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February 2004
Record inflows 2003

In spite of volatile markets, South Africa’s unit trust industry showed strong growth in 2003 with net inflows doubling to a record R38,9 billion, says Association of Collective Investments CE Colin Woodin....

February 2004
Turnaround

The past year has been an exceptional one for Sanlam Collective Investments. Not only was the Sanlam Select Trust ranked as the best-performing fund overall in the unit trust industry for the year ended 31st December...

February 2004
Time for stability

Is the current trend in falling rates sustainable over the longer term? Would it be fair to say we are entering a new economic era; and can we really look forward to pre-1974 rates on a sustained basis? Or, are we ‘...

February 2004
Sound practice

The sands are running out for brokers and financial advisers to make sure that their businesses comply with the proposed FAIS regulations. Although the date is still to be finalised, Emil Scheepers, head of Sanlam’s i...

February 2004
Legal minefield

Joe Manager has a perplexing problem. It’s high production season and his chief machine operator has disappeared into thin air. There was no obvious reason: there had been no dispute at the factory; he didn’t complain...

February 2004
More red tape

The regulatory requirements that govern labour and employment issues in South Africa have been expanded considerably in the past few years. Employers must now consider and adhere to several additional regulations and...

February 2004
What about the workers

A number of regulatory requirements have been imposed or elaborated on in the past number of years, and all of which concern small business owners who are also employers. These regulations are contained in the...

February 2004
Tricky foundation

Property transactions with foreign customers in the Western Cape are becoming more the norm than the exception, and it is therefore important for all concerned to keep abreast of the taxation and immigration...

February 2004
Making the choice

“Contrary to some popular opinion, there is no right or wrong when it comes to choosing between ‘occupational disability’ and ‘impairment’ policies,” says Ralph Richardson, Head of Momentum Collective Benefits. “It...

February 2004
More choice, harder decisions

The role of an employee benefit consultant, to provide advice to Trustees, has changed significantly in recent times.

Prior to the early 1990s the vast majority of funds were defined benefit, so members...

February 2004
Tax option

Investors in unit trusts which are set to merge over the next few months should, in the normal course of events, not incur any Capital Gains Tax liability through the funds’ amalgamation, says Di Turpin executive vice...

February 2004
Look for consistency

Thinking about getting back into the markets or entering those seemingly turbulent waters for the first time? With over 400 unit trusts to choose from that’s easier said than done. Glenrand MIB financial advisor Rudi...

February 2004
Peace of mind

The latest Glenrand MIB Investment Survey, issued late January “probably marks the end of an era,” says Andrew Crawford, CEO of Glenrand MIB Benefit Services. “Draft Regulation 28 has been around for some time and was...

February 2004
The costs of living

Several decades ago most people died or were disabled following cancer, a heart attack, a stroke or a bypass. Nowadays the chances of survival are far higher - but the financial implications can be devastating, says...

February 2004
Steering clear of problems

Tracker says it has overcome certain grey areas that would otherwise preclude motor manufacturers and insurance companies from endorsing the fitment of electronic tracking systems in South Africa.

“We...

February 2004
All right for large groups

Deneys Reitz on employment law: Irvin & Johnson Ltd v Trawler and Line Fishing Union and others 2003

The applicant sought an order declaring that the voluntary and anonymous HIV testing of its 1100...

February 2004
Global outsourcing

After all the hype surrounding offshore call centre outsourcing during 2003, and concerns of jobs moving overseas, a new report by independent market analyst Datamonitor, predicts that only 5% of an estimated 4,78...

February 2004
Weaker trend

The long-term insurance industry’s results for the six months to 30th June 2003, weakened compared to the same period the previous year, says Gerhard Joubert, executive director of the Life Offices’ Association (LOA...

February 2004
More for your money

Mapp Healthcare has introduced MedishieldPlus, ‘an easy-to-understand medical aid product range’, which it says addresses two key issues:

• The high cost of health cover; and,
• The need for prompt...

February 2004
Fraudulent claims rejected

The recent Appeal Court ruling in favour of Santam and Commercial Union (CU) against two claimants represents a victory by insurance companies against fraud and improper disclosure. “The companies’ dogged...

February 2004
Schemes on schemes

Administrators and medical aid schemes have clubbed together to launch a new ‘fraud busting’ service called Forensic Management Unit (FMU). It is being run by Metropolitan Health Group (MHG), Old Mutual, Discovery,...

February 2004
Getting redress

Can an employer recover losses inflicted by a dishonest employee by ‘attaching’ some or all of that employee’s pension benefit? In short, the answer is ‘yes’, but there are some important technical considerations,...

February 2004
Making mistakes

South African Courts have gradually recognised situations in which liability for omissions can be regarded as wrongful and can give rise to liability.

One of the best-known cases is that of Carmichele v...

February 2004
Getting personal

Few businesses are ever loan-free. Generally the lender requires some kind of security for the loan in the form of a pledged asset, covering mortgage bond or the signing of a surety ship or guarantee by a director,...

February 2004
Making the best of it

Employers and employees are not making the best use of the available tax allowances when considering pension and provident fund contributions, says Maryann Middleton, director at legal firm Deneys Reitz.

...
February 2004
Like a Pro

“Medium to long term investors are faced with an investment journey in the hope of reaching their destination. Research has shown that most private investors seek to preserve their hard-earned capital over their life...

February 2004
Making a plan

I have come across a very useful reference book for home builders and DIY enthusiasts. Called Building Construction & Graphic Standards this 308-page soft cover in A4 format provides a wealth of facts and...

February 2004
Gotcha

According to a survey carried out by Monkton Insurance Services Ltd and Quest Management Services Ltd, South Africa’s Guardrisk has now been named the world’s second largest specialist captive insurer (in US dollar...

February 2004
Better deal for passengers

The latest Convention slated to replace the Warsaw Convention, has been signed at last by the USA and Cameroon bringing the number of signatories to 31. This means that Montreal 1999 came into force from 4th November...

February 2004
Added value

Mutual & Federal says its towing service, launched last April in the greater Johannesburg area, is “proving a huge success.”

Keith Kennedy, Executive General Manager for Claims at Mutual & Federal...

February 2004
Telkom twister

If you were asked what a local call would cost in your area, would you assume it was the ‘local rate’? Most people would. We asked various business people, those in management, friends and even the man-in-the-street....