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February 2002
Tread carefully

Tyres are one of the most important components on any vehicle, and more often than not the most neglected, says Volkswagon. They contribute to the vehicle’s ability to handle and brake efficiently and safely under...

February 2002
A sure choice

Saambou’s wholly-owned subsidiary, Natsure, was nominated a couple of months ago by the Chartered Accountants Medical Aid Society (CAMAF) as its preferred provider of personal lines short term insurance to its 17 500...

February 2002
Could be...

Research funded by Hannover Reinsurance Group Africa and conducted by Dr Andrzej Kijko and Mr Paul Retief of the Council for Geoscience suggests that floods and droughts are not the only natural catastrophes facing...

February 2002
Churning not the issue

On a purely analytical basis, it was impossible for brokers to be responsible for churning or switching memberships between medical aids to the extent alleged by the Registrar of Medical Schemes says Mark Arnold,...

February 2002
How to complain

The rules are called the Rules on Proceedings of the Office of the Ombud for Financial Services Providers, 2001, and are introduced in terms of section 26 of the Financial Advisory and Intermediary Services Act....

February 2002
Buying your own

The large-scale shift from defined benefit to defined contribution funds has given retirement fund members the choice of purchasing their own pensions when they retire, removing the onus from the employer. This is...

February 2002
Portfolio selection

A new investment exchange offers retirement fund managers a direct, single point of access to a wide range of South Africa’s investment managers and portfolios.

Called Portfolio Selections the exchange...

February 2002
Bonus warning

For the past three decades South African investors, just like most people worldwide, have become accustomed to an environment of high inflation and high interest rates. In such an environment prices are constantly...

February 2002
Assets surge 24%

Buoyant equity markets as a result of the depreciating rand together with strong inflows increased local unit trust assets under management by 24,3% to R174,6 billion for the last quarter in 2001. This compares to R43...

February 2002
Volatile times

Over the past two years R112 billion worth of investment assets - life policies, retirement funds and unit trusts - have been transferred as a result of mergers and takeovers. The two biggest in this figure is a large...

February 2002
Not that bad

Contrary to initial reaction, unit trust investments will not necessarily face onerous taxes following the introduction of Capital Gains Tax (CGT) on October 1st this year. Indeed a tax liability will not arise at all...

February 2002
Look for balance

The last decade has witnessed enormous change in the South African investment management industry. None more so than the large number of South African based independent asset managers that have started operations and...

February 2002
Buyer protection

The increasing demand for property valuations following the introduction of Capital Gains Tax should give a welcome boost to Home Inspector and Home Warranty Services, which offer the following products:

...
February 2002
In the right vein

The year-end exams, the long Christmas holidays, and the slow three-week business return to work in January all combine to make the season a slack period for blood donations. Once again, most of the country is “in...

February 2002
Wet behind the ears

Blaming the rand’s weakness on speculators selling the currency short is missing the point.

True, the rand is facing fierce negative trading through dealers selling rands that they do not possess for...

February 2002
Fiduciary duty

Changes to pension fund regulations will place an explicit responsibility on trustees to define investment strategy and objectives for their funds in the form of an on-record investment philosophy statement....

February 2002
When push comes to shove....

Since the early 90s thousands of companies in South Africa have closed down citing, not economic difficulties or failures in business strategy, but  ‘labour problems’. Loss of jobs through withdrawal of...

February 2002
Dim view

The pension fund industry’s lack of confidence in the expediency of regulatory processes has resulted in a culture of lawlessness that urgently needs to be addressed.

This is the view of Pensions Funds...

February 2002
Balancing act

Millions of people could stand to benefit from the redistribution of the estimated R80 billion of surplus assets in the pensions industry. What is not clear is who will ultimately enjoy a welcome boost to their...

February 2002
Turning clients away

If the South African authorities do not take cognisance of the fact that British over-regulation has discouraged savings in the UK, then the same fate will befall this country, says Brian Benfield, Professor of...

February 2002
Getting information

Since the launch of the Internet online portfolio service provided by Astute Financial Services Exchange in early July 2001 a significant number of users have signed up. Comments MD Biddie Biddulph, “Although there...

February 2002
Let sleeping dogs lie....

Property owners must carefully consider their options when determining their potential liabilities in terms of Capital Gains Tax (CGT). As discussed in our last issue there is a window of opportunity for individuals...

February 2002
Closing in

The Estate Agency Affairs Board has initiated consultations with the Commercial Crime Unit (CCU) of the SA Police. This follows a spate of high profile revelations of widespread fraud in the profession.

...

February 2002
Wasting time

Wednesday dawned promisingly. It was cold and wet, just the day to go to court to battle the enemy and hopefully win the day.

The case concerned alleged negligence by a pilot who ignored standard take-off...

February 2002
SA departure

It’s a great pity when a worthy competitor decides to leave the South African market. The Allianz Group of Germany and the Generali Group of Italy (trading here as Standard General) are recent leavers. Now another...

February 2002
Time and again

Success for the country’s vehicle tracking industry continue to roll in. And it is not just the fact there is a very good chance of recovering your TRACKER fitted vehicle in the event it is stolen; it is remarkable...

February 2002
US blow

Aviation underwriting rates have rocketed since the September 11th attack on the World Trade Centre, putting added pressure on an already beleaguered industry, says Anne Andrews of Glenrand MIB Aviation Insurance...

February 2002
Another cash flow hitch

Company directors, who will have tax deducted as PAYE this year, are worried the move might severely affect six-monthly cash flows, says Maeve Kolitz, Tax Consultant to Moores Rowland Chartered Accountants....

February 2002
Capacity pinch

Mutual & Federal says it has finalised its reinsurance programme for this year after, what it describes as, “protracted negotiations.”

Managing director, Bruce Campbell, says, “Eventually, quality...