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Insurance cover falls as consumers face increasing budget pressures

19 February 2016

South Africa stands on the brink of recession, with rising interest rates taking the consumer lending rate up to 10.25% up from a low of 8.5% in July 2012. 2016 is shaping up to be a tough year, with not only interest rates but inflation, the cost of food, electricity and fuel costs all moving in one direction – up. As consumers increasingly come under pressure, the temptation to cut out or cut down on insurance costs becomes a very real one.

Beware the cyber risks of online dating this Valentine’s Day

11 February 2016

Various online dating companies in the United States of America has reported that a big surge in user growth is generally experienced at the start of a New Year. Match.com specifically stated that the company expects a 60% increase in new members between Christmas Day and Valentine’s Day.

Seven tips for consumers to ensure safer internet use - Safer Internet Day

08 February 2016

According to statistics from antivirus software provider McAfee’s Global Cost of Cybercrime report, cybercrime costs the South African economy about R5.8 billion a year. In light of Safer Internet Day celebrated on the 9th of February 2016, consumers are urged to practice safer internet habits to avoid falling victim to cyberattacks that could lead to great financial losses and emotional stress.

Husband could have more to worry about than just an angry wife

08 February 2016

You may have read the recent news article about the husband who let his anger get the better of him when he drove his sports car into the back of his wife’s mini. The incident not only made news headlines and became an amusing anecdote to discuss, but also raised some important questions around liability and claiming on insurance.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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