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From the editor

Welcome to the news articles from our latest issue.

Come back daily to read more of the current issue over the next month.

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Current Magazine Article : Bridging the uninsured gap

Category: Short-Term Insurance : Motor Vehicle
Author:Edited by ITInews
Email:[email protected]
Posted:23 Feb 2016

South African insurers have called on the government to start compulsory motor cover

Jonathan Holden, Managing Executive: Insurance at Innovation Group South Africa, delves into the issue of uninsured vehicles within South Africa, as well as how to bridge this gap.



Current Magazine Article : Can South Africa avoid junk status? (Part 2)

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:09 Feb 2016

The risk of a downgrade in the near future is relatively high

"An absence of coherent, ideologically consistent, evidence-based policymaking with clear goals and proper prioritisation since 2009"



Current Magazine Article : Can South Africa avoid junk status? (Part 1)

Category: Economy & Global : Local Economy
Author:Jac laubscher
Email:[email protected]
Posted:01 Feb 2016

The South African government does not have a growth policy

The question that is probably receiving the most public attention at the moment is whether South African sovereign bonds will be downgraded to below investment grade (junk bond status) by one or more of the major credit rating agencies in the near future.



Current Magazine Article : South Africa falls short of national savings ‘pass rate’: first Savings Index launched

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:29 Jan 2016

Investec GIBS Savings Index

In a first for South Africa (SA), a national Savings Index has been launched to measure the country's state of savings against international counterparts, providing the real facts about savings.



Current Magazine Article : Changing strategies for success

Category: Business Management : Organisational culture
Author:Edited by ITInews
Email:[email protected]
Posted:27 Jan 2016

It is critical for innovation to become a key attribute of day-to-day business

An innovative forward-thinking approach had already paid dividends for KwaZulu-Natal carpeting group Van Dyck Carpets, but PFE International director Dr Mehran Zarrebini believes shifting tactic to incorporate the world-renowned blue ocean strategy would escalate their success.



Current Magazine Article : Aligning monetary and fiscal policy

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:20 Jan 2016

Is a tightening of monetary policy in conjunction with an unavoidably tight fiscal policy the best o

The South African Reserve Bank (SARB) and the National Treasury (NT), the respective custodians of monetary and fiscal policy, are naturally faced with the same set of macro-economic conditions at any particular point in time.



Current Magazine Article : Mounting Concerns about Failure of Kariba Dam as El Nino Bites

Category: Short-Term Insurance : Risk Management
Author:Anne da Silva
Email:[email protected]
Posted:14 Jan 2016

Region faces shutdown of hydro-electric plants and collapse of mining industry

Concerns regarding a catastrophic failure of the Kariba Dam have been thrust into the spotlight again as Zambia’s energy minister announced last week the possible shutdown of its hydroelectric plants with water levels in Kariba Dam dropping to below 14%.



Current Magazine Article : The effect of indigenisation, such as BEE, on financial development

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:10 Dec 2015

Indigenisation as an economic intervention is frustrated by high levels of corruption

Every economy needs a highly developed and efficient financial system in order to drive financial and economic development.



Current Magazine Article : The FSR Bill must under go a socioeconomic impact assessment (SEIA) to protect consumers

Category: Advisers & Brokers : Commission & Fees
Author:Jayne Boccaleone
Email:[email protected]
Posted:26 Nov 2015

Consumers rights and interests are scarcely mentioned

Consumers will be the losers if the Financial Sector Regulation Bill (FSRB) is enacted and parliament should demand a socio economic impact assessment (SEIA) before this bill goes any further.



Current Magazine Article : The insolvency U-turn

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:19 Nov 2015

Euler Hermes Economic Outlook 2015-16

In 2016, instability in emerging markets is set to end six consecutive years of decline in global insolvencies, according to Euler Hermes, the worldwide leader in trade credit insurance.



Current Magazine Article : Where will growth come from? Part 2

Category: Economy & Global : Local Economy
Author:Jac Laubscher: Sanlam Economic Advisor
Email:[email protected]
Posted:18 Nov 2015

A possible growth strategy in the current global environment

The world with which South Africa will be faced in coming decades will be complex and demanding and the price of failure will be high



Current Magazine Article : The healthy decline of South African Medical Aid Schemes

Category: Healthcare Insurance : Medical Schemes
Author:Michael Settas
Email:[email protected]
Posted:03 Nov 2015

Raising contributions while reducing benefits is not sustainable

CMS statement that medical aids are in good health is overly simplistic assessment of sustainability. Opinion by: Michael Settas, Managing Director, Xelus Specialised Risk Solutions.



Current Magazine Article : The (not-so-) hidden message of the Medium Term Budget

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:29 Oct 2015

South Africa needs to reconstruct social consensus behind a path of accelerated economic growth

A few years ago I wrote in a commentary on the state of our public finances that the National Treasury has lost its iron grip on South Africa’s finances.



Current Magazine Article : Millennials: 5 principles to retiring right

Category: Retirement Provision : Retirement Funding
Author:Sollie Goosen
Email:[email protected]
Posted:21 Oct 2015

The media seldom seems to be the bearer of good news when it comes to retirement

Headlines tell us that most baby boomers are set to go bust, with Gen X (born in the 1960’s and 1970’s) in hot pursuit. The message for millennials (born in the 1980’s and 1990’s) is characterised by much the same doom and gloom.



Current Magazine Article : Where will growth come from?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:15 Oct 2015

The absence of an inherently independent growth dynamic in the economy

It is common knowledge by now that South Africa is stuck in a low-growth rut with growth forecasts continuing to be downgraded (the IMF being the latest to do so) and the prospect of a return to 3%+ growth being pushed out.



Current Magazine Article : Digital business and digital adversaries

Category: Short-Term Insurance : Risk Management
Author:Edited by ITInews
Email:[email protected]
Posted:30 Sep 2015

Organisations must invest in three risk disciplines to increase trust and resilience

Running a digital business presents business leaders with an increasing level of complexity and new threats, and this requires a change in their approach to IT risk and cybersecurity.



Current Magazine Article : Support for fossil fuels remains high and the time is ripe for change, OECD says

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:21 Sep 2015

Hampering global efforts to curb emissions and combat climate change.

Government support to fossil fuel consumption and production in OECD countries and key emerging economies remains high, at USD 160-200 billion annually, according to a new OECD report.



Current Magazine Article : Old Mutual responds to excess fees criticism

Category: Advisers & Brokers : Commission & Fees
Author:Brent Wilson
Email:[email protected]
Posted:11 Sep 2015

System defaults and the epidemic of one

‘We have investigated and can confirm that this was an isolated and accidental error and has not affected any of our other clients.’



Current Magazine Article : Piketty in South Africa

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:09 Sep 2015

'the quest for general laws of capitalism is misguided'

And so French Professor of Economics, Thomas Piketty, crowned “the first rock star economist of the twenty-first century” after the enormous success of his book, Capital in the Twenty-First Century (hereafter referred to as Capital), of which more than 2,5 million copies have been sold in the past two years, is coming to South Africa soon.



Current Magazine Article : Have you paid too much for your Old Mutual Tax Free Savings Plan?

Category: Life Insurance : Commissions & Fees
Author:Brent Wilson
Email:[email protected]
Posted:01 Sep 2015

Tax free savings plan becomes another form of legal theft

I don't suppose that when Treasury approved the Tax Free Savings scheme it had the above headlines in mind.



Current Magazine Article : Contracting GDP detrimental to SME development

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:27 Aug 2015

2015 was expected to be a better year ...

Stats SA’s revelation that South Africa’s Gross Domestic Product (GDP) contracted by an annualised 1.3% in the second quarter is detrimental to the sustainable growth of Small and Medium Enterprises (SMEs).



Current Magazine Article : The SARB and the carry trade

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:11 Aug 2015

Trying to support the exchange rate of the rand by hiking interest rates is an exercise in futility

The recent Monetary Policy Statement of the South African Reserve Bank (SARB) after it had hiked the repo rate by 25 basis points to 6% made it quite clear that the Monetary Policy Committee (MPC) regards possible exchange rate depreciation as the most important threat to future inflation.



Current Magazine Article : Regulation 8 – Do we really think this is our only problem?

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:06 Aug 2015

A rights based medical scheme framework with voluntary membership requirements

Opinion by: Michael Settas, Managing Director, Xelus Specialised Risk Solutions.



Current Magazine Article : Why small business does not create jobs

Category: Economy & Global : Local Economy
Author:Gillian Findlay
Email:[email protected]
Posted:28 Jul 2015

In South Africa we are self-employed out of necessity

Andrew Lester, Chief Marketing officer of Different Life, finds a solution to unemployment in South Africa



Current Magazine Article : Retirement Reform: Lowering charges and improving market conduct

Category: Retirement Provision : Retirement Funding
Author:Edited by ITInews
Email:[email protected]
Posted:23 Jul 2015

What role do defaults play in the retirement system?

National Treasury today took the first step towards implementing proposals that aim to lower charges and improve market conduct in the retirement industry.



Current Magazine Article : The tragedy that is Greece

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:13 Jul 2015

Having to return to living within one’s means is not austerity but reality

It seems to be fashionable to look for lessons for South Africa in the Greek dilemma



Current Magazine Article : The state of South Africa’s political economy

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:22 Jun 2015

A pragmatic rather than an ideological approach

Can South Africa form a smart, capable, effective, efficient, entrepreneurial, innovative, non-corrupt state?



Current Magazine Article : How perfect is that perfect job?

Category: Business Management : Organisational culture
Author:Prof Anton Grobler
Email:[email protected]
Posted:15 Jun 2015

Considering the psychology behind job satisfaction

What is important to the company at which we work sends a signal to society about who we are, and has implications for our own self-definition, regardless of the job level.



Current Magazine Article : Regulating the Foreign Exchange Market

Category: Industry & Legislation : Competition Commission
Author:Jac Laubscher
Email:[email protected]
Posted:06 Jun 2015

Why is the South African probe not being conducted by the Reserve Bank

The announcement by the Competition Commission (CC) of South Africa on 19 May that it was launching an investigation into a number of mostly international banks for alleged “price fixing” in the foreign exchange market related to trades involving the South African rand has caused quite a stir.



Current Magazine Article : The Fall in Private Investment

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:12 May 2015

South Africa’s potential growth rate has suffered long-term damage

The IMF’s latest World Economic Outlook includes a special focus on the slow recovery in private fixed investment after its sharp slump in the wake of the global financial crisis.



Current Magazine Article : Those crumbling BRIC(K)S

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:31 Mar 2015

'India has a rare opportunity to become the world’s most dynamic big economy'

The spotlight has recently fallen a lot on South Africa’s disappointingly low economic growth, mostly because of the negative effect it is having on revenue collection and thus the national budget.



Current Magazine Article : The Management of Government Debt

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:03 Mar 2015

South Africa runs the risk of its credit rating being downgraded

Much has been written and said about last week’s national budget, but as usual there is one aspect that has not received a great deal of attention.



Current Magazine Article : Who to Tax

Category: Taxation : Tax
Author:Jac Laubscher
Email:[email protected]
Posted:20 Feb 2015

The real problem with inequality is South Africa’s high unemployment rate

Next week’s National Budget will be the first since 1994 that will require increased taxes to raise revenue structurally rather than the usual increases in sin taxes or specific tax changes motived by some policy objective.



Current Magazine Article : Stealing a nation's future

Category: Industry & Legislation : FICA
Author:Jayne Boccaleone
Email:[email protected]
Posted:29 Jan 2015

South Africa loses billions to illicit financial flows (IFFs)

South Africa lost R 237 billion in illicit financial flows (IFFs) in 2011 and over R 1 trillion between 2002 and 2010, despite government preventative measures including the Financial Intelligence Centre Act (FICA), the Financial Advisors and Intermediate Services Act (FAISA) and the Financial Regulation Bill, according to a recent report by NGO Africa Monitor.



Current Magazine Article : Davos 2015: The world needs a new business model

Category: Economy & Global : Global Economy
Author:Edited by ITInews
Email:[email protected]
Posted:21 Jan 2015

The outlook for 2015 is bad for growth and jobs

The global economic system isn’t working for six billion people, warned labour leaders at the World Economic Forum in Davos.



Current Magazine Article : A few thoughts on the slide in oil prices

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:09 Jan 2015

The implications of lower oil prices for South Africa are numerous and mostly advantageous

The oil price has been much in the news lately because of its unexpected and dramatic slide since the middle of last year.



Current Magazine Article : OECD Report on Homework

Category: Consumer Affairs : Social Comment
Author:Edited by ITInews
Email:[email protected]
Posted:12 Dec 2014

Socio-economically advantaged students spend more time doing homework

New OECD PISA short report on homework, its impact on performance and differences between disadvantaged and wealthy students. Students who spend more time doing homework tend to score higher in the PISA mathematics test.



Current Magazine Article : SA consumers cut back on socialising as tough economic conditions

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:04 Dec 2014

But gifting still a significant portion of budget

South African consumers will cut back on travel and socialising in favour of food purchases over the festive season as tough economic conditions force people to be more pragmatic in their spending habits, according to Deloitte’s Year-End Holiday Survey 2014: Savvy Spenders on the Rise.



