Covid-19 magnifies retirement savings crisis

Georgina Crouth|Published

A recent report shows that three quarters of South Africans worry that they won’t have enough saved to retire on, but 70% expect to maintain their same standard ...

This is why it is so important to speak about money in your relationship

Georgina Crouth|Published

Love and marriage might go together like a “horse and carriage”, but if your finances are not aligned, disappointment on Valentine’s Day is the least of your concerns. ...

Covid-19 second wave hampers efforts to reduce debt

Georgina Crouth|Published

The second wave of Covid-19 is likely to undermine inroads South African consumers have made into reducing their debt.

Medical schemes face ‘sustainability challenges’

Georgina Crouth|Published

Medical schemes face “serious sustainability challenges” owing to stagnant membership growth, among other things.

Payment alternatives to buying on credit

Georgina Crouth|Published

In a consumerist society, which is driven by instant gratification and consumption, credit is king and debtors rue their repayments.

Communication is key to reducing tax disputes

Georgina Crouth|Published

With a shrinking tax base, weak economic activity and a revenue shortfall, Sars was already under pressure last year to collect revenue, which is why collection ...

Covid-19 gives medical scheme members a fees reprieve

Georgina Crouth|Published

Medical scheme increases for 2021 have generally been between 4% and 6% - lower than previous years.

Covid-19 magnifies retirement savings crisis

Georgina Crouth|Published

This is a reality check for South Africans: only 6% will retire comfortably. The rest will either have to continue working – if they’re able – or rely on family ...

Prescribed assets: How afraid should you be?

Georgina Crouth|Published

Will prescribed assets open a way for the government to dip into our hard-earned financial futures or are they an overstated threat?

Women under financial, emotional pressure

Georgina Crouth|Published

Are you thriving, or just surviving? Chances are, if you’re a woman in South Africa, you’re highly stressed about life and finances – and fighting to keep your head ...

Consumer confidence up off a record low

Georgina Crouth|Published

Consumers have few reasons to be confident about the economy, but they’re more optimistic in the third quarter of this year than in the previous quarter.

Consumer Watch: Income protection for freelance workers

Georgina Crouth|Published

FMI has launched an income protection product for reelancers, gig workers, independent contractors, and those in “unorthodox” occupations who otherwise would not ...

Wheels turn for RAF as it focuses on paying victims

Georgina Crouth|Published

The efforts of the Road Accident Fund (RAF) to focus on paying accident victims are proving fruitful, despite failure to have it declared an essential service during ...

Covid-19 exposes where we are underinsured

Georgina Crouth|Published

Underinsurance was one of the primary causes of claim-settlement disputes, according to the latest annual report of the Ombudsman for Short-term Insurance.

Santam sets aside R1bn relief fund

Georgina Crouth|Published

Santam has set aside a R1bn relief fund for potential business interruption claims from its policy holders.

Santam adamant lockdown root of losses

Georgina Crouth|Published

Santam, has stuck to its guns and insisted that the Covid-19 lockdown and not the pandemic itself had caused businesses to suffer losses.

Savings Month: You need to save for other rainy days

Georgina Crouth|Published

It's Savings Month, but if you can still afford to save in the current circumstances, you?re probably in a small minority.

Tourism body slams insurers for non-cover

Georgina Crouth|Published

The Tourism Business Council of SA has launched a blistering attack on the insurance sector, saying the hospitality and tourism sectors were facing collapse because ...

Leisure industry opens under strict rules

Georgina Crouth|Published

Leisure travel is not yet allowed so you can’t book accommodation in a hotel for leisure purposes.

Clients ready to take on Santam over Covid-19 interruptions

Georgina Crouth|Published

Two clients will be taking on their insurer in the Western Cape High Court to challenge Santam’s refusal to pay their business interruption claims.

Santam rejects settlement proposal from hospitality operators

Georgina Crouth|Published

A court process will benefit only the insurance industry, causing the mass closure of tourism businesses and lead to widespread job losses.

Firms prepare for action against insurers

Georgina Crouth|Published

Public loss adjuster to go to court on behalf of hundreds of hospitality and travel sector clients.

Insurers urged to share policy wording

Georgina Crouth|Published

The Financial Sector Conduct Authority (FSCA) has summoned short-term insurers to share their policy wording relating to business interruption cover.

Covid-19 decimates household income, especially among millennials

Georgina Crouth|Published

The pandemic has hit millennials during their peak-earning years, when they were already on track to be the first generation in history to earn less than their parents, ...

If you can't pay school fees during lockdown, you need to say so

Georgina Crouth|Published

The Department of Basic Education, legal experts and Isasa say parents must continue paying school fees - or make arrangements with schools.