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As we look back, Savings month encouraged consumers to look at ways to save as we continue to face the challenges and uncertainty that 2020 brings.
Online property listing portals saw a decline in activity at the start of the lockdown, but it has been increasing steadily, almost back to pre-lockdown levels. Without denying the reality of the current global recession, markets do recover over time and as property prices have come down, it definitely is a buyer’s market.
On 23 July 2020, the South African Reserve Bank announced another 25 basis point cut in the repo rate, bringing it to 3.5%, the lowest it has been in decades. While this does provide relief to consumers in the form of lower interest on debt, there may also be concern in some quarters about the effect of the rate cut on pension income from annuities.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?