Farmer wins battle with SARS over premium deduction
Farmer wins battle with SARS over premium deduction

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Investment Indicators | 10 February 2025
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Tax collections miss forecasts – will taxpayers bear the burden?
Farmer wins court battle over R10m insurance deduction
Debt crisis deepens: South Africans using up to 75% of income to repay debt
In the news
Removal firm fined for offering insurance without authorisation
Ombud urges taxpayers to share eFiling hijacking experiences in survey
Surrenders and competition challenge the insurance market, says Moody’s
Cap on healthcare broker fees increases by 4%
Discovery vs RAF: CMS executive says High Court got it wrong
Moonstone Update
Regulatory Examinations
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ADVERTORIAL
GTC banner 2023-10-02

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Are your members using Two-pot responsibly? A GTC perspective on the matter.

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RATES REVIEW
Secured Investment Rate
Please note that (G) indicates a Guaranteed and (L) a Linked product. In order to understand the difference between guaranteed and linked rates, kindly click here for an explanation.
R1 000 000 (3% commission)
Company This week Last week
Clientele life (G) 6.070% 6.171%
1Life (L) 6.000% 6.170%
Discovery (G) 5.846% 5.854%
R1 000 000 (1.5% commission)
Company This week Last week
Clientele life (G) 6.390% 6.491%
1Life (L) 6.390% 6.560%
Discovery (G) 6.233% 6.241%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.35% 8.22%
Coronation 8.10% 8.05%
Symmetry 8.01% 8.12%
Please bear in mind that our figures, though based on the actual quotations that you also use, are for information purposes only, and can never replace the official quotation from the product house. In terms of the guarantees, you are requested to clarify the exact extent of such guarantees with the product house prior to advising clients.
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TOP STORIES
Tax collections miss forecasts – will taxpayers bear the burden?
A dip in corporate and VAT revenues has left a R10bn hole in expected tax collections. As the Budget Speech approaches, Treasury faces a difficult balancing act.
Top story read button
Farmer wins court battle over R10m insurance deduction
The Tax Court rules against SARS in a dispute over a contingency insurance deduction, reaffirming the legitimacy of the policy and its role in protecting income-generating activities.
Top story read button
Debt crisis deepens: South Africans using up to 75% of income to repay debt
DebtBusters’ Q4 2024 Debt Index reveals a worsening cash flow crunch, with rising reliance on short-term loans and record-high debt service ratios.
Top story read button
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IN THE NEWS
Removal firm fined for offering insurance without authorisation
The FSCA fines Kings International Removers R1.1 million and debars its owner for eight years.
Itn read button
Ombud urges taxpayers to share eFiling hijacking experiences in survey
Have you or your clients been affected by eFiling profile hijacking? The Tax Ombud is investigating SARS’s handling of these incidents.
Top story read button
Surrenders and competition challenge the insurance market, says Moody’s
Life insurers are expected to maintain steady profitability, but policy surrenders and competition-driven pricing pressures could impact long-term growth.
In the news 3 read button
Cap on healthcare broker fees increases by 4%
The new limit applies to contributions received from 1 January.
In the news 4 read button
Discovery vs RAF: CMS executive says High Court got it wrong
A regulatory expert believes the judgment misinterpreted key legal principles in its ruling on the RAF’s obligation to reimburse medical schemes.
In the news 5 read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 3 TO 6 FEBRUARY 2025
PPS ‘goes big’ with its mutual insurance model
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2024-02-10

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Short-Term Telesales Broker: Wilson Insurance Consultants, Sea Point, Cape Town, Western Cape. We are seeking an experienced short-term telesales broker who can work independently without supervision. The candidate must have a minimum of two years’ experience in marketing Short Term Car and Household Insurance.
Read more
Commercial Insurance Sales Rep: Minu Management Services, Gauteng. A Financial Services Provider specializing in Commercial Asset Financing, Heavy Commercial Vehicle Insurance (HCV) or Fleet insurance, Goods In Transit insurance (GIT) , Engineering insurance, and General Commercial insurance.
Read more
Short Term Insurance Broker Administrator: Intellisure Insurance Brokers Cc, Newlands, Cape Town, WC. A bright, highly capable, organized, hardworking and adept full time Broker Support Administrator is required by a professional short term insurance brokerage based in Newlands, Cape Town.
https://careers.moonstone.co.za/job/intasure-pty-ltd-southern-suburbs-short-term-insurance-claims-negotiator-2/
 
CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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