Current Magazine Article : Savings survey shows digital platforms are under-utilised for advising South Africans

Category: Technology : Technology Reviews
Author:Edited by ITInews
Email:[email protected]
Posted:01 Dec 2014

Potential to provide expert online content

The latest online survey results from IAB South Africa and Effective Measure provide an insightful snapshot of South Africans’ current savings and investment behaviour.



Current Magazine Article : Visa African Integration Index shows improvement

Category: Economy & Global : Local Economy
Author:Grant Henry
Email:[email protected]
Posted:25 Nov 2014

But long way off the global median

Visa in South Africa today launched the second annual Visa Africa Integration Index which measures the degree of economic integration within key trade corridors of sub-Saharan Africa, namely West Africa, East Africa and Southern Africa.



Current Magazine Article : South African digital economy the most developed in Africa – MasterCard Index

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:20 Nov 2014

South Africa, Egypt, Kenya and Nigeria are quickly moving towards digital evolution

South Africa’s digital economy is the most developed in Africa, and one of the fastest growing in the world, according to the new Digital Evolution Index developed by MasterCard and The Fletcher School at Tufts University that tracks a country’s movement toward digital evolution, gauges progress and assesses challenges in 50 countries comprising the Index.



Current Magazine Article : South Africa remains strong despite dwindling mining industry

Category: Investing : Coins & Collectables
Author:Edited by ITInews
Email:[email protected]
Posted:19 Nov 2014

South Africa currently ranks as the fifth largest gold producer in the world

While this may sound like a great feat, those who do not know about the country’s past will be shocked to know that it used to be the number one gold producer in the world.



Current Magazine Article : Africa: A 21st Century View

Category: Economy & Global : Global Economy
Author:Edited by ITInews
Email:[email protected]
Posted:18 Nov 2014

Deloitte predicts Africa’s gross domestic product will expand by 50% to $3.7 trillion by 2019

Africa’s gross domestic product (GDP) will grow by 50% to $3.7 trillion over the next five years as the continent’s rapidly expanding middle class helps drive faster rates of urbanization and increased consumer demand for goods and services, according to Deloitte, the global consulting and business advisory firm.



Current Magazine Article : Gold coins offer collectors a shiny future

Category: Investing : Coins & Collectables
Author:Edited by ITInews
Email:[email protected]
Posted:14 Nov 2014

Both gold and South Africa are a good future bet

In 2014, South Africa's milestones are truly 'golden', for it was 130 years ago that gold was discovered in South Africa in the Witswatersrand, and 20 years ago that our country became a democracy.



Current Magazine Article : Does financial regulation thwart moral hazard - Avoiding another global financial crisis

Category: Industry & Legislation : Regulatory Compliance
Author:Emma Kotze
Email:[email protected]
Posted:13 Nov 2014

World-leading finance expert to speak at UCT

One of the world’s leading financial figures will be speaking at the University of Cape Town on 2 December at a financial forum on the future of financial markets and financial stability.



Current Magazine Article : The threat of secular stagnation

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Nov 2014

It is generally accepted that structural reforms are the only answer

In my previous essay I referred to the possibility of secular stagnation (viz. a prolonged period of low economic growth) in the global economy and stated that it would be virtually impossible for the South African economy to be buoyant under those circumstances.



Current Magazine Article : What changed in people’s lives according to FinScope since 2004?

Category: Financial Services : Research
Author:Edited by ITInews
Email:[email protected]
Posted:04 Nov 2014

A ten year perspective on financial inclusion in South Africa

FinMark Trust released the results of its FinScope Consumer South Africa 2014 survey results today.



Current Magazine Article : A medium-term budget: an effort to draw the line

Category: Economy & Global : Local Economy
Author:Arthur Kamp
Email:[email protected]
Posted:22 Oct 2014

Weak economic performance has enforced material consolidation of fiscal policy

South Africa’s 2014 Medium-Term Budget Policy Statement is a concerted effort to halt the country’s deteriorating fiscal dynamics through the announcement of a fiscal package to ‘reinforce sustainability’.



Current Magazine Article : Fiscal realism required

Category: Economy & Global : Local Economy
Author:Jac laubscher
Email:[email protected]
Posted:07 Oct 2014

In the end economic realities will trump ideological preferences

Over the years the Medium Term Budget Policy Statement (MTBPS), the 2014 version of which is due on 22 October, has developed an importance of its own, comparable to that of the main budget.



Current Magazine Article : Under-taxing drivers is bad for environment and health, OECD says

Category: Consumer Affairs : Environment & Safety
Author:Edited by ITInews
Email:[email protected]
Posted:01 Oct 2014

Public finances and air quality suffer

Advanced economies are pushing up carbon emissions, traffic congestion and air pollution by under-taxing company cars and diesel fuel, according to new OECD research.



Current Magazine Article : Repo Rate: Commentary from Sanlam Investments

Category: Economy & Global : Local Economy
Author:Arthur Kamp
Email:[email protected]
Posted:18 Sep 2014

Real economic activity remains weak and inflation expectations remain relatively stable

The Reserve Bank’s decision to leave its repo rate unchanged at the conclusion of it Monetary Policy Committee meeting today was generally in line with expectations.



Current Magazine Article : African CEOs optimistic about growth despite challenges on the continent

Category: Business Management : Organisational culture
Author:Edited by ITInews
Email:[email protected]
Posted:11 Sep 2014

PwC report on opportunities and risks to doing business in Africa

‘The Agenda’ compiles results from 260 CEOs in Africa and includes insights from business and public sector leaders from 18 countries



Current Magazine Article : What is the use of credit ratings?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:02 Sep 2014

'financial stability-threatening herding and cliff effects'

The recent downgrade of South African banks by Moody’s (and the Reserve Bank’s surprisingly sharp response) has once again turned the spotlight on the role of credit rating agencies (CRAs) in the economy.



Current Magazine Article : The negative impact of reckless lending on consumers

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:01 Sep 2014

Micro loans and retail accounts are leading factors contributing towards over-indebtedness

The topic of risk to both consumers and financial institutions brought about by reckless lending has been thrust into the spotlight following the recent critical status assigned to African Bank Investment Ltd. (Abil), due to their inability to collect on consumer repayments for their unsecured loans.



Current Magazine Article : African Bank and Money-market Funds

Category: Banking & Bonds : Reserve Bank
Author:Jac laubscher
Email:[email protected]
Posted:16 Aug 2014

An afterthought to 'African Bank: too inclusive to fail'

It has been suggested in the media that the real reason why the SARB rescued African Bank is the exposure of money-market funds to African Bank debt instruments.



Current Magazine Article : Tattered reputation undergoes further shredding

Category: Consumer Affairs : Consumer Protection
Author:Edited by ITInews
Email:[email protected]
Posted:15 Aug 2014

Louis Group earns all the wrong accolades in Isle of Man liquidations

PWC investigator report details corporate governance failures and substantial personal loans while Alan Louis played Bank Bank with investor money.



Current Magazine Article : African Bank too inclusive to fail

Category: Banking & Bonds : Banking
Author:Jac laubscher
Email:[email protected]
Posted:13 Aug 2014

An extension of the problem of moral hazard

The rescue of African Bank by the South African Reserve Bank (SARB) once again demonstrates the difficulty of allowing a financial institution to fail and to let all the messy consequences play out unhindered.



Current Magazine Article : Return on translation - a partnership equation

Category: Business Management : Best Practices
Author:Francoise Henderson
Email:[email protected]
Posted:29 Jul 2014

The case for it is pretty solid on the whole

On entering new markets, the decision whether to translate your product interface (software, Web or hardware) or literature into new languages essentially comes down to the issue of return on investment (ROI).



Current Magazine Article : Statement on the impact of the Proposed Retirement Reforms

Category: Retirement Provision : Pension Funds
Author:Edited by ITInews
Email:[email protected]
Posted:11 Jul 2014

Rumours are based on a misunderstanding of Government’s proposals

Government’s proposed retirement reforms, including those relating to preservation of savings, are aimed at ensuring that pension fund members are better protected and can retire comfortably.



Current Magazine Article : The equity market vs. the economy

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:09 Jun 2014

The South African economy contracts while the stock exchange goes from strength to strength

Although the Johannesburg Stock Exchange has repeatedly reached new highs since the fourth quarter of 2011, the recent rise of the All Share Index to above the level of 50 000 has made many people sit up and take notice.



Current Magazine Article : More efforts needed to tackle rising obesity, says OECD

Category: Consumer Affairs : Healthcare
Author:Edited by ITInews
Email:[email protected]
Posted:28 May 2014

Most people in OECD countries are overweight or obese

The social and economic consequences of this epidemic are dramatic, exposing an increasing number of people to chronic diseases such as diabetes, heart disease and cancer.



Current Magazine Article : Foreign direct investment in Sub Saharan Africa on the rise

Category: Economy & Global : Global Economy
Author:Edited by ITInews
Email:[email protected]
Posted:15 May 2014

Significant shift away from extractive industries towards consumer related sectors

Africa’s share of global foreign direct investment (FDI) projects has reached the highest level in a decade, according to Executing Growth, EY’s 2014 Africa Attractiveness Survey



Current Magazine Article : Redistribution and Growth

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:08 May 2014

The greater the inequality in a community, the more they turn to the redistribution of income

The economist Robert Lucas, winner of the Nobel Prize for Economics in 1995 and regarded by many as the most influential macro economist of the last quarter of the previous century, once remarked that when it comes to economic growth “the consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else”.



Current Magazine Article : SA life and short-term insurers maintain their satisfaction levels this year

Category: Consumer Affairs : Consumer Affairs
Author:Jeffrey Onganga
Email:[email protected]
Posted:10 Apr 2014

It remains vital for insurers to maintain good relationships with intermediaries

SA consumers gave the short-term insurance industry an overall satisfaction score of 78.8 out of 100.



Current Magazine Article : New concerns about capital flows

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:09 Apr 2014

South African corporates are very well placed in terms of their debt levels

The dust regarding the risk of a crisis in emerging markets owing to a possible outflow of foreign capital just does not want to settle.



Current Magazine Article : Major pension fund investment to boost affordable housing stock in SA

Category: Property : Housing
Author:Zeenat Moosa
Email:[email protected]
Posted:08 Apr 2014

Housing is like a ladder, if there are rungs missing, the ladder is broken

The Eskom Pension and Provident Fund has committed R100 million to the development of around 20 000 new affordable homes in South Africa, through an investment in global private equity funder, International Housing Solutions.



Current Magazine Article : South Africa is winning a number of battles in the war on HIV and AIDS

Category: Consumer Affairs : Healthcare
Author:Ina van der Linde
Email:[email protected]
Posted:03 Apr 2014

Address the underlying socio-cultural norms in the affected communities

Some media reports following the release of the results of the SA National HIV Prevalence, Incidence and Behaviour Survey, 2012 on 2 April 2014, stated that South Africa is losing the war on HIV infection.



Current Magazine Article : From the NDP to the National Budget

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:12 Mar 2014

The size of the government has a negative effect on economic growth

The 2014 National Budget justifiably emphasises the need to bring the budget in line with the National Development Plan (NDP).



Current Magazine Article : State finances in a tight corner

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:27 Feb 2014

The enduring consequences of the fiscal mistakes of the past five years

I am afraid I am underwhelmed by the budget speech. In fact, I find it rather uninspiring. Except for a few marginal items, it offers nothing new.



Current Magazine Article : The National Budget and the US Fed’s tapering actions

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:20 Feb 2014

The negative impact of rand weakness on South Africa’s debt dynamics

No national budget is ever delivered in a vacuum and prevailing economic conditions have a profound impact on the required fiscal stance and the degree of discretion the fiscal authorities have in compiling the budget.



Current Magazine Article : Monetary policy in perspective

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:11 Feb 2014

Estimating the implicit inflation target of the South African Reserve Bank

The unexpected decision by the Reserve Bank Monetary Policy Committee (MPC) on 29 January to raise the repo rate by 50 basis points indicates a turning point in the state of monetary policy.



Current Magazine Article : Emerging-market currencies are on the run

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:03 Feb 2014

Some thoughts on Fed tapering and capital flows to emerging markets

Market expectations are that the Fed will systematically continue on this path and that QE will be completely phased out by the end of 2014.



Current Magazine Article : Worsening wealth gap seen as biggest risk facing the world in 2014

Category: Economy & Global : Global Economy
Author:Thomas Mills
Email:[email protected]
Posted:16 Jan 2014

World Economic Forum Global Risks 2014 report

Other risks of significant concern include extreme weather events, unemployment and fiscal crises. Over 50% of young people in some developed markets currently looking for work.



Current Magazine Article : President Jacob Zuma signs the Employment Tax Incentive Bill into law

Category: Education & Training : Human Resources
Author:Phumza Macanda
Email:[email protected]
Posted:19 Dec 2013

Employees connected or related to the employer are not eligible

President Jacob Zuma yesterday signed the Employment Tax Incentive Act No 26 of 2013, making into law an initiative that will complement government’s measures (as listed in the Youth Employment Accord) to create jobs for young workers and those in special economic zones.



Current Magazine Article : Economic growth in South Africa : a 20-year review

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:05 Dec 2013

South Africa does not compare favourably with its peers

With the twentieth anniversary of the transition to a democratic dispensation in South Africa imminent, it is becoming the in thing to evaluate the country’s progress during this period, particularly in economic terms.



