MoneyMarketing

Industry News

28 Jul 2020

Professional indemnity cover for estate agents

Property professionals operate today in an environment of ever-increasing requirements for better transparency, disclosure, accountability and governance.  Professional indemnity cover in the real-estate world is very similar to medical malpractice cover for doctors. While the sale or rental management of a client’s home may not require the precision of a surgeon, even a simple property...
22 Jul 2020

Why you should avoid raiding your retirement fund in a crisis

By: Gerhardt Meyer CFP®, Head of Technical Support, PSG Wealth Most of us will experience some unforeseeable crisis during our lifetimes. Life is, after all, riddled with uncertainties, as is evident from the current pandemic. If you should lose your job or have your income reduced considerably, how do you plan on making up the...
22 Jul 2020

Cardiovascular disease, cancer and accidents remain the leading causes of claims

In 2019, Sanlam paid out over 99% of death claims. The insurer predicts a rise in claims for death, funeral, sickness and income protection in 2020, due to the coronavirus pandemic. Petrie Marx, Product Actuary at Sanlam Individual Life, says that this year is a testament to how easily one’s health and life can change...
22 Jul 2020

SA businesses look offshore to ease COVID-19 pain, open new markets

The COVID-19 lockdown left a trail of devastation across entire industries – but it has also forced many South African businesses to look for new approaches and markets, with a growing number looking to establish offshore operations to create a greater range of options and opportunities. While numerous South Africans have offshore investments, retirement structures...
14 Jul 2020

How COVID-19 revolutionised the way we assess life insurance applications

“We’ve seen two years of digital transformation in two months,” said Microsoft CEO Satya Nadella, reflecting on doing business during the COVID-19 lockdown in March and April 2020. His words ring true across industries, including the insurance industry where many of us have very quickly learnt to conduct meetings over videocalls, connect with clients remotely...
14 Jul 2020

When SARS unlawfully help themselves to your bank balance

By: Jashwin Baijoo, Tax Attorney at Tax Consulting South Africa Everybody knows that SARS is under collection pressure and they have grown rather fond of appointing 3rd parties, such as banks, to recover outstanding tax debts directly, which leaves taxpayers stunned. This is a quick and effective debt recovery measure, but the question is what...
14 Jul 2020

Biotechnology innovation during COVID-19

By: Evan McCulloch, Portfolio Manager, Director of Equity Research, Franklin Equity Group and Wendy Lam, Research Analyst, Portfolio Manager,Franklin Equity Group In the past few months alone, the COVID-19 pandemic has already made a profound impact on every sector within our economy, and like every other sector, the biotechnology industry will continue to navigate the...
09 Jul 2020

Updating your beneficiaries is ever-more important in uncertain times

Independent financial services provider, Fedgroup, has seen an increase in the number of people taking the time to understand and update their policies and beneficiaries since the start of lockdown. But for those who haven’t done so yet, keeping your beneficiaries updated is one of the most important things you can do for your loved...
09 Jul 2020

Five steps to ensure POPI compliance for direct marketing

The Protection of Personal Information Act 4 of 2013 (POPI) has now come into effect and it is important that South Africa businesses adhere to the new regulations. The use of personal information is everywhere and it’s almost impossible to do direct marketing without using personal information collected from customers, suppliers and employees. The POPI...
01 Jul 2020

Fiduciary update with Louis van Vuren, CEO of FISA

Q:        The Fiduciary Institute of Southern Africa (FISA) is well known by now to professionals in various fields, including fiduciary practitioners, financial planners, accountants and lawyers., Are there any ‘new stand-out’ benefits of FISA membership? A:        At FISA we believe that one of our best kept secrets is an extensive archive of summarised...

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