Hazards of getting connected

Over the past two years, South African Internet users have seen reduced prices for bandwidth from Internet service providers (ISPs) across the board. This is largely thanks to the increased – and cheaper – bandwidth resulting from the landing of the Seacom cable, as well as infrastructural investments on the part of many of the […]

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The emperor has no clothes and other investment myths

Adrian Saville, CIO of Cannon Asset Managers, lifts the skirt on investment risks that abound and explores some of the opportunities that lie beneath the surface.     Since the onset of the global financial crisis, investors seem to have surged from risk loving to risk fearing and back to risk loving. Unlike the Emperor […]

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Old Mutual announces leadership team to tackle emerging markets opportunities

Underscoring its quest to strengthen its market facing businesses off a solid South African base and achieve synergies across its businesses in emerging markets, Old Mutual Emerging Markets (OMEM) today announced changes to its operating model and organization structure.       Commenting on the changes, OMEM CEO Kuseni Dlamini (pictured) said, ‘Increasingly our emerging […]

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Education key to good retirement fund governance

There is much evidence to show that most South Africans are making the wrong retirement decisions. Yet the approach adopted by local funds is to assume that members are financially literate and able to make the right choices in respect of their investments or retirement savings. Unfortunately the reality in South Africa is that retirement […]

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Business confidence increases sharply

The RMB/BER Business Confidence Index (BCI) jumped from 44 points in the fourth quarter of 2010 to 55 in the first quarter of 2011. An index number in net positive territory i.e. above the neutral level of 50 means there are now more companies that are optimistic than pessimistic about prevailing business conditions. The last […]

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Beware ‘funky financing’

‘Funky financing’ – the opaque financial packages that triggered a global crisis – are just as dangerous today, only this time around South African families rather than international banks could be at risk.       The alert comes from Imara Asset Management, South Africa, a company that specialises in easy-to-implement financial advice for a […]

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MUA honours Western Cape brokers

MUA Insurance Acceptances, the executive motor and household insurance underwriter, recently named its top Western Cape broker at a ceremony held at the One & Only hotel in Cape Town’s Waterfront.       The event, which was held on Friday 25 February 2011, entertained 60 of the top intermediaries in the Western Cape.   […]

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CIB unveils new technology to help brokers

To streamline the claims process for brokers and their clients, CIB Insurance Solutions (CIB) has launched an online claim form system. Locally developed, the new system will not only enable brokers to submit claims in real-time, but also minimises the company’s paper trail, effectively reducing its carbon footprint.       According to Jonjon Smit, […]

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Helping employees spot fraud

It is important for every employee in every organisation to learn the telltale signs of fraud.       “Getting unsuspecting employees to carry out illegal tasks as part of their daily routine is the aim and hallmark of truly successful fraud networks” says Gerhard Labuschagne, Forensic Auditor, Alexander Forbes Financial Services (Pty) Ltd.   […]

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Natural disasters show up flaws in corporate risk management

On 21 February 2011 an earthquake measuring 6.3 on the Richter scale tore through Christchurch, New Zealand. The second quake in six months claimed 148 lives and left the city with an estimated US$15 billion repair bill. Businesses have suffered too. The earthquake is the latest in a series of high-impact natural disasters playing out […]

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