(p.400) Imperial Cold Storage83, 105
Income Protection Policy66
Income Tax Act125, 231n.46
Indexplan129, 197
India89, 248, 289, 305, 316, 318, 326, 329, 332, 334, 340–1, 346, 357t, 360n.64, 361–2, 361t
Indian
applicants69
communities140, 262
economy318
leaders2
markets289, 318, 359
people68, 152, 352n.49
policyholders207, 218
population3, 240
students206
traders110
Industrial and Commercial Finance Corporation101
Industrial Development Corporation (IDC)109, 115n.66, 157, 185–6
Indwe140
influenza27–8, 30–1, 34, 36, 54
Ingwe182
Innofin247, 272, 285, 288, 291, 304
Inspection of Financial Institutions Act231n.46
Inspector of Education48
inspectorates59
Institute for Business Cycle Research159
Institute of Chartered Accountants of Ireland331
Institute of Chemical Engineers112
Institute of Life and Pension Advisers (ILPA)252
Insurance Act38n.96, 40, 76–8, 83, 85–6, 88–9, 105, 127, 148, 212, 231, 234
Insurance Amendment Act93
Insurance Second Amendment Act231
Insurance Sector Education and Training Authority302
Insurance Sector Training Authority (INSETA)352
Insurope146
intellectual capital82, 157, 248, 327n.2, 351
Interhold173
Interleisure175
internal rate of return (IRR)190
internalization316, 327n.2
International Accounting Standards Board244
International Bank of Johannesburg176
International Federation of Voluntary Health Service Funds132
International Finance Corporation (IFC)341–2
international financial reporting standards (IFRS)290, 296n.43, 309t
internationalization229, 247, 248–9, 263, 273, 291, 308, 315–16, 337, 340, 344, 356–7, 366
International Quality Award135
Investec266, 331
Investec Asset Management313
Investec Bank331
Investment Core345
Investment Series129, 197, 223
investors106, 125, 128, 173, 186, 214, 224, 231, 233, 235, 237, 243–4, 246–7, 255, 263, 266, 269, 278, 285–7, 289, 291, 299, 346, 348
Iron and Steel Allied Industries Union125n.95
Iron and Steel Corporation of South Africa (ISCOR)125n.95
ISABEL client management system201
Isle of Man315, 346
Jameson Welding Works108
Jan Feenstra Shield (Silver Shield)58
Japan145
Jersey247
Jewish entrepreneurs3
Johannesburg9–11, 29–33, 52, 59, 61, 65, 76, 107, 110–14, 138, 158–9, 161, 167, 196, 275, 310, 324, 331
Johannesburg Consolidated Investments (JCI)187–8
Johannesburg Securities Exchange (JSE)91, 102, 105, 116, 160, 173, 178, 190, 211, 230, 232, 234, 238–9, 244, 263, 276, 289, 295–8, 359
Johannesburg Stock Exchange102, 104, 175, 230, 232
Johnnic188, 260
journalism/journalists2, 176, 236, 324
Jowell Glyn Marais280
J. P. Morgan280, 343
Kakamas31
Kanhym172
Karoo57
Bo-Karoo29
Groot Karoo29, 31
Kenya286, 317, 326–7, 344
Keynesian
economics91
macro-economic orthodoxy93
Keynesianism89
Kganya Insurance Company317
Kimberley27–8, 49
Kimberly City Council49
(p.401) Kimet173
King Reports on Corporate Governance (King I, King II, King III, King IV)212, 297–8, 309, 330, 355–6
Kirsh Group (KTC)173–4
Kirsh Trading Group172
Kirsh Trading–Russells171
Klein Aub Copper Mine108
Klerksdorp159
Klipfontein Collieries112–14, 116
Klipfontein Organic Products108
Klippoortjie mine112, 114
Koerikai255
Kohlers family3
Koöperatiewe Wynbouers Vereniging (KWV, Wine Farmers’ Co-operative)48
Koornfontein mine112–14, 116
Korporatiewe Maatskaplike Betrokkenheid (KMB, Corporate Social Responsibility)184, 206, 299
Kriel & Company107
Krige family3
Kunene Finance260
Kwa-Zulu Natal (KZN)240, 310
