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Articles by George Parrott
Power disruptions hit construction where it hurts most
By George Parrott, commercial partner at King Price Insurance Rotational loadshedding and unplanned power outages continue to exact a severe toll on South Africa’s economy. In 2023, the country lost around R2.8 trillion in output – a staggering impact, borne primarily by energy-intensive sectors.
Afribiz Invest joins forces with the South African Construction Awards Original
Advertise your job vacancies 2 days7 days30 daysBy Industry Show more The eagerly awaited 17th annual South African Construction Awards (SACA) is scheduled for November 27, 2024, at the esteemed Emperors Palace.
Millennials will drive the growth of insurance in Africa Original
The insurance industry in Africa is undergoing significant transformation, marked by evolving consumer needs, technological advancements, and shifting demographics. Among the most influential demographic groups driving this change is the millennials generation, born between 1982 and 1994. According to market research firm, IMARC Group, the African insurance industry is expected to grow by 6.3% between 2024 and 2032, after reaching $87.4bn by 2023.
#OrchidsandOnions: Naked Insurance takes wait loss seriously in new ad Original
Time is a precious thing. And totally wasted on the young. As you age, you appreciate it more, only too aware that it is not available in unlimited quantities. While waiting around at the hospital recently – to get admitted, to get scanned and finally, to get operated on – I had quite a bit of precious time to consider how easily one wastes it. Lying in the ward, waiting, I could scroll through social media and I saw, once again, the clever new ad for Naked Insurance.
Cementing change: The impact of cheap imports on South Africa’s construction sector
Written by George Parrott, Engineering Division Partner at King Price Insurance Confidence in South Africa's construction industry has taken a significant hit, reflecting broader concerns about the economy and investment trends.
GVK-Siya Zama unveils revitalised Cape Town Station Original
Cape Town Station, once a neglected area, has been transformed into a vibrant mixed-use hub by GVK-Siya Zama. This ambitious redevelopment, one of the firm's most significant projects to date, faced numerous challenges, including harsh weather conditions and budget constraints. However, the team persevered to deliver this landmark project on time and within budget.
Signing the NHI into law is premature and unconstitutional, says Profmed CEO Original
President Cyril Ramaphosa has officially signed the National Health Insurance (NHI) Bill into law, a move that has sparked a wave of criticism from the private sector. Among the critics is Craig Comrie, chief executive officer of Profmed, who stresses the critical need for meaningful reform to the healthcare system which preserves South Africa’s healthcare assets, with a particular emphasis on protecting our doctors and nurses.
In a surprise move, Ramaphosa to sign NHI Bill into law before 29 May elections Original
Fourteen days before the elections, President Cyril Ramaphosa will sign the country’s biggest health policy overhaul into law, effectively consigning medical schemes to providing options only for small private elective procedures once implemented. In a surprise move, Ramaphosa announced that he will sign the National Health Insurance (NHI) Bill into law on Wednesday, 15 May, at 2pm. It is likely to immediately be taken to court by opposition parties and the organised private health industry.
Cabinet hails Tetra Pak's R500m investment boost Original
Search jobs Cabinet has expressed its approval of President Cyril Ramaphosa's reopening of the Tetra Pak facility in KwaZulu-Natal, drawing in a R500m investment. The investment forms part of the Presidential Investment Mobilisation Drive, where government set the ambitious target in 2018 to attract R1.2tn investments over five years.
The impact of cheap cement imports on local construction sector
The South African construction sector is currently facing a crisis of confidence, reflecting wider economic and investment uncertainties. The FNB/BER Building Confidence Index, a barometer of satisfaction across six sectors within the construction industry, has seen a significant drop to 27 in Q1 2024, down from 43 in the previous quarter. This is the lowest level since mid-2020, indicating a deep-seated dissatisfaction among industry participants.
