Charl du Plessis

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Unless your child manages to receive a comprehensive bursary to study internationally, funding their education without the necessary savings could potentially put you out of pocket.

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Want to send your child abroad to study? Start saving now As Africans become increasingly global, many families are considering opportunities for their children to study abroad.

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Make the most of offshore allowances South Africans can take up to R11 million offshore annually.

The Financial Intelligence Centre has issued three reports aimed at equipping Krugerrand dealers, estate agents and lawyers to understand and identify the potential money laundering and terrorism-financing risks they face.

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FIC releases risk reports for Krugerrand dealers, estate agents and lawyers - Moonstone The Financial Intelligence Centre (FIC) has issued three reports aimed at equipping Krugerrand dealers, estate agents and lawyers to understand and identify the potential money laundering and terrorism-financing risks they face. The FIC said the reports provide indicators of some of the methods crim...

The World Bank said it has priced the world’s first wildlife bond, raising $150 million (R2.2 billion) that will be partly used for the conservation of black rhinos in South Africa.

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World Bank launches bonds to save black rhinos in South Africa | Fin24 The World Bank said it has priced the world’s first wildlife bond, raising $150 million (R2.2 billion) that will be partly used for the conservation of black rhinos in South Africa.

South African Finance Minister Enoch Godongwana ruled out the creation of a new state bank, saying the country lacked the money needed to back it.

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SA’s Godongwana rules out creation of a new state bank Saying the country lacked the money needed to back it.

Tencent downtick weigh on local markets.

Rebuilding your financial life after divorce.

https://www.moneyweb.co.za/financial-advisor-views/rebuilding-your-financial-life-after-divorce/

Rebuilding your financial life after divorce If you’re feeling overwhelmed by the state of your post-divorce finances, here are some points to consider.

Sarcasm, eye-rolling and other things that can now land you in serious trouble at work in South Africa

https://businesstech.co.za/news/business/569426/sarcasm-eye-rolling-and-other-things-that-can-now-land-you-in-serious-trouble-at-work-in-south-africa/?fbclid=IwAR3zJL0r6JsSEm3t9ju0q3IJcbMckEqP4BQ6YuCNNeoo-6Jkf9fODGVIhqM

Sarcasm, eye-rolling and other things that can now land you in serious trouble at work in South Africa The Department of Employment and Labour has gazetted its code of good practice aimed at eliminating harassment at South African workplaces.

The Department of Employment and Labour has gazetted its code of good practice aimed at eliminating harassment at South African workplaces.

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Sarcasm, eye-rolling and other things that can now land you in serious trouble at work in South Africa The Department of Employment and Labour has gazetted its code of good practice aimed at eliminating harassment at South African workplaces.

Policyholders and beneficiaries received claims and benefit payments worth R608 billion from South African life insurers in 2021, the highest paid in a single year, according to statistics released by the Association for Savings and Investment South Africa.

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Life insurers ‘well capitalised’ despite paying out R608 billion in 2021 - Moonstone Policyholders and beneficiaries received claims and benefit payments worth R608 billion from South African life insurers in 2021, the highest paid in a single year, according to statistics released by the Association for Savings and Investment South Africa (Asisa). Asisa said that despite these hist...

South African life insurers reported a 53% surge in death claims between 1 April and 30 September 2021 compared to the same period in pre-Covid 2019, according to statistics released by the Association for Savings and Investment South Africa.

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Death claims surge 53% during Covid-19 third wave - Moonstone South African life insurers reported a 53% surge in death claims between 1 April and 30 September 2021 compared to the same period in pre-Covid 2019, according to statistics released by the Association for Savings and Investment South Africa (Asisa). The rand value of these claims increased by 127%....

South Africans with backup power systems at home must ensure that their insurance is aware of their installation and that it has been safely and correctly set up and configured.

How your home’s load-shedding backup can impact your insurance Installing a backup power system could impact your home insurance cover, King Price has warned.

It depends on your overall current financial position.

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Should I pay my R10k available monthly into my bond or use it elsewhere? It depends on your overall current financial position.

MARKET REPORT | 14 March 2022

Two new players, with broad distribution and affordable propositions, are looking to disrupt the traditional health insurance market in South Africa. This will have traditional medical aids looking over their shoulders, particularly the six largest – Discovery, Bonitas, Momentum, Medihelp, Bestmed and Fedhealth – which together hold 89% of the open medical scheme market.

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TymeBank and Dis-Chem both enter health insurance market Stripped-down insurance offerings target those who cannot afford private healthcare …

STANLIB MARKET REPORT - 11 March 2022

Women at work are still at a disadvantage in terms of promotions and earnings, creating a long-term negative impact on their retirement. One reason for this is that women, statistically, simply live longer and must save more during their working lives. Added to this, women often do not contribute enough money to their retirement funds owing to less pay or being denied promotion, having to take a break in their career to raise a family or simply being a single parent with limited financial support.

