Put another way, as insurance companies have the unique characteristic of handling longterm funds, it is particularly important for them to manage risk from a long-term perspective with emphasis on the interaction between the real economy and the financial system.
She took up the role in January 2011, and has been working with Roelf du Plooy to facilitate a smooth transition and succession. Before I give you an update on the market operations of the Financial Markets Department, allow me briefly to touch on the global economic and financial markets backdrop and its implications for South Africa and our operations. 2.