Current Magazine Article : Economic growth in South Africa : a 20-year review

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:05 Dec 2013

South Africa does not compare favourably with its peers

With the twentieth anniversary of the transition to a democratic dispensation in South Africa imminent, it is becoming the in thing to evaluate the country’s progress during this period, particularly in economic terms.



Current Magazine Article : Proper validation of motor assets key to progress in SA insurance sector

Category: Short-Term Insurance : Motor Vehicle
Author:Edited by ITInews
Email:[email protected]
Posted:21 Nov 2013

Insurers must look to remove mis-priced risk

The automotive insurance industry has become increasingly competitive and pressured in recent years fuelled largely by the emergence of direct insurers and aggregators and a tough economic environment.



Current Magazine Article : Five years after the Lehmann incident : Part II

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:05 Nov 2013

The fiscal predicament in which South Africa finds itself today

In the first part of my retrospection of the collapse of the American investment bank, Lehman Brothers, in September 2008 and the ensuing financial crisis in the North-Atlantic countries, I focused on the crisis countries.



Current Magazine Article : Competition authorities should be cautious of entering the terrain of price regulation, says expert

Category: Industry & Legislation : Competition Commission
Author:Kerry Simpson
Email:[email protected]
Posted:31 Oct 2013

There is no suggestion in the Act

Price regulation may not be appropriate in South Africa's private healthcare sector, says competition law specialist, Anthony Norton of Nortons Inc.



Current Magazine Article : Top Ten Holiday Safety Tips

Category: Consumer Affairs : Environment & Safety
Author:Thuli Sikhosana
Email:[email protected]
Posted:31 Oct 2013

The holiday season is upon us and with it comes excitement, happiness and holidays

The holiday season does however also come with additional risk in terms of crime.



Current Magazine Article : Is your business ready to deal with the ramifications of POPI law?

Category: Industry & Legislation : POPI
Author:Teresa Settas
Email:[email protected]
Posted:30 Oct 2013

Small and medium-sized business most at risk

The Protection of Personal Information Bill (POPI) has been passed by the National Assembly and is likely to be signed into law as an enforceable Act before the end of this year.



Current Magazine Article : South Africa faces a looming critical shortage of specialist doctors, warn experts

Category: Consumer Affairs : Healthcare
Author:Kerry Simpson
Email:[email protected]
Posted:29 Oct 2013

Expensive national resources lost and underutilised without a strategic employment plan

South Africa faced a "looming crisis" in the healthcare sector in coming years if the number of practicing medical specialists was not increased considerably to meet the needs of a growing population.



Current Magazine Article : Five years after the Lehmann incident : Part 1

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:09 Oct 2013

The crisis legacy lives on - no sustainable recovery in economic growth and employment

For most people the collapse of the American investment bank, Lehmann Brothers, in September 2008 was the start of the North-Atlantic financial crisis owing to the highly visible impact it has had on financial markets.



Current Magazine Article : SA: Strike season hits home

Category: Economy & Global : Local Economy
Author:Peter Attard Montalto
Email:[email protected]
Posted:04 Oct 2013

BMW investment lost to labour instability, and Woolworths criticizes economic model

We don't normally comment on the day by day, blow by blow of the strike season, but there are two important events today.



Current Magazine Article : The future of digital in Africa is limitless

Category: Technology : Technology Reviews
Author:Liezl Roxin
Email:[email protected]
Posted:09 Sep 2013

The real power of technology lies with the people that use it

Africa is a fusion of many cultures and no one archetype can define us. However, many African nations have similar needs in terms of social-economic development.



Current Magazine Article : China joins international efforts to end tax evasion

Category: Taxation : Tax
Author:Edited by ITInews
Email:[email protected]
Posted:28 Aug 2013

Automatic exchange of information as the new, global standard

China signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters at a ceremony today at the OECD.



Current Magazine Article : The economics of passive investment management

Category: Investing : Asset Management
Author:Jac Laubscher
Email:[email protected]
Posted:13 Aug 2013

Lower investment management fees should not be the only concern

The National Treasury (NT) recently released a discussion document on charges in South African retirement funds for public comment before it formulates specific policy proposals in this regard.



Current Magazine Article : South African banking is in crisis

Category: Banking & Bonds : Banking
Author:Aki Kalliatakis
Email:[email protected]
Posted:13 Aug 2013

... but you knew that already

Banking is in crisis. No, I don't mean bonus scandals, gambling with other people's money, rate fixing, product mis-selling and evidence shredding.



Current Magazine Article : The sustainability of the South African welfare state

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:06 Aug 2013

Social grant beneficiaries

In political terms South Africa can best be described as a social democracy with the typical characteristics of the welfare state.



Current Magazine Article : The Competition Regime is a system usually known as criminal extortion

Category: Industry & Legislation : Regulatory Compliance
Author:Edited by ITInews
Email:[email protected]
Posted:19 Jul 2013

They simply pay up on demand

"Why are private sector executives handing over large sums of shareholder funds to the government agencies when there is no legal reason to do so?"



Current Magazine Article : Unemployment set to remain high in OECD countries through 2014

Category: Economy & Global : Global Economy
Author:Edited by ITInews
Email:[email protected]
Posted:16 Jul 2013

Youth and low-skilled hit hardest

Unemployment in OECD countries will remain high through 2014, with young people and the low-skilled hit hardest, according to a new OECD report.



Current Magazine Article : How important is the exchange rate for financial stability?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:02 Jul 2013

Addressing systemic risk in the financial system

The recent sharp deterioration in the rand exchange rate, the first since the heightened focus on financial stability in the wake of the global financial crisis, has given rise to the question of whether exchange rate movements should be taken into account in the pursuit of financial stability.



Current Magazine Article : The new Expropriation Bill - better but still bad

Category: Industry & Legislation : Statutory Changes
Author:Edited by ITInews
Email:[email protected]
Posted:26 Jun 2013

Between 50% and 90% of land reform projects have failed

The Bill makes it quicker and cheaper for the state and restricts right of access to justice to those with deep pockets.



Current Magazine Article : South Africa's education - A right or a privilege?

Category: Education & Training : Human Resources
Author:Edited by ITInews
Email:[email protected]
Posted:20 Jun 2013

Fixing it will take urgent private- and public-sector investment

The right to education is central to youth development, but the availability and quality of that education still falls far short of the constitution's ideals.



Current Magazine Article : Insurance 2020: Unleashing the value from values

Category: Business Management : Organisational culture
Author:Edited by ITInews
Email:[email protected]
Posted:11 Jun 2013

Communications and training alone won’t drive change

Five golden rules for a high performing culture in the insurance industry



Current Magazine Article : The Achilles heel of the economy

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Jun 2013

South Africa in the category of so-called 'twin deficit' countries

Traditionally, the current account balance of the balance of payments has been the Achilles heel of the South African economy.



Current Magazine Article : The business of African infrastructure

Category: Investing : Private equity
Author:Edited by ITInews
Email:[email protected]
Posted:22 May 2013

The Infrastructure Africa Business Forum 16-17 July 2013

Africa experienced a positive growth rate of more than 5% annually over the past decade and as such provides attractive opportunities for business to invest.



Current Magazine Article : Global Survey: Enterprise social collaboration on the rise

Category: Technology : Technology Reviews
Author:Edited by ITInews
Email:[email protected]
Posted:20 May 2013

But consumer social technologies are driving today's adoption

In the next 12 months companies plan to shift from consumer services to enterprise-class social collaboration technologies



Current Magazine Article : Entrepreneurship falls to new low

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:24 Apr 2013

The World Cup is over and SA needs a wake-up call

Almost three years after the FIFA Soccer World Cup, entrepreneurial activity in South Africa has dropped to an alarming new low.



Current Magazine Article : Financing small business

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:19 Apr 2013

A key to economic recovery

Access to finance remains a key challenge for small and medium-sized enterprises and a stumbling block to recovery in most countries, according to a new OECD report.



Current Magazine Article : Western Cape Economic Development Partnership

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:19 Apr 2013

EDP implements plan to move from vision to action

"When people ask us what we do, we tell them: 'our business is partnerships,'" says Andrew Boraine, Acting CEO of the Western Cape Economic Development Partnership (EDP).



Current Magazine Article : Lessons from India and Brazil

Category: Economy & Global : Local Economy
Author:Brent Wilson
Email:[email protected]
Posted:28 Mar 2013

It is obvious that the mining, manufacturing and agriculture sectors are in a crisis

These industries have reached a crossroads that could spell the difference in the sustainability of the industries involved, and prolong or curtail the economic survival of these industries as a tax base, undoubtedly a critical future support for government economic policy.



Current Magazine Article : Questions and Answers: Alan Louis - Louis Group

Category: Views & Letters : Letters to the Editor
Author:Edited by ITInews
Email:[email protected]
Posted:26 Mar 2013

Business Rescue with Investec, Liquidation avoided - for now that is

"To be fully investigated by independent liquidators and for any wrongdoers to be brought to justice"



Current Magazine Article : Thoughts on the “uncompetitive” Rand

Category: Economy & Global : Local Economy
Author:John Loos
Email:[email protected]
Posted:14 Mar 2013

There's no easy road to higher long term economic growth

The weak Rand debate is back, and the arguments in favour of a weak currency still seem to largely ignore the realities of human behaviour.



Current Magazine Article : Competition Amendment Act partly commences

Category: Industry & Legislation : Competition Commission
Author:Paul Coetser
Email:[email protected]
Posted:11 Mar 2013

Market inquiry provisions take effect on 1 April 2013

In an unexpected move the President on Friday 8 March 2013 issued a proclamation setting 1 April 2013 as the date on which the market inquiry provisions of the Competition Amendment Act No 1 of 2009 will come into force.



Current Magazine Article : Rising debt-to-GDP ratio risks turning into a financial nightmare

Category: Economy & Global : Local Economy
Author:Dawie Roodt
Email:[email protected]
Posted:02 Mar 2013

The problem with debt is that it has to be repaid; another problem is that debt costs money

In the past few financial years, the finance minister has been budgeting for a fairly large fiscal deficit.



Current Magazine Article : Reality bites

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:28 Feb 2013

The prospect of cutting government expenditure more or increasing taxes

The basis for the shift in the 2013 national budget was actually already set by a comment in the 2012 Medium Term Budget Policy Statement (MTBPS) released in October last year, which passed by virtually unnoticed.



Current Magazine Article : Discovery Health response to Stan Eiser

Category: Healthcare Insurance : Medical Schemes
Author:Dr Jonathan Broomberg, CEO, Discovery Health
Email:[email protected]
Posted:21 Feb 2013

It is unclear why Mr. Eiser chooses to persist with these unfounded allegations

Mr Eiser appears to have a personal axe to grind with Discovery Limited and the Discovery Health Medical Scheme (DHMS). He has raised similar spurious issues numerous times in the past, and seems impervious to the comprehensive responses that have been provided.



Current Magazine Article : Discovery’s probable loss of control over Discovery Health Medical Scheme

Category: Healthcare Insurance : Medical Schemes
Author:Stan Eiser
Email:[email protected]
Posted:20 Feb 2013

By now Gore should have reduced Limited’s cash dependency on DHMS

The trustees of Discovery Health Medical Scheme (DHMS) have given members of the scheme more than sufficient cause, indeed compelling reasons, to have them removed and replaced with an entirely new slate.



Current Magazine Article : South Africa's investment edge in Sub-Saharan Africa

Category: Economy & Global : Global Economy
Author:Edited by ITInews
Email:[email protected]
Posted:14 Feb 2013

Time to use it or lose it

Crunch time has arrived for SA's position as investment gateway to Africa, with warnings that it must use its competitive advantages or increasingly risk losing out on big institutional investments to more attractive economies in Sub-Saharan Africa (SSA).



Current Magazine Article : Will this time be different?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:07 Feb 2013

NDP may actually become the framework within which Government will conduct future policy

The adoption of the National Development Plan (NDP) as the blueprint for South Africa’s future by the delegates to the ANC’s recent national congress has been widely acclaimed.



Current Magazine Article : Financial inclusion moves to centre stage as world grapples with recovery

Category: Industry & Legislation : Regulatory Compliance
Author:Edited by ITInews
Email:[email protected]
Posted:01 Feb 2013

Stringent regulation has potential to strangle growth - Deloitte expert

South Africa and other developing countries can lead the world in a discussion about financial inclusion, specifically improving access to financial services to the poor, as developed countries in Europe and the United States grapple with recovery from the global financial crisis.



Current Magazine Article : Troubled Europe is quickly regaining competitiveness

Category: Economy & Global : Global Economy
Author:Edited by ITInews
Email:[email protected]
Posted:30 Jan 2013

Readjustment in Europe is underway as Germany, France and U.K. are becoming more expensive

Driven by austerity and massive job cuts, Europe's most troubled economies have dramatically improved their labor competitiveness since Q2 2011, according to a new Executive Action Report from The Conference Board.



Current Magazine Article : Fleet management vs. asset recovery

Category: Short-Term Insurance : Motor Vehicle
Author:Deon Bayly
Email:[email protected]
Posted:21 Jan 2013

No system can do everything perfectly

It is a common misperception that fleet management systems are also effective recovery systems. This is absolutely not the case!



