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Risks of being underinsured: Do you know the implications?

24 May 2016

Local consumers are traditionally underinsured – a critical oversight that only gets worse during tough economic times, especially in light of the recent announcement by the SA Reserve Bank's Monetary Policy Committee last week. While there was no change to the interest rate in May, it was reported that this is merely a pause and not a reversal, indicating that consumers should brace for a further rate hike.

Are you insured against going out of business?

23 May 2016

In difficult economic times, it’s important that you carefully watch how your business allocates its hard-earned money. “This is particularly true when it comes to your insurance cover,” says Bertus Visser, Chief Executive of Distribution at PSG Insure. Small to medium-sized businesses may have limited cash flow and potentially have insufficient cover in the event that something affects their ability to do business.

The importance of regular valuing of assets in relation to other currencies

20 May 2016

Although there has recently been a short but impressive rally in the value of the rand, over the last six months it has declined by 23.11% against the dollar and it is probable that this trend will continue particularly if the county’s political uncertainties continue to diminish confidence.