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May 2009
Slim chances

Last month we published part one of this article from the Financial Services Board, which led into a brief discussion of the risks of trading in unlisted securities. Here are some more risks:

Lack of a...

May 2009
Factual dependant

In another victory for unmarried partners the Pension Funds Adjudicator recently found in favour of a ‘permanent life partner’, a Ms Z Hanise, of a deceased member. In the case, Hlathi v University of Fort Hare...

May 2009
Protection profits

According to a recently released study: the 2009 International Property Rights Index (IPRI), countries that protect the physical and intellectual property of their people enjoy nearly nine times higher GDP per capita...

May 2009
Creating Hopes and Dreams

The theory of leadership teaches that truly great leaders emerge when unique factors converge to make magic.

Genetics is undeniably an essential ingredient, but leadership stems from more than merely...

May 2009
Setting the wrong tone

A Lexmark consultant called me recently to rank from 0 to 10 (from ‘definitely not’ up to ‘yes absolutely’) on whether I would recommend Lexmark to my friends. I answered ‘0’ – a great big zero; I wouldn’t even...

May 2009
Kids’ play

Have you noticed the increase in people in their 30s and 40s going on extended overseas trips? This is a consequence of the economic turmoil, but not in the way you might think.

Taking a gap year is no...

May 2009
This time round

Insurance giant Sanlam was let off the hook when the FAIS Ombud ruled that a former employee must compensate an East London couple R210 000 because of poor investment advice.

Sanlam Insurance Limited was...

May 2009
Navigate the noise

Respected Global Investment Strategist Richard Bernstein left Merrill Lynch recently after 20 years at the firm. Bernstein, who also authored "Navigate the Noise: Investing in the New Age of Media and Hype", was voted...

May 2009
Creditable year

SA life insurers and policyholders show resilience to global woes

The South African long-term insurance industry demonstrated a remarkable resilience last year to the single biggest crisis the world’s...

May 2009

According to AIG identity theft is one the fastest growing crimes globally and part of the battle against this scourge is to limit its life-interrupting impact by acting swiftly as soon as you think you may be a...

May 2009
Liability warning

Do not reduce your personal motor accident liability insurance just yet. Despite major changes to Road Accident Fund regulations that limit liability, there are powerful legal representations that may get them clipped...

May 2009
Mergers and acquisitions

Mergers, acquisitions, buy-outs, hostile take-overs or simply buying or selling businesses are transactions with a high level of risk.

“Despite senior teams arming themselves with well interrogated...

May 2009
Computer exercise

Momentum Multiply has chosen DVT, a company in the JSE AltX-listed DTH group, to develop and build an application that maps and monitors clients’ physical activity levels as a means of tracking healthy lifestyle...

May 2009
Registrations grow

Financial Services Board (FSB) deputy executive officer for Market Conduct and Consumer Education, Gerry Anderson, has stated that the FSB has finalised the processing of 18 786 (previously 18 690) applications for...

May 2009
Currency and surplus benefits

Lloyd’s has announced a pre-tax profit of £1,899 million for 2008, a huge drop from the previous year’s £3,846m (that’s minus 50,6%) – yet sees this as ‘a Solid performance’.

Chairman of Lloyd's, Lord...

May 2009
Misleading quote

Sanlam and the Professional Provident Society have lost a case brought against them for paying less than a promised future value, because it was based on an “improbable illustration”.

In Lockhat v The...

May 2009
Getting a balance

Yields from equities are at historical highs relative to government bonds, but investors should prepare now for the prospect of falling dividend payouts.

Mark Appleton, Chief Investment Officer of BJM PCS...

May 2009
Increasing demand

The safety of cash or valuables in transit, high-value commodities, commercial assets or other valuables such as artworks or jewellery at exhibitions, pose a highly specialised insurance risk that requires a focused...

May 2009
Don’t bank on it just yet

Africa has not escaped the impact of the sub-prime crisis entirely. Although its origins lie in the US, as we know it spread rapidly across the globe, hurting European and then Asian companies along the way. Whilst...

May 2009
Defining ‘strike’ and ‘riot’

Two recent findings, one by the Supreme Court of Appeal and another on arbitration, highlight the general principles of policy interpretation and the need to ensure that the relevant policies say what one means and...

May 2009
Accident prone

One of the basic principles of flying is to stay above ground level. To do this they invented the altimeter but in the Turkish case this turned out to be faulty. That can happen, as indeed many other little faults...

May 2009
Let’s Face It

In a recent judgment, the Australian Supreme Court ordered that notice of a default judgment granted in the absence of the defendants could be sent to them via a message to their Facebook pages.


May 2009
Milestones achieved

In his Annual Report for 2008 the Ombudsman for Short-Term Insurance said the period under review saw many milestones being achieved, most noticeably the recovery of monies for consumers to the amount of R113 million...

May 2009

The FAA have been actively seeking to have Indian airlines such as Air India and Jet Airways downgraded for safety reasons from Cat 1 to Cat 2. This is for continual breaches of ICAO regs. This puts them with the...

May 2009
Consider an accident policy

With Road Accident Funds (RAF) payouts capped at a salary of R160 000 per annum, companies need to reconsider the effectiveness of their employee benefits insurance schemes.

In the past attorneys secured...

May 2009
More determination

The Ombudsman for Long-term Insurance will in future make public all determinations issued against long-term insurers. This follows a recent amendment to the Rules applicable to the Office of the Long-term Insurance...

May 2009
Paper trail hots up

Members of the Financial Intermediaries Association of Southern Africa (FIA) have met with representatives of the Financial Services Board (FSB) to resolve the consternation regarding the FAIS penalty letters that...