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March 2012
Disappointing

One of the disappointments of this year’s budget is that the exemptions on interest received were not raised and there were hints that these may be scrapped altogether in the near future. They would be replaced by “...

March 2012
Asleep on the job

A tragic case ruled on by the Ombudsman for Short Term Insurance, in which a truck driver was killed when his truck veered off the road, is sadly not uncommon amongst transporters. He was believed to have fallen...

March 2012
Address issue

Recent reports have suggested the points system in terms of the Administrative Adjudication of Road Traffic Offences (Aarto) Act will be introduced from April 1st. However, because the means to issue notices is not...

March 2012
Back to basics

Exchange traded funds (ETFs) have become popular because of their low cost and simplicity. In addition, proponents of them point out that the average active fund manager typically fails to outperform the market....

March 2012
More optimistic

In a series of meetings with key brokers and managers in early 2012 Investment Solutions observed a marked improvement in sentiment regarding the global economy and financial markets compared with last year....

March 2012
Equitable answer

The current economic environment remains challenging and both economists and investors find it difficult to know what to expect. In spite of this, there are opportunities for those investors who are willing and able...

March 2012
Unlocking cover

Most insurance policies do not pay for theft from vehicles unless there is evidence of forced or violent entry. The positive aspect though is that some insurers will cover losses resulting from the use of jamming...

March 2012
Cheap road access

A recent undercover report by the Special Investigative Unit (SIU) found 11 175 fake learner and drivers’ licences had been issued across Johannesburg over a six-year period. Potential motorists can purchase a licence...

March 2012
Tracking activity

Fleet management firms in South Africa often face exorbitant fees on the cost of insurance for their vehicles, due to the increased likelihood of an accident. However, new technology that enables companies to monitor...

March 2012
Dealing a blow

An increasing number of consumers have discovered that their vehicles are not covered by their insurance policy when left with motor dealers to be sold on their behalf, leaving them exposed to huge financial loss...

March 2012
Cell phone distraction

Using a cellular phone is the most common kind of distractive behaviour South Africans are guilty of behind the wheel, surpassing other distractive driving habits by more than 50%.


This is according...

March 2012
What about the informal sector?

In the UK, twenty year olds are three times more likely to get to 100 than their grandparents. A quarter of 16 year olds are expected to make this milestone. While people are living much longer worldwide, AIDS masks...

March 2012
Different needs, same story

At the end of the tax year, retirement planning is highlighted as many clients are submitting their tax returns and working out ways in which to save on their tax. Retirement planning should hardly be seasonal but...

March 2012
Dread disease

According to insurance claims statistics released by Altrisk for January 2011 to December 2011, cancer is the leading cause of all insurance claims across critical illness, income protection and life cover, followed...

March 2012
Alarming picture

Current statistics paint an alarming picture of the increasing prevalence of life threatening illnesses such as cancer and heart disease. No one likes to think about contracting one of these ailments, especially when...

March 2012
Notable points

Besides the usual annual expected increases in the so called "sin taxes", the two notable points from a tax raising perspective, notes RMB, are the levying of the withholding dividend tax (see Box), and the increase...

March 2012
Future nest

Government could be overburdened by old age grants. So where is your pension coming from?


If you answered: “the government will look after me in my old age”, you would be wrong.
There are no...

March 2012
Investor impost

A unit trust portfolio distributes income monthly, quarterly, biannually, or annually depending on its mandate. The income is made up of an interest and dividend component. Up until now investors were only taxed on...

March 2012
Five year focus

National Health Insurance (NHI) is to be phased in over a 14-year period beginning this year, 2012. According to Alexander Forbes Health, “The first five years will focus on strengthening the public sector in...

March 2012
Key for job creation

In order to tackle South Africa’s key job creation and youth unemployment challenges, as outlined in the 2012 Budget Speech, more needs to be done by prominent insurance providers to assist with skills development in...

March 2012
Approved stem cells

Independent South African stem cell bank Netcells Cryogenics recently became Africa’s first and only facility to be awarded certified accreditation by the American Association of Blood Banks (AABB).


...
March 2012
Survey find

Local fund managers are more bullish about the prospects for the South African equity market, driven largely by optimism for financials and resources. This is one of the general findings of Investment Solutions’ first...

March 2012
Save more

With the latest tax year ending 29th of February it is time once again to consider taking full advantage of the tax deductibility of your retirement annuity (RA). By topping up your RA to the maximum tax-deductible...

March 2012
Load shed warning

Insurance brokerage Aon South Africa has warned its business clients to start managing their insurance contingencies for power outages, stating that insurance policies, including business interruption covers, may not...

March 2012
Product revolution

The margin squeeze on traditional retail products, driven by fierce competition in the South African retail industry is sending a stream of South African retailers north into the continent. Stiff competition has also...