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June 2012
What reforms mean for the industry

With the newly published Financial Services Laws General Amendment Bill 2012, the biggest sector of the economy becomes exempt from the Consumer Protection Act 69 of 2008 (CPA). South Africans are now among the...

June 2012
Demarcation snags

The South African Insurance Association (SAIA) has made its submission to the National Treasury with regards to the proposed Demarcation Regulations demarcating between Health Insurance Policies and Medical Schemes....

June 2012
Tax support

As intellectual property rights become increasingly important business assets, the need for tax planning has become more important. A critical question is whether to hold intellectual property rights in a separate...

June 2012
Trend or anomaly?

The FNB House Price Index showed a further acceleration in April, up from a revised March growth rate of 8.1% to 8.6% year-on-year. “This is the highest year-on-year growth since June 2010,” observes John Loos, FNB’s...

June 2012
Go away

I came across these old emails recently and it just goes to show the pathetic incompetence of auto-response marketing. The first reply is from MTN dated 2nd August 2010:...

June 2012
Two-edged sword

Albert Einstein reportedly said that the most powerful force in the world is compound interest. If you saved 15% of your salary from age 25, only a third of the benefit you...

June 2012
Looming deadline

“Non-compliance with the Act and its accompanying regulations could have dire consequences for all companies,” comments Hayley Callanan, a senior consultant at Statucor in Durban. ...

June 2012
FAIS exam confusion

In recent media reports there has been some miscommunication with relation to the RE exams. The Financial Services Board says it would like to clear up the confusion. 1) All...

June 2012
Need for speed

Is there a “best” way for a business to connect to the Internet? Is one type of connection “better” than another? When should a business consider changing its mode of access? ...

June 2012
Frequent evaluation

Higher inflation rates and depreciation of the rand have exposed businesses to potential loss in the event of a claim because of underinsurance.“The most recent statistics show CPIX...

June 2012
Young workout

Unemployment is running at 8.3%, down 0.1% or 35 000 on the quarter, reports the Office of National Statistics. There are now 2.65 million unemployed. While this is the first quarterly fall in unemployment since the...

June 2012
Keep going

Businesses should not remain complacent regarding the potential of devastating financial losses in the event of an unpredictable event. “Last year was THE costliest for natural...

June 2012
Wheeled in

The Integrated Waste Tyre Management plan proposed by the Recycling and Economic Development Initiative of South Africa (REDISA) has been signed by the Honorable Minister of the Department of Water and Environmental...

June 2012
Growing middle class

Following a downturn in 2011, company merger activity in Africa and the Middle East is showing signs of improvement after a marked increase in deal activity for the first quarter of 2012. This is evident in the recent...

June 2012
Board trauma

Company directors and officers can be personally ruined by litigation, says John Neaves of Norton Rose Attorneys. Every director is entitled to the protection through appropriate Directors’ and Officers’ (D&O)...

June 2012
Lumps are OK

Government believes that health insurance products (as offered by insurance companies, as opposed to medical schemes) are viewed by many members as offering the same protection as a medical scheme. This belief...

June 2012
Cut the gap

Liberty Medical Scheme says the main problem is not so much the gap or top up cover offered by short-term health insurers – the main focus in the draft Regulations – but rather the lack of pricing regulations for...

June 2012
Wrong diagnosis

Alexander Forbes Health says it supports the need for a clear demarcation between accident and health insurance policies and medical schemes so as to protect the principles of community rating, open enrolment and...

June 2012
Are you financially free?

The latest Old Mutual Savings and Investment Monitor found that only 46% of urban working South Africans are saving for their retirement. “What this means, in effect,” comments Thembeka Ngugi, Marketing Executive at...

June 2012
A glass half full?

Regardless of what industry you operate in or where you were invested, it wasn’t much fun in 2011. Economies across the world, particularly developed markets, struggled as consumers cut back on spending and tried...

June 2012
Seeking value

Tucker Scott, executive vice president and portfolio manager of Templeton Global Equity Group, believes that, despite current economic turmoil, Europe is fast becoming an area of equity opportunity for investors...

June 2012
Green guilt

Eco-labels are market instruments that may allow manufacturers and retailers to gain sales by attracting environmentally conscientious consumers. One example is the trend toward so-termed ‘organic food’ products,...

June 2012
Usual suspects

The merits of “not putting all one’s eggs in one basket” have long been highlighted in the investment arena. But can investors who embrace the concept of prudent diversification be sure they are as diversified as they...

June 2012
Grasping ideas

Although increasing share prices can swell investors’ pockets, high earnings growth expectations and management incentive schemes related to share price performance can lead to company management behaving in a way...

June 2012
No return

The Companies and Intellectual Property Commission (CIPC) primarily uses the filing of annual returns to confirm whether a registered business is still in operation, or at least will be in the near future. Therefore,...

June 2012
Fear not…

Fear in an uncertain world can be self-fulfilling if both financial advisers and their clients allow it to rule their investment decisions. In what Lara Warburton, managing director of Imara Asset Management, refers...