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April 2001
Fast growth

Alacrity Financial Services, the JSE-listed short-term insurance brokerage, has reported a turnaround in its fortunes, with a R19,8 million improvement in earnings for the year ended 31 December 2000 compared with the...

April 2001
House keeping

Householders hoping to reach the optimum balance of short-term insurance cover and price should carry out an annual policy review with their insurance advisors.
Comments Dave van Alphen-Stahl, GM Personal...

April 2001
Hit-and-run challenge

Jeffrey Maduo was happy and in high spirits. It was December, he had spent the last few hours at an office party and had just been dropped off on a corner a block away from his home in Mitchell’s Plain.

...

April 2001
Electronic paper

STRATE is an acronym for Share Transactions Totally Electronic, and is to replace paper certificates with an electronic register of ownership. STRATE is an important development in our financial markets, introducing...

April 2001
Place your bets, please

Hedge funds come in various guises. Here is a quick run-down of the more familiar types.
Long/Short Equity: This is perhaps the most traditional of all hedge fund strategies and involves the purchase of...

April 2001
Made simple

One of the benefits of this offering is that both products are administered locally with clients able to obtain real-time access to their statements through the call centre.
Momentum Wealth has introduced...

April 2001
Clean Bill of health

Those investing in offshore unit trusts will be aware of the increased regulatory requirements. This extra layer of security as for example in Jersey, is part of a global initiative to combat money laundering....

April 2001
Binding ethics

The new SA Underwriting Managers Association (SAUMA) is gradually getting things off the ground. Manager Doug Everitt says the association has been set up to encourage professionalism in the underwriting manager...

April 2001
Cheap and essential

Professional Indemnity (PI) insurance protects the insured against legal liability claims, which may arise as a result of negligent breach of professional duty. It normally covers damages claimed and awarded against...

April 2001
Don’t get broke

Ideally, the relationship to be achieved with the insurance broker is one of mutual confidence, trust, integrity and openness of communication. Clients rely on his expertise, his professional knowledge and...

April 2001
Handy system

CSIR Defence Technology, Defencetek, has opted for Guardware fingerprint recognition systems to protect its high security Defence Electronics Programme research and development laboratory, says Ron Hammon of Elmer...

April 2001
Profit centre

The long term cell in the financial services arena are structures through which larger companies can finance their risk benefits effectively.
“Traditional assurance of risk benefits such as group...

April 2001
Easier 2000

Catastrophes continued to wreak misery and material havoc last year. According to preliminary figures from Swiss Re, major events worldwide claimed 17 000 lives and caused losses totalling US $38 billion, including an...

April 2001
As important as ever

The export trade is important to every country as a source of foreign capital, as a means of leveraging growth and promoting domestic employment, and as an instrument for pursuing foreign policy. The demand for export...

April 2001
Offshore guarantee

Metropolitan Life has made it possible for prudent investors to get exposure to international stock markets in a secure and protected way with the launch of its Guaranteed Index Plan.
This has the...

April 2001
i-compli, do you?

For most people who need financial advice, the choice of a broker is a key decision. Ideally, you should choose a broker who has your interests at heart, who is well qualified, is experienced and who complies with...

April 2001
Parsimony

A national savings initiative backed by prominent South African leaders is being launched to address South Africa’s dire savings situation.
The South African Savings Institute (SASI) is to he launched in...

April 2001
Broad advance

Most of Sanlam’s business units did well for the group’s year-end to 31st December 2000. Sanlam reported a net inflow of funds of R777 million against a net out flow of R10,4 billion in 1999. Most businesses...

April 2001
Ship shape

The appointment of Dr Leon Vermaak as chief executive officer of Sanlam from Ut May 2001 makes him the youngest ever to head the company. It comes at a time when perhaps marketing and people skills outweigh the...

April 2001
A matter of fact

Businesses employing or contracting the services of Financial Advisors will now be able to check their financial stability through 1TC’s newly enhanced product FACT.
Following research within the financial...

April 2001
Stumbling dinosaurs

The life assurance industry may well be one of the largest and wealthiest financial sectors in South Africa, dominated by a few very large players; but their days of profitable growth will be over if they fail to meet...

April 2001
Sharp improvement

Santam Insurance reported a sharp turnaround in fortunes for its latest financial year ended 3l December 2000. Underwriting performance moved from a R13m loss the first half of the year, to a profit of R114m in the...

April 2001
Shrinking wrap

In 1982 I began keeping a record of the interim underwriting results of most of the major short-term insurers. Initially, the list comprised nine companies, which accounted for a little over 80% of the general...

April 2001
Recovery

Mutual & Federal made a R33m profit in the second half of its latest financial year, recovering its first half loss to end up with a small R2m underwriting profit for the year ended 31st December 2000....

April 2001
Still space

Sanlam Unit Trusts says it still has offshore capacity, for investors to buy into the company’s range of rand-denominated foreign funds.
Chief Executive Fanie Lategan, says government’s decision not to...

April 2001
From broker to insurer

Alexander Forbes has acquired a short term underwriting licence to operate as Alexander Forbes Insurance Ltd (AFI).
Over the past two years the group has, through increased focus on the individual consumer...

April 2001
Privatisation delayed

The National Treasury announced early March details of the proposed restructuring of SASRIA Limited following several months of industry consultation and independent market analysis. The plan proposes that Government...