Make sure your all risk cover covers all your risks

South Africans who are planning to take portable devices such as iPads and smart phones with them as they go on holiday over the Easter weekend are unlikely to be covered in the event of theft or loss, even if they have an All Risk section on their householder’s insurance policy. This is according to […]

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Market enquiry into healthcare pricing crucial

News that the Competition Commission may soon launch an inquiry into South Africa’s healthcare sector should be broadly welcomed by all stakeholders as a means of finally controlling escalating costs in the industry. This is according to Graham Anderson, Principal Officer at Profmed, the medical scheme that caters exclusively for graduate professionals, who says such […]

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Financial Planner of the Year second round shortlist announced

With the first round of the Financial Planning Institute’s (FPI) competition underway, entrants are now awaiting results from the independent panel of judges on whether they will be progressing to the second round. During the second round of the competition, the panel will complete a site visit that will involve an assessment of each of […]

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SA employees set to benefit from higher wage increases than the rest of the world over the next 12 months

Employees in SA can expect higher pay rises than workers worldwide over the next 12 months, according to a recent global survey. Although this is good news for workers, it’s questionable whether this situation is sustainable given current global economic conditions.   That’s according to Grant Thornton’s recent International Business Report, which assesses business owner […]

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Lessons from the Budget on how to manage our finances

By Nico-Louis Minnie, Head: Wealth Management Platforms, Liberty We can draw lessons from the national budget to apply to our own household budgets, not least of all because every year the Finance Minister walks a tightrope between income and expenditure. Meeting the needs of all South Africans from a very limited tax base is not […]

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Surge in demand for transactional risk insurance among global M&A community

Demand for transactional risk insurance grew by 41% globally in 2012 as firms increasingly turned to the insurance market to protect large deals and cross-border acquisitions or sales. According to a report issued today by Marsh’s Private Equity and Mergers & Acquisitions Services (PEMA) practice, M&A Transactional Risk Solutions: 2012 Global Review, the limits of […]

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Asset and investment management industry to begin implementing IFRS

With the recent proclamation of the 2013 budget by the Minister of finance, Mr Pravin Gordhan, and the new tax season just about to commence, it might be prudent to revisit one’s investment portfolio because legislative changes that were introduced with the budget are likely to have a significant impact on them. Conventional wisdom states […]

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GEPF commits to improving SA property sector sustainability practices

The Government Employees Pension Fund (GEPF) has signed on as a member of the Global Real Estate Sustainability Benchmark (GRESB), an “industry-driven organization committed to assessing the sustainability performance of real estate portfolios around the globe”. GEPF, Africa’s largest pension fund with more than R1-trillion (US$107-billion) worth of assets under management serves more than 1.2 […]

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Prudential stands up for minority rights

Prudential Portfolio Managers has expressed concerns about global pharmaceutical giant GSK Plc’s intention to drastically increase its shareholding in Glaxo Nigeria by offering to buy shares from minority shareholders. While some traders are buoyed by the promise of the quick profits to be made from the offer, Prudential are concerned about the price of the […]

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Fuel hikes are a cost warning bell for small businesses

Effective as of midnight 05 March, the fuel price increased to a new record high. This price hike will not just leave major holes in the pockets of motorists but will also impact on business operations. Leading South African short-term insurer, Santam, warns business owners to tighten guidelines for company vehicle and monitor usage. “Companies […]

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