Laaiplek Visserye108
Labour Party41, 49
Ladismith53
Ladybrand10
Ladysmith48
Land Act42
Latin America91
Law Society of the Free State57
Lebanon342
Lesotho146, 286
Lesotho Highlands Water Project260
liabilities16, 36, 64–5, 70, 77, 99, 101, 105, 161, 194, 195t, 213–15, 219, 221–2, 230–3
LIAM64n.64
liberal
accounting177
capitalism1–2
economic policies5
leadership155
market freedom211
market orthodoxy91
markets91–2
monetary policies192
views157
liberalization1, 76, 91, 192, 326, 367
libertarian right91
Liberty192, 211, 219, 250, 253, 266, 292, 307, 365
Liberty Group192, 331
Liberty Life133, 211, 236, 276, 293, 295, 304
Lichtenburg47
Lid Identifikasiestelsel (LID, Member Identification System)201
Life Assurance Act41
Life Assurance Management Association (LAMA)134
Life Assurance Office87
Life Insurance Act71
Life Insurance Agency Management Association135
Life Offices Association (LOA)41, 68, 85, 137, 166, 200, 224, 252–3, 280, 292n.32, 293
Linked Investor Service Provider (LISP)314
logos73–4, 261, 299, 369f
London2, 10, 67, 96, 111, 164, 228, 231, 249, 275, 315, 359
London and Lancashire Insurance Company13, 18
London Stock Exchange182
long-term
business41, 75, 229
focus129
growth101, 107, 258–9
industry86, 363
insurers71, 224, 251, 312, 364
investment92
life assurance17, 269
life business38
life funds16
life industry68
life market359
planning146, 171, 187
premiums212
products138
projects332
prospects106
relationship163
return243
stability156
strategies156, 344
transformation257
value294
vision183
Long-Term Insurance Act212, 226, 231, 234
Long-Term Rate of Return (LTRR)243
Lord Mayor of London96
Low Grade Ore Commission112
Lusaka155
Macmed249
Macquarie Bank247
macro-economic
orthodoxy93
policies91–2, 159, 326, 365
stability89, 159, 193
Magnis170
Maitland33
Malawi317–18
(p.402) Malaysia248, 318, 326, 332, 334, 340–1, 344, 357t, 359
Malbak170t, 171, 173–5, 180, 182n.81, 189
Malbak/Protea Group169
Malcomess171
Malhold173, 181, 182n.81
Manager of Agents55
Marine Products108
Market Value Series129
Marketing Sanlam survey299
Markinor Top Brand survey349
Martin & Company174–5
Masawara PLC343
Massachusetts Institute of Technology (MIT)112
Massey Ferguson107, 109
McKinsey memorandum251
medical
aid130n.113, 131–3
assistance132–3
examinations55, 65, 199
expenses46, 338
expertise23
insurance130–2, 145, 220, 342
policies65
procedures46, 71, 139
schemes130–2, 220–1, 305–6, 320, 338
school140
Medical Officer of Health68
Medical Schemes Act220
Medscheme132, 257, 263, 305–6, 338
Megkwot quoting system201
Melamet Commission of Inquiry212
Memorandum of Understanding (MOU)274, 277, 280, 353
Mercabank159, 161, 176
Merchant Investors Assurance (MIA)272, 286, 287, 291, 312, 314
Mercury Asset Managers199
Messina170–1, 173
Metlife185–9, 209, 258–9
Metlife Investment Holdings (Methold)185–7
Metropolitan192, 295
Metropolitan Homes Trust170t, 171
Metropolitan Life (Metpol)160, 184–5, 258
Mexico91
Michel & Bowman112
Middle East91, 342
MiLittleLife348
minerals3, 42, 154, 181
Minister of Foreign Affairs47, 53
Minister of Justice47
Minister of Lands47
Minister of Native Affairs47
Minister of Railways and Harbours47
Minister of Trade and Industry181
Mintzberg manager268
MiWay307, 311, 339, 347–8
modified statutory valuation (MSV)232
Momentum Life Assurance Company192, 219, 250, 266, 286, 312
monetary
assistance5
policies92–3, 99, 176, 191–3, 326
