MOONSTONE MONITOR

  1 February 2007

 

 

 

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 Dear Reader

Our comment last week about the broker representative bodies being involved more and more in helping to shape the future of the industry drew a very sharp retort from a reader who felt that I was insensitive to numerous inputs that they had made to the regulators in the past.

My apologies if anyone was offended - this was certainly not the intention. It is probably as a result of their efforts that the authorities realise that they can never find a workable solution without involving the intermediaries.

On a different note, I was again struck by how powerful a few simple words can be - Die Burger published a letter from a reader who wrote:

Mense praat van sinnelose moorde, maar wanneer is 'n  moord sinvol?

People talk about meaningless murders, but when is a murder meaningful?

Kind regards,

Paul Kruger

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In the News this week:

BBBEE Codes unrealistic?

A prominent economist postulates that there may not be enough black professionals to comply with the numbers required by the still to be published new broad based black economic empowerment initiative.

Read More

Vermiste Moonstone Publikasies

Ons hoor byna daagliks van intekenare dat hulle skielik nie meer Investment Indicators of die Monitor ontvang nie.

Read More

Healthcare Handbook

The 2007 edition of Healthcare in South Africa, published by Profile Media is now available. The 2006 edition of the book received very positive feedback from...   

Read More

Tommy Cooper Special

I went to the dentist. He said "Say Aaah." I said "Why?" He said...

Read More

 

BBBEE Codes Unrealistic?

In an article by Jeanette Clark in Sake-Burger of 31 January 2007, a prominent economist postulates that there may not be enough black professionals to comply with the numbers required by the still to be published new broad based black economic empowerment initiative.

Dr. Azar Jammine, chief economist of Econometrix Treasury Management, is quoted as saying that only 700 of the approximately 24 000 qualified CA's are black. Of the 25 117 matrics who passed with an exemption only 5000 are black.

Education which should address this problem is heading for a crisis; we need 21 000 new teachers every year just to keep the teacher to pupil ratio as it currently is, yet only 5 000 new ones are added every year. By 2008 there will be a shortage of 32 000.

The new BBBEE codes were approved by parliament in December and was due for publication in January, but this has now been moved forward to February.

On a slightly lighter note; we hear that Mr. Tony Yengeni, received a new 4 x 4; he only served four months of a four year sentence for not disclosing an abnormally high discount on a vehicle that he bought.

 

Vermiste Moonstone Publikasies

Ons hoor byna daagliks van intekenare dat hulle skielik nie meer Investment Indicators of die Monitor ontvang nie. Sommige mense wil weet of ons kwaad geraak het vir hulle, ander dink hulle het nie betaal nie, nog ander skryf eenvoudig weer in op ons webtuiste.

Die probleem lê primêr daarin dat internet diensverskaffers hulle sekuriteitsreëlings aansienlik opgeskerp het met die toename in die verspreiding van virusse en ander goggas. So is daar byvoorbeeld baie mense met Liblink addresse wat nie eens die skakels na die tariewe op Investment Indicators kan oopmaak nie.

Daar is byna net soveel oplossings vir die probleme as wat daar diensverskaffers is. As u probleme ondervind en dit met ons deel, kan ons dit probeer regmaak. Dit sal help as u kan uitvind of hulle wel e-posse met 'n Moonstone naam blokkeer.

As u byvoorbeeld net een van die publikasies ontvang, maar albei wil hê, laat my asseblief dadelik weet.

Heelwat lesers ontvang hierdie publikasies via 'n tussenganger, hetsy 'n makelaarkonsultant of inhuis verspreider van een van die produkhuise. Die nadeel is dat u dit dan dikwels laat ontvang. As spesiale aanbod sal ons vir die eerste 100 000 aansoekers die publikasies gratis stuur. Diegene wat dit daarna aanvra sal dit verniet kry.

In hierdie tye waar mens niks meer verniet kry nie is dit goed om te weet dat advertensiefooie van produkverskaffers die gratis verspreiding van ons publikasies moontlik maak. Die Monitor word geborg deur Altrisk, en Investment Indicators deur die meeste van die instansies wie se produkte daarop verskyn. U sal hulle kan uitken deurdat daar 'n hiper skakel aan hul naam gekoppel is wat u direk na hul webtuiste sal neem.

 

Healthcare in SA 2007

The 2007 edition of Healthcare in South Africa, published by Profile Media is now available. The 2006 edition of the book received very positive feedback from Certified Financial Planning students at the Universities of Stellenbosch and Orange Free State, and students of the University of Cape Town based Advice-based Financial Planning course.  

The book is aimed at financial advisors, human resources consultants, employee benefits specialists, new medical scheme trustees and others who are obliged to understand the financing of medical schemes, the changing legislative environment and the industry response to these changes.

‘The book aims to give readers an insight into the objectives of the Department of Health, and how the industry; medical schemes, administrators and healthcare providers are adapting to meet these objectives,’ said Author Liz Still.   

The book gives readers an update on new and proposed legislation, the ‘basic benefit package, the Lower Income Medical Schemes initiative and the risk equalization fund.

It also includes a range of interviews with leading industry players. Examples of these interview are with Patrick Masobe, the Registrar of the Council for Medical Schemes, Humphrey Zokufu, the Managing Director of the Board of Healthcare Funders, leading employee benefit consultants Colin Bullen and Brad Beira of Lekana Employee Benefits, Charl van Loggerenburg, National Emergency Services Manager of Life Healthcare, Richard Friedland, CEO of Network Healthcare, Eugene Watson, Principal Officer of GEMS, Kurt Worral-Clare, CEO of the Hospital Association of South Africa and many more.

The book can be ordered on the Profile Media website www.profile.co.za , and costs R155.00.

 

Tommy Cooper Specials

David Logan wrote to us when he did not receive his Investment Indicators. We sorted out his problem, and he replied as follows:

Thanks Paul, and I mean it when I say I miss the weekly issue. I thrive on good humour and, at present, anyone in the financial services industry has to have a sense of humour. So thanks for a truly inspiring, uplifting and very useful and informative publication.

He attached some examples of the humour that he enjoys; quips from British comedian Tommy Cooper - enjoy.

A blind bloke walks into a shop with a guide dog. He picks the dog up and starts swinging it around his head. Alarmed, a shop assistant calls out: “Can I help, sir?” “No thanks,” says the blind bloke, “just looking."

I was getting into my car, and this bloke says to me: "Can you give me a lift?" I said: "Sure, you look great, the world's your oyster, go for it.'"

I went to the dentist. He said "Say Aaah." I said "Why?" He said "My dog's died.'"

Police arrested two kids yesterday, one was drinking battery acid, the other was eating fireworks. They charged one and let the other one off.

  

 
email: pkruger@moonstoneinfo.com