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Industry News

15 Sep 2021

Here’s why it’s vital that you have a valid will

Every year, tens of thousands of South Africans die without a valid will. The effects on their families and loved ones can be devastating, as they are often left without access to funds while the estate is being wound up – a process which can take up to a year, or longer.
14 Sep 2021

Networked bot attacks increase as human-initiated attack levels fall: Report

LexisNexis® Risk Solutions today released the findings of its latest Cybercrime Report, which covers the first half of 2021. This edition of the biannual report reveals that bot attack volumes grew 41% year over year with human-initiated attacks falling 29%. The report confirms earlier trend patterns showing the financial services industry and media businesses bear the brunt of increased automated bot network attacks.
14 Sep 2021

Understanding the roles of those nominated in a will

Estate planning means making a plan for taking care of your nearest and dearest and dealing with everything you own and owe when you pass away. A will or testament is a legal document where you leave instructions on how you want your family to be taken care of, and who will inherit assets like property, jewellery, cars or investments that you own.
14 Sep 2021

What happens when you combine a tax-free savings account with your RA?

Combining your retirement fund contributions in, for example, your retirement annuity (RA) with a tax-free investment (TFI) could extend the period over which you will receive an income at retirement by as much as 12 years. That’s the word from Tiaan Herselman, Head of Advice at Old Mutual Wealth.
14 Sep 2021

Hospital pre-authorisation vs quotes – what you need to know

Pre-authorisation, ahead of any medical procedure or hospital admission, is always required, says Lee Callakoppen, Principal Officer of Bonitas Medical Aid. He also stresses the importance of asking for a quote to submit to your medical aid. This will ensure you know exactly what is covered and whether you should plan for any out-of-pocket expenses.
14 Sep 2021

Surprises keep on coming: Economy grows by more than expected in Q2

South Africa is the country that never stops surprising. Often, they are surprises we would rather not have, and sometimes we wish we were not naïve enough to be shocked. The list is long, but recent additions include yet more corruption scandals and more news of government mismanagement and of course the devastating looting and unrest that rocked KwaZulu-Natal and parts of Gauteng in July.
14 Sep 2021

What your will covers and what it doesn’t

The COVID-19 pandemic has increased awareness around death and the administrative and financial burden that surrounds the passing of a loved one. Recent estimates by the Master of the High Court show as many as 70% of South Africans do not have a legally executable will. This means that the death of a family member or loved one often creates great financial confusion, disarray and conflict for families, at a time they should be mourning.
14 Sep 2021

ICA recommends SASRIA urgently pay claimants 30% of insured sum upfront

Public loss adjuster, Insurance Claims Africa (ICA) is recommending to SASRIA that it urgently pay riot-related claimants 30% of their insured sum upfront, to assist cash-strapped businesses get back on their feet as quickly as possible, and prevent looming retrenchments.
14 Sep 2021

Without a will: What happens to your home when you die?

National Wills Week takes place between 13 - 17 September – a time dedicated to increasing awareness of the importance of having a valid will. According to the Transaction Support Centre (TSC), which assists lower-income clients with property-related issues, too many South Africans have not drafted formal, legal wills, unaware that this could leave their dependents and families in dire straits should they die.
14 Sep 2021

BlackRock's Weekly Market Commentary: The importance of getting granular

Investors are grappling with an unusually wide range of potential economic outcomes beyond the post-pandemic restart, reflected in frequent shifts in equity market leadership and volatile bond yields. We stick to the anchor of our three key investment themes – and a broad strategic preference for equities over bonds in our updated long-term return assumptions.

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