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March 2009
Reference checker

The South African Police Service (SAPS) is phasing out its manual name clearance criminal check system and will shortly be moving to an Automated Fingerprint Identification System (AFIS). This is based on electronic...

March 2009
Three pronged

Marriott believes that there are three challenges facing asset managers during 2009.

The first relates to the increasingly tough economic climate in which we find ourselves, both globally and locally....

March 2009
Diamonds and dogs

Over the last few years many of our clients, and other interested followers of Cannon Asset Managers’ research, have become familiar with the results of our now 13-year-old study into the merits of value investing in...

March 2009
Comparing the options

As we all know, it was really difficult to hide from capital loss in equities last year, both locally and internationally. There is no point in regurgitating numbers; they are all red and a deep blood red at that....

March 2009
Comparing graph lines

Investing, like many things in life, is subject to certain lessons which will be repeatedly delivered by history until they have been properly learned. Perhaps the most important of these is: Buy assets when they’re...

March 2009
A cold start to 2009

The ‘January barometer’, which states that as January goes for equity markets, so goes the year, has an excellent long term record. But if it is valid for this year, then investors would appear to be in for another...

March 2009
Consumer caution

Lower petrol prices and reduced interest rates will leave consumers with more disposable income available at the end of the month. But consumers should be careful how they allocate this extra cash, counsel Old Mutual...

March 2009
Sooner the better

Saving adequately for your retirement is one of the most important things you will attempt to do in your working life. And it is one of the things few of us will get right. There is a lot stacked against us. It’s easy...

March 2009
Smooth sailing

The past year has recorded the worst downturn in global markets in the last eight decades. In 2008 the S&P 500 in the US fell 37.0%, the FTSE 100 in the UK lost 28.3% and in South Africa the JSE All Share dropped...

March 2009
Toll of business

Global corporate defaults continue to rise rapidly. Through 17th February 2009, there were 31 defaults, affecting debt worth $49bn, according to Standard and Poor in an article published on 20th February. The latest...

March 2009
Partial provisions

There is a great deal of confusion about the status of the Insurance Laws Amendment Act, 2008.  Many people believe it has been brought into force, yet this is so for only certain provisions.  Some of the...

March 2009
Balancing act

Addressing the challenges of the current international downturn, Minister Trevor Manuel said in his 13th Budget, presented to Parliament on 11th February 2009, that a sound financial system, healthy fiscal position...

March 2009
Cut the red tape

Everyone in SA would like to see the entire population healthy, well nourished, well clothed, well educated, living in nice houses and with all adults earning above-average incomes. Life would be much more pleasant...

March 2009
Patient recovery

The global financial crisis in international markets has caused much uncertainty amongst South Africans concerned about the effects of these events o¬n their retirement funds. Seelan Gobalsamy, recently appointed...

March 2009
Breaking through

Mutual & Federal says its gross premium income decreased by 2% to R9.2 billion (2007: R9.3 billion), in “a turbulent year” ended 31st December 2008.

The commercial portfolio increased by 6%, but was...

March 2009
Safety in numbers

Intermediaries who at present receive premiums on behalf of insurers must be in possession of a guarantee. One can be obtained from the Intermediaries Guarantee Facility Limited (IGF), which was set up precisely for...

March 2009
Sliding scale

The Board of Trustees of the Government Employees Pension Fund (GEPF) has approved a pension increase of 9.0% with effect from 1st April 2008 for member pensioners.

The increase will be applied on sliding...

March 2009
Consolildating

Aon South Africa has confirmed that Competitions Commission approval has been obtained for its acquisition of Heritage Insurance Brokers and Heritage Management Services (see Insurance Times & Investments Vol 21....

March 2009
Weathering the storm

Despite the backdrop of a difficult economic climate, Santam reported a strong underwriting performance for the second half of its financial year lifting the year-end figures for 31st December 2008.
While...

March 2009
Toxic timing tricks

The South African collective investment schemes (CIS) industry displayed unprecedented resilience last year amidst the worst ever global financial markets crisis, with assets under management peaking at a record R661-...

March 2009
Making no sense

This is a plea to all financial advisers, but especially those that deal in the short insurance personal lines fields. It makes absolutely no sense whatsoever for clients to buy insurance from vendors of third party...

March 2009
Inside report

The Financial Services Board (FSB) reported earlier that the Enforcement Committee, established in terms of the Securities Services Act (the Act), at a hearing on 30th and 31st October 2007 considered a case against a...