• Sharebar
March 2008
Formatting tip

Formatting a hard disk before installing a new operating system is pretty straightforward. But what do you do if you want to add a second hard disk to your computer? The conventional way, because Microsoft Windows XP...

March 2008
Your way

Sanlam, Santam and PSG have joined forces to create a new short-term insurance venture called ‘MiWay’. It evidently builds on the direct marketing ‘outsurance’ concept, but instead does not penalise clients for making...

March 2008
Historical fact

Diversification means that one can use assets that individually have lower probabilities of beating inflation to construct a portfolio that has superior inflation-beating characteristics. It was shown in part 1 that...

March 2008
Rebalancing act

While Collective Investments’ global equity net flows fell from US$103 billion to $31 billion in the third quarter of last year money market inflows more than doubled to $282 billion ($138 billion).

...

March 2008
Collectives preferred

A survey undertaken by the Association of Collective Investments (ACI) has highlighted the importance of financial advisers when clients make investment decisions.

“More than half of all those surveyed...

March 2008
Avoid the bombed out parts

Is the bear market underway? - It depends on which market you are talking about

The debate starts whenever the market undergoes a sizeable correction: “Has the bear market begun?”
This question is...

March 2008
Crisis of confidence

With the CPIX inflation rate now flying high above its official target range, we can’t avoid noticing that the rand is a weak currency. The latest CPIX inflation rate, is some 2.5 percentage points above the Reserve...

March 2008
Tricky tickets

In South Africa you can contract pretty well what you like. If the other party accepts the terms there is not much he can do about it. It is possible to contract out of negligence, something the UK law doesn’t approve...

March 2008
Alarm benefit

Alarm systems that fail to respond to a burglary because of power failure would not affect the claim, as long as the system was in working order before the failure.

So says Caroline Da Silva, Head of...

March 2008
Repudiations continue to escalate

The Ombudsman for Short-Term Insurance says his office has been receiving an increasing number of complaints relating to alarm system warranties in household insurance policies.

Insurers are denying...

March 2008
Outdated by outsourcing

The dynamics of South African short-term insurance have changed as the industry has evolved from an inflexible one to a colourful marketplace with forceful players eager to level the playing field.
As a...

March 2008
The devil’s advocate – a study in ambivalence

I’ll never forget a colleague telling me morosely that his work contract had just been extended by 5 years. I started to congratulate him but soon realized that what I should be doing was cheering him up.
...

March 2008
Consumer chance

The National Treasury has released for comment draft regulations in terms of the Long Term Insurance Act, 1998, dealing with revised commission structures and enhanced consumer protection for contractual savings...

March 2008
Putting down the welcome mat

The Life Offices’ Association (LOA) has welcomed the release of the draft regulations on Commission and Early Termination Values, which will form part of the Long-term Insurance Act once gazetted.

Gerhard...

March 2008
Attitude, not altitude

Actually you wouldn’t need a magnifying glass, let alone a microscope to see this one. In August last year the US airline industry came under heavy fire for having nearly 30% of flights delayed. This was the second...

March 2008
Weathering the storm

The 2008 budget gave notice of continuing strong revenue growth, strong spending growth, and the maintenance of a budget surplus as buffer against global risks.

The budget revised GDP growth expectations...

March 2008
Are you really covered?

The respondent, originally the Cape Metropolitan Council (CMC)**, issued a tender for civil engineering construction works. Labor Construction Company (Pty) Ltd together with South African Focus Projects entered into...

March 2008
Difficult motor year

Zurich Insurance Company South Africa reports that profit before tax was maintained at a similar level as was achieved in the previous year. Gross premium income rose an expected 12.54% from R3910,6 million to R4 400,...

March 2008
Positive action

As part of Santam’s focus on risk management, the short-term insurer has launched a television and radio campaign to advise consumers on ways and means of addressing the current electricity crisis. It is also offering...

March 2008
Solid performance

Santam achieved a 9% increase in gross written premiums for its year ended 31st December 2007. But its international business disappointed, and its investment income was hard hit by the recent turmoil in financial...

March 2008
Good standards

South Africa’s low income earners will soon be able to access a comprehensive choice of life insurance products that offers fair charges, easy access and decent terms as guaranteed by the Life Offices’ Association (...

March 2008
No surprise

Not surprisingly following the recent debacle at Heathrow when a BA B777 made an early arrival, rather short of the runway.

The Hull was insured for about $124 million, which is quite a nasty New Year’s...

March 2008
Trillions of gaps

An LOA study reveals South African life insurance gap of more than R10-trillion
South African families are grossly underinsured by an estimated R10-trillion, according to a recent independent study...