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January 2010
The right not to know

Bearing in mind the ever-increasing scope of activities in which we are involved and our technologically advanced world, some of us may be surprised by the extent to which our lives are actually in the public domain...

January 2010
Accounting for accountants

With consumer awareness of sustainability issues on the rise, both government and business are feeling the pressure to take responsibility for their environmental impact beyond the balance sheet.

As a...

January 2010
Growth conundrum

A common approach to investing is to start by looking for high-growth countries or industries in the belief that this will lead to a high-growth profit pool and result in strong investment returns for shareholders....

January 2010
Remain patient

South Africans who put their savings into offshore equity markets when exchange controls were eased in the late 1990s have been badly disappointed over the past decade. The MSCI World Index has returned 2.8% per year...

January 2010
Individual caution

A strong rand continued to fuel offshore diversification into foreign equity funds during the third quarter this year, resulting in one of the highest ever net quarterly inflows into foreign currency unit trust funds...

January 2010
Hedging your bets

While everyone seems to acknowledge that the worst of the global crisis is over, few, if any of us, seem to know what type of recovery to expect. Some economists are even expecting a second wave deeper recession....

January 2010
Slimmer margins, greater risk

Construction companies will struggle to maintain their profit levels as projects linked to the 2010 soccer World Cup taper off and the global financial crisis continues to spread to SA.

As the demand for...

January 2010
Just in case

Most people believe that if anything goes wrong their survivors will benefit handsomely from their insurance policies. This is because people think of life and death as the only options.

“Few consider...

January 2010
Network alarm cover

The annual Camprosa Conference took place in Cape Town early September, and was hosted by the four Universities in the Western Cape. Camprosa is a Society consisting of Security and Risk Managers from Tertiary...

January 2010
Valuation service

The line item in most South African businesses’ balance sheets that indicates the value of their assets, particularly their vehicle fleet, is seldom more than a “guestimate”. The financial and accounting implications...

January 2010
Really capital

As is by now well known, the first R1.5 million of the gain on the disposal of the primary residence of a taxpayer is excluded from CGT. “With effect from 1st March 2009 a further exclusion has been added in terms of...

January 2010
A test of your spirit

I suppose the only time we might think of alcohol and its effects on the body is during recovery from a hangover. Then again, hardened drinkers might not experience even that. Traffic safety organisations and the...

January 2010
Hardly pointless

The demerit points system has been introduced to penalise drivers and operators who are habitual offenders. But it also rewards law-abiding road users, as it reduces 1 point every three months down to zero demerit...

January 2010
Considerable experience

Sandra Boy has been appointed as Executive Head of Insurance Operations at MUA Insurance Acceptances. She recently held the position as the Regional Manager for MUA in Durban and relocated to Cape Town in November to...

January 2010
An affinity

There is a raft of pending financial services legislation in the pipeline, including, among others, the FAIS Act, Insurance Laws Amendment Act, Consumer Protection Act and the Competition Amendment Act. Wrapped up in...

January 2010
Six year drag....

Reflecting on his six years after being appointed South Africa’s first FAIS Ombud, Charles Pillai said it worried him that there had been very little transformation in the financial services industry.

He...

January 2010
Alignment strategy

FNB Insurance Brokers has launched an alignment strategy to optimise synergies between the commercial bank’s services and the broker product line-up.

The strategy began from November when insurance...

January 2010
March date

The financial markets crisis and its lessons and long-term implications are topics high on the agenda for the more than 1 000 actuaries from around the globe who will converge on Cape Town early this year for the...

January 2010
Separately listed

In terms of a government notice, former Finance Minister, Trevor Manuel has caused the FAIS Ombud to be separately listed under what is called: Schedule 3A of the Public Finance Management Act. This decision followed...

January 2010
Contract check

Wide-ranging renunciation of benefits clauses remain commonplace in contracts of suretyship. Such clauses serve to ensure that sureties agree to renounce the defences the law otherwise allows. However, in terms...

January 2010
Lengthy process

The Financial Intermediaries Association of Southern Africa (FIA) recently announced that Manie Booysen has been appointed as its CEO.

FIA President, Arnold van der Linde, says the board fully supports...

January 2010
Great confusion

There has been great confusion in the property market whether the exemption provided to bodies corporate and share block companies, in respect of levies and income received by them, must be from the bodies corporate...

January 2010
Private transaction

FirstRand Limited just before Christmas announced that senior executives of FirstRand Limited and RMBH Limited have agreed in a private transaction to purchase FirstRand and RMBH ordinary shares from the Group’s...

January 2010
Drinking up the profits

Motor insurance is the short term industry’s largest class of business, and has been under considerable pressure with around 70% of insurance claims being road accident-related. Alcohol consumption, as to be expected...

January 2010
Never too early

In an effort to improve the lives of ordinary South Africans, the country is on the brink of reforming both the retirement and health sectors.  While reforms are desperately needed, one policy aspect that is...