Current Magazine Article : Household sector financial vulnerability - Debt Service Risk Index ticks higher

Category: Economy & Global : Local Economy
Author:John Loos
Email:[email protected]
Posted:17 Jan 2013

The topic of household debt will likely be a major theme in 2013

Expect the topic of household sector indebtedness to be a key theme in 2013. Over the years, perhaps fueled by the consumer boom of last decade, we have seen a seemingly increasing obsession amongst many households over consumption and credit.



Current Magazine Article : Stop playing political games with the farm workers of De Doorns

Category: Consumer Affairs : Social Comment
Author:Herman Mashaba
Email:[email protected]
Posted:17 Jan 2013

100 years of legislated poverty 1913-2013

The so-called farm worker strike in the Western Cape is of great concern to most South Africans, often for very different reasons.



Current Magazine Article : Lack of cohesion leads to highest road fatalities in years

Category: Consumer Affairs : Consumer Affairs
Author:Caryl Kolk
Email:[email protected]
Posted:10 Jan 2013

The AA condems the lack of implementation

Today saw the announcement that 1,465 people died on South Africa's roads over the 2012 festive season.



Current Magazine Article : Germany in good shape ahead of tough year

Category: Economy & Global : Global Economy
Author:Andreas Bilfinger
Email:[email protected]
Posted:09 Jan 2013

2013, like 2012, will pose significant economic challenges

As the Eurozone faces up to various stern tests of togetherness, economic durability and toughness in 2013, Germany's economy is preparing to be one of few national economies to maintain growth during these tough times.



Current Magazine Article : Fighting Arguments for Protectionism

Category: Economy & Global : Local Economy
Author:Neil Emerick
Email:[email protected]
Posted:11 Dec 2012

Manufacturing used to form 22% of our economy and has now fallen to 15%

How does the government encourage trade with our new BRIC partners while simultaneously handling calls for protection from our largest manufacturers?



Current Magazine Article : Is SA’s macroeconomic policy still on track?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Dec 2012

The unsustainability of growth through redistribution has been demonstrated

As a result of the global financial crisis in 2008, macroeconomic policy makers faced new challenges that required them to think outside the box.



Current Magazine Article : Medical aids "need to demystify themselves"

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:26 Nov 2012

Medical aids are offering less value for money

South African consumers see medical aid schemes as "complicated and unfair" - but are generally woefully unaware of the benefits of their plans.



Current Magazine Article : Insurance Mobile Applications no help to clients when they really need them

Category: Short-Term Insurance : Claims
Author:Christian Nolterieke
Email:[email protected]
Posted:21 Nov 2012

Auto insurance apps score best - majority of all apps lack functions to register and track claims

Mobile Apps of insurance companies fail at providing the most basic interactive functions for the user, such as features to ask for an offer/quote, register a claim and check the status of their claim.



Current Magazine Article : Investors highly exposed to climate change and freshwater risks

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:20 Nov 2012

Listed bonds and equities of companies in high carbon sectors are mispriced?

A new report released today by WWF-South Africa (WWF-SA) and WWF-UK, in collaboration with Carbon Tracker, Trucost, SinCo and the Government Employee Pension Fund (GEPF), shows that institutional investors are failing to systematically factor in climate change and freshwater risks when making investment decisions.



Current Magazine Article : BMR Early Economic Growth Indicator (EEGI) trends show volatility and slowdown in economic growth

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:12 Nov 2012

Such periods of volatility and decline are largely self-made

The early economic growth indicator (EEGI) developed by the Bureau of Market Research (BMR) at the University of South Africa (Unisa) shows that although economic activity for South Africa picked up substantially following the 2008 to 2009 recession, the road to higher growth has been somewhat volatile.



Current Magazine Article : Reforming labour relations in South Africa

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:08 Nov 2012

Collective bargaining, especially in its more centralised form, in effect suspends the labour market

Recent strike action, in particular in the mining sector, has demonstrated the need for reform in labour relations in South Africa.



Current Magazine Article : Mango's legal responsibility to release its results in terms of the PFMA

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:06 Nov 2012

Mango Airlines has never released its financial statements

Comair Limited has highlighted that Mango, as a separate legal entity from SAA and a State Owned Enterprise, is legally required to publish its financial statements - which has not been done since Mango's inception six years ago.



Current Magazine Article : Comair responds to 1Time liquidation

Category: Consumer Affairs : Consumer Affairs
Author:Marise Lerm
Email:[email protected]
Posted:03 Nov 2012

Unfair state competition from SAA and Mango

Comair Limited, South Africa's leading aviation company listed on the Johannesburg Stock Exchange, regrets the news that 1Time filed for liquidation yesterday.



Current Magazine Article : Big Four Banks acting in bad faith

Category: Consumer Affairs : Consumer Protection
Author:Edited by ITInews
Email:[email protected]
Posted:24 Oct 2012

"Banking bullies still using scare tactics," says debt counsellor

Protections under the National Credit Act (NCA) do not appear to prevent banking 'bullies' resorting to intimidation tactics when pursuing debtors, claims a leading debt industry figure.



Current Magazine Article : A pay freeze is a silly idea

Category: Consumer Affairs : Social Comment
Author:Dawie Roodt
Email:[email protected]
Posted:23 Oct 2012

That something is wrong in the country has actually been apparent for some time

On the 18th of this month the presidency issued a release on the package adopted at the second meeting of the Presidential High Level Dialogue.



Current Magazine Article : Greece's withdrawal from the Eurozone could cause global economic crisis

Category: Economy & Global : Global Economy
Author:Edited by ITInews
Email:[email protected]
Posted:17 Oct 2012

Bertelsmann Foundation warns of extensive domino effects

Greece's exit from the Euro bears the risk of kindling a wildfire throughout Europe and possibly even on an international level and may result in a worldwide economic crisis.



Current Magazine Article : Working as a consultant when retired

Category: Consumer Affairs : Consumer Affairs
Author:David Kimberley
Email:[email protected]
Posted:17 Oct 2012

Retirement doesn't necessarily have to be a function of age

Retired Consultants offers a venue for retired professionals in South Africa to continue working and sharing their expertise as consultants.



Current Magazine Article : Is there light at the end of the tunnel?

Category: Economy & Global : Local Economy
Author:Merina Willemse
Email:[email protected]
Posted:05 Oct 2012

The past two weeks have posed some challenges for South Africa

On 27 September, Moody's Investment Services (the American credit rating agency) downgraded South Africa's sovereign debt status and kept a negative outlook of SA.



Current Magazine Article : A ray of light in the darkness

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:02 Oct 2012

Reference to a Third Industrial Revolution is becoming more and more common

During the past month reporting on the South African economy has been dominated by the events at Lonmin’s mine at Marikana and the negative picture painted of the mining industry and South Africa at large.



Current Magazine Article : Discriminatory health insurance products and prescribed minimum benefits

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:21 Sep 2012

Letter to the Ministers of Finance and of Health

"... exclusion of any party able to represent the interests of consumers of health care. These discussions are in fact only happening behind closed doors."



Current Magazine Article : Regulator of medical schemes concerned over false advertising, high administration fees

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:21 Sep 2012

"The public is being misled"

The Council for Medical Schemes is concerned that some entities in the medical schemes industry employ false advertising strategies to deliberately mislead the public.



Current Magazine Article : Independent body is critical to avoid corruption becoming endemic in South Africa

Category: Consumer Affairs : Social Comment
Author:Edited by ITInews
Email:[email protected]
Posted:17 Sep 2012

Criticising the demise of the Scorpions

If Government is serious about tackling large scale corruption in South Africa then it urgently needs to take drastic action by establishing an independent anti-corruption body, or else risk the situation becoming endemic.



Current Magazine Article : Confessions of an "unreconstructed neo-liberal fundamentalist"

Category: Economy & Global : Local Economy
Author:Dawie Roodt
Email:[email protected]
Posted:07 Sep 2012

It's one thing criticising policy; it's another to come up with an alternative

Not so long ago Jeremy Cronin, second comrade in the South African Communist Party, called me an "ureconstructed neo-liberal fundamentalist", actually he called me a "hysterical" one.



Current Magazine Article : Circumventing inconvenient legislation

Category: Consumer Affairs : Consumer Protection
Author:Brent Wilson
Email:[email protected]
Posted:06 Sep 2012

National Credit Regulator declares Voluntary Debt Mediation Solution (VDMS) illegal.

The National Credit Regulator has instructed the National Debt Mediation Association not to implement the VDMS pilot project.



Current Magazine Article : Letter to the Editor

Category: Views & Letters : Letters to the Editor
Author:Robyn Zimmermann
Email:[email protected]
Posted:05 Sep 2012

NDMA

Our company is experienced in dealing with Debt review, reckless lending, litigation in terms of the National Credit Act and the Consumer Protection Act.



Current Magazine Article : IMF praise undermined by SA's chronic problems

Category: Economy & Global : Local Economy
Author:Nomvuyo Guma, Simon Freemantle
Email:[email protected]
Posted:24 Aug 2012

The IMF has completed its Article IV Consultation with South Africa

The tone of the statement was broadly positive. However, we believe that the remaining challenges are not likely to be resolved, or indeed resolvable, in the short term.



Current Magazine Article : South Africa mine violence highlights structural challenges

Category: Economy & Global : Local Economy
Author:Carmen Altenkirch
Email:[email protected]
Posted:24 Aug 2012

Policy uncertainty and lack of progress on education and labour reforms

The protests highlight broader structural problems that have long weighed on South Africa's rating, Fitch Ratings says.



Current Magazine Article : The importance of the appropriate institutions

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:08 Aug 2012

Progress and poverty are determined by incentives created by institutions

The American economist and Nobel Prize winner Robert Lucas once wrote about economic growth that “the consequences for human welfare involved in questions like these are simply staggering. Once one starts to think about them, it is hard to think about anything else.”



Current Magazine Article : Interference at all costs

Category: Economy & Global : Local Economy
Author:Dawie Roodt
Email:[email protected]
Posted:03 Aug 2012

The current economic environment contains a bewildering combination of elements

Although a conventional analysis of the local and international economies is possible, the conclusion of such an analysis is likely to decide that only cash and perhaps gold are assets that should be considered for investments.



Current Magazine Article : A vitamin booster for a tired economy

Category: Economy & Global : Local Economy
Author:Cees Bruggemans
Email:[email protected]
Posted:24 Jul 2012

The hard work of overcoming prejudice and self-interest

What would a vitamin booster for a tired post-modern industrial economy marked by strong underdevelopment characteristics aim to do and what would be its nature?



Current Magazine Article : Consumer confidence deteriorates significantly during 2Q2012

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:18 Jul 2012

The FNB/BER CCI declined from +5 index points in 1Q2012 to -3 index points in 2Q2012

Consumers' rating of the prospects for the national economy, the outlook for their own finances and the appropriateness of the present time to buy durable goods all deteriorated notably during 2Q2012.



Current Magazine Article : The end of socialism

Category: Economy & Global : Global Economy
Author:Dawie Roodt
Email:[email protected]
Posted:13 Jul 2012

The title of this note may sound out of place

Clearly it must be wrong; the end of socialism is not nigh, socialism is making a comeback. Clearly capitalism, "the markets", laissez-faire is on the wane. Or is it?



Current Magazine Article : Europe at the crossroads

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:03 Jul 2012

Political projects that do not take cognisance of economic realities are doomed to fail

The European crisis has been in progress for more than two years and the end is not in sight yet.



Current Magazine Article : Don't rule out a rate cut

Category: Economy & Global : Local Economy
Author:Dawie Roodt
Email:[email protected]
Posted:25 Jun 2012

Interest rates should not be cut again

In real terms interest rates are negative; the repo rate stands at 5.5% while inflation is hovering just above 6% - giving a real rate of around -0.5%.



Current Magazine Article : Seven ways for business to benefit in tough times

Category: Business Management : Best Practices
Author:Edited by ITInews
Email:[email protected]
Posted:19 Jun 2012

Ways to "future proof" a business

South African companies should approach tough times through 2012 and possibly into 2013 by fighting to retain talented staff, diversifying their service offerings, exploring other markets and intensifying engagement with their customers.



Current Magazine Article : The economic consequences of stricter bank regulations

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:06 Jun 2012

Implications for the cost of doing business, economic growth and employment

The process of stricter regulating of financial institutions and markets following the global financial crisis is still in full swing, with the banks in the spotlight.



Current Magazine Article : Jobs for youth key to Africa's continued economic growth and social cohesion

Category: Education & Training : Human Resources
Author:Edited by ITInews
Email:[email protected]
Posted:28 May 2012

The continent is experiencing jobless growth

With the number of youths in Africa set to double by 2045, countries across the continent should boost job creation and help young people acquire new skills, according to the African Economic Outlook 2012.



Current Magazine Article : Interest rates on hold

Category: Economy & Global : Local Economy
Author:Merina Willemse
Email:[email protected]
Posted:25 May 2012

It's the right thing to do

The 6.1% Consumer Price Inflation (CPI) for the month of April was slightly below what the market expected.



Current Magazine Article : Economics Plus

Category: Economy & Global : Local Economy
Author:Merina Willemse
Email:[email protected]
Posted:15 May 2012

Most of the job losses were in the manufacturing and construction sectors

South Africa's unemployment rate increased to an unexpected 25.2% in the first quarter of 2012 after decreasing to 23.9% in the final quarter of 2011.



Current Magazine Article : Is a fiscal policy council the answer?

