The presence of advertising billboards along major roads has become increasingly common: some advertise face creams, others strip clubs. There can be any number of them that advertise the adult entertainment industry...
Section 34 of the Insolvency Act on Commercial Transfers deals with situations whereby a trader transfers, in terms of the contract of sale, any business belonging to him, or any goods or property forming part of such...
This element of the Codes deals with your supply Chain and measures the extent to which you buy goods and services from BEE compliance suppliers and black-owned entities.
Preferential procurement is one...
Recent research by the Institute of Practice Management found that 58% of financial planners in South Africa do not have any plans to retire! This despite the fact that their average age ranges from 48 to 54,...
Louise Pharo, Head of Commercial Business at Santam, has won the South African Council for Businesswomen (SACBW) award in the Corporate Category. Pharo is responsible for six of Santam’s regionally-based...
The latest financial results posted by the major banks and retailers show a massive rise in bad debts, some by more than 100%, as consumers feel the squeeze from high inflation and increased interest rates....
Deneys Reitz on insurance case law: Truck and General Insurance Co Ltd v Verulam Fuel Distributors CC 2007
The first respondent carried on business as a fuel distributor and transporter. On two occasions...
PricewaterhouseCoopers SA has recently launched the first edition of its PwC Non-Executive Directors Best Practice and Fees Report, which looks at a sample of fees paid to non-executive directors and non-executive...
The chairperson of the Financial Services Board (FSB) board, Dr Cyrus Rustomjee, says the efforts made in recent years to strengthen both prudential and conduct of business regulation in South Africa has served the...
Arranging short-term cover for large corporations and companies is seldom an easy task, but for those brokers who are prepared to build long-term relationships with their corporate clients, the benefits can be very...
A person drawing down from their investments can choose from a number of different withdrawal strategies. A popular one is to set aside enough cash at the beginning of each year to meet that year’s spending requirements. The cash set aside...
Heavy inflows into money market funds once again boosted total Collective Investment net inflows which rose to just over R10 billion to R19,9 billion in the September quarter. Total industry assets fell by R9 billion...
The US dollar’s turn of good fortune, especially against countries’ currencies recognised as being commodity-centric or having large current account deficits began in early August 2008.
“As we all know,...
The panic of October has created some excellent long-term investment opportunities. Some believe that our market could meander along in a general sideways move for a year or two until the big global economies begin to...
The US Sub-prime crisis has caused global market turbulence that makes even seasoned investors start to faint. And it is moments like these when one is more often than not driven by emotion, rather than fact....
Alan Greenspan has been quoted as saying that the US (and therefore the world) is experiencing a once-in-a-century financial crisis. Paul Hansen, Group Director, Retail Investing, notes a few of the contributory...
In September last year Alphen Asset Managment had a look at food price inflation, as measured by the National Agricultural Marketing Council (NAMC) for the year ended June 2007 and saw that the national average food...
"Green” or “eco” taxes have a supplementary role to play in providing economic incentives, or disincentives, in the global challenge of promoting ecologically sustainable activities and deterring those which are...
Policies with an investment component generally allow for loans against the security of the contract. At a time when interest rates are increasing it is important for policyholders to be aware of the implications of...
The South African life insurance industry grew by 14% during the first half of this year compared to the same period last year, with total premium and investment income increasing to more than R124-billion from R108.4-billion. When compared to...
Santam has been rated the second best company to work for in South Africa in the “large companies” category, in the annual Deloitte ‘Best Company to Work For’ survey.
Receiving the award in Johannesburg...
Aon South Africa has acquired Heritage Insurance Brokers and Heritage Management Services, effective 1st October 2008.
Anton Roux, CEO of Aon says this will strengthen the company’s overall position in the...
Limitations imposed by the new Road Accident Fund Amendment Act – including the removal of a claimant’s right to sue the guilty party in the event of an accident – may severely restrict the victim’s potential for...
The Financial Services Board (FSB) says there is currently no need to ban short selling as in some foreign jurisdictions, notably the US and UK markets.
FSB spokesperson, Russel Michaels says, “From what...
Tough regulation in South Africa’s financial services sector combined with ongoing exchange controls has saved many companies from themselves that might otherwise have followed a greedy path to offshore...
Following a request from the Financial Intermediaries Association of Southern Africa (FIA), the Council for Medical Schemes (CMS) has agreed to extend the deadline for comments on its document regarding healthcare...
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