prize32
rewards58
sector161
stake254
system93
MONITOR system122
Moorreesburg30
Morkels109, 171
Morocco341
mortgages19, 33, 75–7, 78, 81, 84, 96, 98, 101, 105, 120, 122, 139, 144, 148–9, 192
motor vehicle insurance96, 342, 349
motor vehicles/automobiles31, 96, 156, 174
Mowbray10
Mozambique92, 343
Mpumalanga Province275
MTN186–7
Multi Data123, 205, 238f, 272, 286, 291
Munich155
MunichRe330, 332, 348
Municipal Employees life scheme125n.95
Murray & Roberts169, 171, 173–5, 189, 241, 276
mutual aid societies130n.113
mutual life insurance23, 198
Mutual Life Insurance Company of New York133
MyChoice funeral policy339
NAIL/Sankorp voting pool187
Namaqualand57
Namibia6, 59, 86, 132, 263, 272, 286, 288, 291, 317–18, 343, 358
Namibian Stock Exchange230, 238–9
Nasionale Pers (Naspers)24, 45, 158, 241, see also De Nationale Pers
Natal2–3, 48, 55, 57–9, 196, 240
Natal Canvas105
Natal Colony1–2
Natal Provincial Council48
Natal Volunteer Corps48
National Bank of South Africa36
National Bank of the former Zuid-Afrikaansche Republiek278
(p.403) National Chemical Products (NCP)109
National Convention2
National Credit Act320
National Disability Company Award304
National Empowerment Consortium (NEC)188, 260
National Empowerment Corporation260
National Health Service Commission45
National Housing Finance Corporation260
National Institute for Personnel Research (NIPR)134
National Insurance Bank of Rotterdam64
National Medical Aid Society of South Africa (NMASA)130–2
National Mutual58
National Mutual Life Association217–18
National Mutual Life Company217
National Party (NP)6, 8, 11, 14, 18, 27, 32n.74, 41–2, 47–50, 70, 85, 90, 92, 96, 154, 203, 224, 367
National Union of Mineworkers354
nationalism2, 4, 6–9, 11, 14, 18, 22, 24, 37, 40, 42, 45, 47, 50, 72, 79, 87, 90, 117, 119, 203, 290, 364–5
nationalization181, 224, 229
Native Representation Act43
Natives Land Act2
Nedbank159, 353
Nedbank Group192
Nedcor291
Nehawu282
Nelson Mandela University354
Nene debacle327
Netherlands64, 91
Netherlands Bank for South Africa36
New Africa Investments Limited (NAIL)187–8, 258–9
New Business (NUB)55, 201, 241, 264
New Channel318
New Dawn196, 252–4
New Dawn Phoenix254
New Farmers260
newspapers/periodicals/journals6, 24
Africa Insurance Record75
Bloudruk (Blueprint)204, 257, 261
Brandwag67
Business Day Investors Monthly345
Cape Times12, 209
Dagbreek67
De Burger7, 11, 15, 19, 47, 49, 71
De Nationale Pers7–8, 11, 13, 15, 29, 32
De Volkstem5
Die Burger67, 158
Die Fakkel25, 50, 61, 71–4, 85, 118, 203–4, 261
Die Hervormer67
Die Huisgenoot67
Die Kerkbode67
Die Kerklike Skoolblad67
Die Sanlam Fakkel118, 204
Die Unie67
Die Vaderland67
Die Volksblad67
Die Volksgenoot67
Die Volkstem5, 67
Finance Week172
Financial Mail108, 233–4
Government Gazette138, 310
Harvard Business Review308
Het Westen (Het Volksblad)5
Investors Monthly345
Landbouweekblad67
Ons Land5, 7, 15, 67
Ons Moedertaal5
Sandaba261
Sanlammer204, 261
South African Mining and Engineering Journal116
The Cape27
The Friend10
The Manufacturer133
The Sowetan187, 186
The Star9, 37
The Sunday Times116, 133, 172, 174
Volkshandel67
Nexus Financial Services301
N. H. Motlana and Sons (Pty) Ltd185
NICO Group317
NICO Vida344
Nigeria91, 317, 326–7
Nissan132, 169, 172–3, 220, 222
Nitac/PQ Africa260
Nola Industries108
non-profit organizations (NPO)64n.64, 323, 354
North Carolina Mutual Life Assurance Company69
North-eastern Cape31
