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Wait-and-see regulator strands 1000s of medical aid members

09 September 2022

If you interrogate South Africa’s financial services regulators about their narrow and near-obsessive focus on capital adequacy, they would perhaps counter that their oversight and corrective actions are carried out ‘within the ambit of the prevailing legislation’ and that the ultimate aim of any intervention is to protect consumers. Ironically, by the time the dust settles on the latest Council for Medical Schemes (CMS) intervention in the medical schemes environment, we could have 20 000 odd medical aid members without a home.

What’s inside… FAnews Magazine August 2022

16 August 2022

This month FAnews celebrates 25 years in business; something we are extremely proud of and grateful for. The magazine started off with a different name, but with the same purpose and goal… to keep the industry informed, to share knowledge, to address industry issues and to ultimately assist brokers and advisers to make their lives a bit easier.

Rampant crime… Such rot does not develop overnight

12 August 2022

Violent contact crimes such as common assaults, hi-jackings, home invasions, murders and rapes are so commonplace across South Africa that the country’s law-abiding citizenry hardly react to the daily horror stories. Echoing the famous line from an equally famous ‘Pink Floyd’ classic, one might say: “I [we] have become comfortably numb”. And it is just as well, because comfortable numbness is the only way to navigate headlines such as ‘Film crew attacked, several women reportedly gang-raped in West Village’ or ‘Eight models shooting music video [gang] raped on the West Rand’. There are no words that can be written to ease the victims’ pain.

Forget strength… Give me power is SA’s new rallying cry

29 July 2022

The recent mutterings by the department of mineral resources, since seconded by the country’s president, that Eskom 2.0 is a perfect counter to South Africa’s electricity woes should have sent the local citizenry into a Sri Lankan style frenzy. Alas, cowered as we were from week-upon-week of Stage IV and worse loadshedding, we hardly noticed.

quick poll

Question

Would you willingly give up your medical scheme membership under a fully implemented NHI?

Answer

No, never Not with state delivery The NHI is too unclear Yes, absolutely Willingly. What?

View the Results

Impossible to ‘scoop’ … Reporting on an 8-year-old insured loss

11 July 2022

What’s inside… FAnews Magazine June 2022

14 June 2022

Your financial fortune will ebb and flow in countless parallel, virtual universes

03 June 2022

SA banks and insurers set to ride out the 2022 inflation shock

20 May 2022

SA consumers brace for a lengthy battle with rising prices and interest rate hikes

06 May 2022

What’s inside… FAnews Magazine April 2022

11 April 2022

What’s inside… FAnews Magazine February 2022

16 February 2022

French writer predicted SA’s current economic malaise a whopping 173 years ago

28 January 2022

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Talked About Features / The Stage