Tag: financial risk
Comair incident demonstrates the importance of corporate governance
Comair returned to the headlines by advising on 1 June that it was voluntarily suspending its flights until the funding necessary to resume operations had been secured. What has got customers hot under the collar, though, is that it had advertised a one-day sale on the previous day (31 May).
Ways to achieve preferential interest rates on a home loan
Despite economic turbulence in South Africa, the repo rate has remained two basis points lower than it was before the pandemic’s onset in March 2020. This, combined with high approval rates amongst the banks, has created favourable home loan lending conditions for buyers.
Prepare now to handle a third wave!
Without rapid immunisation, many experts believe that South Africa will experience a third wave of COVID-19 by the coming autumn or winter. Although there is no clear-cut definition of what could constitute this surge it will become evident as we start to observe a continuous rise in new cases.
Industry reopening: temporary health and safety resources required
With the reopening of many more industries in South Africa’s alert level 1, companies – particularly those in the manufacturing and engineering sectors – will have to further prepare for the return of more employees to the workplace.
Fintech start-up to save South Africans from growing credit-trap
South African fin-tech start-up, Payflex, is on the warpath with South Africa’s debt crisis. We intend to save online consumers from themselves by encouraging them to spend responsibly while offering online shoppers an interest-free payment solution. Our arrival to market is well-timed.
How does digital adoption benefit SMEs?
A study conducted by research firm In On Africa revealed that 86% of Small Medium Enterprise (SME) owners use their smartphones for business purposes. While 60% of the SME owners also feel that limitations posed by lack of a reliable internet connection, reliable services or financial solutions pose a threat to the success of their business.
Protection of personal info – POPI Act is good business practice
Whether the Protection of Personal Information (POPI) Act is law or not, data protection compliance has become good business practice, largely because of the reputational and financial risk. Recently, the Information Regulator approached South Africa’s President to issue a commencement date of 1 April 2020 for the remaining provisions of the POPI Act.
NHI – Diagnosing employer medical aid contribution changes
There has been a lot of hype around the proposed National Health Insurance Bill, 2018 (NHI Bill) and the numerous implications for South African citizens. Little has been said, however, about how the NHI Bill will impact on the provision of medical aid benefits in the employee context.
