Category Archives: Insurance

SMEs and Microinsurance: Benefits and Risks

“Do you know the difference between education and experience? Education is when you read the fine print; experience is what you get when you don’t” (American singer and social activist, Pete Seeger) Microinsurance refers to an area of cover made accessible to low-income individuals and businesses at relatively low cost. Within the South African context, […]

Selected for SARS Verification or Audit? Here’s What to Expect… and What to Do

“Is there a phrase in the English language more fraught with menace than a tax audit?” (Erica Jong, American novelist) A number of recent tax developments strongly indicate that taxpayers will face even more intense scrutiny from SARS in this new tax year. Most recently, an additional R3 billion was allocated to SARS in the […]

What Happens if your Driver’s Licence Expires During the Pandemic and You Have an Accident?

Driving licence test centres were closed during the lockdown and even prior to that centres were running behind in renewing driver’s licences and testing first time driver’s licence applicants. The Minister of Transport recognised these difficulties and gave motorists until August 31 to renew their licences. That has now been extended to January 31 2021 and […]

Don’t Let a Death or Disablement Destroy Your Business

The greatest need in many small businesses is for cash flow. Picture this scenario:  Three people start a business and after a few years it is beginning to make profit – in a year it will go cash positive. One of the shareholders is killed (or disabled) in an accident, leaving the spouse and children […]