• Sharebar
October 2001
Sanlam offers a way out

Investors with traded (second hand) policies can now switch their investment into the Stratus International Endowment, a foreign currency offshore investment from Sanlam. This special offer is specifically aimed at reducing the adverse effects of...

October 2001
Old problems

Various articles have been written about the benefits of selling, buying and owning second-hand policies. Most articles and brokers mention the tax benefits. Selling the policy gives rise to tax-free proceeds for the seller or original owner....

October 2001
Stay away from the STRATE and narrow…

Most people would be stupid to buy shares. Given the horrendous entry costs it doesn’t make economic sense.
We did an exercise that shows you need an annual return of 11,51% on a R5 000 equity investment just to cover the costs. And to match...

October 2001
Joining forces

Barclays has joined four of the world’s leading financial institutions to create the first-ever Global ATM Alliance. The group’s first major initiative will be to provide more than 36 million people - including South Africans travelling overseas...

October 2001
Right advice

In terms of Section 15 of the Financial Advisory and Intermediary Services Act, 2001 (FAIS), regulations set down Codes of Conduct that control the business practices of various service providers. All are subject to the General Code of Conduct,...

October 2001
Regular increases

Sanlam Employee Benefits (SEB) has a recently introduced with-profit pension product, called Quantum Pension, it is specifically designed for members entitled to a pension, and provides for regular increases with the opportunity to participate in...

October 2001
Behind the call

Despite the fact that the volume of warrants traded on the JSE has increased by more than three times from 1999 to 2000, the investor community remains relatively uneducated about the merits and demerits of this investment opportunity. This is...

October 2001
Clearer picture

South Africa’s investment and asset management industry needs to be more transparent in reporting performance and in the way such tables are presented to the investing public, says Sam Camilleri, chief executive of Gryphon Asset Management....

October 2001
Behind the scenes

Investment Solutions operates a multi-manager business targeting institutional funds and the private investor. It has total assets under management of R35 billion as at January 31st 2001. A comprehensive and defined investment process, utilising...

October 2001
Sell in May

Research carried out by Investment Solutions, based on a J P Morgan Securities study, shows that on average share prices reach their highest returns during December and January of each year. The study, which analysed returns on the Financial...

October 2001
More hope emerges

Local bonds and equities should continue to provide returns higher than cash over the next 12 months, providing that the US economy showed signs of improving towards the end of the year, says Peter Linley executive director of Old Mutual Asset...

October 2001
Need caring employers

It is harmful and costly to ignore workplace stress, notes Guardrisk in its May/June 2001 Update, and discussed at the SARIMA conference.
It says that a certain amount of stress is healthy and many people produce their best work tinder...

October 2001
Half there

TWIG SA recently produced its third insurance broker survey, undertaken to obtain the community’s views on short-term insurers. In all it conducted a total of 1 379 interviews (703 personal lines and 676 commercial lines).
Most of the...

October 2001
Going it alone

Despite the phased introduction from 1 January this year of the SA Institute of Chartered Accountants’ accounting standard AC116, almost half of the participants in the 2001 Old Mutual Healthcare Survey indicated that the pensioner health care...

October 2001
Electronic brother

Mutual & Federal has recently upgraded its website to include a fraud report facility. This will allow site visitors to log details of suspected cases of fraud, theft or other alleged crimes.
This follows the creation of a Tip-Offs...

October 2001
Low income subsidies

Xpress Care is marketed and administered by Medical Express South Africa, and currently offers two options, Millennium and Whole Life Med. Both are targeted at middle income earners who are looking for a well-priced, reliable scheme with a strong...

October 2001
Prophetic....

On September 18th 2001 it was announced by the JSE Securities Exchange that it will introduce an additional levy on equity share trades to cover costs of insider trading investigations. This will he 0.0007% of traded value; for example, an extra...

October 2001
Flight to quality

Mutual & Federal maintained the improvement in its underwriting results with another six-month in profit, at R28 million for the period to June 302001. This compares to R33m for the six months to December 2000, and compares to a loss of R31m...

October 2001
Solid growth

Santam has weighed in with a large underwriting profit of R52m For its six months to June 30th, compared to a R13m loss the same period last year. In calendar 2000 it achieved an over-all underwriting profit of R101m, boosted by an exceptional...

October 2001
Getting fingers burnt

For many it is that time of year again when people start preparing bonfires for that inevitable November 5th fireworks display. It is also a time when people are injured, sometimes quite severely, and animals are frightened to distraction. This...

October 2001
Loyal treatment

OUTsurance, the direct short-term insurance operation in the RMB Holdings and FirstRand stable, posted strong results for the financial year ending 30th June 2001. Gross premium income increased 5100 to R425 million (2000: R281 million),...