SARS affords itself a 30-day advantage
“SARS has awarded itself a 30-day interest-free holiday on taxpayer money.” According to Moneyweb, the law now allows the revenue service to reduce the amount of interest it must pay a taxpayer in […]
Industry News
How you can benefit from the Skills Development Levy
Do you, as an employer, understand why you are paying a Skills Development Levy (SDL)? Do you know that this gives you access to funds for training? Many business owners just see it […]
Massive increase in unsecured debt as real income shrinks across all income bands
While payment holidays and lower interest rates provided South African consumers with significant short-term relief in 2020, DebtBusters’ latest debt index shows that real incomes have shrunk by up to 20% over the […]
FSCA Guidance to insurers on Contingent Business Interruption claims
A recent media release sets out the FSCA’s current position on certain aspects of Contingent Business Interruption Insurance (CBI) cover as well as its expectations of non-life insurers and policyholders in respect of CBI […]
Raging Bull Awards not only about annual performance
Every year the Raging Bull Awards, hosted by Personal Finance, honours the leaders of the collective South African investment schemes industry. Up for grabs this year were 30 certificates for the best funds […]
Big brother is watching you
A Deloitte survey last year determined that Internet-connected offerings, such as motor telematics and home insurance linked to home sensors, cause apprehension among many customers, as they do not feel comfortable sharing data […]
SA vaccine rollout – How will medical schemes be impacted?
As South Africa received the first batch of Covid-19 vaccines that are expected to help the country’s efforts to stem the Covid-19 virus, medical aid umbrella bodies assured members that their medical scheme […]
Life offices face several challenges in the wake of Covid
Although COVID-19 has created greater awareness of the need for life insurance, consumer spending power has reduced significantly. Add to this the increase in death and funeral claims as well as the impact […]
SARS closing loopholes for high-net-worth individuals
“The days of wealthy taxpayers’ tax compliance status not being fully tested by SARS are well and truly over,” Peter Dachs, head of ENSafrica’s tax department writes in Business Day. According to SARS […]
UK’s Business Insurance Ruling – FCA provides guidance for insurers
Following the legal certainty it sought on business interruption claims, it is to be hoped that the FSCA will follow the example of the UK regulator in quickly setting guidelines and principles for […]
Covid-related risks dominate Allianz Risk Barometer 2021
Given the unprecedented disruption caused by the coronavirus outbreak, it is no surprise that business interruption and the pandemic outbreak top the 2021 Allianz Risk Barometer, an annual survey on global business risks […]
Covid-19 – Changing claims trends and risk exposure for companies and insurers
The global pandemic has caused disruptions to economies around the world. While the most devastating effects of the disease have been the number of infections and deaths, its economic consequences cannot be understated. […]
Section 59 interim investigation report on racism – Constitutional expert weighs in on validity
“Critics of the report fail to understand the findings. The report DOES NOT say legitimate investigations of wrongdoing is racist because it identified more black wrongdoers, it says, the med schemes have not […]
Education cost amid Covid – Breaking down the elephant with your client
A Sanlam independently commissioned survey on educational savings in South Africa showed that most participants save under R20 000 for education a year. Once school fees are deducted, that leaves little wiggle room […]
CMS Quarterly report shows interesting trends during peak of pandemic
The Council for Medical Schemes (CMS) has just published its quarterly report for the period ended 30 September 2020. Tasked with monitoring the financial performance and soundness of medical schemes, the CMS publishes […]
Interim report alleges possible discrimination against black practitioners
After various delays, including an urgent application to interdict the release, the Section 59 Interim Investigation Report into allegations of unfair racial discrimination and procedural unfairness, intended for release in December 2020, was […]
How can I get funding for my studies?
Towards the end of 2020, we announced that Moonstone’s Business School of Excellence (MBSE) has partnered with FUNDI and STUDENT HERO – two leading education funding providers, to help you apply or pre-qualify […]