The impact of cheap cement imports on local construction sector
The South African construction sector is currently facing a crisis of confidence, reflecting wider economic and investment uncertainties. The FNB/BER Building Confidence Index, a barometer of satisfaction across six sectors within the construction industry, has seen a significant drop to 27 in Q1 2024, down from 43 in the previous quarter. This is the lowest level since mid-2020, indicating a deep-seated dissatisfaction among industry participants.
Cementing change: The impact of cheap imports on South Africa’s construction sector
By George Parrott, Engineering Division Partner at King Price Insurance Confidence in South Africa's construction industry has taken a significant hit, reflecting broader concerns about the economy and investment trends.
Cyber safety should be on your business’ agenda every day
By: George Parrott, commercial partner at King Price Insurance Safer Internet Day, on 6 February, is aimed at making both individuals and companies more aware of the ever-more prevalent cyber risks that they could fall foul of. And make no mistake: Cybercrime is a particularly serious threat to South African businesses. According to the UN, there are more than two million small, micro, and medium enterprises (SMMEs) in South Africa, and they represent more than 98% of formal business..
Data insights drive growth in stagnant insurance sector Original
Independent statistics from TrueCaller show that South Africans are among the most-spammed consumers in the world, with insurance companies constituting half of the spam reported by consumers using the app. And, when we look at the Nielsen indication of advertising spend in 2023, we see that insurance companies are three of the top six ‘big spenders’. Source: Supplied. Schalk Fischer, insurance vertical sales leader at TransUnion South Africa.
iTOO forms strategic partnership with EthiQal Original
Advertise your job vacancies iTOO Special Risks, a specialty risk underwriter and EthiQal, a medical professional indemnity provider for specialist doctors, have announced an exciting strategic partnership. This collaboration, backed by Hollard, South Africa's second-largest non-life insurer, aims to bolster EthiQal’s mission to protect healthcare professionals with robust, reliable coverage and medico-legal support.
2011 Chevrolet Volt vs 2011 Nissan Leaf: 7,000 miles later
By George Parrott After several months of using a 2011 Chevy Volt and a 2011 Nissan Leaf as our sole family transport, we have a better understanding of both cars than we did in March, when I first wrote about how they compared. First to arrive at our West Sacramento home was a beautiful crystal red 2011 Volt. We chose the neutral leather upgraded interior with heated seats and the backup camera option, but did not go for the polished wheels.
How to charge your electric car from the sun, at home
George Parrot's home solar installation [Credit: George Parrot] With the big upturn in electric-car adoption driven by the Tesla Model 3, incoming Kia and Hyundai options, and the highly competitive Chevrolet Bolt, many drivers will be moving to vehicles that will be primarily charged at home. This means that their household electric bills are likely to show a significant increase—a big and obvious increase.
Tesla Model 3 vs Model S: Tighter dragstrip times, sharper traction system
George Parrott's 2018 Tesla Model 3 with orange wrap [CREDIT: George Parrott] Tesla claims some astonishingly quick acceleration times, and for some of us, testing and verifying those times are part of the fun. To do that, the drag strip is the only safe and fully reliable source for accurate numbers. In February of 2015, I migrated to a Model S Performance, after owning a 2013 Model S P85.
Tesla Supercharger electric-car charging sites in CA surge (photos)
In January 2016, before the public introduction for pre-orders of the Model 3, Tesla had 585 Supercharger locations around the world. By the end of June 2016, that number had climbed to 655. Then the potential of 400,000-plus reservations for the more affordable Model 3 pushed Tesla to promise it would double those charging locations by the end of 2017. Now we're seeing the actual followup on this Tesla promise. DON'T MISS: When will Tesla Model Y crossover to go into production?
Tesla is creating a network of supercharging stations across America
One of the main advantages of the Tesla Model S is its relative freedom from “range anxiety,” at least in the 85-kilowatt-hour battery pack of the higher-end versions. Rated by the EPA at 265 miles, that range compares to ratings of 62 to about 90 miles in less expensive plug-in electric cars. And the Model S vehicle offers even greater freedom for road trips via the national (and international even) proprietary Supercharger system funded and built entirely by Tesla Motors for its owners.
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