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Thursday, December 31, 2015 - 03:16
Becoming more general

South Africa’s healthcare landscape has faced much volatility in recent years, not least in terms of legislation. This has led to a number of key proposed changes to the industry in the form of proposed amendments to Regulation 8 of the Medical...

Wednesday, December 30, 2015 - 03:16
Buying annuities…

The National Assembly recently approved the Taxation Laws Amendment Bill, which confirms that from 1st March 2016 future retirement savings in provident funds will be subject to compulsory annuitisation (as pension funds savings already are). But...

Tuesday, December 29, 2015 - 03:16
Festive fears

With millions of South Africans preparing to log on to do their shopping this festive season, gangs of cyber criminals are lying in wait to spoil the party by infiltrating networks and stealing money and identities. But you need not become one of...

Monday, December 28, 2015 - 03:16
Positive developments

In little more than a decade, modern medicine has turned the outcomes of many serious illnesses upside down. Ten years ago a heart attack may have been fatal. HIV would have been a death sentence. Cancer would almost always have been terminal....

Sunday, December 27, 2015 - 03:16
Numerous challenges

The recent weakness of the rand, coupled with negative consumer and business confidence, has seen increased interest by South Africans in investing abroad.
The past two years have been lucrative ones for South African investors who have...

Saturday, December 26, 2015 - 03:16
Choosing a safety net

It is estimated that corporate fraud costs the South African economy R150 billion annually and in Africa – close on 50% of this fraud is perpetrated by employees. With approximately 50% of organisations never recovering any losses suffered due to...

Friday, December 25, 2015 - 03:16
Essenhtial to understand

The insurance industry is the target of cyber attacks from a wide range of hostile operators, both internal and external, including current and former employees, organised crime and nation states.
“To understand the full extent of the threat...

Thursday, December 24, 2015 - 03:16
Proper protection

Purchasing a home for the first time can be extremely exciting, but this new asset also comes with additional responsibilities such as homeowner’s insurance. Nazeer Hoosen, Executive: Short Term Insurance at PPS, states that it is imperative for...

Wednesday, December 23, 2015 - 03:16
Regime too harsh

Citadel recently responded to the call for comment on the First Interim Report on Estate Duty released by the David Tax Committee in July 2015. Here are some of the suggestions made.
The Davis Tax Committee has made the following proposals:...

Tuesday, December 22, 2015 - 03:16
Challenging fairness

To encourage improved behaviour behind the wheel, some short-term motor insurers will offer clients a discount on the premium if a record of responsible driving is maintained. By installing a driver monitoring device, it will analyse driving...

Monday, December 21, 2015 - 03:16
Clearing up

The storms and hail that have swept across Gauteng leaving a swathe of destruction in their wake since Monday has seen Standard Insurance Limited registering nearly 1 500 claims for damage to cars, buildings and homes.
Johan van Greuning,...

Friday, December 18, 2015 - 10:28
Holiday checklist

Those planning a holiday may be considering hiring a house sitter. This can be an affordable and convenient way to ensure your property, pets, garden and many other aspects are looked after when you are away. But there are risks, and one should...

Friday, December 18, 2015 - 03:16
Liars, cheats and thieves

The recent judgment handed down in Hayward v Zurich Insurance Company PLC [2015] EWCA Civ 327 (31 March 2015) is food for thought for short- and long-term insurers in South Africa when managing their risks relating to suspected fraudulent claims...

Thursday, December 17, 2015 - 03:16
Looming compliance deadline

At a recent Deloitte event on Base Erosion and Profit Shifting (BEPS), the South African Revenue Service (SARS) announced its intention to adopt the latest OECD recommendations on the Country by Country (CbC) reporting by as early as 01 January...

Tuesday, December 15, 2015 - 03:16
Lack of visibility

Insurance brokers are a traditional part of the channel for the sale of short-term and life insurance products to customers. Typically, their financial advisors develop relationships with consumers and assist them with managing their insurance...

Monday, December 14, 2015 - 03:16
The fall of the Big Five

As investors and analysts, we love to group together industry leaders. “We often put the largest companies on a pedestal – so much so that these industry heavyweights become familiar household names,” comments Samantha Pauwels, portfolio manager...

Friday, December 11, 2015 - 10:41
Renting short term…

The festive season is synonymous with travel, with many choosing to take a holiday or visit family and friends over this period. Due to the many additional expenses incurred over this period and the number of short-...

