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July 2011
Agile solution

Medical schemes have long battled with the challenge of containing costs without limiting patients’ access to medicines and treatments. Fortunately, new technology is revolutionising disease management and keeping...

July 2011
Incentives and communication….

Health Minister Aaron Motsoaledi issued an ultimatum last April to South African medical schemes to adopt preventative rather than curative health policies, or be forced to do so by Government. ...

July 2011
Too expensive

Findings from the 2010 OMAC Actuaries & Consultants Healthcare Monitor reveal that, due to a lack of awareness of their options, members generally feel their medical schemes are too expensive. ...

July 2011
The bitter pill

According to the 2009 Mediscor Medicines Review (MMR) expenditure on medicines increased by 17.6% between 2008 and 2009. This compares to a 14.4% increase between 2007 and 2008. The Review examines and analyses the...

July 2011
Not that simple…

South African 10-year bond yields rose sharply over the past six months to 8.6%. This appears to be an attractive proposition compared with cash yielding 5.4%. “Unfortunately,” says Andrew Lapping, portfolio manager...

July 2011
Charting light

Demand for affordable housing in South Africa far outweighs the available housing stock, particularly for properties with values below R200 000, where potential demand is in the millions. ...

July 2011
Diversified place

Tax changes and recent declines in preference share prices have put the spotlight on an equity security that until recently seemed firmly established as the South African investor’s favourite hybrid instrument....

July 2011
The year so far

In a review of valuation and performance figures of various indices making up the JSE, as Table 1 clearly shows, the major positive contributors for the year have been large cap shares. Mid and small caps have had a...

July 2011
Investment note

Says Morningstar Inc when you buy a high-cost fund, three things can happen, and two of those are bad. First, you can get good performance. Second, you can get underperformance...

July 2011
Asset spread

Regulation 28, issued in terms of Section 36 of the Pension Funds Act of 1956, governs the asset spreading requirements of retirement funds regulated under that Act. Last reviewed in 1998, an amended regulation was...

July 2011
Employee engagement

Employees often imagine the worst in merger scenarios, one of the reasons why Aon South Africa has invested heavily into a multi-phase integration strategy after it acquired Glenrand M-I-B. Through this it hopes to...

July 2011
Swift improvements

Mutual & Federal, a member of the Old Mutual Group, has announced that the launch of its new allsure product will take place in the third quarter of 2011. “Our new product...

July 2011
Old problem

Insurers generally write off vehicles that have sustained damage in the region of 65% to 70% of their book value as repairing them would be uneconomical. “Yet many people who...

July 2011
Clearer view

In a move to reduce the cost of claims for local consumers, independent short-term insurance administrator CIB, has formed an affiliation with Grandmark Glass. It hopes that,...

July 2011
OK for one-off

A voetstoots clause is included in most agreements of sale of immovable property, which means that the purchaser agrees to accept the property “as is”, with all its faults. “...

July 2011
Expensive and confusing

There are two realities about private medical cover in SA. Firstly it is expensive and secondly, its benefit structures are complex. Payroll deductions for medical aid average...

July 2011
Change of route

The Consumer Protection Act has a major impact on the way transporters now communicate to their customers. For example, they must consider the way their standard trading terms and conditions are conveyed to customers...

July 2011
Costly cuts

South Africa is said to be more exposed than most countries to loss from the likes of crime, burglary, vehicle claims, car hijacking, theft, and so on. Yet insurance industry figures suggest that some 40% of...

July 2011
Merging success

Commenting on the strong showing, Damian McHugh, Head of Marketing & Sales Momentum Health says, “Members have continued to place their trust in us, believing that Momentum Health is a medical aid that offers...

July 2011
Getting prepared

Companies should start putting appropriate mechanisms in place to ensure that the six fairness outcomes contained in the Treating Customers Fairly (TCF) programme are incorporated in their businesses and delivered...

July 2011
Needing advice

Official employment statistics have revealed that retrenchments of workers in South Africa’s private sector accelerated in the first quarter of this year. As a result, thousands more employees are likely to cash in...

July 2011
One client, one planner

Traditionally financial advice has been driven by the value of the transaction that each broker might be selling. Whether that particular product made sense within the broader context of the clients’ life, overall...

July 2011
Don’t poke about

In the Theory of Poker, David Sklansky writes, “Any time you make a bet with the best of it, where the odds are in your favour,  you have earned something on that bet, whether you actually win or lose the bet. By...

July 2011
Questioning austerity

If the beginning of last year was the dawning of the age of austerity and the beginning of this year saw the impact of countries living with austerity, the phase we are going through now could probably be described as...