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July 2007
It hurts with hertz

A survey of car rental prices – we spoke to six firms – indicated a remarkable similarity in fees, suggesting that collusive and monopolistic practices are rife in the industry (see table 1).

...

July 2007
Pool resources

Young investment savvy South Africans should look at the property market as a first step towards building an investment portfolio, and a key step towards personal and financial independence.

Property...

July 2007
PUT pointer

Investors may well be questioning whether consolidation in the listed property sector will leave any Property Unit trusts (PUTs) and Property Loan Stock (PLS) companies on the JSE.

Of the 35 listed...

July 2007
Eastern promises

The demand driven characteristics of Chinese and Indian equities make them a better investment prospect for South African investors than their resource based Brazilian and Russian counterparts, according to Jersey-...

July 2007
Keeping it simple

We might not like it, be there is no doubt our industry contains superb spin doctors, according to Alphen Asset Management’s Adrian Clayton.

Writing in its recent newsletter, Alphen Angle, he said that...

July 2007
The Carry on team

You may have heard of the phrase ‘carry trade’, which refers to borrowing in one currency to invest in another. If you get it right, it’s a licence to print money.

For example, you might borrow money on...

July 2007
Inventive idea

The importance of encouraging research and development in South Africa has at last  been recognised. Increased tax incentives have been introduced through a new section 11D in the Income Tax Act. This was with...

July 2007
Tobacco terror

How many of us, when nervous or tense, light up a cigarette and feel those wonderful calming effects without realising what we are really doing to ourselves?
Indeed, medical opinion tells us that smoking,...

July 2007
National Credit Act

The National Credit Act has dramatically changed the home loan industry from the initial application stage right up to cancellation of your bond.

A mortgage agreement is regarded as a credit agreement in...

July 2007
Policy change

The introduction of the National Credit Act extends the law past lending institutions to various other financial service providers, particularly as regards the sale of life insurance in conjunction with credit...

July 2007
Potential risks

“Training and education may be the best defence against contravention of the National Credit Act (NCA).” This is the view of Nikki Wouterse, CEO of ICG Learning Solutions, the division of Educor focusing on corporate...

July 2007
National Credit Act

The NCA was designed to provide consumers with a range of rights, including additional protection against unscrupulous lenders. But this protection similarly requires consumers to play their part and “act responsibly...

July 2007
Sharing liability

As the density of urban traffic escalates alarmingly the need to share vehicle space is increasingly being taken seriously. However, there may well be motor insurance policy issues that clients would do well to...

July 2007
A will of your own

A crucial aspect of a client’s financial plan is the presence of a well thought out will. Liberty Life Head of Sales and Distribution at Liberty Life, Bobby Malabie, says many clients fail to realise that the two...

July 2007
You decide…..

New financial sector legislation expected to come into effect later this year will require financial intermediaries to choose between selling products for a commission, or giving financial advice for a fee, according...

July 2007
Waive good bye………

All car rental companies include in their daily rates a charge for insurance, referred to as ‘Collision Damage Waiver’ (CDW) and ‘Theft waiver’ (TW), intended to protect the client in the event he has an accident with...

July 2007
Unmatched for 66 years

The PPS Sickness and Permanent Incapacity Benefit is a unique product that has stood the test of time since its development in 1941 when PPS was founded. Unlike income protection cover currently available in the...

July 2007
Yes and no

The question of being ‘blacklisted’ by the insurance industry is certainly controversial. And while short-term companies say such a list does not exist, it is true that certain clients become uninsurable for a variety...

July 2007
Stress test

Homeowners would be extremely unwise to try and extend their 20-year bond period. Indeed there is a strong case for increasing repayments to shorten the life of the debt. The long-term savings are very considerable....

July 2007
Grave concern

Mention funeral cover in a conversation and you are likely to trigger accounts of how family members or friends were let down when they needed it most.

John Solomon, convenor of the Assistance Business...

July 2007
The trouble with Norton…..

I am launching a Computer Series on how best to manage your computer, to keep it safe and tidy and make it work better for you. To do that there is quite a bit of learning to do such as how to manage security risks,...

July 2007
Going DIY

Last month I advised against buying a proprietary personal computer, where possible. I gave experience with a Packard Bell as an example. But going the DIY route is not so simple. Although the last ten years the...

July 2007
Wider horizon

Travel Insurance Consultants (TIC) has spent the last 18 months gathering information and analysing every detail of its products, claims and local and international travel insurance trends. Using this data, it has...

July 2007
Survey support

The Astute financial services exchange continues to enjoy strong growth, according to the company. And intermediaries have been calling for a broader array of product options from which to select. As a result, the...

July 2007
Bulging book

Property prices have rocketed beyond belief; the JSE has reached all time highs and the pundits say there must be a correction soon enough.

It suggests, if nothing else, an increase in bad debts....

July 2007
Still no news

The official introduction of the 1999 Montreal Convention should by now have caused huge ructions in the local aviation market.

Yet there is still nothing from the Aviation Authorities or the Commercial...

July 2007
Striking a deal

Damage caused by the current strikes could be widespread.

“Strikers may not only cause physical damage to your property but business may be lost as a result of that damage. Moreover, there can be a loss...

July 2007
Saving costs

A discussion paper on contractual savings in the life industry issued by National Treasury in March 2006 identified changes to commission on savings business and early termination value as Phase 1 of its work...

July 2007
Tracing with Tracker

Two murder suspects were arrested through the tracking history of a vehicle’s security system. Tracker says that it was able to retrace the course of a stolen vehicle’s precise movements for two days prior to it being...

July 2007
Pilot error

Speaking at a recent event held by the South African Society of Insurance Medical Underwriters (SASIMU), Colin van der Meulen, CEO of Flex-Air Aviation Assurance addressed a number of issues facing the life insurance...