Northern Cape29, 57, 59, 86
Norwich demutualization226
Norwich Life331
Nozala260
Nucleus314
Nylstroom140
Octane Management272, 291
Office of the Registrar220
offshore182, 296, 365
holding company291
investments199, 249
ownership244
shareholders306, 367
transfer164
oil89, 91–2, 108, 154, 160, 180, 326
O K Bazaars105
Old Mutual27, 63n.57, 70, 234, 360f, 365
Old Mutual Life Office98
Ombudsman317
On Time Chauffeur Services255
(p.404) One Door Opener197
One Policy197–8, 200, 338
One Policy for Two200
OPEC (Organization of Petroleum Exporting Countries)91
OptiRand223–4
Optivest305
Orange Free State (OFS)10, 16, 18, 20, 23, 30–2, 37, 55, 57, 69, 196
Orange River Colony (formerly the Republiek van de Oranje Vrijstaat)1, 5, 10, 45
Orangia Unie10
ordinary least squares (OLS)360
Oryx181
Ossewa Brandwag (OB, Ox Wagon guard)47, 50, 85
Out of the Blue Creative Communications255
Paarl10, 23, 29–30
Pacific and Orient Malaysia317
Pact Government41n.7, 42, 47
PAM Cloete14
Pan Africa Insurance Holdings344
Pan African Life317
Pan Africanist Congress (PAC)90, 155
Pan-African financial services335
Parliament Portfolio Committee on Finance292
Parmalat297
Partnership for Risk and Resilience (P4RR)349
paternalism72, 118
Pensioenmakelaars (pension brokers)128
pension
benefits146, 195
brokers128
provision65, 125
schemes65–6, 70, 78, 126, 153
Pension Fund Administrator (PFA)292
Pension Funds Act125, 231n.46
pensions46, 121, 346
Pepkor Group174
PERSAL258
Petersen109
Phoenix companies253
Pick’n Pay174
Pinebridge East Africa343
platinum164, 182
mining337–8
platteland (rural areas)28–31, 57–8, 60, 72, 140, 241, 286
Plessey170, 173, 188
Police Staff Association125n.95
Porter Commission160
Post Office Employees life scheme125n.95
Postmaster General125
Potchefstroom31–2, 114
poverty5, 8–9, 11, 22, 43, 79–80, 141, 364, 368
Powers-Samas75, 119–20
PQ Africa255, 260
Pregnancy Clause70
Premier Metals170
Pretoria13, 15, 28–9, 31–2, 48, 50–2, 65, 76, 94, 102, 110, 302, 310
Price Forbes175
PriceWaterhouse331
PricewaterhouseCooper (PwC)234, 349
Prime Growth249
Prison Services Employees life scheme125n.95
Private Securities Group (PSG)288, 317
Professional Guidance Note231
Professional Provident Society (PPS)125n.95, 126, 199
Project Alexis251
Project Gliese312
Project Helix307
Project Moon259
Project Nile341
Project Qaphela354
Project Re-Imagine338–9
Project Sapphire352
Project Sunrise228
Promotion of National Unity and Reconciliation Act208
Protea171
Provider249
P-Solve249
Public Investment Bureau160
Public Investment Commissioner (PIC)260, 320–1, 345
Public Servants’ Association125n.95
pumpkin card122
punchcard equipment119–21
Punter Southall249, 287
Punter Southall Group314
Queenstown70
racial segregation2, 42–3, 154–5, 158, 204–6, 208–9
radio, see television/radio
Railways and Harbours47, 157
Rand Afrikaans University140
Rand Bank160–1
Rand Merchant Bank192
Rand Water Board260
REAL Africa Asset Management224
Real Africa Holdings Ltd (REAL)188
Reality304, 312
Rebellion8, 32n.73, 47
recession91–2, 160, 269, 327
Reconstruction and Development Programme (RDP)207, 260
(p.405) Reddingsdaadbond (RDB, Association for Self-Redemption)81–3, 110
Regional Head Office (RHO)196, 216
Register of Co-operation (ROCO)159
Registrar of Companies15, 82, 102
Registrar of Deposit-taking Institutions178
Registrar of Insurance68, 77, 178, 194t, 212, 213t, 222