Category: Economy & Global : Local Economy
Author:Jac laubscher
Email:[email protected]
Posted:08 May 2012

The sharp increase in the government’s wage and salary bill could perhaps have been avoided

There is no denying that, rightly or wrongly, in the opinion of some people the credibility of South Africa’s fiscal policy has been impaired.



Current Magazine Article : Is this our opposition to the ANC? Eish!

Category: Economy & Global : Local Economy
Author:Dawie Roodt
Email:[email protected]
Posted:26 Apr 2012

Perhaps the DA's poverty alleviation plans are just cheap opportunism

The Democratic Alliance's "plan to protect the poor from increases in the cost of living" is boring, unimaginative, not original and in cetain areas totally wrong.



Current Magazine Article : The changing role of the Reserve Bank

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Apr 2012

The pursuit of financial stability

As the Monetary Policy Committee has kept the repo rate unchanged at 5,5% for 16 months, interest in the Reserve Bank’s activities has waned.



Current Magazine Article : National Treasury statement on Standard & Poor's ratings comment

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]
Posted:29 Mar 2012

Political debate cannot be construed as political instability

Standard and Poor's affirms South Africa's long-term foreign credit rating at 'BBB+' and local currency credit rating at 'A': Outlook Revised to Negative from Stable



Current Magazine Article : From redistribution to wealth creation

Category: Economy & Global : Local Economy
Author:Jac laubscher
Email:[email protected]
Posted:06 Mar 2012

Promote entrepreneurship within the framework of a comprehensive small business strategy

It is generally accepted that the state has a role to play in the distribution of income in order to promote social stability, or to ensure a more equitable society.



Current Magazine Article : SA needs a new tax regime

Category: Taxation : Tax
Author:Dawie Roodt
Email:[email protected]
Posted:23 Feb 2012

A case of dream on ...

Our tax regime has become so cumbersome, expensive and disruptive that it distorts the allocation of resources in the economy and hampers economic performance. It needs a total overhaul.



Current Magazine Article : First thoughts on the National Budget

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:22 Feb 2012

"Redistribution is not a substitute for economic growth and job creation"

If there were any surprises in this year’s budget, they were primarily on the positive side.



Current Magazine Article : It all comes together in the Budget

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:15 Feb 2012

The impression of greater unity of purpose within Government

Since Government started releasing the Medium Term Budget Policy Statement (MTBPS) in the fourth quarter every year in the run-up to the next budget, the February Budget event has lost some of its shine.



Current Magazine Article : On the credibility of the Medium-term Budget

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:07 Feb 2012

Excess expenditure is not regarded with the same benevolence as excess revenue

The ink had hardly dried on the 2011 Medium Term Budget Policy Statement (MTBPS) when Moody's announced that it was revising its outlook for South Africa's credit rating from stable to negative.



Current Magazine Article : The outlook for 2012 is not so bleak

Category: Economy & Global : Global Economy
Author:Dawie Roodt
Email:[email protected]
Posted:03 Feb 2012

Global economic growth is clearly under pressure!

Uncertainty about the European debt crisis, a slowdown in China, debt downgrades, and the apparent failure of economic policy to kick-start global growth, are behind the recent downward revisions of economic growth.



Current Magazine Article : Is the housing market 25% over-valued?

Category: Economy & Global : Local Economy
Author:John Loos
Email:[email protected]
Posted:01 Feb 2012

Recent growth rates imply that real house price decline continues

We don't think it is possible to say, but nevertheless do expect some further real house price decline.



Current Magazine Article : Global executives say companies should be measured by their societal purpose

Category: People & Companies : Corporate Social Responsibility
Author:Zintle Letlaka
Email:[email protected]
Posted:30 Jan 2012

The success of a business should be measured by more than just profit

Private sector leaders and Millennials believe business, more than any other area, has the potential to impact society's biggest challenges



Current Magazine Article : The economics of the National Development Plan

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:07 Dec 2011

The possibility for South African society at large to rise above debilitating political squabbling

The National Development Plan (NDP) put forward by the National Planning Commission in support of its Vision for 2030 is a wide-ranging document that deserves serious consideration.



Current Magazine Article : Year Plan to improve your finances

Category: Consumer Affairs : Consumer Advice
Author:Edited by ITInews
Email:[email protected]
Posted:05 Dec 2011

It has become customary practice to devise a list of resolutions for the year ahead

Vaguely crafted good intentions won't do it and don't last the full year. You have to have a plan.



Current Magazine Article : Key role for banks in country's economic development

Category: Banking & Bonds : Banking
Author:Edited by ITInews
Email:[email protected]
Posted:30 Nov 2011

2012 report to put banking sector in spotlight as infrastructure projects take shape

South Africa's small and medium-sized enterprises (SMEs) would benefit from an easing of compliance regulations and faster public sector payments, according to Nedbank Group's Chief Executive Mike Brown.



Current Magazine Article : The Moody Blues - It would serve us well to heed the message

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:15 Nov 2011

International credit rating agencies have had a torrid time since 2008

They have been partly blamed for the global financial crisis because of the inappropriate ratings they granted to the mortgage-backed securitised assets that were at the heart of the crisis, resulting in the accuracy and credibility of their rating models being questioned.



Current Magazine Article : High Court dismissal of BHF application has profound implications for medical schemes industry

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:11 Nov 2011

Triumph of a fanciful ideology on healthcare financing that lacks sustainability

The High Court dismissal this week to have Prescribed Minimum Benefits (PMB) paid at medical scheme tariffs rather than actual cost could have profound implications for the medical schemes industry.



Current Magazine Article : I found your article on the court ruling regarding PMBs to be misleading

Category: Healthcare Insurance : Medical Schemes
Author:Heidi Kruger
Email:[email protected]
Posted:08 Nov 2011

The uncertainty with regards to pricing of healthcare will be allowed to continue

The case was dismissed because the Judge ruled that BHF, the representative body, did not have locus standi and therefore the judgement did not go into the merits of the matter at all.



Current Magazine Article : Victory for regulator, members of medical schemes

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:07 Nov 2011

The prescribed minimum benefits (PMBs) which protect members of medical schemes remain in place

And the law which prescribes them stands. The North Gauteng High Court handed down the ruling earlier today.



Current Magazine Article : Supply-side factors expected to favour food availability in 2012

Category: Economy & Global : Local Economy
Author:Andree Loubscher
Email:[email protected]
Posted:28 Oct 2011

The affordability of food is a different matter

The coming year is expected be a relatively vibrant one for South African agriculture, owing to expected good rainfall and increased planting.



Current Magazine Article : The unpleasant reality of budget constraints

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:28 Oct 2011

Government should be looking to where it can stand back

The core message of the 2011 Medium Term Budget Policy Statement (MTBPS) is that Government has reached its limit, in size as well as in effectiveness.



Current Magazine Article : Retirement planning is not an event

Category: Retirement Provision : Retirement Funding
Author:Edited by ITInews
Email:[email protected]
Posted:19 Oct 2011

An over-reliance on property as a savings vehicle has left many investors with an illiquid asset

Most South African financial consumers are concerned about the extent to which they are financially prepared for retirement.



Current Magazine Article : Consumers under greater pressure in second quarter

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:14 Oct 2011

The latest Consumer Financial Vulnerability Index

Although the Consumer Financial Vulnerability Index (CFVI) revealed that consumers felt more financially vulnerable in the second quarter of this year, the index also showed that it's not all doom and gloom.



Current Magazine Article : The medium-term budget and the European debt crisis

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:11 Oct 2011

There is no room for a further increase in budget deficits and government debt

The updated medium-term budget policy statement for South Africa will be released later this month against the backdrop of the fiscal crisis in Europe.



Current Magazine Article : Coins reflect our heritage - and make for a good investment too

Category: Investing : Coins & Collectables
Author:Edited by ITInews
Email:[email protected]
Posted:30 Sep 2011

The history of a country's currency forms a valuable part of its heritage

With September being heritage month, the value of coin collecting and investing is examined below.



Current Magazine Article : Regulator deregisters GetMed Medical Scheme

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:27 Sep 2011

Complaints received from its members

The Office of the Registrar for Medical Schemes has taken the decision to cancel the registration of GetMed Medical Scheme in terms of section 27 of the Medical Schemes Act, 131 of 1998.



Current Magazine Article : Creating heritage through investment

Category: Consumer Affairs : Consumer Advice
Author:Sylvester Kgatla
Email:[email protected]
Posted:26 Sep 2011

"a good man leaves an inheritance for his children's children"

Every year during the month of September, South Africans celebrate their diverse heritage on September 24.



Current Magazine Article : A key business issue for insurers

Category: Technology : Technology Reviews
Author:Edited by ITInews
Email:[email protected]
Posted:19 Sep 2011

Strive to make every interaction with the customer a more productive touch point

Insurers are renewing their focus on top line growth, seeking ways to increase premium volumes while at the same time improving profitability.



Current Magazine Article : New advancements to reduce motor premiums for consumers

Category: Short-Term Insurance : Motor Vehicle
Author:Edited by ITInews
Email:[email protected]
Posted:16 Sep 2011

Premiums to be based on actual risk

New technologies that track and monitor the driving behaviour of motorists are set to revolutionise the motor insurance industry in South Africa, providing businesses and consumers the opportunity to significantly reduce the premiums they are paying.



Current Magazine Article : A matter of trust

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:09 Sep 2011

The quality of economic policy-making will heavily influence the nation's longer-term prospects

Economic forecasts are often compared with weather forecasting, the difference being that economic conditions normally do not change as quickly as the weather.



Current Magazine Article : Waiting on interest rates

Category: Economy & Global : Local Economy
Author:Tendani Mantshimuli
Email:[email protected]
Posted:05 Sep 2011

Local economic update

What the South African Reserve Bank Monetary Policy Committee meeting means for consumers



Current Magazine Article : State Intervention in the Mining Sector

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:01 Sep 2011

Nationalisation without compensation is in our view not politically feasible

As a financial services group, Sanlam does not have the legitimacy to speak on behalf of the mining industry.



Current Magazine Article : New approaches to leadership shifts organisational cultures

Category: Business Management : Best Practices
Author:Natasha Arendorf
Email:[email protected]
Posted:08 Aug 2011

"When learning falls behind the rate of change it basically breaks everything"

The worst thing a leader can do is believe that they know it all, but, says Chris Breen, Associate Professor at the UCT Graduate School of Business, in his many years of working with those at the top, this is one of the most common characteristics of SA leaders.



Current Magazine Article : FSB issues a warning to consumers not to conduct business with Ideal Dreams

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:05 Aug 2011

Ideal Dreams claims to be conducting arbitrage trading

The Financial Services Board (FSB) issues a warning to consumers not to conduct financial services business with Ideal Dreams, a entity that advertises its services on the internet inviting consumers to invest at least R5 000 and earn 5% interest per day, which is paid daily.



Current Magazine Article : Widows a latent threat to every adviser's business

Category: Reviews : Book Reviews
Author:Carol Dundas
Email:[email protected]
Posted:04 Aug 2011

Manage your Money, Live your Dream - helping women achieve financial wellbeing

The biggest long-term threat to an adviser's business may not be a market collapse, stringent regulation or rapidly rising costs.



Current Magazine Article : Motsoaledi calls for 're-engineering' of healthcare system

Category: Healthcare Insurance : State Healthcare
Author:Edited by ITInews
Email:[email protected]
Posted:05 Jul 2011

"We have a predatory healthcare system"

The Minister of Health, Dr Aaron Motsoaledi, has hit out at the "deadly divide" in South Africa's healthcare system, saying that the structure we have now is worse than what existed during apartheid.



Current Magazine Article : How long can the Reserve Bank still wait?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:05 Jul 2011

Inflation is likely to reach a high in the next nine months

Raising interest rates when inflation is about to peak and economic activity is already slowing down will result in this continuing.



Current Magazine Article : Southern Africa needs a regional insurance market

Category: Short-Term Insurance : Regional Insurance Market
Author:Edited by ITInews
Email:[email protected]
Posted:30 Jun 2011

A frustratingly inconsistent approach to the way in which covers are arranged in each country

Recent moves by President Zuma to encourage the creation of a free trade zone covering Southern and East Africa is a positive development.



Current Magazine Article : There are 2 realities about private medical cover in SA

Category: Healthcare Insurance : Medical Schemes
Author:Michael Settas
Email:[email protected]
Posted:01 Jun 2011

Firstly it is expensive and secondly, benefit structures are complex

The rising complexity is a result of medical schemes designing benefit structures that are more effective in managing over utilisation of expensive medical services in order to keep costs as affordable as possible.



Current Magazine Article : Business is cleaning up its act

Category: Consumer Affairs : Consumer Affairs
Author:Stella Carter
Email:[email protected]
Posted:30 May 2011

The new Companies Act calls on directors to rethink their ethics strategy

The new Companies Act came into effect this May. It now places much more responsibility on top management and holds directors liable for losses.



Current Magazine Article : A coalition between Government, the Private Sector and SETAs is necessary to tackle skills shortages

Category: Consumer Affairs : Education
Author:Natasha Arendorf
Email:[email protected]
Posted:26 May 2011

"If the education crisis is not fixed then businesses throughout South Africa will grind to a halt"

According to the latest skills survey from the Institute of Directors (IoD), the growth of nearly 60% of businesses is being held back by a lack of skills in the wider workforce and among existing employees.



