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Industry News

17 Apr 2018

Expropriation without Compensation puts investment envoys in impossible position

President Cyril Ramaphosa’s plan to dispatch a team of respected envoys to promote investment in South Africa is to be warmly welcomed, the Institute of Race Relations (IRR) says.
17 Apr 2018

Gauteng records high cancer, cardiovascular and motor vehicle accidents

The high pace of life facing Gauteng residents could be taking a toll on their health and lifestyles. The pressure of having to maintain a job when retrenchments are increasing combined with a fast paced modern lifestyle can lead to increased levels of stress, poor sleep and consequently poor resilience and a weakened immune system....
17 Apr 2018

Liberty pays R4.46 billion in valid claims in 2017

  Liberty, South Africa’s largest writer of new risk business between 2002 and 2017, paid R4.46 billion in valid claims in 2017. Every year Liberty releases statistics on what has been paid out to risk policyholders to help financial advisers and clients to better plan for their futures and effectively manage life’s uncertainties.
16 Apr 2018

Ramaphosa launches new investment drive

In the State of the Nation Address in February, President Cyril Ramaphosa announced that a central priority for government this year is to encourage significant new investment in the economy. Today, the president launched an ambitious new investment drive.
16 Apr 2018

SA government responds to R&I rating action

Government notes and welcomes Japan-based R&I’s decision to affirm South Africa’s long term foreign currency debt rating at ‘BBB’ and local currency debt rating at ‘BBB+’ and to also revise the outlook to stable from negative. The action notably confirms the sovereign as an investment grade credit. This is according to a statement issued by...
16 Apr 2018

Say hello to automation – and financial freedom

It’s hard to develop good money habits. It’s especially hard when those habits include delaying gratification and cutting back on impulse purchases. When it comes to money, too many of us opt to satisfy all today’s wants instead of securing tomorrow’s financial freedom.
16 Apr 2018

Order for payment of pension interest not for out-of-community-of-property marriages

A portion of the pension interest assigned to the non-member spouse in terms of a decree of divorce may not be paid out when parties are married out of community of property, the Pension Funds Adjudicator has ruled. Muvhango Lukhaimane has determined that there is no joining of the spouses’ estates into one joint estate...
16 Apr 2018

Not reducing premiums is unfair: Long-term insurance ombud

The Ombudsman for Long-Term Insurance, Judge Ron McLaren, has expressed concern about the unfair practice by some insurers who do not reduce the premium when the benefits are reduced.
13 Apr 2018

Novare CIS responds to FSCA fine statement

Novare CIS has responded to the press statement issued by the Financial Sector Conduct Authority (FSCA) on Friday, 13 April 2018 regarding the matter of a fine issued against Novare to the value of  R30,000.
13 Apr 2018

Playing it safe: getting to grips with guaranteed investment products

By Cornel Basson, Product Manager at Glacier by Sanlam. The world of investments and global markets can sometimes feel like a roller-coaster ride. You can never quite anticipate the dips and inclines. No wonder ordinary South African consumers – some of whom are among the most anxious, risk-averse investors – struggle with being fully at...

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