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Industry News

30 Apr 2018

How the fuel price hike will hit you

By Paul Makube, Senior Agricultural economist at FNB Agri-Business. South Africa’s agricultural sector has powered relatively well post the devastating drought two years ago, helping the country avoid a recession in 2017 and assisted in taming inflation with robust output. Apart from favourable production conditions across the country except for the Western Cape, the sector...
26 Apr 2018

Short-term holiday leasing: Are you covered?

South Africa remains a popular tourist destination, having welcomed over 10 million visitors in 2017 alone. To capitalise, local homeowners have started to cash in on the short-term leasing trend. According to Airbnb, a leading international short-term lodging specialist, almost 400 000 guests were welcomed to South African Airbnb homes in 2017. While the need...
26 Apr 2018

Naresh Tulsie appointed the new FAIS Ombudsman

Naresh Suresh Tulsie has been appointed as the new Ombud for Financial Advisory and Intermediary Services (FAIS) effective 1 May 2018, the FSCA said in a statement today. Mr Tulsie will be taking over from Ms Noluntu Bam, who has been with the FAIS Ombud since 2003 and assumed responsibility as Ombud since 2010. Ms...
26 Apr 2018

Absa Appoints New Head of Insurance 

Following the unveiling of a new group strategy on March 1, Absa’s Wealth, Investment Management and Insurance (WIMI) division is pleased to announce the appointment of Dushen Naidoo as Managing Executive for its pan-African Insurance businesses.
25 Apr 2018

Surge in consumer confidence reflects #Ramaprogress

  By Christie Viljoen, PwC Economist. The Bureau for Economic Research (BER) reported on April 25th that South African consumer confidence rebounded during the first quarter of 2o18. In fact, sentiment jumped to the highest on record during the period. The improvement between 2017Q4 and 2018Q1 was also the largest on record, eclipsing the jump...
25 Apr 2018

Are your clients saving enough for retirement?

By Brad Toerien – FMI CEO We all know that saving for retirement is essential, but do we know how much our clients need to retire? Our calculations are often based on the outdated assumption that individuals only need 75% of their income to maintain their desired standard of living and that savings equal to...
25 Apr 2018

Gas appliances and insurance

Homeowners with gas appliances stand the chance to have insurance claims denied if it is found that their appliances did not meet the safety requirements set by the South African Bureau of Standards (SABS) and the Liquefied Petroleum Gas Safety Association of South Africa (LPGSASA).
25 Apr 2018

Momentum announces 2017 claim statistics

“Making sure that clients have access to optimal financial wellness contributes a great deal towards a positive claim experience. Having paid out claims in excess of R15 billion, over the past five years, Momentum Retail Insurance paid individual life insurance claims to the value of R2.7 billion in death claims, R491 million in critical illness...
25 Apr 2018

Sanlam paid out 99% of death claims in 2017

In its 99th year of existence, Sanlam paid out more than 99% of all death claims received in 2017. The South African insurer which has dedicated its centenary year to a changing lives for generations to come paid out claims to the value of R3 622.7m in 2017. Out of this 82% was paid for life...
24 Apr 2018

Facebook’s valuable lesson on being ‘priced for perfection’

Growth is a slippery and unpredictable beast – not that this stops people trying to forecast it – and when expected growth fails to materialise, the market can be unforgiving.  By Juan Torres Rodriguez, Research Analyst, Equity Value at Schroders.

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