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Industry News

26 Nov 2018

Positive HIV status no longer a barrier to life cover

When the HIV/AIDS epidemic began gaining momentum in the 1980s, a diagnosis was seen as a certain death sentence, with life insurance companies across the board refusing to cover individuals who tested positive for HIV.
25 Nov 2018

A global markets temperature gauge

We’ve all heard that it is time in the markets that counts, not timing the market. But as we know, market cycles do exist. They are very difficult to predict accurately, but they can and should be assessed in broad terms.
24 Nov 2018

S&P keeps SA's credit ratings unchanged

Last night S&P announced a decision to affirm South Africa’s long term foreign and local currency debt ratings at ‘BB’ and ‘BB+’ respectively, and maintain the stable outlook. According to S&P, the rating affirmation is underpinned by the following drivers: “Anemic economic growth in 2018 and high contingent liabilities continue toweigh on South Africa’s fiscal...
23 Nov 2018

Don’t leave your insurance in the dark this Black Friday 

For many of us, Black Friday is an exciting time to buy as many items as possible for a discount, and often bargains can result in some big purchases.
23 Nov 2018

Ombud urges full disclosure when buying insurance

An insurance claim may be rejected even if the non-disclosed information has no bearing on the occurrence that initiated the claim. The Ombudsman for Long-Term Insurance, Judge Ron McLaren, says there is a common misconception that the non-disclosure of material information by an applicant for life insurance has to be linked to the claim event...
22 Nov 2018

MPC decision 'sends negative signal to economy'

The decision by the Monetary Policy Committee (MPC) to raise interest rates by 25 basis sends a negative signal to the economy at this stage, says NWU Business School Economist Professor Raymond Parsons. “Recent economic data convincingly indicates that the SA economy is still struggling to emerge from the H1 2018 ‘technical recession’ and in...
22 Nov 2018

Fedgroup takes hassle out of Black Friday with Impact Farming offer

The special offer takes the pain out of the Black Friday rush and allows consumers to invest rather than spend money via the Impact Farming initiative.
22 Nov 2018

Hawkish SARB raises interest rates

By Maarten Ackerman, Chief Economist and Advisory Partner, Citadel A hawkish South African Reserve Bank (SARB) has taken the decision to increase the interest rate by 25 basis points to 6.75%.
22 Nov 2018

FSCA issues statement on Momentum/Ganas case

The FSCA says it has noted the recent decision by Momentum to make a payment to the Ganas family in relation to a 2017 life policy claim, after its initial decision was not to pay due to non-disclosure by the deceased of a medical condition.
22 Nov 2018

Make sure divorce doesn't cost your savings

Getting divorced is a relatively straightforward process, although the emotional and financial implications are often enormous. Because a marriage must be dissolved by a court, it can take a long time before the matter is settled – and many estranged couples may find they are already out of pocket by then.

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