Current Magazine Article : South Africa begins ACORD standards pilot

Category: Industry & Legislation : Regulatory Compliance
Author:Edited by ITInews
Email:[email protected]
Posted:25 May 2011

Sharing data and also meeting new regulatory requirements

Having completed development efforts on a number of areas, insurers and brokers are beginning a pilot of ACORD (www.acord.org) Standards in South Africa.



Current Magazine Article : Will entrepreneurship gains from 2010 be short lived?

Category: Economy & Global : Local Economy
Author:Edited by ITInews
Email:[email protected]tinews.co.za
Posted:13 May 2011

Not enough is being done to support and nurture entrepreneurs

Global Entrepreneurship Monitor (GEM) research released today (12 May) shows that the FIFA World Cup brought spike in numbers of businesses being started in South Africa but long-term job creation prospects poor.



Current Magazine Article : Retirement expo attracts attention from leading brands

Category: Retirement Provision : Retirement Funding
Author:Edited by ITInews
Email:[email protected]
Posted:12 May 2011

A platform for the Baby Boomer segment

Thebe Exhibitions and Projects Group (TEPG) announced today that their Retirement Expo in October this year will showcase leading financial, property and lifestyle brands.



Current Magazine Article : Inclusive Growth

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 May 2011

Reasons for OECD pessimism

The Minister of Finance, Mr Pravin Gordhan, recently appealed to South African economists to give greater attention to the matter of inclusive growth, in other words to what must be done to ensure that all South Africans derive benefit from the growth in the economy.



Current Magazine Article : Insurance heads speak out on climate change

Category: Short-Term Insurance : Risk Management
Author:Senzi Dlamini
Email:[email protected]
Posted:04 May 2011

A larger role for enterprise wide risk management

The South Africa Market Watch, one of Alexander Forbes' signature insurance industry publications, recorded the views of CEOs from several leading South African insurers on climate change.



Current Magazine Article : MMI finalises brand strategy, capitalising on existing brand strengths

Category: People & Companies : Company Organization
Author:Alethea Patterson
Email:[email protected]
Posted:20 Apr 2011

MMI Holdings has announced its branding strategy

The newly established group has decided to retain and apply its existing client-facing brands, Metropolitan and Momentum, in the six operating divisions.



Current Magazine Article : South African insurance heads speak out on increasing legislation

Category: Industry & Legislation : Regulatory Compliance
Author:Stuart Meyer
Email:[email protected]
Posted:20 Apr 2011

Consumers the legislation aimed to protect might well end up footing the largest part of the bill

The South Africa Market Watch, one of Alexander Forbes' signature insurance industry publications, recently recorded the views of CEOs and MD's from leading South African insurers on the insurance market, current issues and likely future developments.



Current Magazine Article : Why health reforms are necessary

Category: Healthcare Insurance : State Healthcare
Author:Thabiso Buku
Email:[email protected]
Posted:12 Apr 2011

On 07 April 2011, the world celebrated World Health Day

This year's theme is: Antimicrobial resistance - no action today, no cure tomorrow. In simple terms, antimicrobial resistance refers to drug resistance, a situation where medicines are rendered ineffective.



Current Magazine Article : A new era dawns for global insurance industry

Category: Short-Term Insurance : Global Sustainability
Author:Carrie Nixon
Email:[email protected]
Posted:12 Apr 2011

Plan, predict and act with confidence and certainty in an ever changing world

Industry pow wow looks at systemic risk, sustainability and starts developing a set of industry-wide principles to manage new and emerging risks



Current Magazine Article : Absa continues Opening Doors for small business development

Category: People & Companies : New Products
Author:Edited by ITInews
Email:[email protected]
Posted:23 Mar 2011

SMEs are important catalysts for development, effectively addressing employment and wealth creation

Absa Small Business today launched a new campaign aimed primarily at job creation and the sustainability of entrepreneurs.



Current Magazine Article : Profound changes coming to insurance industry

Category: Short-Term Insurance : Risk Management
Author:Sandra Sampayo
Email:[email protected]
Posted:11 Mar 2011

Growing systemic risk a crucial issue for the insurance industry

United Nations meeting in Johannesburg ahead of Rio+20 will formulate principles and actions by which to keep insurance sustainable in a changing world



Current Magazine Article : Government moves to block Gaddafi and listed Libyans's funds

Category: Industry & Legislation : FICA
Author:Kershia Singh
Email:[email protected]
Posted:11 Mar 2011

Statement by Minister Pravin Gordhan regarding the UNSC Resolution on Libya

The South African Government unequivocally welcomes and supports the United Nations Security Council (UNSC) Resolution 1970 (2011) which, among other things, calls for a freeze of the funds and assets belonging to specific Libyan individuals and entities.



Current Magazine Article : Disappointing building confidence decline in 1Q2011

Category: Economy & Global : Local Economy
Author:Cess Bruggemans
Email:[email protected]
Posted:10 Mar 2011

At the moment none of the historical patterns hold true

The FNB/BER building confidence index retreated from 38 in 4Q2010 to 24 in 1Q2011. This is the same level than in 2Q2010, which was the lowest in the recession.



Current Magazine Article : What difference will fiscal guidelines make?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:08 Mar 2011

The government is wasting scarce savings

As part of the recent budget the National Treasury proposed a set of fiscal guidelines for South Africa in accordance with which government finance is to be managed in the future.



Current Magazine Article : Vodacom Business assists Santam in their Safer Driving Campaign

Category: Short-Term Insurance : Motor Vehicle
Author:Bette Kun
Email:[email protected]
Posted:04 Mar 2011

Deal includes LiveTrack vehicle tracking system and safer drivers to get refunds

Vodacom Business has successfully secured a deal in which their LiveTrack vehicle tracking system will be used to assist Santam in launching a Safer Driver campaign.



Current Magazine Article : Carbon tax opens the way to a greener economy

Category: Taxation : Tax
Author:Marcio Issufo
Email:[email protected]
Posted:01 Mar 2011

But the tax will cost South Africa's large corporations some R82bn per annum

The National Treasury's proposed carbon tax, which remains open for public comment until 28 February, has led to some heated discussion in both the media and corporate circles.



Current Magazine Article : The Middle East crisis, oil markets, property and household indebtedness

Category: Economy & Global : Local Economy
Author:John Loos
Email:[email protected]
Posted:24 Feb 2011

Unpredictability is raising the risks to the local housing market and to household finances

Brent Crude oil prices hit intraday levels of around $119/barrel, sharply up from below $100/barrel only a few days ago and fuelled by major unrest across several countries, the most troubled one seemingly Libya at present.



Current Magazine Article : Flooding and Tyre Safety

Category: Short-Term Insurance : Motor Vehicle
Author:Edited by ITInews
Email:[email protected]
Posted:22 Feb 2011

What does this mean for car owners?

The South African government estimates that the damage caused by the unprecedented flooding occurring across the country over the past two months could well run into hundreds of millions of rands.



Current Magazine Article : Economic Prospects, 1st Quarter 2011

Category: Economy & Global : Local Economy
Author:Hugo Pienaar
Email:[email protected]
Posted:17 Feb 2011

A brighter outlook with 4% GDP growth in sight

Recent economic data releases strongly suggest that SA GDP growth accelerated towards 4% quarter-on-quarter (annualized) in the final quarter of 2010.



Current Magazine Article : Looking ahead at the 2011 National Budget

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:15 Feb 2011

During the Mbeki-Manuel era, we became used to very orthodox budgets being the norm

Fiscal conservatism was the order of the day, with the budget deficit and the national debt (relative to GDP) gradually but persistently reduced from levels that risked becoming unsustainable, to being exemplary.



Current Magazine Article : FNB Quarterly Residential Property Review - February

Category: Economy & Global : Local Economy
Author:John Loos
Email:[email protected]
Posted:10 Feb 2011

Relative affordability and the expectation of mild average house price deflation in 2011

The FNB Quarterly Housing Review focuses on the key issue of housing affordability, and why residential demand has not grown significantly despite a very significant improvement in the two "traditional" calculations of affordability that are used.



Current Magazine Article : Can offshore portfolio investment serve as a policy instrument?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:08 Feb 2011

One cannot blame private investors for being rather reluctant to invest more funds off-shore

The increase in the maximum limit on offshore investments for institutional investors announced by the National Treasury in December last year has been widely welcomed.



Current Magazine Article : New sponsor Absa scrums down with the Springboks

Category: People & Companies : Marketing
Author:Edited by ITInews
Email:[email protected]
Posted:04 Feb 2011

Sponsorships are a cornerstone of our marketing investment

Absa Bank today announced that it has taken over the sponsorship of rugby's defending world champions, the Springboks.



Current Magazine Article : The latest on Bonitas Medical Fund

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:03 Feb 2011

Postponement of the special general meeting and elections to 28 May 2011

In November 2010 the Registrar of Medical Schemes appointed independent inspectors to conduct an inspection into the affairs of Bonitas Marketing (Pty) Ltd and Bonitas Medical Fund in terms of the Inspection of Financial Institutions Act 80 of 1998.



Current Magazine Article : Low mortgage advances growth recorded in 2010

Category: Property : Housing
Author:Edited by ITInews
Email:[email protected]
Posted:31 Jan 2011

Year-on-year growth percentage in mortgage advances is forecast to remain in single digits

Year-on-year (y/y) growth in household credit extension, comprising instalment sales agreements, leasing finance, mortgage advances, overdrafts, credit card debt and other loans and advances, came to 6,9% at the end of 2010 after rising by 7,2% up to November last year.



Current Magazine Article : Closing the financial gap

Category: Economy & Global : Disaster Insurance
Author:Edited by ITInews
Email:[email protected]
Posted:27 Jan 2011

Public private partnerships: New solutions for financing disaster risks

Public-private partnership solutions can substantially ease the financial burden natural disasters put on government budgets.



Current Magazine Article : Revisiting the European debt crisis

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:27 Jan 2011

European authorities have been dragging their feet for too long

There is a strong consensus that one of the biggest risks to the global economy and financial markets in 2011 resides in how the European sovereign debt crisis will play itself out.



Current Magazine Article : South Africa, China's gateway into Africa

Category: Economy & Global : Local Economy
Author:Mabel Modipa
Email:[email protected]
Posted:25 Jan 2011

First China Inc meets SA Inc Business Forum

Following 13 years of diplomatic ties, it is becoming more evident that trade between China and South Africa is gaining momentum.



Current Magazine Article : Consumers not yet out of the woods

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:18 Jan 2011

18-39 year age group are the most vulnerable

The third quarter 2010 results of the Consumer Financial Vulnerability Index (CFVI) which covers the latest trends in consumer financial vulnerability, as gathered from key informants during the third quarter of 2010, indicate that South Africans remain financially vulnerable although available economic data shows continuous improvements in the macro-economy, with the exception of employment levels where job losses are still continuing.



Current Magazine Article : How are life insurance premiums calculated?

Category: Life Insurance : Life Cover
Author:Edited by ITInews
Email:[email protected]
Posted:13 Jan 2011

And other questions you may have on Life Insurance

Petrie Marx, an actuary in product development from Sanlam Personal Finance answers some questions



Current Magazine Article : AA reaction to festive season road fatality statistics

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:11 Jan 2011

1221 fatal crashes a cost of more than R 1.5 billion to the economy

The Automobile Association of South Africa (AA) was in full support of the announcement that the government will be announcing a new strategy to look at road maintenance across the country and to build access roads into rural areas.



Current Magazine Article : Significance and potential of microinsurance in supporting development in emerging markets

Category: Life Insurance : Microinsurance
Author:Edited by ITInews
Email:[email protected]
Posted:15 Dec 2010

Microinsurance refers to insurance products especially designed for low-income individuals

Swiss Re’s latest sigma study “Microinsurance - risk protection for 4 billion people” emphasises the relevance of microinsurance as an effective and viable risk management solution for low-income individuals.



Current Magazine Article : South Africans reining in the spending horses this festive season

Category: Consumer Affairs : Consumer Affairs
Author:Allison MacDonald
Email:ed[email protected]
Posted:14 Dec 2010

South Africans are taking their financial problems seriously - very seriously indeed

A Kudough survey has found that most of us are giving ourselves the festive gifts of a lighter debt burden and more money in the bank this year.



Current Magazine Article : Central banking will never be the same again

Category: Banking & Bonds : Reserve Bank
Author:Jac Laubscher
Email:[email protected]
Posted:08 Dec 2010

No central bank has total independence with regard to its policy goals

One of the consequences of the global financial and economic crisis is that it has resulted in a fundamental review of the role and independence of central banks.



Current Magazine Article : Regulator wants curator for Sizwe Medical Fund

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:08 Dec 2010

Investigation points to material irregularities

The Registrar of Medical Schemes on Monday asked the South Gauteng High Court in Johannesburg to place Sizwe Medical Fund under curatorship. The case number is 49503/2010.



Current Magazine Article : Positive indicators of increased financial inclusion - understanding livelihoods

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:07 Dec 2010

A huge opportunity for the financial services industry

FinMark Trust launches the 2010 results of its annual FinScope South Africa study.



Current Magazine Article : The New Growth Path

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:02 Dec 2010

Does it really take us forward?

Perfectly sensible policies can be tarnished by the perception that they were unable to deliver on their promises.



