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November 2009
Building on sand

The Ombudsman for Short-Term Insurance reports that consumers are often confused about the cover provided to them in terms of home owners insurance. He says they are sometimes under the impression that if they...

November 2009
Lifestyle expense

For water sport enthusiasts, your yacht or boat is probably one of your most treasured and valuable assets. These are part of your lifestyle. However they are expensive to own and vulnerable to accidents, storms and...

November 2009
Two aspects

The Consumer Protection Act not only has socio-economic consequences, but more specifically, impacts on the insurance industry in a major way. In evaluating the provisions of the Act it is necessary to take notice of...

November 2009
Doing Business getting easier

A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.

That is more than 70% of the 183 economies covered by the...

November 2009
Surplus enough for current members?

With a growing number of South African pension funds having finalised their surplus apportionment exercises, trustees are turning their attention to using any remaining surplus to improve the financial position of...

November 2009
In the know

Insufficient savings levels and the tendency for employees to cash in their retirement savings when changing jobs mean that as few as six out of every one hundred South Africans are able to retire comfortably....

November 2009
Safety strategy

Thousands of South African businesses are facing unprecedented financial challenges. For example, figures released by Statistics South Africa show that company liquidations increased by 70% over the last year. The...

November 2009
Join together

The final day of the Ecocentric Journey Conference on Climate Change, hosted by Santam, UCT’s Centre for Criminology and Partners for Change in Cape Town late September, provided some insight into what business is...

November 2009
For most

People love to talk about gold - everyone has an opinion - one often reads statements like:

• "Gold is a good inflation hedge";
• "Gold is the great diversifier";
• "I am worried about the state...

November 2009
Market lead

For those of you who can remember, there’s a scene in the fairy tale of Little Red Riding Hood where the ravenous lead star stumbles upon baby bear’s porridge and declares it “just right!” One could apply her...

November 2009
Role for insurers

“So you think you’re separate from the environment? Think again. The notion that humans have little effect on a big planet is the fundamental flaw that is behind the global problem we face today: that of climate...

November 2009
Getting wise

Since the extensively reported signing of the Kyoto Protocol on 16th February 2005, the world has become awash with conferences and summits on the subject of climate change and the perceived role of humanity in...

November 2009
Premium push

This year has not been good for the Aviation industry as far as claims go. August was particularly poor with a Jet Airways B737 aircraft running off the runway at Zia airport on take-off. The investigation has yet to...

November 2009
A policy for survival

The growing numbers of kidnapping and extortion incidents in South Africa and across the world have reached epidemic proportions as soaring ransom payments make it a growth industry for criminals.

Keith...

November 2009
Final deal

Old Mutual has offered to purchase the remaining ordinary shares in subsidiary Mutual & Federal.. It currently owns approximately 73.5% of the short-term insurer, and says it has made the offer ‘in order to...

November 2009
Rotten luck in Rotterdam

Looking at these pictures you would think that was it – yet,...

November 2009
Breast cancer awareness

Frightening statistics by the National Cancer Institute show that one in every eight women worldwide will develop breast cancer during their lifetime, with the number of cases growing each year. Equally concerning is...

November 2009
Black is back

Glenrand MIB Ltd has reported good results for the year to 30th June 2009 with broking revenue up 7,9% to R502,9m and profit for the year of R48,7m from a loss last year of about R80m. Investment income was up 10,7%...

November 2009
Welcome back

September trading statistics just released by the Johannesburg Stock Exchange (JSE) indicate that trade in equities on the exchange rose 25% year to end-September 2009 on the same period last year. This performance is...