• Sharebar
November 1998
Looking for value

Those who invested, either directly in shares on the Johannesburg Stock Exchange, or indirectly through unit trusts for the short term are currently realising the error of their ways.
With mortgage bond rates at record levels, many investors...

November 1998
All for one...

Multi-manager investing is one of the major trends in international investment markets, highlighting the desirability of diverse specialist skills in an increasingly complex and turbulent global economic and investment arena.
Essentially,...

November 1998
Leave it to choice

There has always remained a little doubt, however small, over the use of anti-theft devices in motor vehicles. From the simple steering lock, basic immobiliser, or the remote locking devices to various gear-locks, anti-tampering gimmicks, and...

November 1998
Stabilising influence

According to edition 9 of Sanlam’s comprehensive biennial survey of Retirement Benefits in SA, released in October 1998, retirement benefits in fixed benefit and fixed contribution funds have stabilised in the last two years with few new trends...

November 1998
Explaining the falls

As we all know, investment markets have dropped sharply in recent months. The resultant reductions in investment asset values, as well as the rising interest burden on consumers, have created a climate of uncertainty. This was a market reversal...

November 1998
A bit dodgy

Policyholders are naturally concerned about the reduction in bonus declarations by life assurers. No product has been left unscathed by the stock market battering, even guaranteed policies.
Clients are obviously annoyed about the fact they...

November 1998
Lot of confusion out there

Sooner or later, banks are going to run out of names of persons to whom they can approach to sell life assurance and related products. The real market out there is the so-called ‘emerging market’, and there aren’t many black people who have bank...

November 1998
A resounding ‘Yes’

Sanlam’s plans to demutualise received a resounding ‘yes’ vote at its special general meeting held 15th October. Though members were entitled to attend very few appeared, preferring to rely on their postal vote. Of the group’s 2,2m policyholders...

November 1998
Costing less

The BOE Group has launched a direct short-term insurance operation called NBS N-SURE!Line. As part of the repositioning of the NBS Insurance Company, it will offer customers a range of insurance products from householders’ cover to insurance on...

November 1998
A sage comment

Regulations pertaining to the new Insurance Acts are currently being drafted to provide for full disclosure in the financial services industry and it is expected they will be introduced the beginning of 1999.
Jan Steyn, ombudsman for the...

November 1998
Upheaval everywhere

The insurance industries of Europe, Japan and the US are undergoing radical change, comments Swiss Re in its Sigma-prospect report on non-life markets. In Europe, liberalisation and deregulation have led to increased competition, particularly in...

November 1998
Saving face

Cassidy Davis has a fairly new product out that should be of interest to South African businesses wishing to insure against product contamination and the costs of withdrawing faulty goods from the market.
It is called Total Recall and is...

November 1998
Old problems

New rules concerning the so-called ‘Substitution clause’ came into effect 1st October 1998. This is probably the most controversial of the 15 life industry agreements administered by the Life Offices’ Association (LOA). It is intended to prevent...

November 1998
You can still object.......

Insurance Registrar and executive officer of the Financial Services Board (FSB), Rick Cottrell, points out that concerned parties still have a right to object to the demutualisation process of Sanlam, even though approval was given at the Special...