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September 2000
Last minute

The authorities are currently finalising their approach to the deregulation of maximum commission payments in the insurance industry. This so-called de-capping of commissions will mean that a financial service...

September 2000
Put it to the test

Have you ever felt moved to get hold of the CEO of your bank? Usually banking customers have almost no, or very limited, access to the top management of their bank, creating the impression that they are not really...

September 2000
Opportunity knocks

Sanlam thinks that financial shares on the local stock market are about to go up, and has therefore decided to launch a unit trust for those investors who agree.

Called the Sanlam Financial Fund it will...

September 2000
Scientific structures

A new specialist fund management company, Integral Quantitative Asset Management (IQAM), has been launched in Cape Town with strong backing from JSE companies Liberty Life and Super Group. The company will specialise...

September 2000
Short-term move

m3 Capital has recently launched a range of new life investment product multi-manager portfolios, that “combine, refine and enhance multi-manager philosophies.” It has also changed its underlying managers, to “effect...

September 2000
Time to act

A further decrease in interest rates could be a catalyst to initiate an upswing in the SA economy.

“In spite of poor equity performance over the first half of the year, fundamentals for the SA economy are...

September 2000
Friend or foe?

Whether you regard the futures markets as friend or foe they are a necessity and affect the lives of all of us although we may not even be aware of their existence. These markets handle the food we eat, the clothes we...

September 2000
Viral warning

The recent spate of malicious computer viruses and attacks have convinced companies that cyber-security must be taken seriously, says Guardrisk in its latest Guardrisk Update for May 2000. It says that 9 000 new...

September 2000
SA regulation chaos

The latest idiocy to come out of the ongoing but stuttering discussions between the aviation industry and the Government is that under Part 138 dealing with Air Ambulance or EMS services, the medical attendants and...

September 2000
Tough conditions

SA Eagle, the third largest short-term insurer, has declared an increased interim dividend of 250 cents per share (1999 190 cents) for the six months to 30 June.

Headline earnings were marginally down at...

September 2000
Size counts

The results reflect certain changes in accounting policies and are presented in a revised format to provide better disclosure as to the operation of the entity during the period.

Net premium income...

September 2000
Global trend

The globalisation of the insurance industry has resulted in a fundamental change to the structure of the South African market, a development that has led loss adjuster, GAB Robins, to embark upon an expansion drive....

September 2000
Now see here

In terms of the Short Term Insurance Act 1998 Section 55, the Registrar can introduce rules for both the life assurance and the short term insurance industries. For the latter these are called:

The...

September 2000
Exchange service

An independent company to provide an interactive electronic information exchange service for the long-term assurance and related financial services industries has recently been formed.

This company,...

September 2000
Major micro problem

The decision by government to stop all non-statutory deductions from the salaries of public servants without consulting all stakeholders “is not acceptable,” says the Life Offices’ Association (LOA). And it says it is...

September 2000
Personal pools

Momentum Wealth recently introduced a pension and provident fund product designed for small and medium sized companies. Essentially it allows traditionally pooled pension or provident fund investments to be...

September 2000
Making it simple

With the final due date for the completion of the annual tax returns less than two months away, Sanlam has announced that its advisors are ready to assist clients.

Deon Lessing, marketing director of...

September 2000
Finding gold

Goldfield Underwriting cc (GU) has been fully mandated to take over the administration and management of the Global Insurance Company’s existing marine and aviation portfolio as duly appointed underwriting managers...

September 2000
Change of fortunes

Liberty Asset Management says five of the eight funds of Liberty Unit Trusts were placed in the top quartiles of their respective categories over the quarter to June 2000, according to the Unit Trusts Survey published...

September 2000
Whole picture

Fedsure Life has launched two new products recently: the new Whole Life; and High Cover. These will replace the existing Magnum and Super Magnum series.

“The new products offer extremely competitive rates...

September 2000
Shaping savings

The retirement fund industry makes an immense contribution of some R605 billion to the South African economy. The industry underpins the country’s financial system, being responsible for the bulk of the trade on the...

September 2000
Restructured benefits

Alacrity Financial Services, the JSE-listed short-term insurance broking business, showed the first signs of a financial turnaround in the six months to end June, posting a profit of R0,1 million compared to the R5,1...

September 2000
Niche gain

Guardrisk reports that its premium income rose by 63% to R1,37 billion, while investment earnings increased by 61% to R152,1m for the 15-month period ended 31 March 2000. During the same period pre-tax income...

September 2000
Rising populated areas

In 1999 insured losses from natural catastrophes and man-made disasters amounted to US$28,6 billion, of which $24,4 billion was caused by natural disasters and $4,2 billion by man-made ones. This amounted to the...

September 2000
Heading for catastrophe?

Projections paint a bleak picture of rising natural disasters, and growing disturbance of the world’s ecosystems and weather patterns
Worldwide natural catastrophes are consistently growing in size and are...

September 2000
Melting ice

A recent trip to the North Pole has revealed a lake over 1 km in size, claimed by some experts as the first time in more than 50 million years that the North Pole has been covered in water rather than ice.

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September 2000
Fallen idol

It has now been established that a piece of rubber from a burst tyre pierced one of the fuel tanks on the ill-fated Air France Concorde, which crashed in July, resulting in the deaths of 113 people. Whether the tyre...

September 2000
Offer approved

Mutual & Federal has reported that the majority shareholders of competitor CGU Holdings Ltd have approved its offer to acquire the company. An offer of R1 206 million for the issued share capital in CGU Holdings...

September 2000
On the Internet

Medical doctors will now have a range of facilities available over the Internet when dealing with any of the 50 medical aids administered by Medscheme, the country’s largest health fund administrator.

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