Media Releases

ASISA announces appointment of acting CEO

6 February 2024

The Board of Directors of the Association for Savings and Investment South Africa (ASISA) has appointed Adrian Burke as acting CEO of ASISA. This follows the departure of Busisa Jiya on 31 December 2023.

“The ASISA Board is prioritising the recruitment of a new CEO, but we expect that finding the candidate may take a couple of months,” says Anton Pillay, chairman of ASISA. “We have therefore decided to appoint an acting CEO until a permanent appointment can be made.”

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More Media Releases

ASISA announces departure of CEO

6 December 2023

The Board of Directors of the Association for Savings and Investment South Africa (ASISA) has announced that Busisa Jiya, CEO of ASISA, will be leaving by mutual agreement at the end of December 2023. read more

Fraud worth R1.1 billion prevented by life and investment companies in 2022

30 November 2023

South African life insurers and investment companies detected 8 931 cases of fraud and dishonesty in 2022. While losses worth R1.1 billion were prevented, the industry lost R77 million to fraud in 2022...read more

Living annuity model proves robust in volatile times

29 November 2023

South African retirees had R625.9 billion of their retirement savings invested in living annuities at the end of 2022, which marks an increase of 47.3%...read more

Cautious CIS investors look for diversification in multi asset portfolios

14 November 2023

The local Collective Investment Schemes (CIS) industry attracted net new investments of R9 billion in the third quarter of 2023...read more

Life insurers pay claims and benefits worth R287.1 billion in the first half of 2023

3 October 2023

Beneficiaries and policyholders received R287.1 billion in claims and benefits from South African life insurers in the first half of 2023. read more

Local CIS industry statistics reflect a tough second quarter for investors

7 September 2023

The local Collective Investment Schemes (CIS) industry reported assets under management of R3.36 trillion at the end of the second quarter 2023. read more

Local CIS industry assets grow to R3.27 trillion

12 June 2023

The local Collective Investment Schemes (CIS) industry increased assets under management to R3.27 trillion in the first quarter of 2023 from R3.16 trillion at the end of December 2022. read more

Life insurers remain well-capitalised despite tough operating conditions in 2022

15 March 2023

South African life insurers navigated volatile investment markets and a tough operating environment in 2022,... read more

Local CIS assets under management recover to previous highs

27 February 2023

The local Collective Investment Schemes (CIS) industry recorded net inflows* of R108 billion in 2022, ending the year with R3.14 trillion in assets under management.  read more

Hedge fund industry sees assets under management jump by an unprecedented 30% in 2022

27 February 2023

The South African hedge fund industry grew its assets by an unprecedented 30% in 2022, ending the year with R113.01 billion under management... read more

Ongoing market volatility sees CIS investors return to multi asset portfolios

24 November 2022

Despite significant local and global market volatility spilling over into the third quarter of 2022, assets under management by local Collective Investment Schemes (CIS) moved back .... read more

South Africa’s life and disability insurance shortfall = R34.3 trillion

2 November 2022

The average South African income earner had a life insurance shortfall of at least R1 million and a disability cover gap of around R1.4 million at the end of December 2021. read more

Life insurers continue to weather adverse conditions

19 September 2022

The past two years severely stress tested the financial resilience of South African life insurers as a result of the COVID-19 pandemic, severe market volatility and a steep increase in the cost of living for consumers.  read more

CIS industry reports solid net inflows despite stock market turbulence

7 September 2022

The local Collective Investment Schemes (CIS) industry reported net inflows of R21 billion for the second quarter of this year, bringing total net inflows for the 12 months to the end of June 2022 to R110 billion. read more

Transformation of SA’s life offices and asset managers shows steady progress with ownership targets exceeded in 2020

22 August 2022

Life offices and asset managers represented by the Association for Savings and Investment South Africa (ASISA) have collectively made steady progress towards achieving the relevant transformation targets... read more

Death claims during fourth COVID wave closer to pre-pandemic levels

28 July 2022

South African life insurers reported a significant drop in death claims for the six months to the end of March 2022 when compared to previous six monthly reporting periods since the start of the COVID-19 pandemic. read more

Intensified tracing efforts place unclaimed assets of R22.7 billion in the hands of customers, beneficiaries and heirs

30 June 2022

Members of the Association for Savings and Investment South Africa (ASISA) united policyholders, beneficiaries, investors and heirs with unclaimed assets worth R22.7 billion in 2021. read more

CIS assets remain above R3 trillion despite a turbulent start to the year

24 May 2022

The local Collective Investment Schemes (CIS) industry reported net inflows of R28.1 billion for the first three months of this year. read more

Life insurers uncover record numbers of fraudulent and dishonest claims in 2021

10 May 2022

South African life insurers detected 4 287 fraudulent and dishonest claims worth R787.6 million across all lines of risk business in 2021. This is a significant increase from 2020, when 3 186 cases of fraudulent and dishonest claims to a value of R587.3 million were uncovered.  read more

ASISA welcomes Coronation’s Anton Pillay as new Chairman

22 March 2022

The Association for Savings and Investment South Africa (ASISA) has welcomed Anton Pillay as the new Chairman of the ASISA Board of Directors.   read more

Policyholders and investors cautioned to be extra vigilant following TransUnion data breach

19 March 2022

Following this week’s TransUnion South Africa data breach, the Association for Savings and Investment South Africa (ASISA) is cautioning policyholders and investors to expect an increase in phishing attempts... read more

Life insurers well capitalised despite historic pay-outs of R608 billion in 2021

14 March 2022

Policyholders and beneficiaries received claims and benefit payments worth R608 billion from South African life insurers in 2021, the highest ever paid in a single year. read more

Life insurers report a surge in death claims during COVID-19 third wave

14 March 2022

South African life insurers reported a 53% surge in death claims for the six months between 1 April 2021 and 30 September 2021 when compared to the same period in pre-COVID 2019. read more

Local CIS industry celebrates R3 trillion in assets under management

14 March 2022

Local Collective Investment Schemes (CIS) attracted net inflows of R27 billion in the third quarter of this year. read more

Hedge fund industry grows assets to R86.93 billion in an environment of fund consolidation and regulatory constraints

14 March 2022

The South African hedge fund industry ended 2021 with assets under management of R86.93 billion. This represents a healthy growth in assets of R13.66 billion over the 12-month period. read more

Campher hands over baton as CEO of ASISA

17 February 2022

The Board of Directors of the Association for Savings and Investment South Africa (ASISA) is pleased to announce the appointment of Busisa Jiya as CEO of ASISA, effective from 1 February 2022.  read more

ASISA announces closure of Fundisa

8 February 2022

The Association for Savings and Investment South Africa (ASISA) has announced that the Fundisa education unit trust fund will no longer accept investments... read more

archived media releases
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ASISA ESD

The ASISA ESD Fund publishes a Quarterly Update Report which showcases the ASISA ESD Fund’s quarterly highlights communicating key achievements and milestones

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ASISA Foundation

The ASISA Foundation publishes a quarterly newsletter to keep stakeholders close to various engagements as well as documents which provide some insights into the work of the ASISA Foundation and the consumer financial education landscape.

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ASISA Academy

The ASISA Academy publishes a monthly Newsflash which is a summary of the highlights from our courses over the past month