QUICK READ

MEDICAL AID

Discovery Health Medical Scheme will defer its planned contribution increases for a further five months, meaning the increases for this year that were to take effect in May will now only be effective in October. In a communication to its members, Discovery says that since its original pricing announcement for this year, its “claims and investment experience” was better than anticipated, which “allows the scheme to defer the 2022 contribution increase by another five months”. The scheme told members in October last year that contributions for 2022 would increase by 7.9%, but that this would only be effective from May 1. The increase has now been postponed until October.

INVESTMENTS

Satrix has again taken the most awards at this year’s South African Listed Tracker Fund Awards, held on Wednesday evening, March 30. The awards were made to the issuing houses of JSE-listed exchange traded funds (ETFs) and, for the first time this year, exchange traded notes (ETNs) for investment return performance and superior management, over three, five and 10 years to December 31, 2021. This year 26 awards were announced, of which Satrix won nine, including awards for its Capped

Indi ETF and Resi ETF for investment performance, and the People’s Award for its popular Satrix 40 ETF. 1nvest won five awards and Absa Capital won four.