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Category: Industry news

Household and car insurance – essential cover you can’t ignore ?>

Household and car insurance – essential cover you can’t ignore

Full audio available on Radio 702 website When it comes to buying a home or car you most likely would need financing. Since these two assets are probably the most expensive assets you own, so it’s vitally important to make sure that you protect these assets from any risks. Hence the importance of having the right insurance cover in place says FNB expert Eunice Sibiya. These are the three most important types of insurance you need when you are buying…

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Start your investment journey with a debit order ?>

Start your investment journey with a debit order

Many would-be investors fall at the first hurdle – getting started with a lump-sum investment amount – so using a debit order can be incredibly useful on your investment journey Bekithemba Mafulela, a strategic markets specialist at Allan Gray, explains how a debit order can get you started on your investment journey. You could earn better returns with a debit order Many investors fall into the trap of thinking that they need to first save in order to invest. But…

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FNB enters the short-term insurance space ?>

FNB enters the short-term insurance space

FirstRand, the parent company of First National Bank (FNB), has been awarded a short-term insurance license. This comes during a time where the South African banking sector and insurance sectors have experienced cross-pollination, such as when Discovery entered the banking space. This licencing by the Financial Services Board (FSB) comes three years after FNB acquired its long-term insurance licence. What does this mean for FNB? This enables FNB to be a complete insurer, with the ability to underwrite short and…

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New taxes could help reverse dip in vehicle sales ?>

New taxes could help reverse dip in vehicle sales

Picture: Daily dispatch Pre-emptive buying ahead of tax and fuel levy increases in April could provide new-vehicle sales with a shot in the arm, say motor industry analysts. Figures released on Thursday by the Department of Trade and Industry showed that sales in February fell 3.8% from the corresponding month in 2017, from 48,201 to 46,347. Coming on the tail of January’s dip, it meant the market for the first two months combined was down 6.6%, from 98,587 to 92,124….

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Fine-tune your business continuity management plan for 2018 ?>

Fine-tune your business continuity management plan for 2018

Heading into 2018, ContinuitySA is advising organisations to take the opportunity to recalibrate their business continuity management and resilience plans in line with the causes of actual disasters in 2017. “A new year is traditionally seen as a good time to take stock and set goals. This one began with the reporting of two serious new computer vulnerabilities, Spectre and Meltdown, a timely reminder to ensure we understand our risks, and that plans are in place to recover from any…

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How the New Data Protection Laws Will Keep Your Data Safe ?>

How the New Data Protection Laws Will Keep Your Data Safe

How safe is your data? South Africa recently experienced the largest data breach in its history, where over 30 million records of personal information – including names, addresses, ID numbers, genders, ethnicities and email addresses of people both living and deceased – were extracted from a company’s database. This catastrophic breach means that millions of people’s sensitive data is now insecure. But according to Ross Saunders, the Director of Global Technology Services at Cura Software Solutions, the solution is on…

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19 Wenke om jou eiendom en geliefdes te beskerm ?>

19 Wenke om jou eiendom en geliefdes te beskerm

61 Huis rowe en 676 huisbrake per dag in Suid-Afrika – hoe boewe werk en hoe om jou eiendom en geliefdes te beskerm. Volgens die mees onlangse misdaadsyfers wat hierdie week deur die SAPD bekendgemaak his, is die hoeveelheid huis rowe en huisbrake in Suid-Afrika steeds kommerwekkend hoog, met 22 343 rowe en 246 654 inbrake wat in 2016/17 aangeteken is. “Hierdie statistieke is skokkend – op ‘n daaglikse basis word ‘n gemiddeld van 61 wonings beroof en 676 loop onder inbrake…

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PSG Konsult acquires portion of Absa brokerage business ?>

PSG Konsult acquires portion of Absa brokerage business

PSG Konsult (KST), a listed and independent financial services provider, has concluded an agreement to acquire Absa Insurance and Financial Advisers Proprietary Limited’s (AIFA) commercial and industrial insurance brokerage business. This business is made up of 102 advisers and in excess of 32,000 clients across the country. The acquisition is subject to conditions typical for a transaction of this nature including regulatory approvals. “This acquisition, which will be funded from existing cash resources will substantially enhance PSG Insure’s footprint across…

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Short-Term Insurance:
Driving Innovation ?>

Short-Term Insurance:
Driving Innovation

Client expectations are changing rapidly and technology is playing a leading role in this regard. This is why companies, including the insurance industry, have to constantly reshape the manner in which they interact with their clients. According to a recent PricewaterhouseCoopers (PWC) strategy and analysis document, during the next 10 years, the insurance industry can expect a radical change in client composition where so called “traditional” clients will reduce drastically to make way for the so called “digital native” clients….

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Shifting gear: 3 major ‘digital disruptors’ affecting the SA auto industry ?>

Shifting gear: 3 major ‘digital disruptors’ affecting the SA auto industry

Johannesburg – Technological advances abound and are disrupting industries across the globe. The rise of the connected customer is transforming the traditional automotive landscape and creating an increased demand for connected vehicles that conform to cost and lifestyle demands. Balancing the demands of a digitally advanced consumer base, a waning economy and shrinking budgets, the local automotive industry is on the precipice of big change. Future thinking and strategies will have to include ways to balance the adoption of new…

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