Current Magazine Article : South Africa slips slightly in World Bank 2011 Doing Business Index

Category: Consumer Affairs : Consumer Affairs
Author:Khomotso Makuse
Email:[email protected]
Posted:15 Nov 2010

The Ease of Doing Business Index

Promoting South Africa's reputation as a globally competitive investment destination



Current Magazine Article : South Africa improves marginally in 2010 Human Development Index rankings

Category: Economy & Global : Local Economy
Author:Khomotso Makuse
Email:[email protected]
Posted:15 Nov 2010

Overall score has remained stable since 2005

Marginal improvement year-on-year supports future investment potential in terms of an active, healthy and educated workforce capable of high productivity levels.



Current Magazine Article : QE2 sinks hope for globally coordinated economic policies

Category: Economy & Global : Global Economy
Author:Kershia Singh
Email:[email protected]
Posted:08 Nov 2010

Devastating consequences for exports from developing countries

South Africa is very concerned about this week's decision by the United States of America (USA) to launch a second round of buying government bonds.



Current Magazine Article : Currency wars: cool heads now required

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:28 Oct 2010

Fundamental reordering of the global landscape cannot take place without major currency realignment

It was the Brazilian Minister of Finance who put the cat among the pigeons by describing the current wave of competitive devaluations and the resistance to them as a "currency war".



Current Magazine Article : FSB warns against unregistered business conduct of ABG Auto Finance

Category: Consumer Affairs : Consumer Protection
Author:Russel Michaels
Email:[email protected]
Posted:22 Oct 2010

ABG could be in contravention of numerous financial legislative Acts

In order to protect the interests of consumers, the Financial Services Board (FSB) has issued a warning to consumers not to conduct financial services business with ABG Investment Portfolios and its subsidiaries ABG Auto Finance and Auto-Bank (ABG).



Current Magazine Article : Termination of the HSBC - Old Mutual - Nedbank negotiations

Category: Banking & Bonds : Banking
Author:Bert Chanetsa
Email:[email protected]
Posted:21 Oct 2010

Manner in which HSBC withdrew from the process is cavalier

HSBC was irresponsible in the manner it chose to terminate discussions for the acquisition of Nedbank.



Current Magazine Article : Retirement is not an event

Category: Retirement Provision : Retirement Funding
Author:Johan Gouws
Email:[email protected]
Posted:13 Oct 2010

Any well structured investment plan starts with a clear objective and timeframe

Most South African financial consumers are concerned about the extent to which they are financially prepared for retirement.



Current Magazine Article : How much stronger for how much longer?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:12 Oct 2010

Be careful in wishing for a reversal of this trend as the fallout could be rather disorderly

The exchange rate of the rand is currently the centre of attention in the economic debate in South Africa, but then one could say that that has been the case for at least the past year already.



Current Magazine Article : Fiscal policy: Who has the last say?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:07 Oct 2010

Is National Treasury losing its grip on government finances as SA becomes a welfare state?

The release of the 2010 Medium-term Budget later this month (27 October) is being awaited with even more interest than usual.



Current Magazine Article : Retirement planning - time is not on your side unless you start early

Category: Retirement Provision : Retirement Funding
Author:Julian Alben
Email:[email protected]
Posted:04 Oct 2010

Don't defer retirement planning until too late

When we think about retirement planning, there is often the temptation to think that we have enough time on our side.



Current Magazine Article : Financial Services Board Vs. Dynamic Wealth Group

Category: Industry & Legislation : FSB
Author:Russel Michaels
Email:[email protected]
Posted:27 Sep 2010

Court dismisses FSB application to place part of Dynamic Wealth under curatorship

FSB Registrar also interdicted from withdrawing Dynamic Wealth licenses



Current Magazine Article : Bonitas in new hands

Category: Healthcare Insurance : Medical Schemes
Author:Aleksandra Serwa
Email:[email protected]
Posted:18 Sep 2010

Costs awarded on a punitive basis

The High Court yesterday divested the Board of Bonitas of their powers as trustees following a counter-application by the Council for Medical Schemes (CMS) to an application by the scheme interdicting the CMS from instituting proceedings to remove the Board for not being fit and proper.



Current Magazine Article : Withdrawal of licenses of Dynamic Wealth companies

Category: Industry & Legislation : FAIS
Author:Russel Michaels
Email:[email protected]
Posted:15 Sep 2010

Guilty of contravention of the law, defiance or circumvention of regulation

Dynamic Wealth Management (Pty) Ltd and Dynamic Wealth Stockbrokers (Pty) Ltd



Current Magazine Article : Announcement relating to Efficient Capital (Pty) Limited and Sharemax

Category: Consumer Affairs : Consumer Affairs
Author:Warrick Lace
Email:[email protected]
Posted:09 Sep 2010

"The investors should be able to decide what they want"

Investors of each PSC have the right to request the company secretary of such PSC to convene a meeting of shareholders.



Current Magazine Article : Patience is a virtue

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:08 Sep 2010

We find ourselves at a time when economic news is changing continually

Positive and negative reports follow each other like clockwork, which makes it difficult to determine the underlying trend with any great certainty.



Current Magazine Article : Best time to start retirement saving is today, says the South African Savings Institute

Category: Consumer Affairs : Consumer Advice
Author:Carol Dundas
Email:[email protected]
Posted:31 Aug 2010

Only 3% of South Africans will be financial independent on retirement

You don't need a financial planning tool to tell you the best time to start saving for retirement - it's TODAY!



Current Magazine Article : Making informed insurance decisions

Category: Consumer Affairs : Consumer Advice
Author:Busi Mngomezulu
Email:[email protected]
Posted:31 Aug 2010

Insurance is one of those things that people do not want to think about

No one likes the idea of loss or death and the potential problems associated with them.



Current Magazine Article : Circle Of Life

Category: Estates & Wills : Estate Planning
Author:Vanya Terblanche
Email:[email protected]
Posted:10 Aug 2010

It is often said that the only certainties in life are death and taxes

If this is true, then we are dealing with a vast number of uncertainties, aren't we?



Current Magazine Article : A fragile recovery

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Aug 2010

At present the spotlight should be on unemployment

As far as macro-economic policy is concerned, the most important point of discussion worldwide at the moment is the length of time the current stimulatory policy will still have to be maintained.



Current Magazine Article : The impact of road crashes on the healthcare system

Category: Consumer Affairs : Environment & Safety
Author:Ubuhle Zwane
Email:[email protected]
Posted:04 Aug 2010

The economic ramifications of irresponsible behaviour on the road

Studies from the Department of Transport and Human Sciences Research Council (HSRC) show that the greatest portion of crashes on South African roads is caused by the human factor.



Current Magazine Article : You do the maths

Category: Investing : Strategy
Author:Sylvester Kgatla
Email:[email protected]
Posted:29 Jul 2010

What is ultimately required for a sustainable economy is for consumers to save and invest more

With almost 60% of South Africa's Gross Domestic Product (GDP) coming from consumers, it is somewhat encouraging to note the current boost in consumer confidence, which has seen Retail sales surpass expectations and make an impressive surge to 4,6% in May 2010.



Current Magazine Article : The cost of technology on motor vehicle insurance

Category: Short-Term Insurance : Motor Vehicle
Author:Jacques Pretorius
Email:[email protected]
Posted:26 Jul 2010

Selecting the correct insurance cover on your vehicle remains fundamentally important

The evolution within the vehicle industry has been both staggering and inspiring.



Current Magazine Article : FSB appoints trustees for electrical contracting industry retirement funds

Category: Industry & Legislation : FSB
Author:Russel Michaels
Email:[email protected]
Posted:08 Jul 2010

Boards were not properly constituted as the rules of the funds required

The Financial Services Board (FSB) has taken regulatory action by appointing a board of trustees for the Electrical Contracting Industry Pension Fund and the Electrical Contracting Industry Provident Fund.



Current Magazine Article : The State vs the Market: a never-ending debate

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:07 Jul 2010

Politically motivated decisions that do not take full account of economic realities

One of the immediate side-effects of the global financial crisis was the resumption of the never-ending debate on the respective roles of the market and the state in the economy.



Current Magazine Article : FSB says be cautious of IIMSA

Category: Consumer Affairs : Consumer Affairs
Author:Russel Michaels
Email:[email protected]
Posted:29 Jun 2010

Complaints from investors who cannot access or retrieve their investments

The Financial Services Board (FSB) has warned the public to be cautious when dealing with Integrated Investment Management SA (IIMSA) regarding financial services related business.



Current Magazine Article : Planning your estate is crucial

Category: Estates & Wills : Estate Planning
Author:Pieter Du Preez
Email:[email protected]
Posted:28 Jun 2010

Success, whether in business or personal life, is invariably the result of good planning

Financial security for you and your loved ones is, perhaps, the most important planning objective of all.



Current Magazine Article : TPM deplores expenditure on World Cup tickets; will take action if necessary

Category: Taxation : Tax
Author:Gillian Findlay
Email:[email protected]
Posted:22 Jun 2010

Government employees need to remember that they are but custodians of taxpayer's money

The Taxpayers' Movement of SA (TPM) is closely following the issue of World Cup tickets having been purchased with taxpayers' money.



Current Magazine Article : Is inflation the solution?

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:03 Jun 2010

No society will easily reach agreement on equitable distribution of a burden regarded as unfair

In my previous commentary ("The BIG fiscal challenge" of 5 May 2010) I outlined the huge challenge some countries are facing in getting their fiscal affairs in order.



Current Magazine Article : Global economy running out of steam, say accountants

Category: Economy & Global : Local Economy
Author:Raylene Brophy
Email:[email protected]
Posted:10 May 2010

Solid economic growth moving further away, rather than closer

In its latest Global Economic Conditions Survey, the Association of Chartered Certified Accountants (ACCA) has found that the global economic recovery has run out of steam with confidence taking a hit and a return to solid economic growth moving further away, rather than closer.



Current Magazine Article : The BIG fiscal challenge

Category: Economy & Global : Global Economy
Author:Jac Laubscher
Email:[email protected]
Posted:05 May 2010

Just when markets wanted to take a breather, a new crisis appeared on the horizon

The bank crisis is largely a thing of the past (except for ongoing risks here and there), but the aftermath includes a fiscal crisis. The common factor is that an unchecked building up of debt levels, whether in the private or the public sector, is not sustainable.



Current Magazine Article : Short-term insurance association supports healthy competition in the vehicle security market

Category: Short-Term Insurance : Motor Vehicle
Author:Adele Joubert
Email:[email protected]
Posted:23 Apr 2010

Vehicle crime no longer the biggest challenge facing motor insurance

"The South African Insurance Association (SAIA) supports healthy competition, across all industries," said SAIA Chief Executive Barry Scott.



Current Magazine Article : The quiet before the storm!

Category: Consumer Affairs : Consumer Affairs
Author:Bruce Manuel
Email:[email protected]
Posted:15 Mar 2010

Let the Seller Beware

"Most South African businesses seem to be blissfully unaware that the most draconian of the provisions of the new Consumer Protection Act will soon be coming into effect," said consumer law specialist Neville Melville at the launch of his latest book, "The Consumer Protection Act made easy."



Current Magazine Article : 62% of South Africans don't save money

Category: Consumer Affairs : Consumer Advice
Author:Joanne Isaacs
Email:[email protected]
Posted:15 Mar 2010

Start creating your own cash cow

According to an annual FinScope survey, which tracks the use of financial services products in South Africa, a whopping 62% of South Africans simply don't save.



Current Magazine Article : Personal income patterns and profiles for South Africa, 2009

Category: Economy & Global : Local Economy
Author:Madeleine Goetz
Email:[email protected]
Posted:28 Feb 2010

One of the highest Gini coefficients in the world

Carel van Aardt and Marietjie Coetzee show in their report on personal income in South Africa during 2009 (BMR Report 387) that negative GDP and employment growth during 2009 had a direct impact on personal income growth and the distribution of such income growth.



Current Magazine Article : Namibian judgment may have an impact on the future of labour broking in South Africa

Category: Legal Affairs : Legal Opinion
Author:Vatalidis, July and Workman-Davies
Email:[email protected]
Posted:04 Feb 2010

SA Labour broking a multi-billion rand industry providing employment to large numbers of employees

As an industry which employs individuals for placement with third parties, the scope for exploitation of employees cannot be disregarded.



Current Magazine Article : The National Budget - A view from the top

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Feb 2010

Government's debt servicing costs

Should government's budget merely be about listing all the spending requests from different departments and raising the required taxes and loans to meet them?



Current Magazine Article : Regulator wants curator for Bonitas Medical Fund

Category: Healthcare Insurance : Medical Schemes
Author:Edited by ITInews
Email:[email protected]
Posted:26 Jan 2010

... the third-largest medical scheme

The acting Registrar of Medical Schemes has today filed papers with the South Gauteng High Court in Johannesburg asking for an urgent hearing to place Bonitas Medical Fund under curatorship in terms of Section 56 of the Medical Schemes Act (Act 131 of 1998).



Current Magazine Article : Consumer financial vulnerability improves slightly

Category: Economy & Global : Local Economy
Author:Janet Wilhelm
Email:[email protected]
Posted:25 Jan 2010

... but people still at risk

The financial vulnerability of consumers improved slightly during the fourth quarter of 2009, although general levels of vulnerability remain a serious concern, according to the latest results of the Consumer Financial Vulnerability Index (CFVI).



