Burst geysers account for approximately 35% of all domestic insurance claims, with the winter months being the most common time for this inconvenience. While it may be stressful finding water all over floors, ceilings saturated with water and furniture damaged, often the most frustrating experience is waiting for plumbing assistance to arrive. Now, however, there is a solution, says Standard Bank Insurance Limited, which has introduced a three-hour response time into their homeowners’ policies. This offering will see policyholders in the major metropolitan areas of Gauteng, KwaZulu Natal and the Western Cape being able to fast- track their geyser claims by using the Standard Bank mobile banking app to lodge particulars of the claim online. Within three hours of a claim being lodged, the problem will have been attended to, says Natasha Pershad, Head of Claims: Homeowners Comprehensive Insurance of Standard Insurance Limited. “Our hope it that this accelerated response time will assist policyholders and minimise the negative implications, and frustrations, of having to deal with a burst geyser. A home without water is difficult to live in and creates complications for the entire family, especially when help only arrives in hours, or days. Hence, our move to partner with our registered service suppliers to streamline the claims process and vastly speed up responses,” says Ms Pershad. “We do ask customers to recognise, however, that there may be times when a responding plumber may find that a problem is caused by a fault that will require additional work or a repair cannot be completed because a specialised geyser other than a normal domestic geyser is required. In these or similar cases, the plumber will liaise with the homeowner and take the short-term action necessary to restore the water supply.” “Clients will also have the option to make appointments with plumbers, so that more suitable arrangements can be made should they not be at home during the . . .
Africa’s cities are facing an urban ‘polycrisis’ The award-winning African Real Estate & Infrastructure Summit comes to Gauteng in October to gather leading built environment and property professionals, architects, project developers, investors, town planners, and city and municipal managers from all over the continent to focus on “Developing Future African Cities”. “Over the next 20 years, growth in Africa’s urban population will increase the demand for more infrastructure, including transport, housing, hospitals, schools, retail, industrial and fundamental facilities,” says Benjamin Jones, Event Manager of African Real Estate & Infrastructure Summit. He adds: “to meet this ongoing demand, public and private sector stakeholders will need to adapt their strategies to develop and fund projects that will need to meet the specific demands and challenges of African cities.” The summit will take place at the Sandton Convention Centre from 25-26 October. JLL, the global financial and professional services firm specialising in commercial real estate services and investment management, is the official content sponsor for the event. Simon Ardonceau (MRICS), JLL’s Head of Strategic Consulting, Sub-Saharan Africa and speaker at the African Real Estate & Infrastructure Summit, says: “driven by strong fundamentals such as sustained economic growth, favourable demographics, emergence of a middle class and rapid urbanisation, the real estate sector is bound to grow.” Visionary city planning In November last year, the inaugural African Real Estate & Infrastructure Summit in Cape Town provided an innovative space for more than 300 sector experts gathered for interactive sessions that focused on key case studies of visionary city planning, investment opportunities in the commercial and residential real estate sectors across the continent as well as the challenges of urbanisation. A key finding of the conference was that Africa’s cities are facing an urban . . .
Johannesburg, 2 August 2017 – It is no exaggeration to say that water pipes are one of the most important parts of any home. Mostly unseen by the householder, pipes work constantly to make sure that household routines involve simply turning a tap. When they fail, however, the consequences can be dire – something that Standard Insurance Limited hopes to make a thing of the past. Waiting for a plumber in a waterless house is often the worst part of experiencing a water pipe problem, says Natasha Pershad, Head of Claims: Homeowners Comprehensive Insurance at Standard Insurance Limited. Even if the issue is a leak rather than a pipe burst, the least that can be expected is a water bill that can upset the household budget. Now, says Ms Pershad, there is relief on the way. Standard Insurance Limited is enabling policyholders in the major metropolitan areas of Gauteng and KwaZulu Natal to fast-track their claims for burst and leaking pipes by using the Standard Bank’s mobile banking app to lodge homeowner’s insurance claims online. Within the very same day of the claim being lodged, the problem will have been attended to, although this offer excludes after-hours claims for now. In such cases, problems will be attended to first thing the very next day. “We have committed ourselves to an accelerated response time to assist policyholders because pipe bursts and leaks can create major complications for the entire family. Having to wait many hours or even days for service can be very stressful and hinder customer’s ability to go about their day. We all have that next thing to do, so having to take time out to deal with pipe issues or leaks, can be very frustrating. Hence, our move to partner with our registered service suppliers to streamline the claims process and vastly speed up responses,” says Ms Pershad. “We need to, however, recognise that there may be times when a responding plumber may find that a problem is caused by a fault that will require additional . . .
