"April Fool's Day is all about surprises, but the real shock might be how much you've misunderstood life insurance. From the myth that it's only for the wealthy to the misconception that young people don't need it, many beliefs simply don't…
“Many South Africans recognise the importance of investing, saving and even protecting their wealth through insurance, however, there are still signs of reluctance or even apathy when it comes to estate planning,” says Faeeza Khan, Senior Specialist…
“The IFA programme will celebrate 10 years in 2025, making it one of the longest-running of its kind, and this strongly emphasises the critical role of IFAs in ensuring accessible, client-focused financial advice, particularly through financial…
“Experian is working to contribute to societal change by driving a more inclusive credit economy. We're developing social innovation products and initiatives to make a positive impact in communities and people’s lives. When people have fair…
"The value of a well-drafted, updated will is in the spotlight again with news of uncertainty surrounding two-time Academy Award winner Gene Hackman’s estimated $80 million fortune. His three children could be in line to inherit even though…
"Considering that South Africa is home to about 3.3 million people with disabilities and about 200 000 elderly people with dementia, this is an issue that matters in our society. Planning for the needs of vulnerable heirs may call for skilful…
“Even in cases where business owners pass away having drafted wills, we start the deceased estate administration process only to find issues with the management function of accounting and financial control: statements not up to date, tax returns…
"We are proud of the positive impact Paymenow has on employees and their workplaces. This independent research validates what we've seen anecdotally: providing employees with access to their earned wages when they need it helps them manage their…
“Most lenders require proof of a valid residency visa and/or work permit, stable income, local bank account, and local credit history. Some providers have stricter lending criteria than others, and approval of all types of loan applications…
"The issue is that social media influencers are typically compensated for their endorsements, but their followers often mistake these promotions for genuine, first-hand financial advice. This creates a dangerous dynamic, blurring the line between…
“Growing a savings fund may feel like a distant dream when money is tight, but it functions as a financial safety net. Without savings, an unanticipated expense can derail your budget and force you into debt. You may have to rely on a credit…
"Retirement funds, which include retirement annuities, pension funds, provident funds, and preservation funds, are governed by the Pension Funds Act. Section 37C of the Act stipulates what should happen with the death benefits payable on the…
"Waiting for a part to break or a system to fail -also known as reactive maintenance - often leads to much bigger expenses down the line. Take something as small as an oil leak. Ignore it for too long, and you could end up with serious engine…
“By providing easy access to essential resources such as credit reports and personalised financial guidance, we’re equipping consumers with the knowledge they need to make better financial decisions,” says Riaan Nieuwoudt, Executive of Services…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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