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November 2000
Anomalies again

Following on from our cover story of last month on Capital Gains Tax (CGT), the accompanying table from PriceWaterhouseCoopers shows a comparison of the effective rates of tax after inclusion of CGT, for various...

November 2000
Take 11 of the best

Sage Unit Trusts has established its 11th unit trust, the Sage Multifocus Fund of Funds, offering investors a broadly-based unit trust investment vehicle. This fund is targeted at investors who seek diversification...

November 2000
US way

In 1999, outsourcing constituted over 75% of the total call centre market worldwide, representing a value of US$ 18,4 billion, according to Dialogue Communications, a local call centre business operation. It says it...

November 2000
Hedging bets

NIB International (NIBI) has recently introduced new fund-of-funds that invests in hedge funds and is structured to produce a consistent return of between 10% and 12% per annum in US Dollar terms, and aims to keep...

November 2000
Wrapping it up

Sanlam Personal Portfolios (SP2) has expanded its range of wrap funds by launching three offshore options.

These will suit investors seeking conservative, moderate or aggressive portfolios. The funds will...

November 2000
Liquidity question

A futures trader can trade virtually any market he wishes, and he is limited only by the size of his account and the important aspect of liquidity. Properly, a trader should ensure that the markets he trades offer...

November 2000
Gilt strategy

The volatility in financial markets in the first half of the year had a negative effect on a number of segments, including the South African bond market, with foreigners selling a total of R15,2 billion, more than...

November 2000
Billions despite volatility

In spite of continuing market volatility, the unit trust industry experienced a healthy net inflow of R3,1 billion during the quarter ended 30th September 2000, according to the Association of Unit Trusts (AUT). This...

November 2000
Eastern promise

Sanlam Unit Trusts has broadened its choice of rand-denominated international unit trusts (at least 85% invested offshore) to four with the launch the beginning of October of the Sanlam Asia Pacific Fund of Funds. It...

November 2000
WAP!

Information on medical service providers countrywide is now available virtually instantaneously, thanks to a new application of WAP cellphone technology by Sanlam Health.

This service is available to...

November 2000
All in one

The Financial Services Board (FSB) has invited the public and interested parties to com¬ment on the Investment Services Bill, 2000 which aims to bring the regulation and supervision of all aspects of the South African...

November 2000
Balancing act

Over the years the cost of insurance has continued to rise in the face of a persistent upward trend in crime, fraud and arson. Claims costs have also been affected by inflation generally and by the weakening rand in...

November 2000
Investment idea

Sanlam has a capital guarantee product called the Pension with Capital Repayment, that allows retired persons to draw a lifelong monthly pension, while still preserving the full-invested amount for their next of kin...

November 2000
Where there's a will...

For many years astute financial planners have been using trusts to provide tax-effective estate planning for their clients. “However, many of the benefits are lost through incomplete and rushed transactions,” warns...

November 2000
Savings product

Metropolitan Life has launched an endowment savings product, Multi Cash Plan, which allows investors to access a portion of their capital before the end of the term of the policy. Clients will be able to withdraw a...

November 2000
Playing fair

‘Widow conned out of JSE listed shares worth R53 000,’ read a headline of the Star newspaper in August 1993, remarks Lana van Zyl of the National Inspectorate of the Department of Trade & Industry. “The Consumers...

November 2000
Reversal of fortune

Ever tried to get a bank debit order reversed? Chances are you faced an uphill battle. And though there is nothing laid down in law, the bank would invariably infer there was. For example, it was common practice to...

November 2000
No barrier to good providers

There were two burning issues during the process of finalising the Financial Advisory and Intermediary Services Bill, 2000 (FAIS): the costs of regulation and the barriers to conduct business as financial services...

November 2000
OUTsurance method

Rand Merchant Bank Holdings (RMBH) must be surprised at the success of its direct insurance company, OUTsurance. It only started a little over two years ago (28th February 1998), soliciting leads by normal below the...

November 2000
Mixed bag

Fedsure financial services group says it achieved “good overall results for the six months ended 30th June, despite difficult market conditions.” Fedsure’s core life business increased its earnings by 30% and...

November 2000
Building for the future

Sanlam has recently introduced a new investment product concentrating exclusively on the local South African property market. This is being made available to Sanlam clients as a further choice in its Stratus...

November 2000
Image repair

Salvage operators Bonerts has announced that it is on the expansion trail. In March this year, the company, which has been operating in the business for about 33 years, sold 90% of its shares to JSE-listed diversified...

November 2000
Working well

Questions about income protection in the event of disability have been a cause of concern to employers, employees and the assurance industry for quite a number of years. The requirements of the Labour Relations Act...

November 2000
All together?

The total removal of commission caps on all products is still strongly opposed by the long-term assurance industry, according to a joint statement by the Life Offices’ Association (LOA) and the Black Brokers’ Forum....

November 2000
International window

The Johannesburg Stock Exchange (JSE) has recently announced its new listing requirements, intended to comply with international ‘best practice’, and foster greater confidence in the market through improved Generally...

November 2000
Weighty issue

Medical schemes are getting very twitchy about the new legislation and the fact the government has powers to make significant changes and rulings by regulation. The latest fear is that waiting periods will be scrapped...

November 2000
Ten over 20

Despite the weak performance of local equity markets, good investment strategies resulted in favourable returns from the ten wrap funds of Sanlam Personal Portfolios (SP2) over the past 12 months, says the company....

November 2000
Less means more

Mutual & Federal was given the green light October 17th by the Financial Services Board (FSB) to acquire the majority stake of competitor CGU Holdings Ltd. This is according to managing director of M&F Bruce...

November 2000
Tax hit

Metropolitan says its premium income rose 26% for the nine months to 30th June 2000.

Group recurring premium income was up 8%, and single premiums rose 81%, with Metropolitan Employee Benefits growing 230...

November 2000
Broader horizons

The explosion in product range and diversity in the financial services sector in the past decade is having a profound effect on the role of life assurance intermediaries.

Gone are the days when most...