Johannesburg - Topics such as debit order abuse in the payments landscape, knowing your customer, power of perfect digital communication strategy, leveraging data and technology to improve collections ROI, How technology can enhance optimal debt collections, achieving ultimate success in debt collection as well as legal collections in a drastically changing environment and many more will be addressed at the Debt Collection Conference 2017 to be held in Johannesburg South Africa. The conference will be addressed by 17 industry leaders and a panel who will share their in-depth knowledge’s with attendees on the above mentioned topics. The event, to be held on 6 & 7 September 2017 at Indaba Hotel, Fourways, Johannesburg, and hosted by Trade Conferences International (TCI), aims to attract professional dealing with debt collection, debt management, credit risk, debt & credit control, legal debt counselling & advisory, credit management as well as collection management and implementation. Michandre Malan – Senior Project Manager at Trade Conferences International - said TCI has organised more than 400 events in the last fourteen years. Since we hosted the first Debt Collection in 2013, the event attracted over 600 registered delegates and over 100 exhibiting companies includes: ABSA, African Bank, CrediCor, DirectAxis, Discovery, HTN Attorneys, PayM8, NRB Risk Solutions, Nedbank, FNB, Standard Bank, Uni-Collect, Woolworths Financial Services and more. This years’ conference is expected to attract over a 150 delegates. “TCI is your technology event organiser of choice and we believe that the event will be a success. We understand technology and have the ability to identify the right audience to showcase the latest technology developments in different industries. The event will allow both exhibitors and delegates an opportunity to network and explore new developments in the debt collection and credit risk industry.” Normal Registration fee: R8 . . .
Banks have diluted The Sandbox Model, Operators must find New Potential Ways to stay Innovative & Relevant, says ResearchICA in its soon releasing research, Modern Mobile Money 2017 to 2022. Yes, you read right. The "Sandbox Model" is not yielding and rather eating time & money including multiple other valuable resources of mobile operators. Fine they are doing partnerships but most of the constructive partnerships, according to the latest research, "Worldwide Mobile Money Modernisation & Monetisation (a.k.a. Modern Mobile Money 2017 to 2022)”, developed by ResearchICA, in collaboration with its partner TeleResearch Labs, are “namesake”. The best solutions out there on display are solid 'FinTech-Bank combos' with just 1% involving mobile operators. "7 out of 10 startups do not want to work with mobile operators. Startups (will) prefer Banks”, According to a latest survey conducted by ResearchICA. "Among 120 finance technology companies, who are relevant, kicking in their domains, and own a meaningful existence, want —more opportunity, real live experience, strong commitment, trust, & confidence in doing business with whoever they choose." By definition, Sandbox model is basically a frontier for capturing innovation at the roots; also responsible for the FinTech sector we know that has come into being. So an interesting question that arises here is; How could Operators fail, and Banks (& FinTechs) succeed using the same (Sandbox) model? One, because Banks were not technology pioneers and Sandboxes complement their functioning style. "Stay out, don’t mingle, let us do our work. . . and you do yours, kind of philosophy". And this is also true for FinTechs. Unlike Mobile Operators, Banks give them time, space, ears—most importantly, basically all a 'finance tech enabler' may seek in order to stay relevant & productive. This also works well in keeping check on aspirations of mobile operators. Two, a Challenger type model . . .
