Law Society welcomes legal practice billPublished: Tue, 22 May 12 The Law Society of South Africa (LSSA) welcomes the publication of the long-awaited Legal Practice Bill. ‘This Bill has been in the making for more than a decade, and throughout that process, the LSSA has been cooperating with the Department of Justice and Constitutional Development and other stakeholders as ...
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Reasons to set up a trust (even if we had no estate duty)Published: Tue, 22 May 12 By Clive Hill, Estate Planning Specialist, Glacier by Sanlam
Trusts are commonly used to ‘freeze’ the value of assets, so that when the person who transferred them to the trust dies, they won’t form part of his/her deceased estate.
Usually, an owner will sell his/her assets to a ...
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Taking back control: Are we working ourselves to death?Published: Sun, 20 May 12 By Phillip Kassel, Financial Adviser, Liberty Life
Former engineer and American academic Sing Lin argues that working past the age of 55 will kill you more quickly. His conclusion is that for every year one works beyond age 55, one loses 2 years of life span on average.
In his paper Optimum Strategies ...
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Vodacom granted short and long term insurance licencesPublished: Wed, 16 May 12 JOHANNESBURG - Vodacom has received the go-ahead to enter the South African insurance market having been recently awarded a long term insurance licence by the Financial Services Board (FSB). This licence, along with the short term licence granted earlier this year, allows Vodacom to underwrite and sell insurance ...
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More SA professionals considering emigrating - surveyPublished: Tue, 15 May 12 Rising concern over issues such as crime, healthcare and education are leading more graduate professionals in South Africa to consider emigrating, according to the latest results from the PPS Graduate Professionals Confidence Index.
The quarterly survey, which tracks the confidence levels of nearly 6 000 of ...
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Defining different types of riskPublished: Fri, 11 May 12
Dr David Hillson FIRM, HonFAPM, PMI Fellow
People sometimes ask how we should define "strategic risk". First let's consider "strategic risk":
One basic definition of risk is "uncertainty ...
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Economy growing, but challenges remainPublished: Fri, 11 May 12 By Tendani Mantshimuli, consumer economist, Liberty Life
Economic data for the first two months of the year indicate that the South African economy continues to grow, although not as robustly as we would wish it to be.
Manufacturing: stronger but not necessarily sustainable
Manufacturing output, ...
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Project management is no popularity contestPublished: Wed, 09 May 12 Observing the decision-makers who select an enterprise resource planning (ERP) solution is something of a study of the human condition. From the highs of imagined benefits and anticipated advantages, to the lows of failed expectations and ballooning costs, all the emotions of life can play out. That’s because ...
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SAIA comments on the impact of health insurance proposals on consumersPublished: Wed, 09 May 12 The South African Insurance Association (SAIA) has announced that it has made its submission to the National Treasury with regards to the proposed Demarcation Regulations demarcating between Health Insurance Policies and Medical Schemes.
The SAIA, an industry body representing 59 member companies in the short-term ...
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From the dark ages to enlightened reportingPublished: Tue, 08 May 12 By Terry Booysen
CEO: CGF Research Institute (Pty) Ltd
Modern day company reporting finds its roots as far back as 7500 BC, which is when we believe the first rudimentary form of accounting records and tokens may have been used to track certain business activities. Of course, there are more accurate ...
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Hannover Re reports sharply higher premium income and profitabilityPublished: Thu, 03 May 12 Hannover: Hannover Re expressed considerable satisfaction with its results for the first quarter of 2012. 'We generated exceptionally good Group net income of EUR 261 million in the first three months of the year and have thus put in place a solid platform for a successful 2012 financial year', Chief Executive ...
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FIA expresses dismay at draft Health Insurance demarcation regulationsPublished: Wed, 02 May 12 The Financial Intermediaries Association of Southern Africa (FIA) has expressed dismay over the draft Demarcation regulations proposed by the Treasury highlighting the fact that by putting an end to various types of health insurance plans (both short-term and long-term) many consumers are likely to end up being out ...
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Outlawing gap cover won’t aid medical schemes or members, says Old MutualPublished: Thu, 26 Apr 12 Draft legislation released recently by National Treasury will, if implemented, outlaw gap cover and mostly likely lead to a simple loss of benefits for members, without helping medical schemes.
This is according to Ken Schumann, Consulting Actuary at Old Mutual Corporate. Schumann explains that the legislation ...
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