As cellphone banking becomes increasingly popular, so does the risk of becoming a victim of fraud. This is all the more reason you should register your cellphone’s SIM card as required by the Regulation of Interception of Communications and Provision of Communication-related Information Act (Rica) as soon as possible, Clive Pillay, the Ombudsman for Banking [...]

The draw for the 2010 World Cup in South Africa, consisting of the 32 teams that qualify, will be held in Cape Town’s International Convention Centre (CTICC) on December 4.
Although the exact procedure for the draw has yet to be clarified by the sport’s controlling body Fifa, it is not expected that they [...]

Reserve Bank governor Gill Marcus has nailed her colours firmly to the mast of non intervention in the currency market and refraining from support to keep the rand at a particular level .
However, she diplomatically said yesterday that the issue of what could be done to weaken the currency and to change the mandate of [...]

The recent spate of judgments in favour of public liability claimants points to an increasing interest in consumer protection issues. Almost every day there is a case reported of a hospital, school, or retail outlet being sued for damages. In the past, many of these would have been limited to an exchange of a few [...]

Food inflation is finally coming off the boil, which is good news for cash-strapped consumers. The Reserve Bank’s monetary policy review (MPR), released yesterday, said food inflation at the consumer level fell from a peak of 19.2 percent in August last year to 4.9 percent in September this year.
The inflation rate for meat dropped from [...]

Headline increase of 9.8%

Discovery Health’s headline increase of 9.8% is below the increase benchmark set by the Council for Medical Schemes of consumer price inflation (CPIX) + 3%.  As Discovery Health continue to enhance the benefits of the 2010 product, this increase also ensures that members will continue to enjoy stability and [...]

No new business on household contents will be accepted from 15 November 2009 until 15 January 2010 if the insured does not have continuous previous insurance.  With this I mean the insured must be currently insured on household contents and he is canceling he’s current insurance because another company can offer him a better product [...]

THE Reserve Bank kept interest rates steady yesterday as expected with new governor Gill Marcus highlighting the role global events play in SA’s tentative economic recovery.
Proposed Eskom electricity price hikes still posed the main inflation threat, and the outlook had not changed much since the Bank’s monetary policy committee meeting last month, she said.
Given uncertainty [...]