South African startup, InvestSure, named in Top 100 InsurTech’s in the world

Today South African startup, InvestSure, was announced as one of the 100 InsurTech’s in the world. The startup secured its spot from over 1,000 companies that were reviewed by the FinTech Global panel, a specialist research firm. InvestSure offers the world’s first insurance product that covers shareholders and investors against allegations of mismanagement, fraud and corruption of JSE listed companies.

 “We are extremely proud of this achievement and thank the panelists for the recognition. This shows the world that South Africa is a market to watch in the InsurTech industry.” said Shane Curran, co-founder of InvestSure.

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Unpacking: Aspen

Aspen Pharmacare Holdings – previously Aspen Pharmaceuticals – recently hit a 9 year low. On 14 August they were fined by the UK authorities relating to anti-competitive behavior that was first uncovered on 13 October 2017. While the fine was relatively small in the context of Aspen, around  R200 million in total penalties compared to their market cap at the time of roughly R33 billion, there were other conditions imposed and external factors which caused the market to react rather strongly to the news, sending the share price down 10.3% at one point during the day. Continue reading “Unpacking: Aspen”