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October 2014
Working it out

The announcement that President Barack Obama only finished paying off his student loan eight years ago demonstrates the huge commitment that taking on debt to pay for one’s studies can have for millions of students...

October 2014
Child care

Not enough South Africans know about beneficiary funds, which are a cost-effective alternative to setting up a testamentary trust to care for your children if you die, says Giselle Gould, business development director...

Thursday, October 30, 2014 - 02:16
The avoidable disease

According to the National Kidney Foundation of South Africa kidney disease results in the deaths of some 10 000 South Africans each year. It affects patients of all ages and backgrounds, yet few people seem aware of...

Wednesday, October 29, 2014 - 02:16
More attention needed

Prostate cancer does not receive the public attention it deserves, for it affects tens of thousands of South African families of all races every year.

Professor Mohamed Haffejee, adjunct professor and...

Tuesday, October 28, 2014 - 02:16
Protection and maintenance

Experiencing the emotional turmoil of a divorce is bad enough. But going through a divorce when you are financially dependent could make your problems even worse. Angelique Visser, Chairperson of the Fiduciary...

Monday, October 27, 2014 - 16:12
Getting it right

Credit plays a vital role in growing the economy of South Africa. Without it many people would not be able to buy a house, a car or pay for other lifestyle related expenses. However, it is important that consumers...

Monday, October 27, 2014 - 16:07
Domestic situation

Whether you are a homeowner or tenant, home insurance is essential to have, but there is a difference in the type of home insurance required. Do you insure the structure of your home, or its contents? Are there...

Monday, October 27, 2014 - 16:06
Hard to swallow

UK tops global league table for gullet cancer (adenocarcinoma) in men. Evidently, worldwide rates on average are four times higher than in women, according to a report recently published in the journal “Gut”....

Monday, October 27, 2014 - 16:05
Discover the benefits

With the aim to create a nation of great drivers, Discovery Insure has released a new smartphone application that scientifically measures and incentivises driving behaviour. The Discovery Insure app combines mobile...

Monday, October 27, 2014 - 16:02
Beware the misleading unit

It is often stated that a unit of alcohol is supplied by a small glass of wine, half a pint of beer, or a single measure of spirits. Such statements can be misleading because they do not reflect differences in...

Monday, October 27, 2014 - 02:16
Good rule of thumb

Understanding how one’s fees are allocated to the portfolio is essential, as additional fees may be responsible for fewer savings during retirement. “Always ask for full disclosure of fees inclusive of fund,...

Friday, October 24, 2014 - 02:16
Longer needs

According to statistics from the Actuarial Society of South Africa, women on average are living longer than men. Data reveals that the average life expectancy of a 65 year old South African (who has an annuity) is 85.9 years for females and 81.5...

Wednesday, October 22, 2014 - 02:16
For your own good

The retirement fund industry is facing several important changes, known as retirement fund reforms, first introduced by National Treasury in 2004. The modifications are aimed at transforming the South African...

Tuesday, October 21, 2014 - 02:16
One way flight

The numbers of ‘suicide tourists’ going to Switzerland to take their own lives has doubled within the space of four years, reports a study published online in the Journal of Medical Ethics – as reported by Journals...

Monday, October 20, 2014 - 02:16
Underfunded

Almost 30% of the country’s entrepreneurial businesses shut their doors last year due to difficulties in accessing the funding they needed. It was the second major reason for the discontinuance of South African businesses, following only after...

Friday, October 17, 2014 - 16:37
Digital danger

The number of reported information security incidents around the world rose 48% to 42.8 million, the equivalent of 117 339 attacks per day in 2013, according to The Global State of Information Security Survey 2015,...

Friday, October 17, 2014 - 16:31
Poor performance

Moderate alcohol intake of at least five units every week is linked to poorer sperm quality in otherwise healthy young men, suggests research published in the online journal BMJ Open.

And the higher the...

Friday, October 17, 2014 - 16:20
Attractive reflection

Seattle –September 30, 2014

Milliman, Inc., a premier global consulting and actuarial firm, recently announced the opening of an office in Cape Town, South Africa. The office will be led by industry veteran...