Registrar of Medical Schemes220–1, 305
regression analysis/outputs360–1, 361t
Reiffin32
Rembrandt111, 164, 166–8, 181, 251n.90, 274–5
Rembrandt Beherend111
Rembrandt Group111–12, 178, 182, 220
Rembrandt Tabakkorporasie van Suid-Afrika110
Resolution Health305
Retail Distribution Review (RDR)338–9
retirement annuities (RA)125–7, 138, 194t, 199, 213t, 214, 223, 285, 292, 315
Retirement Fund Administrator (RFA)315
return on assets (RoA)62t, 86, 130t, 202, 203t, 217, 221
return on capital (ROC)267, 273, 289, 314
return on capital employed (RoCE)334
return on embedded value (RoEV)266, 273, 358
return on equity (RoE)347, 358
return on group equity value (RoGEV)319, 334, 340, 344, 347–8, 357–8
Rhodesia (Zimbabwe)30, 42, 146
Richards Bay Minerals (RBM)181–2
Riekert Report152
Risk Free Return (RFR)319
Riviersonderend107
Rolling Guaranteed Equity Fund and Guaranteed Plan223
Rothmans of Pall Mall111
Rouxville70
Rubicon address92, 180
rural areas (platteland)28–31, 57–8, 60, 72, 140, 241, 286
Saambou (Permanente) Bouvereniging (Saambou Permanent Building Society)83–4
Saambou National Building Society97
Saamwerk-week (Collaboration Week)59–61, 63
Safe Deposit of Securities Act231n.46
Safrican285–6, 288, 294
Sage Group178, 251n.90
SAHAM341–4, 347, 359, 362
Samancor181–2
Sana109
SanAdmin client management system201
Sancino/NuClicks260
sanctions93, 145, 154, 191, 363
Sandock Austral170, 173
Sanki170t, 171, 173
Sankorp (Sanlam Beleggingskorporasie Beperk (Sankorp Ltd))128, 155–7, 169–78, 181–95, 200, 223, 229, 251n.90, 268, 367
Sanlam 25 Club205
Sanlam Act117
Sanlam Advisers Forum (SAF)254
Sanlam Affiliated Intermediary Service310
Sanlam Art Collection354
Sanlam Asset Management Ireland315
Sanlam Asset Management (SAM)228, 230–1, 249–50, 260, 315, 343, 359
Sanlam Auditorium140
Sanlam Beleggingskorporasie (Sankor–Sanlam Investment Corporation)104
Sanlam blue hands brand336
Sanlam Blueprint for Success323
Sanlam CA Training Programme322, 352
Sanlam Cancer Challenge324
Sanlam Capital291
Sanlam Capital Markets (SCM)279, 308, 315, 346
Sanlam Collective Investments (SCI)272, 291, 313
SanlamConnect311
Sanlam Corporate (SC)273, 332–3, 347–9
Sanlam Cricket Club144
Sanlam Customised Insurance291, 272
Sanlam Developing Markets (SDM)294, 304
Sanlam Development Fund260
Sanlam Development Fund of Funds260
Sanlam Emerging Markets (SEM)311, 340
Sanlam Emerging Markets Ireland Limited (SEMIL)342
Sanlam Employee Benefits (SEB)241, 291, 308
Sanlam Facilities228
Sanlam Financial Service Group228
Sanlam Financial Services (SFS)291
Sanlam Financial Services (UK)291
Sanlam for Professionals and Graduates354
Sanlam Foundation (SF)323, 353
Sanlam Fund Solutions (SFS)314
Sanlam Gap Cover338
Sanlam Graduate Development Programme322
Sanlam Graduate Programme352
Sanlam Group123, 169, 250, 320, 358t
Sanlam Group Employment Equity Forum321
Sanlam Group Strategy249
Sanlam Growth Fund166
Sanlam Health221, 238, 241, 254, 305
Sanlam Health Administration Management (SHAM)221
Sanlam Health Distribution Management306
Sanlam Health Quality Management (SHQM)221
Sanlam Health Risk Management (SHRM)221
Sanlam Healthcare350
Sanlam Home Loans291
Sanlam Independent Financial Services272, 291, 308
(p.406) Sanlam Individual Life338
Sanlam International Investment Partners (SIIP)315
Sanlam International Mutual Fund Administrator315
Sanlam Investment Management (SIM)250, 260, 272, 274, 291, 346