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Retirement: Women still at a disadvantage Here's how women can improve their financial position in retirement.

South African life insurers are shoring up their capital reserves as they brace for a fifth wave of coronavirus infections.

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Insurers build war chest to manage fifth SA virus wave Covid-19 deaths contributed to excess claims of R4.2 billion for Sanlam in 2021.

I have reached retirement age (60 years) but intend to work until 65. I have two retirement annuities (RAs) which I will use to supplement my retirement income after 65. Could I invest in another RA at 60?

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Can I invest in another RA at 60? You can, but there are also other alternatives for you.

The NPA has yet to take action against those responsible for the losses incurred by investors in Corporate Money Managers, although the matter was brought to its attention in 2017.

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CMM curators still waiting for prosecutions - Moonstone The National Prosecuting Authority (NPA) has yet to take action against those responsible for the losses incurred by investors in Corporate Money Managers (CMM), although the matter was brought its attention in 2017. This is according to the curators’ 13th status report, for the period to 30 June ...

In for another volatile stretch, with Russia’s war in Ukraine upending financial markets.

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Markets volatility is only certainty for traders as war rages on In for another volatile stretch, with Russia’s war in Ukraine upending financial markets.

The PSG Group plans to unbundle its investments and delist from the JSE in an attempt to reduce the 30% discount at which its shares trade to the value of the group’s underlying investments, thereby unlocking value for its shareholders.

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PSG Group to unbundle, delist in bid to reduce share discount - Moonstone The PSG Group plans to unbundle its investments and delist from the JSE in an attempt to reduce the 30% discount at which its shares trade to the value of the group’s underlying investments, thereby unlocking value for its shareholders. PSG’s shares shot up from R81.83 on 28 February to close at...

Using scenario planning techniques as a way of visualising potential eventualities that may arise can help you put mechanisms in place to mitigate against them.

https://www.moneyweb.co.za/financial-advisor-views/the-power-of-asking-what-if/

The power of asking ‘what if’? Using scenario planning techniques as a way of visualising potential eventualities that may arise can help you put mechanisms in place to mitigate against them.

Gold prices on Monday scaled the $2,000 level for the first time in a year-and-a-half, as investors rushed to the safety of the metal in the wake of an escalating Russia-Ukraine crisis, while supply disruption fears sent palladium to an all-time high.

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Gold bursts through $2,000 mark as palladium hits record high Investors rush to the safety of the bullion in the wake of an escalating Russia-Ukraine crisis

If you start saving only a small amount, early in life, it can lead to a larger savings pot than if you were to save a large amount much later in life…

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Compound interest and the rule of 72 If you start saving only a small amount, early in life, it can lead to a larger savings pot than if you were to save a large amount much later in life...

The fundamental purpose of risk management is not to help a governing body avoid all risks that the organisation faces (Organisation for Economic Co-operation and Development Risk Management and Corporate Governance (OECD Publishing 2014) (www.oecd.org, accessed 31-8-2021)).

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Risky business: Managing risk to innovate, change and develop - De Rebus x Bookmark The fundamental purpose of risk management is not to help a governing body avoid all risks that the organisation faces (Organisation for Economic Co-operation and Development Risk Management […]

In Legal Practitioners Indemnity Insurance Fund NPC v The Minister of Transport and The Road Accident Fund (GP) (unreported case no 26286/2020, 21-6-2021) (Janse van Nieuwenhuizen J) the Gauteng Division of the High Court, declared the provisions of regs 2(1)(b) and 2(2) of the Road Accident Fund Regulations, 2008, promulgated under the Road Accident Fund Act 56 of 1996 (the Act) to be inconsistent with the Constitution and invalid, as well as, to the extent that the regulations relate to minors and persons under curatorship, be set aside. The court also declared that s 23(2) of the Act is to be read as ‘including minors and persons under curatorship who claim in terms of s 17(1)(b) of the Act’.

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When is the obvious not so obvious? A discussion on regs 2(1)(b) and 2(2) of the Road Accident Fund Regulations - De Rebus x Bookmark In Legal Practitioners Indemnity Insurance Fund NPC v The Minister of Transport and The Road Accident Fund (GP) (unreported case no 26286/2020, 21-6-2021) (Janse van Nieuwenhuizen J) the […]

The Law Reports – March 2022

https://www.derebus.org.za/the-law-reports-march-2022/

The Law Reports – March 2022 - De Rebus x Bookmark January 2022 (1) South African Law Reports (pp 1 – 316); January 2022 South African Criminal Law Reports (pp 1 – 113) This column discusses judgments as and […]

The administration of deceased estates is governed by the Administration of Estates Act 66 of 1965.

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Administration and winding-up of a deceased estate - De Rebus x Bookmark The administration of deceased estates is governed by the Administration of Estates Act 66 of 1965 (the Act). On the death of a person, the surviving spouse or […]