SA insurance sector needs to support 2012 budget in tackling job creation and unemployed youth challenges. In order to tackle South Africa’s key job creation and youth unemployment challenges, as outlined in the 2012 Budget Speech, more needs to be done by prominent insurance providers to assist with skills development in the country’s fast-growing short-term insurance …. »
1. Foundation workshop This one-day agenda covers important aspects of Compliance (Pension Funds Act, Income Tax Act and recent legislative changes), Governance (PF 130 & the King Reports) Death Benefits and changes effected by the process of retirement fund reform. Urgent legal changes for both employers and trustees are highlighted. Dates & Times 23 April …. »
Atlantic Asset Management, the Cape-based specialist Fixed Income asset manager, is this month celebrating the 3rd year anniversary of two of its funds. These are the Atlantic Stable Income Fund and Atlantic Real Income Fund. Atlantic offers a range of three retail CIS funds (Unit Trusts), which are focused on income generation and capital preservation. …. »
Insure Group today announced a company name change for its holding company, as well as its two operational subsidiaries. In addition, the Group also made available a national central contact number for its head office and regional offices. Announcing these changes, Managing Director Charl Cilliers said: “In essence, we are not really changing our company …. »
Click here to view the results of the 2011 COVER Excellence Awards. COVER is now open to receive nominations for the 2012 COVER Excellence Awards and is calling on industry role-players to nominate worthy candidates for these prestigious awards. The main aim of these awards is to see individuals being recognised for extra-ordinary effort and …. »
The R3.2 trillion set aside for infrastructure – which includes 43 major projects – will not only drive economic change, but also have a positive impact on the growth of South Africa’s short-term insurance sector. This is according to Adam Samie, CEO of Lion of Africa Insurance, who says improved infrastructure will mitigate risks from …. »
A surprise announcement included in the Budget Speech is that the withholding tax on dividends will be introduced, from 1 April 2012, at 15% and not at the originally announced rate of 10%. Royalty withholding tax will be increased from 12% to 15%. Interest withholding tax will also be introduced on 1 January 2013, not …. »
If there were any surprises in this year’s budget, they were primarily on the positive side. The Minister not only stuck to his previously announced intentions to proceed with consolidating the finances of the South African government, albeit at a relatively slow pace so as not the jeopardise the expected gradual recovery in the economy, …. »
Derick Ferreira, Marketing Manager of the Broker Distribution division at Old Mutual comments on Pravin Gordhan’s budget speech of 2012: The 2012 budget was delivered in an environment where economic uncertainty will remain with us for a while. The challenge, as Minister Pravin Gordhan puts it, was to ‘write a new story about SA – …. »
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