The global Covid-19 pandemic has disrupted South Africa’s economy, unsettled numerous sectors and made life a little more unpredictable – which has left those who were planning to buy a house or a car wonder whether now is still a good time to do so. Consumer confidence dropped and many South Africans hit the pause button on their long-term investments as the country went into hard lockdown in late March. According to TransUnion SA, finance deals for new and used passenger cars dropped by 11.9% and 12.2% year-on-year between the first quarter of 2019 and 2020....
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While many household incomes will be adversely affected because of the coronavirus crisis, it is within reason for people to think of ways to reduce their monthly expenses. Insurance premiums are one of those expenses that many think they can do without until they need it. Auto & General Insurance looks at why this is one cost you shouldn’t cut....
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Recently, there has been an increase in personal loan scams in South Africa. Fraudsters are impersonating reputable financial service providers and offering fake personal loans. They may also use websites that look real and trustworthy but are a disguise to take people’s hard-earned money. With over 30 years’ experience, we at Auto & General have seen our fair share of financial scams. ...
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Blockchain technology, the revolutionary open-source ledger system behind Bitcoin and the global crypto currency mania, is kick-starting some of the most innovative problem-solving businesses in South Africa.Essentially, the blockchain is a digital ledger hosted on a distributed network, made up of many independent “nodes”, each running on an individual computer. Each of the nodes has full, real-time access to the network’s complete digital ledger, which continually records, verifies and updates all the network’s information exchanges for all time....
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As an insurer of architects, experience has shown us the importance of agreeing to all terms with a client upfront and ensuring that you end up with a signed contract at the end of the negotiations. We have often seen the impact that an unsigned contract can have not only on an architect’s business, but personally too. That is where Errors & Omissions insurance comes in.
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Many people realise the importance of saving for retirement, but they battle to find the balance between enjoying their hard-earned money and making provisions for the future. We explore some tips on saving while spending. Know your spending patterns. The first step to a successful savings plan is to understand how you spend money, reports TIME.com. ...
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