Sanlam Investments (SI)308, 312, 324, 332, 345, 353
Sanlam Investments Food and Wine Design Fair324
Sanlam Kay Motsepe Schools Cup324
Sanlam Kenya PLC344
Sanlam Learner Brilliance Project354
Sanlam Life234–5, 238, 241, 246, 285, 311, 358
Sanlam Ltd234, 238, 241, 342
Sanlam Management Ireland291
Sanlam Managing Director Roadshows168
Sanlam Money Game301
Sanlam Money Market Trust224
Sanlam Mozambique Vida344
Sanlam Multi Manager International (SMMI)272, 287, 291
Sanlam (Mutual)217, 237
Sanlam Namibia263, 291
Sanlam Netherlands BV (SNH)248
Sanlam Netherlands Holdings BV314
Sanlam Personal Finance (SPF)199, 201, 228, 241, 246, 291, 304, 308, 311, 352
Sanlam Personal Loans291
Sanlam Personal Portfolio200, 246
Sanlam Policyholders’ Fund238
Sanlam Private Act94, 98, 217
Sanlam Private Bill98
Sanlam Private Equity272
Sanlam Private Investments (SPI)291, 306
Sanlam Private Wealth (SPW)345–6
Sanlam Properties223, 291, 312
Sanlam Property Management272
Sanlam Select249
Sanlam Sky Solutions (SSS)303, 310, 317
Sanlam Structured Solutions314–15
Sanlam Transformation Report299
Sanlam Trust122, 246, 291
Sanlam UK312, 315, 329
Sanlam Unit Trusts (SUT)238, 246–7, 313
Sanlam Vacation Development Programme322
Sanlamhof111, 117n.74, 141, 257
Sanmed123, 132, 201, 220–1, 227, 305
SanQuote201
Santam (Suid-Afrikaanse Nasionale Trust en Versekeringsmaatskappy, South African Trust and Insurance Company)9, 13–16, 18–19, 27, 33, 51, 130, 170t, 171, 291
Santam Bank100, 159, 161, 176
Santam Group97
Santam Insurance96, 100
SantamRe347
Santos Football Club207
Sappi164, 169, 172, 180–1
Sasbank159
Sasol107
Saver Waya-Waya354
Schlesinger Organization56
Scotland10, 38, 53, 64n.64, 94, 120
Scottish Institute of Bankers14
Second Afrikaans Language Movement11, 13
Securities Regulations Panel178
Selfmed161, 172, 176, 305
Senbank176
Senegal155
Sentrachem109, 169, 172–3, 234
Sentrale Finansie Korporasie (Central Finance Corporation)104
Sentrix305
Sentrust108
Servgro175, 188
service-oriented architecture (SOA)305
Shamva Mine30
Shanduka Black Umbrellas354
share capital19–20, 84, 104, 170t, 188, 235, 238, 262, 277, 286, 296, 318, 348
shareholders’ fund236–7, 243, 262
Sharpeville90, 174
Shield Insurance166
Shoprite174
Shriram288, 294, 316–17
Shriram Capital India (SCI)317
Shriram General Insurance (SGI)318
Shriram Group289, 307
Shriram Life317
Shriram Life Insurance289, 317
Shriram Management Share Trust317
Shriram Transport Finance Company (STFC)318
Silver Shield (Jan Feenstra Shield)58
Simeka Consultants and Actuaries (SCA)291
Simelane, Rejoice275, 284, 328, 353
Sing’it Lyrics Competition324
Siyolo, N.240
Sizanani-Thusanang-Helpmekaar Investments282
Smuts cabinet/government8, 47
social capital9, 12, 23, 28, 47, 106–7, 267
Solvency Assessment and Management (SAM)343
Sons of England113
South Africa Act2
South Africa Association of Medical Aid Schemes (SAMAS)132
South Africa Bill2
South Africa first6, 10, 24–5, 40, 44, 47, 74, 96, 139, 364
South African Air Force94
South African Air Force Fund125n.95
South African Army Scheme Fund125n.95
South African Association of Medical Aid Schemes (SAMAS)132
(p.407) South African Broadcasting Corporation (SABC)131–2, 220
South African Business Ethics Survey (SABES)321
South African Council for English Education (SACEE)142
South African Council of Churches154
South African Defence Force7
South African Democratic Teachers’ Union (SADTU)282
