MoneyMarketing

Industry News

04 Oct 2021

Why markets are not casinos

The accelerating pace of technological development has brought efficiency to our lives, but is increasingly eroding our capacity for patience. Subtly, but surely, technology is influencing society to demand that everything be faster.
04 Oct 2021

Rough seas ahead for taxpayers working on ships

In search for opportunities abroad, many South Africans have taken to the seas. It might not be the same as working in a new country, but it offers a change of scenery while earning a foreign income. Working on a rig, a yacht or a cruise ship is not for the faint-hearted, though.

04 Oct 2021

Various complaints received relating to universal life policies

The Financial Sector Conduct Authority (FSCA) has been alerted by the office of the Ombudsman for Long-term Insurance (OLTI), that there have been various complaints received over the last few months, relating to policies known as universal life policies.

01 Oct 2021

Momentum Multiply to offer rewards for vaccinations

Momentum Multiply, Momentum’s wellness and rewards programme has announced it will reward members who are fully vaccinated. This is in line with the programme’s philosophy of rewarding good choices that lead to improved health and wellness.
01 Oct 2021

Medihelp announces price reductions on four plans for 2022

Medihelp Medical Aid announced a price reduction of on average 5,57% on four of its options and an average increase of 2,74% on the rest its plans for 2022, resulting in a weighted average contribution decrease of 0,45%, while the value of available benefit amounts on all options has been increased by on average 4,2%, which is more than the price adjustment.

01 Oct 2021

Stand a chance and win with 1Life Vantage

Change in the last 18 months has been rapid, with business and advice moving online in a matter of weeks. Zoom alone grew from around 10 million users in 2019 to 300 million users in April 2020. And while advisers and brokerages have adapted to the new environment, many would have liked a little more time to prepare.
01 Oct 2021

Creating financial resilience to become money savvy

Covid-19 and the global financial crisis highlighted how vulnerable some households were to the financial shocks that followed. These events have led people and firms to rethink how prepared they are to weather financial shocks. This has resulted in financial resilience awareness and strategies such as cultivating habits of savings, debt reduction and smart money management.
01 Oct 2021

Digital technology an integral component of brokers' value proposition

With South Africa being a nation of small businesses, and insurance an essential service underpinning the resilience of those businesses, brokers must consider digital technology as an integral component of their value proposition. The reasons are simple: efficiency, accuracy and improved delivery.
01 Oct 2021

Why trusts remain relevant for estate planning

When you divest your assets to a trust, you are changing ownership of the assets to the trust beneficiaries. The trustees must manage the assets in accordance with the trust deed, which forms the basis for governing the management of the trust’s assets. The trust founder (or settlor) may not treat the assets as their own.
30 Sep 2021

Discovery Health announces a second year of deferred contribution increases

Today Discovery Health Medical Scheme (DHMS) announced that it would again the delay the implementation of its annual contribution increases. After delaying the annual contribution increases for 2021 by 6 months to 1 July 2021, the Scheme announced that the annual contribution increases of 7.9% for 2022 would only be implemented from 1 May 2022.

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