MoneyMarketing

Industry News

30 Jul 2021

Discovery Life clients can now get higher PayBacks if vaccinated

Discovery Life has announced a ‘first-of-its-kind’ underwriting determinant for the South African life insurance market, stating that being vaccinated against COVID-19 is now an additional consideration in determining life insurance premiums and benefits for new clients, effective from the 29th of July 2021.
30 Jul 2021

New Tax Bills published – Five key proposals

National Treasury published the latest Draft Tax Bills on 28 July 2021, which incorporate the tax proposals made in the 2021 Budget. Highlighted below are five key changes proposed by Government that taxpayers need to be aware of.

30 Jul 2021

SASRIA claims deadline looms

Time is ticking for business owners to submit their claims for damage caused by the recent civil unrest – or they will miss out. There is a 30-day time limit from the date of the event for business owners to ensure that their claim is lodged with the South African Special Risks Insurance Association (SASRIA).
30 Jul 2021

Policyholders demand personalised services

Receiving customised recommendations and contents on-demand is the new norm, and that trend is prominent in the insurance industry too. Policyholders are demanding personalised services, but how can insurers equip their agents to respond to customer inquiries quickly and efficiently, prioritise urgent needs, and offer tailored competitive quote?

29 Jul 2021

Beijing tries to reassure spooked markets

Beijing’s attempts on Wednesday to reassure spooked global markets will do little to calm jitters as fear-driven volatility over Chinese tech shares looks set to define the rest of 2021.
29 Jul 2021

The future of financial advice

The recent announcement that heavyweight Wall Street bank, JP Morgan Chase has agreed to buy UK Robo-Adviser, Nutmeg, indicates the far-reaching effects of Covid-19 on the financial advice and wealth management industry as big business embraces this new model.
29 Jul 2021

Tax exemption impact of Covid-19 travel ban

With tax filing season in full swing, many taxpayers will be weighing the tax impact of the travel restrictions imposed during the hard lockdown in South Africa.
29 Jul 2021

Inflation trends across emerging markets

The reflation theme has become investors’ main focus of attention lately. This is particularly true in developed markets (DMs), which face a rapid acceleration of domestic demand amid surging commodity prices—including energy.
29 Jul 2021

Retirement planning today crucial to securing a better future

As many as 50% of South Africans do not have a retirement plan, according to the 10X Investments Retirement Reality Report of 2020, and only 6% of the working population will have a decent retirement, according to the National Treasury.
29 Jul 2021

Medical aid or medical insurance - which is best?

Many South African’s feel the economic impact of the pandemic, which has ultimately affected their pocket. People are forced to make difficult decisions in order to rearrange their finances to suit their current financial constraints. Many may entertain the notion of cheaper alternatives to save money and even cut costs altogether.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za