South African Druggists (SAD)109, 171, 175, 189
South African economy5, 26, 347
South African Farm Implement Manufacturers (SAFIM)107
South African forces85
South African GDP (Gross Domestic Product)80
South African Housing Trust184
South African Institute of Chartered Accountants (SAICA)232
South African Local Government Association (SALGA)349
South African Medical Association (SAMA)131
South African Medical Council48
South African Medical Fund Limited (Sanmed)132
South African Motor Assemblers and Distributors106
South African Mutual Life Assurance Society (Old Mutual)41, 63n.57
South African Mutual Private Act98
South African Mutual Trust and Assurance Company27
South African National Life Association135
South African Navy Fund125n.95
South African Oil and Gas Corporation (Sasol)48, 107, 112, 157
South African Parliament98
South African Party (SAP)2, 5, 18–19, 42, 85
South African Police125n.95
South African Qualifications Authority (SAQA)302, 352
South African Railways157
South African Railways & Harbours (SAR&H)125n.95
South African Reserve Bank (SARB)93, 135, 167, 176, 178–9, 191t, 319
South African Teachers Association66
South African Torbanite Mining and Research (SATMAR)157
South African War2, 4–5, 8, 10–11, 13, 32n.73, 47–8, 79, 208
South Korea212
South West Africa (Namibia)86
Southern Cape31
Southern Life70, 217
Southern Life Association41, 192
Southern Life Assurance Company192
Soviet Union/USSR89, 211
Soweto92, 145, 174
Spar174
St Helena48
Stable Investment Series129
Stanbic249
Standard & Poor255
Standard Assurance Company94
Standard Bank14, 23, 192
Standard Bank Investment Corporation (SBIC)192
Standard Bank of South Africa Ltd36
Standard Life UK200
Standard Merchant Bank186
Standerton113
State Owned Enterprise (SOE)187
State Street199
statement of financial accounting standards232
Stellenbosch8, 12, 30, 49, 140
Stellenbosch District Bank6
Stellenbosch Theological Seminary8, 11
Stock Exchange Control Act231n.46
Stone & Cox Life Insurance Tables35
Strategic Review Committee226
Stretch315
Succession Financial Planners (SFP)310
Suid-Afrikaanse Lewens Assuransie Maatskappij, Beperk (Sanlam)22
Suid-Afrikaanse Nasionale Siekte- en Ongevallemaatskappy (SANSOM, South African Sick and Casualty Company)131–2
Suid-Afrikaanse Nasionale Trust en Versekeringsmaatskappy (South African Trust and Insurance Company), see Santam
Sullivan Code154
Sun Life of Canada61
Sunninghill Medical Institute220
Supreme Court15, 57, 167, 297
sustainability report197, 299, 324–5, 355t
Swamed132
Swartland31
Swaziland146
SwissRe93
SwissRe Life & Health SA233
Sydney315
Synthetic Rubber Company109
Tanzania90, 286, 317–18
Tasc272
Tasc Administration (Dublin)291
(p.408) TBOi NMG252, 254
Tedelex170, 173
Tegniese Beleggings110
Tegniese en Industriële Beleggings111
TEK Corporation222
TEK Electronics170, 173, 189
television/radio301, 324
Business Buzz354
Music TV324
Takalani Club324
Takalani Sesame301, 324
Teljoy175
Telkom188
Tertiary School in Business Administration (TSIBA)354
Thebe Community Financial Services (TCFS)285, 291
Thebe Investment Corporation (TIC)285
Thebe Investments260
Theory Y management style95
Thuthuka Bursary Fund354
Tiger Oats105
Tillinghast-Towers Perrin (TTP)224
Tokai Public School30
Tollgate Holdings178n.68, 179
Topaz304
Top Employers Institute352
Top Employers South Africa award352
Topmed132, 220, 305
