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May 2001
The longer you hold

Warren Buffet, famous American Investor and the man behind the enormously successful Hathaway Group has a simple philosophy when it comes to equity investments: ‘buy and hold’. Too often investors feel the need to...

May 2001
Burying the badies

The Financial Services Board supports the move by an insurance company in alerting the public about a company issuing funeral policies purportedly unwritten by the insurer.
In a statement Hollard Life...

May 2001
Just a thought....

History may not always repeat itself, but remarks by Francis Finlay of New York-based Clay Finlay Inc. might be worth considering. He imparted his thoughts at an International Investors morning conference held by Old...

May 2001
Making a choice

Over the past decade active fund managers in the United States have struggled to outperform the market indices, with only 40% succeeding in doing so, and this has encouraged a huge swing toward so-called ‘passive’...

May 2001
Wary of equities

Investors are still wary to enter the domestic equity market, despite rosy expectations of economic growth and declining interest rates. “Over a quarter of the capital invested through Sanlam Personal Portfolios (5F)...

May 2001
Hassle free

Sanlam has recently added a very interesting product to its Stratus range of investment services.
While no one would dispute the wisdom of investing offshore, the truth is few can afford the large sums of...

May 2001
Consumer awareness

The scales of justice are not in balance when weighing the rights of the individual against the power of the State and the large corporation. This imbalance has not been adequately addressed by our civil justice...

May 2001
Too much switching

Nearly fort’ percent of medical aid scheme members have no strong commitment to their schemes and are open to alternative offers while a further 15% are openly dissatisfied and would probably switch to a different...

May 2001
Crumpled sheets

Welfare in this country is in a mess. Whether you look at education, pensions, security or healthcare the government has extensively fallen short of its democratic commitment. You only have to read the Constitution (...

May 2001
Lung check

Guidelines for claims based on pulmonary disorders have been finalised by the Life Offices’ Association (LOA) in association with the South African Thoracic Society, according to Dr Denys Schorn, member of the LOA’s...

May 2001
Lose-lose

Medical aid schemes will be under increasing pressure to rationalize and merge in view of rising administration and medical service costs says Glenrand MIB’s Janette Clark.
The trend could result in fewer...

May 2001
Bane of doctors

Managed care in South African has larger been a cost containment exercise, introduced by medical aids in a bid to curb soaring medical inflation. It has focused mainly on pre-authorisation and management of hospital...

May 2001
Pooling resources

TELG Africa has jointly formed a healthcare consultant network, Siyasizana, a Zulu word that roughly translates as “We help each other”. TELG is a specialist medical aid service company that specialises in affordable...

May 2001
Health management

The Heart Foundation of South Africa says that heart disease is the number one killer in South Africa. One in three men and one in four women suffer from Cardiovascular Disease before they reach 60. Ten years ago, it...

May 2001
Less of a headache

When a government committed to a free market economy and privatisation sets down a proposal to create a nationalised entity — in this case, a healthcare service — then you can bet your bottom dollar that private...

May 2001
Shining example

An unsolicited financial report from Fedsure General is quite a novelty: in past years I have specifically had to request details omitted from its holding company’s year-end reports. The Fedsure Group is now subject...

May 2001
Jetting up

The first month of 2001 has shown dramatic increases in premiums over the same time last year. Hull rates have gone up nearly 40% and liability rates 21%. Premiums are up 55% for Hull and 40% for liabilities....

May 2001
Premium profit

OUTsurance, the direct short-term operation in the RMB Holdings and FirstRand stable, has recorded strong volumes of new business in the six months to 31st December 2000, reflecting significant organic growth and the...

May 2001
Beating inflation

Sanlam Life’s Stable B anus Fund has once again performed well despite a depressed market. Its policy owners can feel satisfied with the average bonuses of about 10%, as well as its taxable and tax-free policies for...

May 2001
Changing the sheets

Fedsure’s Medicross Healthcare Group is a chain of medical and dental centres, and it is now to be acquired by a consortium of private equity investors. These include funds managed by Praxis Capital, ABSA investment...

May 2001
Lifestyle protection

National insurers (Natsure), a Saambou subsidiary, has launched a new personal lines insurance policy designed around the protection of the insured’s lifestyle. This is intended to minimise the financial and lifestyle...

May 2001
Shock treatment

It is quite a shock to read such a statement in a life assurer’s year-end report:
There has been a weakening of the actuarial position of the Group’s life assurance busineses, which has resulted in an...