D-day is tomorrow as Sipho Pityana, Chair of AngloGold Ashanti and head of Save SA, will shake hands with international CFO communities and together unpack SA's politics and economic impact on the country’s investment prospects (Midrand). Pityana and panellists will join local executives and the International Association of Financial Executives Institutes (IAFEI), the leading global CFO body representing large listed companies in more than 22 countries, to discuss SAs unpredictable business environment. IAFEIs member list includes approximately 21 000 professionals overseeing several potential investments from across the world, adding suspense to the outcomes of global perspectives on SAs prospects. Other issues on the agenda include job creation, the aftermath of recent job losses, the technical recession and upkeep of businesses and SMEs in SAs current uncertain conditions. • Justin Froneman (Senior VP in finance at Sibanye Platinum); • Bikash Prasad (Senior VP in finance at Olam International); • Andrew Davison (Head of Investment Consulting at Old Mutual Corporate Consultants) • Cas Coovadia (MD at The Banking Association SA) and Prof Cyril Nhlanhla Mbatha (Economics Professor at UNISA SBL) The discussion, a CFO Talks initiative titled ‘Surviving and Thriving in Uncertain Political and Economic Times’, will be deliberated by the following panelists, who are available for comment. The morning's processions will be moderated by Ben Davis, Associate Director at Deloitte). Please find attached the full media release. Nicolaas van Wyk, IAFEI Area President for Africa and SAIBA CEO, is also available for comment from Johannesburg. CLICK HERE to submit your press release to MyPR.co.za. . . .
Consumers welcome the news regarding South Africa’s first interest rate cut in five years. The South African Reserve Bank’s surprising announcement indicated a slight drop of 0.25%. “Although the decrease does not help those with investment savings, consumers certainly receive the announcement with open arms,” says Matthys Potgieter, spokesperson and debt expert at DebtSafe. “Consumers can really save a few rand on their home loans,” says Potgieter. “If a consumer has a home loan of R1000 000.00, the decreased Repo Rate of 0.25%, gives a decreased amount of R167.37 a month on his/her monthly instalments. And paying that money into his/her bond on top of the new instalment will lead to: A total saving of R84 789.90, over the full term of 20 years. Twelve months earlier settlement.” Potgieter also advises consumers/home owners to pay the extra cash, which they save because of the Repo Rate drop, into their home loans instead of spending it on unnecessary items. If, however, consumers are over-indebted, they should make use of the snowball principle and pay their smallest debt (like a clothing account) off first with the extra saved monies. Consumers that have a personal loan or credit card won’t be saving very much per month, but according to Potgieter it all adds up in the end. “Say a consumer has a personal loan of R20 000.00,” explains Potgieter. “The decrease of 0.25% on the Repo Rate gives a decreased amount of R2.77 per month on the consumer’s monthly instalments. Paying that money along with the saving on his/her home loan instalment, into his/her personal loan on top of his/her new instalment, will lead to: A total saving of R4 339.79, over the full term of 60 months. Twenty months earlier settlement.” Potgieter further highlights that a consumer’s monthly interest saving on a credit card of R10 000.00 amounts to R2.08. Credit card minimum payments are usually calculated at 5% of a consumer’s outstanding balance, this will . . .
