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October 1998
Budget changes

The income of a trust, not for the immediate or future benefit of a trust beneficiary, is generally taxed in the hands of the trust. On the other hand, where trust beneficiaries have a vested right to trust income, such income is taxed in the...

October 1998
All for one...

A multi-manager, multi-styled concept needs a good, well- balanced team that will outperform a collection of individuals. A team of all-stars will achieve spectacular success. No single player, no matter how gifted, possesses all the skills of a...

October 1998
Sound advice

Surrendering one’s life policy as a way out of financial difficulty is rarely a good idea. Apart from losing out on future benefits, the client often receives poor value because the high administrative expenses have to be recouped over a shorter...

October 1998
Petrol pilferers

We pretty well appreciate the benefits of the credit card, but few of us seem to be aware of the hidden catches.
Credit cards provide a secure means of making payment for a wide variety of goods and services. They avoid the need for carrying...

October 1998
Transport cover

For the first time in Sub-Saharan Africa, limited ‘war on land’ cover can be obtained. Astra Maritime Underwriting Managers, together with Hollard Insurance, has introduced a product which covers overland commercial vehicles and their cargoes...

October 1998
A right capital idea.......

Sanlam’s plan for a stock market listing the end of this year will inject much needed capital, a profit ethic and entrepreneurial enthusiasm into a restructured, leaner group.
Sanlam policyholders have now been asked to vote on the company’s...

October 1998
Now or never.....

Educating your child in South Africa is a costly process nowadays and will only worsen as government subsidies decrease and parents perceive the need to place children in private institutions. It is clear to all that are trying to fund future...

October 1998
Bancassurance bane?

As banks and other financial institutions combine into larger conglomerates, their need for highly sophisticated network systems becomes all the more vital for efficient delivery of client services.
Dimension Data Networking, part of the JSE...

October 1998
Checking up the board

Corporate Governance’ concerns the way companies are controlled and directed.
Back in the Nineteenth century companies were still generally owner- managed businesses, typically family owned. Since there was no distinction between managers...

October 1998
Better bet

The two new insurance laws: the Life Insurance Act 1998 and the separate Short Term Insurance Act 1998 have finally completed their passage through Parliament. They will become law on 1st January 1999. Both laws embody important consumer...

October 1998
Progress report

The recently merged employee Benefits Company in the FirstRand Group will operate under the name Momentum Employee Benefits, Niel Krige, chairman of the new company, announced recently.
“The operation which merges the strengths of the...

October 1998
Asset stripping

The government’s intention to nationalise SASRIA (Special Risks Insurance Association) may be a bad idea — but it isn’t surprising either. A profligate government has been eyeing the R10 billion of investments held by the association for some...