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September 2008
Blue sleuth paranoia

Speaking at a conference hosted by the The KwaZulu Natal Regional Institute of Internal Auditors , Kris Budnik, and Dominic White, of Deloitte’s Security & Privacy Services provided some alarming insight into the...

September 2008
Offshore always part of the portfolio

The sickness which was caused by the unwinding of the excesses in the credit, housing and financial markets in America has spread across the globe and nearly no equity market has escaped its contagion unscathed....

September 2008
Find the right price

When we meet with a fund manager, says Ian de Lange of Seed Investments, we don’t waste time discussing past performance and ask for his assessment of future performance. “Rather we try and understand their investment...

September 2008
Oo ah, me heartless!

Acts of piracy and terrorism at sea are on the rise, but there is little evidence to support concerns from some governments and international organisations that pirates and terrorists are beginning to collude with one...

September 2008
Cost cut danger

The recent surge in interest rates and increased inflationary pressure has forced companies to take drastic measures to reduce expenditure. And while insurance may appear like an easy target to cut costs companies...

September 2008
No conditions

The SA Competition authorities (Competition Commission and Competition Tribunal) have approved Old Mutual Investment Group SA (OMIGSA)’s acquisition of WIPHOLD’s 69% stake in Futuregrowth Asset Management. The...

September 2008
Secret lies

Alton Logan, 54, recently walked out of a Cook County, Illinois jail in the USA, after serving 26 years of a life sentence for murdering a security guard, when two lawyers revealed that a client had told them 26 years...

September 2008
Avoiding chaos

There are many lessons to be learnt from the ongoing Kebble saga. One of the most practical emerges from the recent judgment in Letseng Diamonds Ltd v JCI Ltd regarding the governance of companies and the position of...

September 2008
The new Companies Act

There’s reportedly dramatic fresh interest in Directors and Officers’ liability insurance cover as result of the pending new company law.

The Companies Bill, part of the government’s corporate law-reform...

September 2008
Foreign nerves

South African investors are still not making full use of offshore investment opportunities in spite of the benefits of diversifying beyond a single market, says Di Turpin chief executive of the Association of...

September 2008
Tangible impact

This Financial Services Laws General Amendment Bill amends various Acts, but the amendments to the Pension Funds Act will probably have the biggest tangible impact on consumers. So says Anna Rosenberg, Deputy...

September 2008
A minefield

For decades, mining has contributed significantly to the South African economy. In 2003 it contributed roughly 7% of GDP. The different forms of pollution and environmental degradation caused by different mining...

September 2008
Debit disorder

When a mechanical horse and trailer was badly damaged after it had overturned, the owner lodged an insurance claim of R477 425.30, only to be told the policy had been cancelled since inception because no premiums has...

September 2008
Playing catch up

The Office of the Pension Funds Adjudicator has recently embarked on a Conciliation Service, which is expected to commence with its hearing in September 2008. It has for some time been faced with the biggest backlog...

September 2008
Caveat vendor

There are some scary things about the Consumer Protection Bill 2008. Sitting at the third and final draft, it seems the war weary protagonists have thrown in the towel and accepted that it will become law as it stands...

September 2008
DIY

1time Airline recently announced the introduction of its own travel insurance for passengers.

“With the growing need for passengers to cover themselves against baggage pilferage at South African airports...

September 2008
Road Accident Fund amendments introduced August 1st

The Road Accident Fund Amendment Act, 2005 introduces fundamental and far-reaching changes to the Road Accident Fund Act, 1996, and the system of compensation of the victims of motor vehicle accidents, which has...

September 2008
Pilot phase

The South African Insurance Association supports and welcomes the implementation of the Adjudication of Road Traffic Offences (AARTO) pilot phase in Tshwane Metropolitan. The long awaited point demerit system was...

September 2008
Lending aid

The recent announcement by FNB that it intends to withdraw loan approvals provided to some of their clients, for the purchase of residential properties, could cause major disruptions in the home loan industry....

September 2008
A Balance OF probability

We are not alone. Others share our dilemma of rising inflation, weaker growth, concern about capital flow exposure and currency attacks.

“But some countries are taking radically different decisions. Which...

September 2008
Regulations await

The Insurance Laws Amendment Bill, 2008, debated in Parliament 24th June, should be promulgated during the latter part of the year following a final public hearing on August 5th. The industry has settled its...

September 2008
Keeping track

Vehicle insurance solution to benefit Vehicle and Asset Finance

As auto sales across South Africa continue to spiral downwards, the ripple effect is being keenly felt across all related and support...

September 2008
Bump up cost

In a recent statement by Jeff Radebe he said that airlines will have to pay compensation for bumping pax on overbooked flights. The airlines, especially SAA, whinge that they have to do this because of all the ‘no-...

September 2008
Covering debt confusion

The life insurance industry has committed itself to ensuring that consumers who have purchased consumer credit insurance when taking on debt are made aware of the fact they have life and/or disability cover and...