SMEs and Microinsurance: Benefits and Risks

Microinsurance in South Africa is regarded as the next big thing, however there is still a lot to be learned about this growing area of insurance and how small businesses and their employees may benefit. Traditionally the microinsurance sector offered only funeral cover. However, since the Insurance Act of 2017 became effective on 1 July …

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A Million Rand Warning: Act When Employees Reach Retirement Age

Increasingly, employees who reach “retirement age” have no desire at all to give up working, so they agree with their employers to stay on. That should be a win-win outcome but, as a recent Labour Appeal Court case shows, employers need to manage the process carefully and with due regard for the potential pitfalls. The …

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How SMMEs Can Benefit Financially from the Fourth Industrial Revolution

The Fourth Industrial Revolution (4IR) refers to the blurring of boundaries between the physical, digital, and biological worlds. It’s a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies. This leads to organisational and structural changes, some not so readily welcomed, particularly …

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Got Cryptocurrency? Here’s How Much SARS Wants…

Cryptocurrencies are not new, but recent developments, including the massive gains they experienced since last year, have placed them under the spotlight. South Africans’ notable interest in them, and SARS’ renewed focus on the wealthy’s undeclared assets, together with its improved capabilities to track taxpayers’ transactions, suggest SARS is intentional about tracking these activities and …

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