The second quarter of 2023 was characterised by South Africa’s struggle with severe power cuts as well as significant global financial shifts. In April, concerns escalated as Electricity Minister Kgosientsho Ramokgopa warned of a challenging winter due to ongoing stage six power cuts. May saw the collapse of First Republic […]
The South African money market is fast becoming a saver’s haven. The overnight repo rate of 7.75% at the end of March is its highest level in almost 14 years. Per the South African Reserve Bank (Sarb), the extent to which it will keep adjusting the repo rate higher will […]
Personal technologies such as drones, gadgets, consoles, video games, GoPro’s and smartwatches have gained popularity however, it raises many questions when it comes to insurance. Specifically, under which section of your policy are they insured? Advice from a professional broker is therefore essential for most clients. Tarina Vlok, Senior Manager for […]
Homeowners are at risk of having their insurance claims rejected if it is found that they are not in possession of a valid Electrical Certificate of Compliance (ECOC) for their property. This is according to Marike van Niekerk, Legal and Compliance Manager at MUA Insurance Acceptances, who says that insurers expect their policyholders […]
Cyber crime is a prevalent reality in South Africa. With many businesses recently being attacked by ransomware, it is unfortunately a security threat that can no longer be ignored or put off. Are you and your business protected and prepared? Perhaps it is time to get in touch with your […]
Windscreen damage is a reality that many South African motorists are faced with more often than they anticipate. There are several reasons why a windscreen may be damaged, but the most common causes are flying rocks and debris from large trucks or roads that are under construction. A windscreen is […]
You need to know whether you’re covered against Theft, Damage and Power Surges during times of load shedding… 1. Am I covered against Theft and Burglary when we have no power? Your insurance policy will cover losses as a result of theft or burglary following or during a load shedding […]
Electricity surges due to load shedding can damage domestic appliances, from fridges and computers to TVs and and decoders. Short-term insurance companies have been inundated with claims for broken household appliances and equipment during the last six months, when load shedding has been a frequent occurrence. Insurance firms are warning […]
5 MORE Reasons Why Consumers Should Use an Insurance Broker Consumers generally think they benefit when they buy insurance direct but is it true? To find out, an auditing company asked people what matters to them when buying insurance, and in turn their panel used those criteria to evaluate the […]
South Africans have been cautioned to protect themselves and their belongings against the financial repercussions of loadshedding and the resulting power surges that the process causes. This follows recent announcements from the energy parastatal Eskom which has said that South Africans will have to learn to live with electricity cuts […]
