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Wednesday, October 30, 2013 - 10:23
Not all costs covered

Near the end May was evidently “World Multiple Sclerosis Day”, intended to create global awareness of a disease that continues to baffle doctors. Along with other severe illnesses that affect the lives of sufferers...

June 2013
Green fees

Environmental legislation has mushroomed over the last few years to the extent that there are now over 500 offences that company directors can be held personally and criminally liable for.

That’s...

June 2013
Risk of confusion

Consumers who take out first party motor insurance in an effort to save costs may be placing themselves at significant financial loss should they be at fault in an accident with another vehicle.

According...

June 2013
Another increase

According to its recently released annual report, the Office of the Ombudsman for Short-Term Insurance received 9 123 complaints against insurers in 2012, an increase of 1,7% over 2011. The insurance industry had experienced a difficult year,...

June 2013
Loose terms

The FSB has published regulations on how financial services companies need to be Treating Customers Fairly (TCF). The FSB’s projected deadline for full implementation of the TCF policy is 2014.

The TCF programme is a regulatory initiative...

June 2013
Scam staff skimmers

Research has shown in excess of 80% of serious frauds committed against an organisation are perpetrated by an employee, either alone or in collusion with other employees. It is important to know the perpetrator when...

Thursday, July 11, 2013 - 02:16
Pilot scheme

SMMEs in the insurance sector have found themselves in dire straits in recent years. Loss of employees and skills due to dissatisfaction with FAIS compliance regulations, lower than expected economic growth and...

Wednesday, July 10, 2013 - 02:16
Imagine that

Late last year it was reported that a Russian entrepreneur had managed to get a trade mark registration for the name, Yulia’s Icicles, which will be used in relation to lollipops. But these are lollipops with a...

Tuesday, July 9, 2013 - 14:16
The art of survival

"If you don't add value, you're unnecessary," says Rhys Collins, Head of Operations for SSP.
Ten years ago, the insurance industry’s distribution landscape was relatively straightforward. Today, that has...

Sunday, July 7, 2013 - 02:16
Shop sales

Short-term insurance company Guardrisk is continuing to diversify its market reach and revenue streams by partnering with a wide variety of retailers to sell branded insurance to their customers in a move the company...

Wednesday, July 3, 2013 - 14:08
No preference

Business rescue is a process providing for the rescue and recovery of financially distressed companies in a manner that balances the rights and interest of all relevant stakeholders. SARS has participated as a...

Wednesday, July 3, 2013 - 14:07
Very expensive now

Bonds play an important role in investments but, as an asset class, are often misunderstood by retail investors. Mike Browne of Seed Investments says, “While they can provide an attractive yield pickup (when compared...

Wednesday, July 3, 2013 - 14:05
Mixed fortunes

South African fund managers are positive about the prospects for the local equity market with a majority expecting improved returns in the resources sector. According to findings of the Asset Manager Survey carried...

Wednesday, July 3, 2013 - 14:03
Close knit

Family-Owned and influenced or Management-Owned businesses (So-called ‘FOMO businesses) represent the majority of economic activity in most industrialised countries. And Adrian Saville, CIO of Cannon Asset Managers,...

Tuesday, June 25, 2013 - 09:58
Broadening your tenders

The decision to move brokers is never easy. The decision is usually prompted by poor claims service, inadequate advice, lack of innovation or general service lethargy. It is seldom based on a broker's inability to...

Tuesday, June 25, 2013 - 09:54
Who guards the guards?

The number of crimes committed against South African business is constantly climbing – and a substantial portion of this problem can be attributed to poor standards in the security guarding segment of South Africa’s...

Tuesday, June 25, 2013 - 09:53
Tough 2013

Chairman of Agility Global Health Solutions, Neels Barendrecht, says medical schemes are facing increasing costs and competition this year. “Those that survive will need to come up with innovative ways to service...

Thursday, June 20, 2013 - 14:42
Getting finance fit

Much like a fitness plan, a financial plan is a map of how to achieve a set of objectives using financial products and services.
Here are some top tips from Old Mutual for financial planning:
Make...

Thursday, June 20, 2013 - 14:40
Serious challenge

Improvements in the provision of healthcare have led to a general increase in life expectancy of the average South African. However, this also means, of course, that people need to save far more for their retirement...

Thursday, June 20, 2013 - 14:39
More than you think

Owners of large commercial properties, especially those frequented by the public, should ensure they have realistic levels of public liability cover. This should be upwards of R10 million, says Standard Bank....

Saturday, June 15, 2013 - 07:34
Record complaints

The Office of the Ombudsman for Long-term Insurance received 9 592 complaints against long-term insurance companies in 2012, the highest ever and 4% more than in 2011, according to its latest annual report....

Saturday, June 15, 2013 - 07:32
Moderate rise

The release of March residential building statistics by StatsSA completes the picture for the 1st quarter of 2013, and shows building completions still growing positively, but still at a pedestrian pace. On a year-on-...

Saturday, June 15, 2013 - 07:27
Too much salt

World Hypertension Day was on 17th may 2013, and worldwide the spotlight was on the silent killer: high blood pressure and hypertension, an affliction that affects one out of every four South African adults and may...

Thursday, June 13, 2013 - 12:39
Glad for a jab

It's impossible to fight an enemy you don't know, can't see and wouldn't be able to recognise. Any soldier will tell you that before going into battle he gathers intelligence through reconnaissance missions, which is...

Thursday, June 13, 2013 - 12:37
Simple five steps

MiWay says it has introduced a newly revamped “MiXpress” for those clients you prefer the convenience and flexibility of shopping and banking online. The new service is an insurance shopping portal where customers can...

Thursday, June 13, 2013 - 12:34
Turnover turmoil

The high level of turnover amongst advisers in the financial services industry continues as economic and regulatory pressures take their toll.
These were amongst the findings of the 2012 user survey...

Friday, June 7, 2013 - 13:41
Municipal moves

The Chairperson of the National Planning Commission, Minister Trevor Manuel, in launching the National Development Plan, emphasised the importance of government partnering with business in the development efforts of...

Friday, June 7, 2013 - 13:40
Three times average

South Africa’s booming tourism industry is at risk from the increasing frequency and severity of catastrophe events.
Says John Fitzpatrick, Managing Director at Hospitality and Leisure (H&L)...

Friday, June 7, 2013 - 13:39
Side-stepping the banks

Grovest Venture Capital Company is a venture capital fund incorporated under section 12J of the Income Tax Act. This is a new class of asset in South Africa, and it has proven to be extremely successful in the UK...

Friday, June 7, 2013 - 13:36
Forex advance

NB is the first South African bank to launch domestically-based foreign currency accounts directly linked to a customer’s cheque account on their local online banking profile, which means that a client’s accounts and...

Tuesday, June 4, 2013 - 11:07
Stage is set

The African Regional Structure of the World Federation of Insurance Intermediaries (WFII) was represented this year by Justus van Pletzen, CEO of the Financial Intermediaries Association of Southern Africa (FIA) and...

Tuesday, June 4, 2013 - 11:06
Wider designation

The Financial Planning Institute of Southern Africa (FPI), an accredited professional body by SAQA, has widened its designation portfolios by introducing a new formal designation that will be a wide qualification...

Tuesday, June 4, 2013 - 11:03
Sham protection booted out

The office of the National Credit Regulator announced its final decision to withdraw approval of the credit industry codes to combat over indebtedness. The NCR found the codes to be unconstitutional, conferring...