Almost every working person knows that life insurance is an important element of a financial plan and they know that this product pays out a fixed sum of money to their nominated beneficiaries when they die
If you have ever travelled along a road that meanders alongside a river, you will find that occasionally the road must divert away from the river, perhaps because of the terrain. However, eventually the road reverts back to its position parallel to the river. We can speak of the road and the river as having a correlated relationship.
Transport Minister Dipuo Peters’ comments that not paying e-tolls means not paying insurance companies is startling, the Opposition to Urban Tolling Alliance (Outa) said on Monday. “We’re not sure which insurance companies she is referring to or if this is merely a threat, but if so it would be an idle one,” Outa chairman Wayne … Read more
Enjoyed the company of two really smart cookies during CNBC Africa Power Lunch today. Gary Herbert is the co-founder of Investment Solutions, a financial services pioneer that’s now a key profit contributor at Alexander Forbes. His colleague Dominic Liber is an actuary, one of a dozen that work at Leapfrog, the $535m private equity fund … Read more
Sanlam shareholders have been advised that the Group’s diluted Headline Earnings per share and diluted earnings per share attributable to shareholders for the six months ended 30 June 2014 are expected to exceed that reported in respect of the corresponding period in 2013 by between 25% and 30%. Normalised Headline Earnings per share, which exclude … Read more
By Matthew Lester There is going to be heated debate in retirement planning circles as a result of the proposed amendment to implement annuitisation requirements on provident funds with effect from 1 March 2015. Don’t panic. National Treasury has observed the vested right of provident fund members to be exempt from the new requirements. … Read more
From the outset, Biznews.com was designed to encourage South Africa’s brightest minds to share their research and opinions with a broader audience. As the site has developed, it has become the preferred platform for industry leaders like Clive Simpkins, Cees Bruggemans and now SA’s favourite tax advisor, Prof Matthew Lester. For more than a decade … Read more
In every country in the world, the healthcare industry is a target for a great deal of debate and argumentation. There are many conflicting pressures on the healthcare business. On the one hand, there is the pressure of social justice, which demands that all citizens be given access to the care needed to sustain life … Read more
It’s built into the DNA at SA’s fastest growing financial services group Discovery that incentives change behaviour. The group transformed the medical aid market by offering people an incentive to self-medicate, eat healthier and only visit medical professionals when absolutely necessary. The principle is being successfully applied to car insurance where the three year old … Read more
The formation of various ombudsman offices to help manage consumer complaints is one of the several great reforms that have happened in South Africa over the last few years. Ombuds essentially mediate between disgruntled consumers and the companies that (they say) have wronged them. Traditionally, such complaints have seldom entered the public domain, but … Read more