As part of the Golden Jubilee 50th Anniversary of the world-renowned Krugerrand coin, first minted in July 1967, the SA Mint has released new denominations of the Krugerrand never before produced. These include the flagship fifty-ounce coin, signaling the 50 years that the Krugerrand has been in production, and the five-ounce coin, symbolising one-ounce for every decade. The twentieth of-an-ounce coin, and the fiftieth of-an-ounce coin both herald the advances in technology and showcase an unrivalled craftsmanship. The iconic coin has also been minted in new precious metal never before used: the new Platinum and the new Silver one-ounce proof coins set the stage for the future diversity of the Krugerrand collection. To add to the excitement Mr Kruger in Pretoria has been named an authorised partner of the South African Mint, making the Bullion Specialist company one of a selected few nationally approved partners of Africa’s leading coin manufacturer. This honour now gives Mr Kruger privileged access to retail the whole range of SA Mint proof collections, including among others, the 50th Anniversary Krugerrand Collection, the 2016 Natura coin collection and the 2016 Protea coin collection. Arno Egen, founder and director of Mr Kruger commends his company’s achievement stating, “We feel honoured and excited to become one of the selected authorised partners of the SA Mint in the country. Through this partnership we can expand our service offering to numismatists and bullion collectors around South Africa by offering special edition coins and collections.” Short History of the Krugerrand The Krugerrand was first minted in 1967 as a vehicle for private individuals to invest in Gold. The now-beloved South African hallmark was originally introduced to market South African Gold to global investors and is now heralded as the most recognisable and most actively traded Gold bullion coin in the world. The Krugerrand is categorised as a “coin” as opposed to a Gold . . .
South Africans are amongst the world's worse savers, accordingly to statics released by World Economic Forum, scoring 15.4% compared to other emerging markets. South African Reserve bank, desires a 25% saving growth, which looks bleak with current economic climate in the country to ascertain. A further, downgrade rating on the country by international rating agencies, puts a further strain on the economy. Higher price hikes could leave more South African’s destitute with no spare money to save. South Africa is also predominantly a consumption-led economy, rather than investment led one. As a result of economic pressure, more people are looking for alternatives. One such is the decentralised cryptocurrency market, where more people are finding a safe haven in investing in Bitcoin. Bitcoin is the world’s first decentralized currency, that operates independent of a central bank is designed to deflate over time, oppose to how traditional fiat currencies inflate. Shireen Ramjoo, Founder of Liquid Crypto-Money, says,“The crypto-environment is already at an almost staggering 100 billion dollar market. There are a few first world countries that have already regulated bitcoin. As bitcoin, promises more gains over a period of time, more people are beginning to save, so that they can cash in a bigger return. As a result we are witnessing more people coming into the cryptocurrency space, and a whole new spectrum of new services in terms of cryptocurrency hedge funds and such type of investments already coming into markets.” People holding bitcoin are trying to save them for a long period of time, because there is the enticement of higher returns as a result. This new trend seems to be opening up a new way for people to save in the short and long term. Most South Africans don't have a savings pool to tap into for emergencies, and usually cash out their investment savings, leaving them even more vulnerable in the long run. “As the cryptocurrency environment becomes . . .
Music-recognition app Shazam has teamed up with Nedbank to give South Africans a different perspective on the currency in their pockets. Music-recognition app Shazam has teamed up with Nedbank to give South Africans a different perspective on the currency in their pockets. The financial organisation's latest #SeeMoneyDifferently campaign is combining Shazam's smart visual recognition technology with storytelling and history in order to help South African users see money through different eyes. Storytelling with Shazam Based on the idea that the majority of South Africans will have a mobile phone and some cash in their pocket (cash usage is at 52.8% in the country), the Shazam-based application allows users to uncover financial inspiration by placing any note in front of their phone camera. When the app recognises the note and its denomination, it connects users to inspiring stories grown from that precise amount of money. From soccer stars and opera singers, to business moguls, every amazing journey and incredible achievement starts somewhere – and needs just a little investment to get the ball rolling. A R10 note may look like a stick of gum or a bottle of water to the everyday South African, but the #SeeMoneyDifferently campaign demonstrates clearly that from little things big things can grow. Why #SeeMoneyDifferently? But what goal lurks behind the push for South Africans to look at money in a different way? According to Shazam's South African representative Hannes Prinsloo, the project was all about “educating people that if they manage their money well it can make a real difference in their lives”. “South Africans have long struggled with the money-saving mentality. Our country has just entered a technical recession, we are seeing an increase in defaults in debt repayments, taxes have increased, and we need more small businesses to bolster the economy for us all.” A united front And it's not just Nedbank and Shazam who are working . . .