Concern over sustainability of short-term insurance industry misguided

The sustainability of the short term insurance industry in South Africa has received much attention in recent months, as stakeholders debate exactly how long companies operating in the industry can continue with falling profits and rising costs. However, while current market conditions are tough, this is actually part of an existing insurance cycle, not just […]

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Wealthy families move their focus to governance and protection

A focus on capital growth at the expense of protection has been exposed by the global economic crisis as a significant fault in the investment strategies used by many wealthy individuals. That’s according to Johan van Wyk, (pictured) Chief Operating Officer at Stonehage Financial Services, a leading multi-family office advising high net worth individuals and […]

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It’s now or never

By Jeremy Gardiner, director, Investec Asset Management   There is an age-old adage that says one shouldn’t throw good money after bad. This phrase has become painfully accurate when referring to the numerous bailouts taking place across Europe. The problem with Europe is that while they share a currency, they are – unlike the US […]

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Momentum Big Heart run hands over R500 000

  The Momentum Big Heart 750 run for a purpose, an epic 750km journey, in the middle of winter, in six days by eight ordinary, relatively unfit Momentum employees, has raised R500 000 for the Heart and Stroke Foundation SA (HSFSA).   The gruelling run, from Centurion to Durban, helped to raise awareness of the […]

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The European Financial Crisis – round two, 13 more to go

By Adrian Clayton, PSG Asset Management   I’m quite sure most people reading this article today will be well aware that in the last month, commodity, bond, equity and currency markets have been in a tailspin, with sizeable gyrations, conditions which feel unnervingly similar to 2008!   The magnitude of the problem demands that it […]

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The yin and yang of the Tax Administration Bill

The Tax Administration Bill is currently before Parliament. This Bill will introduce significant changes to our tax system. The Bill has been a work-in-progress for a few years now, with SARS engaging public comment and stakeholder discussions throughout its development. The Bill has had its share of criticism with regards to the extension of powers […]

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New Companies Act eases audit burden for SMMEs

Private companies that are owner-managed no longer need to be audited, says the co-author of a book on the new Companies Act.   “The purpose of an audit is to protect the interests of shareholders,” says Professor Geoff Everingham of UCT, co-author with Bowman Gilfillan corporate lawyer Carl Stein of The New Companies Act Unlocked. […]

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Dispelling common myths associated with a career in financial advice

Gone are the days when becoming a financial advisor was something to do in your gap year to earn a few quick commission bucks while figuring out what you want to do with the rest of your life. Today the financial advisory profession is a fully regulated one that, in an increasingly unstable economy with […]

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Uncertainty in markets is nothing new

By David Green, Chief Investment Officer at PPS Investments   A rising concern among South African investors is the growing tension between the members of the Eurozone, many of whom are major trading partners. The indebtedness of Greece, Ireland, Spain, Portugal and Italy – and their attendant solvency and liquidity problems – have highlighted the […]

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Review of South Africa’s medical schemes’ performance in 2010

Initial analysis of how well South Africa’s medical schemes are performing in the restricted and open medical scheme environment indicates that the industry has made some recovery compared to the previous year despite ongoing pressure to improve financial performance.   This is “likely to see continued consolidation of medical schemes with a further reduction in […]

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