There’s no doubt that even high-income earners feel the pinch of rising costs in private healthcare. Why do healthcare rates rise more than average inflation—are medical schemes greedy? Today we are looking at what influences healthcare costs and, ultimately, medical inflation. South African Healthcare Demographics in Context Most South Africans rely solely on the public

Will you have enough money when you retire?   To retire comfortably requires a sound investment strategy that starts as early as possible. When it comes to long-term investments like your retirement savings, compound interest is a small thing that makes a massive difference. It is often ignored because the impact of compound interest isn’t

In case you missed it, The Financial Sector Conduct Authority (FSCA) issued a communication regarding retirement funds contributions, which needs noting. FSCA communication 17 of 22(RF) – is relevant to all employers with retirement funds, more those whose fund contributions are currently in arrears. Current Statute In terms of section 13A of the Pension Funds

Group insurance pricing is forward-looking. This means that when premiums are reviewed annually, the premium rates are based on the expected costs of claims over the next 12 months. The influx of life cover claims over the last two years – and the high uncertainty around the future impact of Covid-19 – requires a cautious

Employers consider medically boarding when an employee is unable to perform the requirements of their job due to an injury or ill-health. Labour law sets out that there must be fair reason and procedure followed by the employer before an employee can be medical boarded or dismissed due to incapacitation. When all avenues are exhausted,