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November 2011
Never too old…

The default retirement age in the UK has been abolished with effect from 1st October, after an initial phasing period from April. Employers are now prohibited from imposing compulsory retirement on any worker who reaches the normal...

November 2011
Better detection

South African life assurers managed to prevent 5 792 cases of claims fraud during 2010. Had these attempts not been foiled the industry would have lost over R638-million to fraud.


Peter Dempsey, deputy CEO of the...

November 2011
Two options

The first choice to make when investing offshore is whether you want to use a fund manager’s offshore allowance, or your own. If you value simplicity, and don’t particularly want to expatriate your assets, there are various rand-denominated...

November 2011
Old chestnut

Asset classes, such as equities, bonds and property, are expected to struggle to deliver double digit returns in the current economic environment. As a result, it is critical for the client to understand what and how much he is paying on...

November 2011
Greater responsibility

The past decade or so has seen significant change sweep through South Africa’s financial services industry. The accessibility of progressively clearer and more comprehensive investment detail have afforded investors more information both at...

November 2011
Copper theft

An essential add-on for the owner

The growing scourge of copper theft has had a severe impact on the Gautrain and other business and municipal operations resulting in damages amounting to over R15.84 million in July alone compared to R14.37...

November 2011
Disabled benefit

A new medical tax credit will come into force in March 2012, replacing the existing medical aid cap amount, giving employees more deductions and providing extra benefits for the disabled, who currently qualify for the same cap amount as...

November 2011
Brand makeover

This year has seen considerable change for the South African insurance industry. New legislation such as the Consumer Protection Act came into effect and is already impacting on the way insurance companies do business. Within the industry,...

November 2011
Good for 2012

In recent times the South African private healthcare funding landscape has increasingly come under threat due to high costs resulting in limited value for hard-pressed healthcare consumers.


“However, the recent joint 2012...

November 2011
Common sense prevails

Three 2010 judgments illustrate the courts’ common sense approach to personal injury claims.


Swinburne v Newbee Investments (Pty) Limited [2010] 4 ALL SA 96 (KZD):
In the first case, the defendant was a property...

November 2011
Debt busting

Losing a loved one is never easy. However, coming to terms with the death of a spouse or parent is even more devastating if the family is left with the financial burden of mounting debts, should no life cover be in place.


...
November 2011
Divorce diversion

When the Maintenance of Surviving Spouse’s Act slipped into law in 1990 it attracted scant attention and the full implications of the legislation were not realised.


Radhika Sinayhakh, a Senior Associate in the Estates...

November 2011
Tertiary trouble

As millions of school learners begin preparing for their year-end exams, parents are urged to consider planning now for their children’s tertiary education expenses, rather than relying on state funding.


This is the...

November 2011
Customised benefits

An individual’s ability to earn an income is their most valuable asset. Unfortunately, there are a vast number of events that can lead to the temporary or permanent loss of this ability to earn. And while typical income protection products...

November 2011
Guardian glitch

The legal guardians of children are often dismayed to learn they will not receive a lump sum to allocate at their discretion upon assuming guardianship of a child. While guardians often believe building or buying a house for the child is...

November 2011
Seeds of misfortune

Farmers need to be aware of increased exposure to risk as a result of the new Consumer Protection Act (CPA). Under the Act, introduced in April this year, anyone in the value chain can be held individually or jointly accountable for any...

November 2011
More defenceless

Growth and economic activity in South Africa have slowed dramatically in the past few months, and it is now expected that the full year growth for 2011 will only be around 3%. “Forecasts for 2012 do not look much better with growth likely...

November 2011
Repudiation risk

Over the course of the past few months, Long Beach Mall, Maynard Mall, as well as the Fruit and Veg City and Sportsman’s Warehouse in the Tokai on Main shopping centre in the Western Cape have all recently been shut down for a period after...

November 2011
Where there’s a will…

Most South Africans are unaware that in the event of death, bank accounts belonging to the deceased are often frozen until the financial affairs of the estate are settled. For the surviving family, who are already dealing with a traumatic...

November 2011
Raising standards

The Fiduciary Institute of South Africa (FISA) is introducing an examination that will allow fiduciary practitioners to use the designation FPSA® (Fiduciary Practitioner of SA).


Louis van Vuren of FISA, who leads the...

November 2011
Balancing rights

The Tax Administration Bill was approved by Cabinet in September 2010 and introduced to Parliament on 23rd June 2011.


Explains Nathan Bokwe, Professional Assistant in the Commercial Department at Garlicke & Bousfield...

November 2011
Test tarry

A significant backlog at a number of the state’s forensic laboratories has meant that some consumers are being forced to wait for as long as two years before pathology results are finally made available. As a result, any insurance claim...