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December 2012
Usual story

Liberty Medical Scheme says it has “done everything possible to minimise the 2013 premium increase to an average of 11%, in line with medical inflation which currently stands at 10,5%.

According to...

December 2012
Stage not always set

The terrible news of a fatality and multiple injuries sustained by up to 20 people who attended the Linkin Park concert at Cape Town’s Green Point Stadium early November has highlighted the potential dangers of...

December 2012
Data subject

The passage into law of the Protection of Personal Information Bill (POPI) is imminent and, when it does come into effect, it will have significant implications, both for the citizens whose information is processed by...

December 2012
Perfect storm

With a perfect storm of negativity engulfing the rand at the moment, it is difficult to take a view on the currency without also taking on a good deal of risk. The issues that drove the weakness initially was the...

December 2012
Facing reality

The global economic environment remains troubled. In its latest World Economic Outlook Report, the International Monetary Fund (IMF) cut its expected global growth forecast from 3.5% to 3% for 2012 and highlighted a...

December 2012
Capital results

 

Short term insurer Resolution Insurance Company Ltd plans to change its name to GENRIC Insurance following the appointment of the new Chief Executive Officer, MC du Toit. The appointment was made by the board in support of its...

December 2012
Worst in health

 

South African has been ranked 74th out of 142 countries in the latest Legatum Prosperity Index‚ a global assessment of national prosperity based on wealth and wellbeing. The country’s best ranking was in the entrepreneur category...

December 2012
Expanding coverage

 

Government’s latest discussion paper on promoting household savings and reforming the retirement industry focusses on two of the three key priorities. Firstly, improving the country’s post-retirement savings situation which, if...

December 2012
Ten points

 

Having started in South Africa in 1995, money market funds are a relatively new development. But already the sector has attracted R240 billion. This figure amounts to just under a quarter of the unit trust industry and is a similar...

December 2012
Minding the Gap

PSG Konsult Corporate recently facilitated a discussion around decision making in the health care industry. This addressed both the draft demarcation regulations and the potential impact of these on the future of health insurance products such as...

December 2012
Checking online

 

So, no one told you how difficult it was to get out of debt. They only told you how easy it was to borrow money. That’s marketing for you, and something the banks are past masters at. Debt disempowers...

December 2012
One for all…

 

 

Oneplan Health Insurance was born out of a “glaring need for affordable and accessible financial solutions,” says Managing Director Michael Otten. It is intended to offer “unbiased flexibility, affording people tailor-...

December 2012
Gross fixed investment

The private sector has for long been the major contributor to Gross Fixed Capital Formation (GFCF) – or fixed investment. Only during 1975-79 did the state’s contribution to total GFCF exceed that of the private...

December 2012
An encyclopaedia of short-term insurance

When Doctor Samuel Johnson proposed his English Dictionary to Prince George he was told, “Well, now, Dr...

December 2012
Hail and brimstone…

 

Little more than two weeks after a devastating hail storm hit Johannesburg’s suburbs with golf ball-sized hail stones, a second freak storm has caused severe damage in suburbs in Gauteng.
According to reports, the first storm on...

December 2012
Huge opportunities

The value of infrastructure insurance should not be underestimated, especially in light of Government’s planned budget spend of R3.2 trillion on more than 43 major projects.


This is according to,...

December 2012
Quick and helpful

 

In the current tough economic climate, small business owners are under increasing financial pressure and their need for working capital is growing. At the same time, the “credit crunch” and the associated liquidity requirements mean...

December 2012
Exams and cramming

Just over two-thirds of financial service representatives who have written the Financial Service Board (FSB) regulatory exams have passed. The most recent figures released by the FSB, which has twice extended the...

December 2012
Of theft, fraud and spies…

Justicia Investigations is a national detective agency focusing on crime in the workplace, including theft, fraud and espionage. It now has an undercover division and experienced detectives in its forensic division....

December 2012
Interesting moves

The market has consistently overestimated the ability of the Reserve Bank to increase interest rates in the current – and last quarter was no exception. After having expected an interest rate increase for at least the...

December 2012

Absa recently announced it SSP Select Insurance for its commercial lines business, supporting five lines of business distributed through insurance brokers. SSP is a global technology provider.


SSP...

December 2012
Where the money goes

Most medical scheme members concern themselves with little more than affordability with, perhaps, only a vague understanding of what they are covered for. But it would certainly be in their interests to appreciate the...

December 2012
Questions to ask

Buying medical cover can be complex and daunting exercise for many consumers. Turning to a financial adviser for help is certainly a good idea. But there is more to it than that: clients need to ask the right...

December 2012
Why you lose by trying not to lose

Most people have quite a clear attitude towards losing money from their investments: they don’t like it, and for good reason.


“However, investors are urged not to attempt to avoid short-term losses...

December 2012
Protecting your money

Like death and taxes, inflation is a fact of life. “But this does not necessarily spell doom and gloom for investors,” explains Gareth Bern, portfolio manager at Prudential. Investing in an instrument that adjusts to...