Managing flood damage

Insurers and homeowners equally responsible for managing flood damage Recent heavy rains have put insurers under enormous pressure to respond to flood damage claims from thousands of clients. Beyond the distress caused to policy holders, recent flood damage is also driving up insurers loss ratios. Since insurance is there to protect against unforeseen losses “a […]

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Bank confidence remains erratic

A survey released by Ernst & Young today (18 January 2011) indicates that banking profits remain erratic, with no clear recovery trend emerging, since the onset of the global liquidity crisis in the 3rd quarter of 2008. Although banking confidence has recovered since reaching an all-time low in the 2nd quarter of 2010, the survey […]

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Debt relief concessions in 2011

Highly indebted South Africans with a debt to income ratio of as much as 250 percent (total debt as a percentage of total annual income) require 70 percent of monthly income to repay debt. Dramatic action has been needed to assist such consumers and during 2010 debt counsellors, credit providers and the National Credit Regulator […]

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China Study author for SA International Health Conference

Respected nutritionist, health researcher and author of the critically acclaimed book The China Study, Dr Colin Campbell, will be one of the key note speakers at the first Fedhealth International Natural Health Conference ever to be held in South Africa in January 2011. Campbell is a Professor Emeritus at Cornell University and one of the […]

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Kagiso PMI remains in positive territory

Theo Vorster, specialist consultant from Kagiso Group noted that “The seasonally adjusted Kagiso PMI remained in positive territory during December 2010, although the index declined marginally to 51.7 index points from the 52.9 recorded in November” Vorster continued that “The seasonally adjusted business activity index, which posted a robust gain of 6.1 index points during […]

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New year’s resolution for investors – stay calm

Stay calm in 2011. Over the next 12 months that’s got the makings of a value-enhancing New Year’s resolution for investors, according to Absa Investments, the Absa banking group’s asset management and investment arm. A panic-free year will probably save investors money as well as their nerves, says Craig Pheiffer, General Manager (Investments) at Absa […]

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2011 Outlook – any surprises?

By Paul Stewart, managing director of Plexus Asset Management The famous US baseball player “Yogi” Berra once said, “It’s tough making predictions, especially about the future.” Hopefully we can all identify with Yogi’s somewhat contorted logic. Forecasts on very short-term outcomes such as, ‘I will be alive to see this article’s completion in an hour’s […]

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PWC launches Financial Services Journal

At the start of 2011, the dynamics and competiveness of the South African financial services sector are set to increase in complexity with concerns about European debt, uncertainty about the future of the value of the Rand and with new developments in regulation and International Financial Reporting Standards (IFRS). In response to these and other […]

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Where have people been investing?

While the global financial crisis that reared its ugly head in mid-2007 is by no means dead and forgotten, we have fortunately seen a very strong recovery in equity prices since the March 2009 lows. “Although the MSCI World Index and the MSCI Emerging Markets Index need to gain 31,2% and 17,1% respectively before they […]

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Sovereign debt: a tragedy in five acts

By John Stopford, co-head of fixed income, Investec Asset Management The European debt crisis lurched back onto the markets’ radar screen in November, after a few months of relative calm. The primary drivers were German insistence on haircuts for insolvent sovereigns and the realisation that Ireland’s decision to guarantee its banks had put the government’s […]

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