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Moonstone Monitor | 19 September 2024

IN THIS WEEK'S ISSUE

Top stories

•	Discovery announces 2025 contribution increases: average hike of 9.3%
•	Tax on savings component withdrawals benefits low-income earners, says Treasury
•	Excellence in action: MBSE students rank high in CFP® exam

In the news

•	Momentum reports R1.7bn in two-pot withdrawal applications
•	Undervalued no more? JSE’s Leila Fourie on the re-rating of South African assets
•	Unit trust outflows hit R6bn, but market performance pushes AUM higher
•	Are South Africans ready for the digital payment revolution?
•	ARB hears complaint about Naked Insurance’s ‘lose wait’ campaign
•	OUTsurance delivers strong financial results with 20.3% earnings growth

Learn with MBSE

•	CPD – We are an authorised CPD provider
•	Class of Business training
•	Short courses – Popia, NCA, Fica, Entrepreneurship
•	Accredited qualifications – NQF 4 to NQF 8

Careers Platform

•	Advertising packages
•	Industry positions
•	Moonstone positions

In Lighter Wyn

•	Cat’s life

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ADVERTORIAL

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.

Discovery Health Medical Scheme’s contribution adjustments will be more evenly distributed across its members, highlighting the widespread effects of increasing medical inflation on contribution rates.

Tax on savings component withdrawals benefits low-income earners, says Treasury

The tax structure aims to be progressive, with low-income earners paying little to no tax on withdrawals, while high earners are taxed more.

Excellence in action: MBSE students rank high in CFP® exam

As MBSE students earn top-five ranks in the CFP® Professional Competency Exam, the school is already gearing up for the 2025 introduction of the Capstone Project, a new assessment model.

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IN THE NEWS

Momentum reports R1.7bn in two-pot withdrawal applications

More than 60% of two-pot withdrawal applicants have come from low-income groups, according to Momentum’s latest figures.

Undervalued no more? JSE’s Leila Fourie on the re-rating of South African assets

Three months after the formation of the Government of National Unity, JSE CEO Leila Fourie shares how the exchange is reaping the benefits of political stability.

Unit trust outflows hit R6bn, but market performance pushes AUM higher

Jittery investors continue to forego the benefits of remaining invested in equity portfolios over the long term.

Are South Africans ready for the digital payment revolution?

The South African Reserve Bank’s inaugural Payments Study Report provides extensive insights into how the public perceives and uses various payment methods and instruments.

ARB hears complaint about Naked Insurance’s ‘lose wait’ campaign

The ad’s play on words raises concerns over ‘insensitivity to weight-loss struggles’, but it does not violate the Code of Advertising Practice.

OUTsurance delivers strong financial results with 20.3% earnings growth

OUTsurance South Africa reported an 8.4% increase in gross written premiums for its personal insurance segment and a 71.2% improvement in operating profit for its business insurance.

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CAREERS PLATFORM - INDUSTRY POSITIONS

•

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.

•	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.

•	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.

•	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.

•	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).

•

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.

•	Short-Term Insurance Commercial Lines Underwriter: Intasure (PTY) Ltd, Southern Suburbs,Cape Town,WC. A well-established Insurance Brokerage in Cape Town, Southern Suburbs requires the services of an office based Commercial Lines Underwriter.

•	Short-Term Insurance Personal Lines Underwriter: Intasure (PTY) Ltd, Southern Suburbs,Cape Town,WC. A well-established Insurance Brokerage in Cape Town, Southern Suburbs requires the services of an office based Personal Lines Underwriter.

•	Short-Term Insurance Claims Negotiator: Intasure (PTY) Ltd,Southern Suburbs,Cape Town,WC. A well-established Insurance Brokerage in Cape Town, Southern Suburbs is looking to recruit a Claims Negotiator.

•

Commercial Underwriter (JG 8): Santam,Bellville. Work in this job family stream is concerned with managing commercial risk by providing specialist technical underwriting advice. COE is a highly technical role with strong client focus. The key focus is on underwriting new and existing business to maintain profitability while also creating a platform to aid the growth process.

CAREERS PLATFORM - MOONSTONE POSITIONS

•	For career opportunities currently available at Moonstone please click the button below.

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IN LIGHTER WYN

Cat’s life

Bathe

Jacuzzi

Calm one

SEVEN RULES FOR LIFE
1. LET IT GO
Never ruin a good day by thinking about a bad yesterday.
2. IGNORE THEM
Don’t listen to other people. Live a life that’s empowering to you.
3. GIVE IT TIME
Time heals everything.
4. DON’T COMPARE
The only person you should try to beat is the person you were yesterday.
5. STAY CALM
It’s okay not to have everything figured out. Know that in time, you’ll get there.
6. IT’S ON YOU
Only you are in charge of your happiness.
7. SMILE
Life is short. Enjoy it while you have it.

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