Friday, October 17, 2014 - 02:16
Interesting investment opportunities

The Czech Republic (formerly part of Czechoslovakia) has seen periods of separation as well as unification with its regional neighbours throughout its history. “It’s a country with an interesting history, and from our...

Thursday, October 16, 2014 - 11:45
Poor resolution

I hate shopping these days. When I have to do so, I set forth in fear and trepidation. Service levels are pretty bad but what makes it really worse is the IQ level. That’s pretty low too.

I went to...

Tuesday, October 14, 2014 - 02:16
Barrier to entry

From the largest institutions to the smallest boutiques, today’s asset managers all face similar, well-documented challenges: regulatory requirements, pressure on fees, shrinking margins and more cautious investors....

Monday, October 13, 2014 - 02:16
Little reliance on SARS meetings

“Transfer pricing” is one of the key tax risks facing multinationals in South Africa. With increased complexity, onerous compliance requirements and uncertainty regarding current transfer pricing regulations, international investors, especially...

Friday, October 10, 2014 - 02:16
One place

Investec recently announced an “enhanced offering” that gives clients seamless, integrated access to banking and investment services, both locally and internationally. It is called ‘One Place’.

“This is...

Thursday, October 9, 2014 - 02:16
Why now

The South African Insurance Association (SAIA) is driving an initiative urging that compulsory third-party motor property insurance for all South Africans be put on the legislative agenda. Such compulsory insurance would cover damage, not just to...

Wednesday, October 8, 2014 - 10:21
Different borrowing

When any government spends more on its various departments (such as general public services, health, education, infrastructure etc.) than it receives by way of its taxes, they need to borrow the difference by way of...

Monday, October 6, 2014 - 08:22
Firm improvements

Santam reports headline earnings per share of 799 cents for the six months ended 30th June 2014. This is 119% above the earnings reported for the prior period. Earnings per share (EPS) were 799 cents, 124% above the...

Saturday, October 4, 2014 - 07:55
Foreign excursion

Hollard Insurance is steadily moving further into international territories, as it seeks to establish itself in key developing markets. April 2014 saw the launch of a pilot in Indonesia. Scheduled to run for six months, the pilot involves a...

Saturday, October 4, 2014 - 07:51
Maybe, maybe not…

Africa stands to benefit as listed companies in the Europe, Middle East and Africa (EMEA) region prepare to deploy their almost €1 trillion in cash reserves as they go in search of new growth opportunities, according...

Friday, October 3, 2014 - 12:00
Where will the next hammer fall?

Equating the failure of Ellerines to a heart attack is most apt! It strikes anywhere, anytime and usually without warning – often with fatal consequences. It is very unlikely that even a soothsayer or fortune teller...

Friday, October 3, 2014 - 11:48
Not all bad

The World Economic Forum (WEF) has ranked South Africa first among 144 countries in regulation of securities exchanges for the fifth consecutive year.

South Africa was ranked first out of a 144 countries...

Thursday, October 2, 2014 - 14:58
Exposure analysis

African Bank Investment Limited (Abil) has had immense media coverage as the bank went into decline to the point where the Reserve Bank authorised a bailout and placed the bank under curatorship. African Bank is not a...

Thursday, October 2, 2014 - 14:56
Mismanaging data

The recent failure of African Bank, and the subsequent Moody’s downgrading of all South African banks, indicates a serious lack of trust in the compliance culture of our banking system.
“Realistically, no other South African bank suffers...

Thursday, October 2, 2014 - 14:54
Rumour trouble

Spreading unsubstantiated rumours around the nationalisation of pension funds is reckless and harmful to workers who are said to be resigning in mass to obtain their pension money for fear that government’s proposed retirement reforms will see...

Thursday, October 2, 2014 - 14:53
Commission squeeze

The South African Insurance Association (SAIA) says it has made its submission to the National Treasury with regard to the revised second Draft Demarcation Regulations.

The SAIA, an industry body...