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The Stage
Financial advisors urged to collaborate for success

South Africa’s small, medium and micro-enterprises (SMMEs) will be the principle drivers of the change needed to restore the country’s economic prospects. Peter Olyott, president of the Financial Intermediaries Association of Southern Africa (FIA), told delegates at the association’s 2019 Advice Summit that government’s role was to facilitate this change. He added that the summit theme of “collaboration breeds success” was chosen to illustrate the need for each of the association’s members to work together with one another, the industry and government to achieve common goals.

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Straight Talk
Patience is needed in the great cost debate

A few weeks ago, we published a newsletter which focused on a panel discussion that was held at the Financial Sector Conduct Authority (FSCA) Retirement Funds Conference. The newsletter focused on the costs associated with saving towards retirement.

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Featured story
Trying to achieve balance could be difficult

There are mixed feelings towards National Health Insurance (NHI). Some say it will come at a cost to those in the private sector, while others believe trying to achieve a balance between a private system and the NHI system will be difficult.

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Quick Polls

QUESTION

No developing economy has ever built a single-payer complementary NHI equivalent covering the entire population. NHI promises comprehensive care but it is also 100% free at the point-of-service. Is this practical?

ANSWER

It is doable but collaboration is key
South Africa is not in a position to build NHI
The only conclusion possible is that the private healthcare sector is not going to disappear or change
There is little chance that the NHI will be able to receive significant government funding
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FAnews August 2019 Get the latest issue of FAnews

This month's headlines

Create designer policies through AI
Are advisers in a precarious position?
A claim, COIDA and a dog bite
Non-disclosure never an innocent fraud
Prescribed assets: The threat to pensions
Cannabis and the issue of trust
Getting the most from disability claims
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