Friday, December 11, 2015 - 10:36
Criminal Christmas

The festive season affords South Africa’s SMEs (Small and Medium Enterprises) the opportunity to ‘close up shop’ and perhaps reward employees with some well-deserved time off. It is also a period during which business assets are at greater risk...

Friday, December 11, 2015 - 03:16
Out of the comfort zone

As multinational and South African companies contribute to the development of the economy within the region through rapid growth on the continent, they are also exposing their customers, employees and assets to new risks and threats. This...

Thursday, December 10, 2015 - 03:16
Only the beginning

Amidst the scrutiny that emerging markets (EMs) have been coming under in recent months, it is important to remember that they are not all the same, Sukumar Rajah points out. He is the Managing Director and Chief Investment Officer of Franklin...

Wednesday, December 9, 2015 - 03:16
Bad news for farmers

The FAO Food price index registered the largest monthly fall in seven years in August. The index fell by 5.2%, the largest decline since December 2008. Admittedly raw materials have declined over the last 10 months, but the FAO index has not...

Tuesday, December 8, 2015 - 14:01
Germ-zapping robot being tested in Cape Town

A state-of-the-art robot that kills bacteria and viruses with ultraviolet light has entered the fight against the spread of germs and infections, especially ones that are resistant to antibiotics. The robot is currently being tested at Netcare...

Tuesday, December 8, 2015 - 03:16
In a grip

The world is in the grip of extreme climate change, seeing the El Niño weather pattern creating extreme weather across the globe, with South Africa by no means being unaffected. Among the main concerns are weather anomalies, ranging from extreme...

Monday, December 7, 2015 - 03:16
Innovation the key

The shift towards living annuities as the preferred retirement vehicle in South Africa is likely to present significant challenges for millions of retirees, unless the industry can develop a solution to mitigate the longevity risk that these...

Friday, December 4, 2015 - 03:16
Explain your reasons

As a member of a retirement fund, you have no doubt nominated one or more beneficiaries – and your fund probably asks you to review your decision every year or whenever there is a change in your family situation. But did you know that you don’t...

Thursday, December 3, 2015 - 03:16
Supporting customer relationships

EXL (NASDAQ:EXLS), a leading business process solutions company, today announced the opening of a new delivery location in Cape Town, South Africa to provide English-language customer experience support services.
“EXL continues to expand our...

Thursday, December 3, 2015 - 03:16
Identifying financial stress

The total balance on consumer credit cards nationwide has risen above R115 billion, the highest in the last three years according to the latest quarterly data from Experian SA. This is due to an increase in the value as well as a rise in the...

Wednesday, December 2, 2015 - 09:16
We are the worst drunk driving country in the world

Alarmingly, South Africa has more drunk-driving related deaths than anywhere else in the world, where as much as 58% of deaths are alcohol related, according to the latest Global Status report on Road Safety for 2015 by the World Health...

Wednesday, December 2, 2015 - 08:42
The game changers

“Disruptors” are set to take market share as insurance firms are challenged to deliver a better customer experience, says Victor Muguto, Long Term Insurance Leader for PWC Africa. He says traditional long term assurers must become more innovative...

Tuesday, December 1, 2015 - 13:25
Paranoia politics

Legal proceedings against the Department of Home Affairs (‘the Department’) and its contracted visa application service provider, VFS Global, have been instituted in the Cape High Court with the objective of challenging the legitimacy of the...

Tuesday, December 1, 2015 - 08:09
Hope for positive change

“…It was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had...

Tuesday, December 1, 2015 - 08:06
Prepare for a tough 2016!

“This year’s medium term budget was a reality check for South Africa,” notes Tendani Mantshimuli, Economist: Liberty. The October budget is normally largely ignored by the public as no major announcements are made. This year, however, the student...

Tuesday, December 1, 2015 - 08:06
Salaries no longer beat inflation, however pensions stay ahead

October 2015 saw a decline of 2.1% after inflation in the BankservAfrica Disposable Salary Index (BDSI).
“With inflation at 4.7%, the nominal increase of 2.5% in October 2015 over October 2014 means that there was a decline of 2.1% in the...

Tuesday, December 1, 2015 - 08:04
Expand the channels

In order to meet the increased demand for specialised skills in a candidate short market, employers need to expand their recruitment sourcing channels to include relying on internal recruitment teams and their own social media, as well as...

Tuesday, December 1, 2015 - 08:04
A step backwards

A number of issues have weighed heavily on the South African economy. Noticing Eskom’s inability to keep the load shedding down, also not forgetting the high rate of unemployment in South Africa. South Africa lost over 160,000 jobs in the past...