Extensive damage and huge losses for businesses and individuals has been reported during the #Feesmustfall protests. Sasria SOC Limited (Sasria) has announced that it has received nearly 100 claims to the value of over R22 million resulting from...
Today’s interest rate hike by the South African Reserve Bank (SARB), which follows a recent move by the International Monetary Fund (IMF) to cut its economic growth forecast for South Africa, has contributed to “the perfect storm” facing the...
Potential tax advantages
Many people don’t understand which tax is being referred to when discussing Tax Free Savings Accounts (TFSA), says financial consultant Carl van der Berg of Alexander Forbes Financial Planning Consultants. Both...
As the reforms related to tax harmonisation of retirement funds is set to become a reality on 1 March - or T-day, as it has become known – it is vital members are communicated with in order to avoid hasty, and potentially damaging actions.
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This year is set to be an important one for the South African retirement fund industry following the announcement this week by National Treasury that President Zuma has signed into law the 2015 Tax Administration Laws Amendment Act No. 23 of 2015...
The South African Citizenship Act 88 of 1995 (the Act) was promulgated and accordingly replaced the Apartheid-era Acts, bringing South African’s citizenship laws in line with international norms. The 2010 amendments to this Act, however, has...
Ransomware is the latest tool in the cybercriminals arsenal, but to date, it has largely been used to target consumers, says Carey van Vlaanderen, CEO of ESET Southern Africa.
In the last 18 months, ransomware has emerged as a serious tool...
MTN and Vodacom have declared war on consumer interests. The infamous duopoly wants to limit how we use Internet services like WhatsApp - and it has nothing to do with fairness, competition or the future of South Africa, says Jose dos Santos, ceo...
National Treasury’s decision to regulate hedge funds in the same way as collective investment schemes will help improve the public view of hedge funds while at the same time giving retail investors access to a wider array of trading strategies...
New-year celebrations in the Western world gave way to concerns about China as its stock market opened 2016 with a loss, triggering declines in equity markets globally. The 7% decline in China’s domestic A-share market on 4th January was enough...
Paying penalties when you choose to transfer your retirement annuities has been a thorny issue for investors in RAs for some time. Comments Lisa Griffith, an Associate Director at BDO Wealth Advisers, “The lure of a unit trusts based retirement...
According to the Institute for Health Metrics and Evaluation at the University of Washington, every nineteen seconds someone in the world is diagnosed with breast cancer. Although this is a large number, it is through awareness campaigns,...
Contact centres are concerned about the Protection of Personal Information (POPI) Act, uncertain as to what they need to do to become compliant with the law.
Explains Delia Gross, Innovation Group’s Executive for the In-Touch Contact Centre...
Sasria cover is no longer compulsory on group schemes as of 1st December 2015 but is still a vital element of insurance cover. Sasria (the South African Special Risks Insurance Association) is a state-owned entity providing cover against the loss...
With vehicle insurance not being compulsory in South Africa, experts estimate that only 30% to 40% of vehicles on the road are covered, making all drivers on the road vulnerable to the costly after-effects of an accident. “So it’s time for the...
Pension funds have until 29th January 2016 to comment on the draft conditions that have been published by the Registrar of Pension Funds regarding pension fund investments into hedge funds. This is according to a Bowman Gilfillan Africa Group...
The year 2015, which began with buoyant financial markets and great expectations for global growth, may instead be remembered as the “year of the downgrade.” As the months passed, one economy after another slowed, stalled, contracted or reverted...
After initially facing opposition from the Congress of South African Trade Unions (COSATU), the National Council of Provinces voted (On 1st December 2015) in favour of ‘Option 1’ of the Taxation Laws Amendment Bill 2015 without amendments. The...
With heatwave conditions expected to continue across vast areas of South Africa during the coming week, emergency services provider Netcare 911 has warned people to take precautions against the potential health dangers posed by the heat.
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High net worth individuals’ top three financial resolutions for 2016 are to build funds for their retirement, to review their investment portfolios more often, and to save more to leave for their loved ones in their wills, according to a recent...
The Nigerian insurance industry represents a good opportunity for investors and it has attracted relatively large amounts of foreign private investment in recent years. The industry does, however, have some challenges to overcome. Similar to...
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