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Wednesday, October 30, 2013 - 10:08
Very public

In a highly unusual case, two Australian women operating a brothel’s website under the name ‘Victoria’s Secret’, won a dispute against the brothel’s namesake – the world renowned lingerie purveyor. The unexpected...

January 2013
Tenacity from birth

“It is not how you start a journey that defines your character, but how you finish,” remarks Vusi Sithole, managing director of Nestlife assurance.


Despite challenging year globally, he says his...

January 2013
Wired for truth?

A new survey conducted by South Africa’s top executive search firm, Jack Hammer Executive Headhunters, shows that the issue of polygraph or lie detector testing is splitting the country’s blue-chip employers. While the banking sector generally...

January 2013
Fat finaglers

The absence of notable convictions under the Public Finance Management Act and the Municipal Finance Management Act has raised concerns that incidences of corruption, bribery of public officials, kickbacks in public...

January 2013
Getting protection

The drive for cost containment and fund governance, as well as the onerous risk and responsibility of trustees in an increasingly legislated environment, has seen many employers in the South African retirement...

January 2013
Clearer view of falsehood

Local parts importer and distributor, Grandmark International, has been granted an interim interdict by the South Gauteng High Court that prevents the PG Group from engaging in further “anti-competitive” and “...

January 2013
NCR bites greedy monsters

The office of the National Credit Regulator has announced its intention to withdraw approval of the codes to combat over indebtedness. It also withdrew recognition of the NDMA, DCASA, PDASA and the credit ombud in...

Monday, February 25, 2013 - 12:45
Checks and balances

The Protection of Personal Information Bill (POPI) imposes eight Information Protection Principles on all companies and public bodies that process personal information. However, while it is crucial that companies and...

January 2013
Combining skills

There has been considerable development over the years in the structuring of the Momentum Group. I thought I would try and get some details on the current position (see flow diagram).
Metropolitan Retail....

Friday, February 22, 2013 - 18:38
Confidence improving

Confidence in the state of the healthcare system in South Africa is continuing to improve among the country’s pharmacists, according to the results of a new survey conducted by PPS. This follows moves by the...

Friday, February 22, 2013 - 18:38
Rate victims …

South Africa has a new class of vulnerable, threatened citizens – ‘rate victims’ - on pension who are reeling from the prolonged effects of historically low levels of interest.


According to Johan...

Friday, February 22, 2013 - 18:37
Greed and fear

Last October marked the 25th anniversary of one of the biggest stock market crashes ever: 20th October 1987 is known in international circles as “Black Monday”, where in one day the US market lost over 20%; and...

Friday, February 22, 2013 - 18:37
Waging war

In 2011 more than R1.03 billion was lost in employee income due to on-going strikes in various sectors. However, it is predicted that the figure for 2012 will be surpassed due to the rapid spread of strikes in many...

Friday, February 22, 2013 - 18:36
Young control

Tougher legislation being proposed in the UK by the Association of British Insurers (ABI) to tighten up the rules governing younger drivers may present some beneficial ideas for the South African regulators and...

Friday, February 22, 2013 - 18:36
Nonplussed over regulations

Chris Barry, Managing Director of Heavy Commercial Vehicle Underwriting Managers (Pty) Ltd, is dumfounded to read the proposed 20th Draft Amendment to the National Road Traffic Act Regulations concerning trucks. It...

Thursday, February 21, 2013 - 15:51
Basel III catch

Senior treasury and finance professionals in South Africa believe they are likely to find access to funding harder than many of their international peers, as the unintended consequences of Basel III draw nearer. This...

Thursday, February 21, 2013 - 15:50
Domestic danger

Those homeowners who often entertain children or guests in their homes should make sure they have sufficient personal liability insurance in place so they are protected against possible adverse claims for any incident...

Wednesday, February 20, 2013 - 15:50
Costing criticsm

When a consumer arranges financial assistance in the form of credit for a purchase - whether via a credit card or a retail store account - it has become common practice for the institution to offer some form of life...

Wednesday, February 20, 2013 - 15:45
Tight and tricky

Accepting that consistently high returns are probably in the past is the most important investment tip for 2013. This is according to Marius Fenwick, Chief Operating Officer for Mazars Financial Services. “Don’t...

Wednesday, February 20, 2013 - 15:45
Stats for 2011

More stringent measures being implemented by South African insurers to detect and prevent fraudulent death, disability and funeral insurance claims reveals the importance these companies are now placing on such action...

Wednesday, February 20, 2013 - 15:45
Feeling right

Fund managers need to engage more regularly with their clients to avoid them making critical investment mistakes. This is particularly important at times of high volatility, when investors are prone to panic....

Wednesday, February 20, 2013 - 15:44
Judicial redress

We are all familiar with notices in buildings and clauses in contracts, which proclaim an owner of a building or a contracting party accepts no responsibility for its actions. However, the time-honoured principle in...

Wednesday, February 20, 2013 - 15:44
Defence caution

For a century and more, the “voetstoots” clause in a contract has proved a solid bulwark for a seller of goods or property. In essence, this clause records that the subject of the sale, whether movable goods or...

Wednesday, February 20, 2013 - 15:41
Survey results for 2010

“Internal auditing is on the brink of change as the profession shifts in line with the demands of a rapidly-changing business environment,” says George Williams, BDO’s South Africa Risk Advisory Services Director....

Wednesday, February 20, 2013 - 15:40
Saving borrowers

DebtSafe says it has been responsible for the restructuring of debt in excess of a staggering R313 million in the period January – October 2012, illustrating the serious struggles faced by the consumer against...

Wednesday, February 20, 2013 - 15:40
Capital, permanent, lump sum and temporary…

Experts in the income protection sector are urging financial advisers and clients to be wary of the inclination towards using lump sum or capital disability as a way to provide for ‘Permanent disability.’
...

Wednesday, February 20, 2013 - 15:40
Criminal clones

The global trade in counterfeit goods is currently estimated at some US$600 billion per annum, which represents 5% -7% of world trade. Counterfeiting has proved so successful that it has grown some 10 000% over the...

Wednesday, February 20, 2013 - 15:40
Exporting skills

A fish rots from the head down. While this may not be biologically correct, its meaning is anchored in centuries of human history: that is, when an organisation, nation, or state fails, leadership is generally to...

Wednesday, February 20, 2013 - 15:39

By Mid-December Mutual & Federal says it had registered over 178 claims in Ladysmith, estimated at more than R2,3m, following floods and hailstorms hit the town 11th December 2012 and damaged more than 500 houses...