Top Private Banks and Wealth Managers survey345
Top South African Wealth Manager345
Top Stockbrokers awards345
Total Care Strategy272
Tradegro Group169, 173–4
Tradehold174
Transkei3, 70, 140
Transmar108–9
Transvaal3, 5, 11, 13–15, 18, 20, 27, 29–30, 37, 42, 55, 57–9, 65–6, 69, 107, 140, 159, 196, 241, 278, 285
Transvaal Coal Owners’ Association (TCOA)113–14
Transvaal Colony (Zuid-Afrikaansche Republiek)1–2
Transvaal Local Board31, 48
Transvaal Teachers Association66
Transvaal University College94
treat customers fairly (TCF)320, 338, 345
Trek Investments109
Trek Petroleum182n.81
Trichamp175
Trinity College Dublin331
Trust Accepting Bank160–1
Trust Bank108, 159, 176–7
Trust Bank Growth Fund Pty160
Truth and Reconciliation Commission (TRC)208–9, 227, 367
Tulbagh29, 112
Twin Peaks regulatory dispensation319
Tyco297
Ubuntu Botho290, 320
Ubuntu Botho Community Development Trust (UBCDT)301, 320, 353
Ubuntu Botho Investments282, 328, 353
Uganda90, 317–18, 343
Umgeni Water Board260
Umsobomvu Fund237, 260
Umtata301
Unicom162–3, 166, 168
Unie Bouvereniging83
Uniewinkels109
Union Armed Forces32nn.73–4
Union Corporation163, 165, 167, 180
Union Corporation Panel164
Union Government3, 40
Union of South Africa1–2
Union Parliament10, 43
Union Senate48
Union Steel Corporation105
Union Teacher’s Associations69
United Building Society180
United Democratic Front (UDF)154
United Kingdom (UK)40, 45, 199–200, 226, 231–2, 236, 243, 248–9, 272, 278, 286–7, 291–2, 308, 312–15, 329–30, 345–6, see also Britain
United Party42, 47, 50
United States (USA)17, 40, 69, 79, 91, 117, 120, 123, 133–5, 138, 145, 154, 157, 160, 196–7, 216–17, 221, 231–2, 236, 244, 262, 326, 343, 361t, 362–3, see also American
United Tobacco Corporation110
United Transport170t, 173
Unit Trust Control Act231n.46
Universa178, 251
University of Cape Town113, 140, 158, 241
University of Columbia146
University of Fort Hare140
University of Natal158, 241
University of Potchefstroom61, 157, 159–60
University of Pretoria110, 140, 159, 241, 264, 267
University of South Africa140
University of Stellenbosch11, 47, 61, 73, 80, 82, 140, 204, 240, 264
University of the Western Cape142
University of the Witwatersrand157, 331
University of Washington146
University of Zululand240
Upington31
Urban Foundation154
URD Investments Pty Ltd170
(p.409) Vereeniging107
Victoria College11, 13, 53
Volkskas111–13, 164–5, 167, 278
Volkskas Bank161
Volksrust31
Voorbrand Tabakkorporasie110
Voortrekker Monument50–1
Vredefort47
Vrije Universiteit159
Wassenaar Family Trust162
Wasserfall & Hardick76
WealthsmithsTM326, 336, 350–1, 356, 368
Weges family3
Wendell341
Werth and Domisse341
Western Cape12, 48, 55, 59, 142, 196, 201, 204
Westminster Motor Insurance Association291
Wiehan Report152, 205
William Alexander Agnew prize157
Witbank district31
Witbank/Maputo road construction260
WITS Radio Academy354
Witwatersrand65, 201
Wolmaransstad48
Woordfees (Festival of Words)324
Worldcom297
Worlds Open Worlds354
World War I5–6, 17, 26, 40, 47
World War II3, 41–2, 47, 50, 61, 63, 66, 76, 85, 89–90
Worldwide African Investment188
Worldwide Investment260
Xhosa/isiXhosa204, 252
yellow umbrella347, 349
Yom Kippur War91
Zambia286, 317
Zimbabwe (Rhodesia)30, 42, 146
Zion Christian Church317
Zuid-Afrikaansche Brand en Versekeringsmaatskappij17
Zuid-Afrikaansche Republiek (Transvaal Boer Republic)1, 3, 45, 278
Zulu population240