Can you afford not to have short-term insurance?

Life is full of uncertainties, for which we attempt to prepare. One often hears of cars getting stolen, hijacked, damaged or homes being burgled, flooded, or even burnt down. While you hope it never happens to you, there is always the nagging feeling that something may go wrong. “A short-term insurance policy allows you to […]

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A flagging economy

By Tendani Mantshimuli, consumer economist, Liberty Life  Our economy is far weaker than expected as we are dragged down by global economic turmoil. Exports are limited and consumer spending remains subdued. Interest rates will remain on hold for longer.   The upheaval in the global markets has revived talk of a double-dip recession as the […]

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Judgement in favour of taxpayer

  By Tim Desmond, Garlicke & Bousfield Inc.   The South Gauteng High Court recently gave judgement in an appeal from the Tax Court. The matter related to the deductibility of audit fees incurred by an intermediary holding company in the MTN group. The case related to the taxpayer’s 2001 to 2004 years of assessment. […]

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SA’s largest multi-manager goes retail

Investment Solutions, SA’s largest multi-manager with over R175 billion in assets under management, recently launched a broad range of unit trusts to the retail market. The products range from the conservative Investment Solutions Superior Cash fund to the balanced Investment Solutions Multi-Managed Balanced Fund of Funds and the aggressive, Investment Solutions Multi-Managed Equity Fund of […]

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Future is positive for IFAs

Independent financial advisors have a positive future and, together with Masthead, can deal with the challenges facing our industry and the IFA, said Ian Middleton, managing director of Masthead.   Addressing IFAs and their support staff at the organisation’s popular annual event for members, the Professional Development Days, Middleton sought to extinguish IFA doubt about […]

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Review of Discovery’s 2012 health product changes

Discovery Health recently announced a headline increase of 8,9% across the board with minimal changes to their product offering, although a small proportion of members with special adult dependants will experience increases that are significantly higher than the average. Overall there have been minimal changes to Discovery’s product for 2012 except that “members with special […]

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Shortening time horizons helps South Africans save for retirement

Planning and saving for retirement is a long way down most South African’s priority list. As such linking retirement saving to shorter term goals is proving effective in helping South Africans save.     In short, “developing a retirement savings roadmap that takes multiple life choices and opportunities into account by allowing varied contributions over […]

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Caution – volatility index starting to rise

Global stock markets experienced a precipitous, nerve-racking fall during the first few days of August. “This decline was fuelled by a number of poor economic reports, especially the non-farm payrolls data out of the US and global GDP data that are starting to soften,” says Paul Stewart, managing director of Plexus Asset Management.   “Added […]

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The value of choosing a reputable broker

One of the biggest considerations for consumers when choosing an insurance provider is first the matter of cost and second whether they should contact a broker or go direct.     However, according to the results of a recent study conducted by Discovery Life, going direct is actually 9% more expensive than engaging the services […]

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Charting your own course to financial security

By Nick Battersby: CEO of PPS Investments     The past decade or so has seen significant change sweep through South Africa’s financial services industry. The accessibility of progressively clearer and more comprehensive investment detail have afforded investors more information both at the time of commitment and throughout the invested period. And the client-focused investment […]

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