Price shock: South Africans could face a 36% hike in electricity bills
Price shock: South Africans could face a 36% hike in electricity bills

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Moonstone Monitor |26 September 2024
IN THIS WEEK'S ISSUE
Top stories
Investigation into ‘fruitless and wasteful expenditure’ continues as RAF bleeds another R1.6 billion
Power surge: South Africans face potential 36% electricity bill hike
In the news
Customer sentiment towards insurers improves despite claims frustrations
Municipal officials face prison for contempt in pension fund case
Two-pot retirement system: a new playground for cybercriminals as FraudGPT fuels the threat
Cohabiting couples: why living together won’t protect your inheritance rights
Perspective
Advisers should not underestimate the implications of the two-pot system for financial planning
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ADVERTORIAL
GTC banner 2023-10-02
Two-pots is here (and in reality, this will be four pots), as opposed to the existing one-pot. How is it looking in your kitchen?

Fund members will require sophisticated fund administration accommodating the numerous alternative elective pre-retirement withdrawals of the Two-pots retirement system. They will also require additional - professional - counselling regarding the impact of premature pre-retirement withdrawal. Are you and your funds ready for this legislation?

Book a presentation with our CEO Gary Mockler to see how GTC can assist 13B administrators and benefit consultants with the relevant business processes associated with Two-pot.

Visit our website at www.gtc.co.za.

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TOP STORIES
Investigation into ‘fruitless and wasteful expenditure’ continues as RAF bleeds another R1.6 billion
The investigation into the Road Accident Fund has uncovered a significant rise in default judgments, accumulating to R4.7 billion from 2018 through to the second quarter of 2023.
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Power surge: South Africans face potential 36% electricity bill hike
Eskom’s MYPD 6 revenue application indicates that the projected 36.15% price increase for FY2026 results from 10 new Negotiated Pricing Agreements, past regulatory decisions, rising coal-based energy costs, increased operating expenses, and an impending carbon tax.
Top story read button
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IN THE NEWS
Customer sentiment towards insurers improves despite claims frustrations
King Price came out top in DataEQ’s latest Insurance Sentiment Index, which analyses what consumers are saying about their insurers.
Itn read button
Municipal officials face prison for contempt in pension fund case
The High Court notes that South Africa’s constitutional democracy requires strict adherence to the rule of law, stressing that municipalities must comply with court orders to uphold good governance.
Top story read button
Two-pot retirement system: a new playground for cybercriminals as FraudGPT fuels the threat
Retirees should be especially vigilant against three common scams: phishing and its more targeted version, spearfishing; deepfakes; and the Grandparent scam, which uses voice cloning.
In the news 3 read button
Cohabiting couples: why living together won’t protect your inheritance rights
Common law marriage doesn’t exist in South Africa, leaving cohabiting couples vulnerable in estate and tax matters. A cohabitation or universal partnership agreement can offer crucial financial protection.
In the news 4 read button
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Fit & P export FCA data
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PERSPECTIVE
Advisers should not underestimate the implications of the two-pot system for financial planning
Financial advisers should understand the broader implications on tax planning, retirement savings, and investment strategies to guide their clients effectively.
Read full article
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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Commercial Insurance Sales Executive: Commrisk Insurance Brokers, George,WC. The CISE’s primary focus is on identifying potential clients, presenting them with suitable product proposals and confirming policy sales. They must build relationships with clients to ensure retention of business and facilitate new business.
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Short-term Insurance Underwriter: Short-term Insurance Underwriter, George,WC. The underwriter is responsible for short-term insurance policy administration (renewals, endorsements and new business) providing excellent service and solutions to account executives, brokers and clients.
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Commercial Insurance Sales Executive: Commrisk Insurance Brokers, Western Cape. The successful candidate will be responsible for identifying potential clients, presenting them with suitable product proposals and confirming policy sales.
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Claims Negotiator: CIA Building Insurance Specialists , Bedfordview,GP. CIA Building Insurance part of the worldwide Hannover Re Group and one of the largest Underwriting Managers in South Africa, is currently looking for an experienced claims negotiator to join our claims team in Bedfordview.
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Retentions Consultant: King Price Insurance,Pretoria, Gauteng. The purpose of this position is to communicate with clients and managing relationships in order to increase loyalty and retain their business.
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Manager: Fund Administration: GIB Financial Services (Pty) Ltd, Sandton. This position requires an energetic person who is able to work well under pressure and supervise a dynamic team.
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Short-Term Insurance Commercial & Personal Lines Position: Elna Rudman Brokers,Pretoria,Gauteng. A well-established Insurance Brokerage in Pretoria East requires the services of an office based Personal Lines Underwriter.
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Compliance Manager: King Price Insurance,Pretoria, Gauteng. Minimum 3-5 years’ experience in a compliance management position with in-depth knowledge of the non-life insurance industry and applicable legislation (Insurance Act, Short-term Insurance Act, FAIS Act, POPIA).
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Senior Commercial Underwriter & Senior Personal Underwriter for short-term insurance: Prive Financial Services Pty Ltd, Highlands North (JHB). Must be able to provide exceptional customer service and a high level of customer centricity, retention and loyalty by handling all admin functions on a existing clients and new business.
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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IN LIGHTER WYN
“Love hurts”

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