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January 2011
Cash flow headache

Failure to carry hail insurance for your farm is tantamount to gambling, says Grant Gradwell, head of Standard Bank’s Agricultural Insurances.
“Let’s say it takes an R800 000 premium to cover a R10 million...

January 2011
Looking for stars and expenses

Global investment research provider Morningstar, Inc. is a prominent source of data for the Unit Trust industry in South Africa. It has published some interesting observations on ‘How Expense Ratios and Star Ratings...

January 2011
Frank remarks

Emerging Markets recorded strong performances during the third quarter of 2010. In spite of a poor August, strong rallies during the months of July and September resulted in an 18.2% return in US$ terms for the...

January 2011
Grub’s up

The recent bid for Massmart by US retail giant Wal-Mart highlights the search for yield and growth by developed market investors, starved of returns and pessimistic about growth prospects in their home jurisdictions...

January 2011
Let’s work together

The Association for Savings and Investment South Africa (ASISA) is committed to partnering with Government and all other stakeholders on the proposed growth path aimed at creating decent work, reducing inequality and...

January 2011
New research

During the course of this year some 160 000 South African income earners are expected to die, while an estimated 52 000 will suffer total and permanent disability. This means that in addition to grappling with the...

January 2011
Astute errors

High income earners, including graduate professionals are often deemed to be more financially astute than the rest of the population when it comes to financial matters. Yet research suggests that this group is...

January 2011
Cell phone fiasco

Well, I eventually got a new replacement LG KS360 mobile phone for one of the family contracts. It was a combined response from Vodacom and LG Electronics in Johannesburg, each claiming the other should take...

January 2011
Don’t waste a recession

Old Mutual sounded an optimistic note that the economy is on the slow road to recovery after the recent recession, with interest rates at their lowest levels since 1974 and inflation falling comfortably within the...

January 2011
Trustee tips

At a recent educational session for trustees over 200 delegates responded to a survey on how well they felt funds were doing in helping members to achieve a reasonable standard of living in retirement.
“...

January 2011
Insuring the Silver Market

Life expectancy of individuals is on the up and with continuing mortality developments, many people are living longer, healthier lives. This in turn has spurred the demand for financial products and motivated life...

January 2011
The late disadvantage

If South Africans managed debt more effectively and started planning for retirement at a younger age they could easily afford to retire comfortably. Eight years ago household debt as a percentage of disposable income...

January 2011
Negative factor

Withdrawing funds from your retirement savings before you retire not only reduces the tax-free amount available to you when you do retire, but it also causes the benefit that you take to be taxed at a higher rate....

January 2011
Hard landing

Zurich Insurance Co announced in October that it has given up writing aviation insurance. Zurich took over local SA Eagle insurance and before that, the SA Aviation Insurance Pool. Between them they had been writing...

January 2011
Selling up

With the average age of the financial adviser on the way up past 50 years, the issue of succession planning is set to become an increasingly important factor for the intermediary industry over the next decade....

January 2011
Grapeful support

By insuring both crops and assets with Santam Agriculture, wine farmers and producers are not only in a unique position to negotiate for better premiums, but, says Donna Thiart, Relationship Manager for Santam...

January 2011
The more rain......

Areas prone to excessive hail include those close to or near the Drakensberg (Bergville, Winterton, Estcourt, Mooiriver), Highveld (Middelburg, Ermelo, Standerton, Barberton) and other Mpumalanga regions, as well as...

January 2011
Peace on the farm

Health & Accident Underwriting Managers has introduced the new ‘Groundbreaker Personal Accident Cover’, specifically designed to cater for the responsible farm owner, covering employees in the event of an injury,...

January 2011
Dealernet (Pty) Ltd v Mamahlodi 2009 (6) SA 259 (GNP)

Mamahlodi held a motor vehicle insurance policy with Dealernet. When Mamahlodi submitted a claim, Dealernet repudiated liability on the basis of Mamahlodi’s alleged intoxication at the time of the collision. Mamahlodi...

January 2011
Operational incapacity

Government’s efforts to clamp down on dangerous driving by suspending the licences of those motorists who excessively break speed limits is a necessary step in bringing down the sheer volume of fatal accidents on...

January 2011
Shareholder opportunity

RMB Holdings (“RMBH”) - market capitalisation R43 billion - holds strategic stakes in banking giant FirstRand (30%), life and heath assurer Discovery Holdings (25%), direct insurer OUTsurance (45%), specialist insurer...

January 2011
African footprint

MMI Holdings Limited (MMI), the new financial services company born from the merger of Metropolitan and Momentum, listed on the Johannesburg Stock Exchange on 1st December 2010. This followed eight months of intensive...

January 2011
Plan B

Businesses that supply highly perishable goods such as flowers, fresh fish and meat, and ripe fruit and vegetables to offshore or local businesses via sea, air or land freight are extremely vulnerable to supply chain...

January 2011
Deferred deterrent

Companies that have in place long-term insurance cover to protect their profit margins against the loss of key employees and directors due to death, illness or disability should seek urgent tax advice to ensure they...