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November 2008
Board desicion

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...

November 2008
Controlled sell off

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...

November 2008
Sooner the better……

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...

November 2008
The feet of a cobbler’s child

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,...

November 2008
Gift of recognition

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...

November 2008
Micro finance

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....

November 2008
Prove a loss

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...

November 2008
Talk time

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...

November 2008
Regulation beefed up

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...

November 2008
Balancing cost and cover

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...

November 2008
Counter intuitive

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...

November 2008
Collecting associations

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...

November 2008
Few pickings left

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,...

November 2008
For the brave

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...

November 2008
Stay for the long term

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....

November 2008
More to come

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...

November 2008
A lean, mean year

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...

November 2008
How green is your valley?

"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...

November 2008
Don’t bank on it

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...

November 2008
Steady growth from consumers despite pinch

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...

November 2008
Staff advantage

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...

November 2008
Stronger position

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...

November 2008
A right liability

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...

November 2008
No short selling here

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...

November 2008
Coming together

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...

November 2008
FIA workshop

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...