Current Magazine Article : Is IT being used to transform the financial services sector?

Category: Technology : Technology Reviews
Author:Luizet Ruzow
Email:[email protected]
Posted:26 Nov 2009

Do not lose sight of what it is that gives most companies the competitive edge

But the question on everyone's lips at the moment is whether new technologies are being used to transform the sector in line with international trends, or whether the great and the good alike are just in a holding pattern.



Current Magazine Article : Trust registration process finally clarified

Category: Consumer Affairs : Consumer Affairs
Author:Lucy Reyburn
Email:[email protected]
Posted:09 Nov 2009

Authorities should have addressed the issue months ago

The Department of Justice and Constitutional Development has listened to the fiduciary industry and now done all that is necessary to remove the confusion surrounding the payment for registration of trust deeds at the Master's Office.



Current Magazine Article : Trusts unable to be registered, delays and confusion at Master's Office

Category: Consumer Affairs : Consumer Affairs
Author:Lucy Reyburn
Email:[email protected]
Posted:30 Oct 2009

FISA calls on SARS and the Master's Office to offer urgent clarity

Confusion surrounding the use of revenue stamps for payment of registration of trust deeds and requests for certified copies of documents already lodged with the Master's Office will lead to delays and inconvenience for the public from Monday.



Current Magazine Article : Managing a fiscal calamity

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:28 Oct 2009

Required degree of discipline on the expenditure side was just not politically feasible

The 2009 MTBPS released yesterday is probably as good as one could expect under the circumstances.



Current Magazine Article : Falling short of FAIS 'fit and proper' requirements

Category: Industry & Legislation : FAIS
Author:Alethea Patterson
Email:[email protected]
Posted:09 Oct 2009

The representative's dishonesty supervened his inability to do his job

In what is believed to be the first case of its kind in South Africa, Metropolitan's decision to debar a representative for falling short of FAIS 'fit and proper' requirements has been upheld by the CCMA.



Current Magazine Article : Recession takes its toll on insurance industry

Category: Consumer Affairs : Consumer Affairs
Author:Caitlin Hawken
Email:[email protected]
Posted:14 Sep 2009

KPMG Survey

The deterioration of the South African economy during 2008 had an adverse effect on the financial performance of the insurance industry.



Current Magazine Article : The New Companies Act opens opportunity for Financial Advisers

Category: Columnists : John-Ernest Fogwell
Author:John-Ernest Fogwell
Email:[email protected]
Posted:12 Sep 2009

More responsible clients for the insurance broker?

The New Companies Act, due to be promulgated in 2010, is changing the face of corporate business in South Africa and as we all know change brings opportunity.



Current Magazine Article : Resolution no longer an administrator and managed care organisation

Category: Healthcare Insurance : Medical Schemes
Author:K. Patrick Matshidze
Email:[email protected]
Posted:02 Sep 2009

Flagrant contravention of the provisions contained in Regulation 23 of the Medical Schemes Act

The Council for Medical Schemes (CMS) had granted temporary accreditation to Resolution Health (Pty) Ltd and Resolution Administrators (Pty) Ltd in October 2008, subject to conditions.



Current Magazine Article : The Pensions Crisis

Category: Retirement Provision : Retirement Funding
Author:Jac Laubscher
Email:[email protected]
Posted:06 Aug 2009

The only defence - increase your rate of contribution

The global financial crisis that started in August 2007 developed into an economic crisis in the fourth quarter of last year, which plunged the global economy into its first recession since the Second World War.



Current Magazine Article : FSB provides a financial health warning

Category: Consumer Affairs : Consumer Affairs
Author:Russel Michaels
Email:[email protected]
Posted:04 Aug 2009

Exercise caution when dealing with an entity styling itself Platinum Investments

The public is warned to exercise caution when dealing with an entity styling itself Platinum Investments based in Ermelo, Mpumalanga.



Current Magazine Article : New Era Life company placed under curatorship

Category: Industry & Legislation : FSB
Author:Russel Michaels
Email:[email protected]
Posted:09 Jul 2009

Serious contraventions of various provisions of the Long-Term Insurance Act

New Era Life Company Limited (New Era) has been placed under provisional curatorship by the North Gauteng High Court.



Current Magazine Article : Learn how to invest effectively

Category: Reviews : Book Reviews
Author:Rose Ferrans
Email:[email protected]
Posted:09 Jul 2009

Essential reading for every potential, novice or professional investor and investment adviser

During times of economic downturn and upheaval, people express heightened interest in the stock market and there is a greater need for sound advice.



Current Magazine Article : Where are we in the economic downswing?

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Jun 2009

Indications of the challenges government finance will be facing this year

"The question now is whether Mr Mboweni meant the repo rate would not be reduced further, or that further rate cuts would be limited in total"



Current Magazine Article : Economic recovery

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:15 May 2009

The bad news is punctuated by a positive surprise now and then

Following a period of continued negative news, recent international economic statistics have started becoming more mixed.



Current Magazine Article : Aviation insurers in danger

Category: Short-Term Insurance : Aviation
Author:Henry Tours
Email:[email protected]
Posted:17 Apr 2009

Grave difficulty in trying to enforce exclusions and warranties

Many insurers, especially of the aviation extraction, face possible loss of defences against dodgy claims by being unable to comply with the SA laws relating to timeous issue of policies.



Current Magazine Article : FAIS Penalty Letters

Category: Views & Letters : Letters to the Editor
Author:Chris van der Walt
Email:[email protected]
Posted:01 Apr 2009

Letter to the Editor

"Just keep my name out of it!"



Current Magazine Article : Comments from FSPs on the FSB 'Penalty Letters'

Category: Views & Letters : Letters to the Editor
Author:Unedited by ITInews
Email:[email protected]
Posted:16 Mar 2009

Published verbatim - but anonymously because most Financial Service Providers fear retaliation

'not to worry, we are way behind, and have LOST a number of the returns'



Current Magazine Article : FSB Penalty Letters

Category: Views & Letters : Letters to the Editor
Author:Alan Holton
Email:[email protected]
Posted:15 Mar 2009

Providers have been bludgeoned by sweeping attempts at coercion

The FSB has, over the last few weeks, been sending penalty letters to financial services providers.



Current Magazine Article : Stop splitting hairs

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Mar 2009

Will South Africa go into a technical recession or not?

As far as I am concerned, the question misses the point and the debate on it is no more than hair-splitting.



Current Magazine Article : Should lawyers and accountants give investment advice?

Category: Views & Letters : Letters to the Editor
Author:Alan Holton
Email:[email protected]
Posted:03 Mar 2009

The anomaly of occasional advice

It is clear that a legal qualification on its own is not considered adequate for any financial product authorisation.



Current Magazine Article : Bitter pill for pharmacists as risk of liability rises

Category: Healthcare Insurance : Medicines
Author:Neil Kirby
Email:[email protected]
Posted:26 Feb 2009

South African pharmacists are caught between a rock and a hard place

On the one hand, they are forced by law to substitute branded prescribed medicines with cheaper generics. On the other hand, they receive little or no guidance on these dispensing decisions from the powers-that-be.



Current Magazine Article : Responsibility for reporting Niehaus forgery could extend beyond Mashatile

Category: Crime & Fraud : Fraud & Theft
Author:Mandy Smith
Email:[email protected]
Posted:25 Feb 2009

Criminal liability may attach to us personally should we not report economic crime

Jack Bloom, Democratic Alliance leader in the Gauteng Legislature, has suggested that those implicated for not reporting the Carl Niehaus forgery could extend beyond Gauteng Premier Paul Mashatile to include all executive members of the legislature who had any knowledge of wrongdoing and said nothing.



Current Magazine Article : ITInews and SEESA Commercial

Category: Views & Letters : Letters to the Editor
Author:Freddie Eilers
Email:[email protected]
Posted:13 Feb 2009

Letter to the Editor - RE: MJ Jansen van Rensburg complaint

I write in response to your Newsletter of Sunday 8th February 2009 headed "Only animals prey on the old and the weak" and trust that, in the interests of fairness, you will publish this response in full.



Current Magazine Article : Why telephony costs are a red herring for the contact centre industry

Category: Technology : Technology Reviews
Author:Cathy Hovers
Email:[email protected]
Posted:11 Feb 2009

In reality, 60-70% of the costs at most contact centres are staff-related

For years South Africa's contact centre industry, its promoters and its detractors have focussed on telephony as the single biggest cost facing operators.



Current Magazine Article : Joint Brokers Forum statement on CMS remuneration proposals for healthcare intermediaries

Category: Advisers & Brokers : Commission & Fees
Author:Lisa van Hoogstraten
Email:[email protected]
Posted:11 Feb 2009

JBF opposed to any proposals that would contravene fair competition

Comment on the discussion document published in September 2008 by the office of the Registrar of Medical Schemes relating to the remuneration of health brokers.



Current Magazine Article : SARB Governor apparently shifts goalposts

Category: Economy & Global : Local Economy
Author:Cees Bruggemans
Email:[email protected]
Posted:10 Feb 2009

Bad news is on its way, with exports, income and employment losses ahead

At first blush, last week's Monetary Policy Statement sounded again humdrum conventional, only offering a bland hue of policy conservatism.



Current Magazine Article : Ovation curator applies to court to shut down Ovation

Category: Consumer Affairs : Consumer Affairs
Author:Edited by ITInews
Email:[email protected]
Posted:06 Feb 2009

Seeking an order declaring that settlement agreements be made an order of Court

Statement by curators of Ovation Global Investment Services (Proprietary) Limited ("Ovation Services") and Ovation Global Investment Nominees (Pty) Limited ("Ovation Nominees")



Current Magazine Article : SARB accelerates policy easing, cuts 1%

Category: Economy & Global : Local Economy
Author:Cees Bruggemans
Email:[email protected]
Posted:05 Feb 2009

The SARB cut interest rates by 1% today, prime falling to 14%, with more easing clearly ahead

The SARB Governor indicated, possibly only half in jest that he had proposed a 2% rate cut today, but that the Monetary Policy Committee had restrained him, feeling 1% was enough.



Current Magazine Article : Policy Continuity. Part 3: Fiscal Policy - thank heavens for timely caution!

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:04 Feb 2009

If it ain't broken, don't fix it

Normally the national budget that is presented to Parliament by the Minister of Finance in February each year is an extended version of the Medium Term Budget Policy Statement (MTBPS) of the previous year, filling in the detail with regard to tax changes, increases in social grants, policy changes, etc.



Current Magazine Article : A single reform to the banking system would have made most injections of public funds unnecessary

Category: Banking & Bonds : Banking
Author:Edited by ITInews
Email:[email protected]
Posted:04 Feb 2009

Making this change today would give governments far more room to support the real economy

"The Basel II reform that would have made most injections of public funds unnecessary"



Current Magazine Article : Policy Continuity Part 2: Monetary Policy – everybody’s favourite straw man

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:03 Feb 2009

Nobody is immune to the gyrations of interest rates

Monetary policy is thus the constituent of economic policy that is the most under scrutiny in South Africa, and it has borne the brunt of criticism blaming macro-economic policy for insufficient progress in eradicating unemployment and poverty.



Current Magazine Article : Policy Continuity. Part 1: Change vs. Stagnation

Category: Economy & Global : Local Economy
Author:Jac Laubscher
Email:[email protected]
Posted:02 Feb 2009

"Government is not the proximate cause of growth"

Much has been written on the topic of continuity in economic policy in South Africa in the past year.



Current Magazine Article : Hazardous activities

Category: Insurance : Actuarial
Author:Nigel Benetton
Email:[email protected]
Posted:30 Sep 2007

Actuarial exercises - Part 1

A two-part discussion about the various insurance needs of those partaking in sport, recreational pursuits and hazardous activities



Current Magazine Article : Plastic plethora

Category: Industry & Legislation : NCA
Author:Nigel Benetton
Email:[email protected]
Posted:25 Sep 2007

Challenge to make National Credit Act work

Not a month goes by when I am not offered pre-approved credit. This month it was Direct Axis (again) and American Express. Neither know what the other is doing, yet both are offering a R50 000 loan.



Current Magazine Article : Conditional selling worries

Category: Life Insurance : Credit Life
Author:Nigel Benetton
Email:[email protected]
Posted:19 Sep 2007

Compulsory but free to choose

It is doubtful the provisions of the National Credit Act 2005 will curb the practice concerning compulsory insurance. Most lenders require some form of credit life to secure a loan in the event the borrower dies or, in some cases, becomes disabled and cannot earn a living.



Current Magazine Article : Insurance in all but name needs investigating

Category: Short-Term Insurance : Motor Vehicle
Author:Nigel Benetton
Email:[email protected]
Posted:11 Jul 2007

Waive good bye to your money ...

All car rental companies include in their daily rates a charge for insurance, referred to as ‘Collision Damage Waiver’ (CDW) and ‘Theft waiver’ (TW), intended to protect the client in the event he has an accident with the rental car, or it is stolen.



Current Magazine Article : It hurts with Hertz

Category: Consumer Affairs : Consumer Affairs
Author:Nigel Benetton
Email:[email protected]
Posted:11 Jul 2007

Car rental companies’ smoke and rear-view mirrors

A survey of car rental prices – we spoke to six firms – indicated a remarkable similarity in fees, suggesting that collusive and monopolistic practices are rife in the industry




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