MARCH 2017


Control of insurance sms communication


A draft replacement of the Financial Services Board (FSB) Policyholder Protection Rules (PPRs) aims to allow consumers to opt out of receiving SMS communication from insurance companies without incurring SMS costs. Although there is existing legislation protecting consumers (the Consumer Protection Act), it does not apply to insurance companies. When the new regulations come into effect, the local insurance industry will be in line with international standards.



Insurance for Olympic hosts?



The 2016 Olympics was supposedly the “richest” Games ever with multiple sponsors and TV companies paying billions for broadcasting rights. However, just months after the event, the decay of costly facilities and economic losses are evident. Should the International Olympic Committee consider some sort of insurance for host countries? There has to be a sweetener: potential 2024 host cities Boston, Budapest, Hamburg and Rome have withdrawn from the running.




Holiday home insurance


With numerous public holidays and long weekends during March, April and May, you might be tempted to rent out your home or seldom used holiday home. But what happens if your property and possessions are damaged or stolen by the tenants? Be honest with your insurer and ask for advice before going ahead to ensure that you are properly covered.



Safire Berg 100 winners



Saturday 18 March saw over 750 cyclists lining up to take part in the annual Safire Berg 100 MTB race, a significant increase from 584 riders last year. First to the finish line in Nottingham Road were: Men: 1st - Travis Walker 3:09:22, 2nd - Andrew Hill 3:09:26; 3rd - Wessel Botha – 3:09:39 Ladies: 1st - Chriestie-Leigh Hearder 3:44:53; 2nd - Bianca Haw 3:53:59; 3rd - Candice Parker-Dennison  3:54:17

Seen here after the event are (left to right):  Sean Stanton (Safire Insurance), Wessel Botha, Katie Fogg (organiser), Sophia Fogg, Travis Walker, Pierre Becker (Safire CEO), Andrew Hill


SA consumers under-insured


Economic constraints are influencing the number of South Africans who are insured. According to the South African Insurance Association (SAIA), only 35% of the approximately 12 million vehicles on the road are covered by insurance. The implications of this are significant as roughly 70% of all claims result from motor accidents (this is a recent trend - until recently, 70% of claims were considered to be crime-related through theft or hijacking). The number of motor accidents has also increased dramatically, with over 150 000 vehicle-related deaths estimated annually. According to SAIA, this has had a dramatic impact on the local insurance industry, with short-term insurers having to absorb the rising amount of claims on the motor book. Further analysis reveals a peak in claims after holiday periods, especially in late April and May as people return from their travels and submit their claims (both motoring and household-theft related).


Good times for SA forestry


The local forestry industry has increased its roundwood production despite an almost 20% decrease in total forestry plantation area since 1998. In 2015, SA’s total annual roundwood production was approximately 18 million cubic metres (15.3 million tons) from 1.2 million hectares, up from just over 15.6 million cubic metres from 1.38 million hectares in 1998. Exports of primary and value-added forest products in 2015 were valued at R25.8 billion. The decrease in plantation hectares is attributed to the removal of 80 000 ha from sensitive riparian zones; the government closing its forestry operations in some areas; felled plantations not being replanted; land claims interrupting production; incorrect data collection and insufficient information from small growers. Locally, forestry products include saw logs for building, telephone poles, supports for mining, match and charcoal production, and firewood.


Obituary – Fred Kaiser

We are sad to note the recent passing of Friedrich “Fred” Kaiser, who passed away at the age of 97. Fred was a great family man, a skilled carpenter, and a founder member of SATGA, Brokoop and Safire. His support of these organisations continues to this day, with his sons carrying on in his footsteps as clients of Brokoop and Safire. Read more on our website under news.




Eagle-eyed protectors

The French army is training eagles to detect and remove drones flying in restricted air space. The hand-reared birds are taught to associate drones with food, prompting highly accurate mid-air attacks. Able to reach over 240km/h in flight and spot targets over 1.5km away, the eagles could be used in terrorism ‘hot spots’ such as sports stadiums, political summits and airports.




Headphone in-flight explosion

The Australian Transport Safety Bureau has released details of a mid-flight ‘explosion’ of battery-powered headphones while being used, prompting warnings about travelling with devices powered by lithium-ion batteries. Only a day before the incident, a flight from China had to make an emergency landing after a portable power pack started a fire inside an overhead locker.


Furry hitchhiker



Symbiotic relationships – mutually successful partnerships – are our branding theme, highlighting how we strive to work with our clients in a win-win relationship. This amazing footage shows a genet using a buffalo and a rhino for extra height to catch insects



£825 000 – amount that so-called millennials, people born in the 1980 and 1990s, are forecast to earn during the course of their working lives, significantly less than Generation X and ‘baby-boomers’.



18 million – number of Americans who live in a ZIP code area where car insurance is unaffordable, based on average local income.



659 million – number of followers that football club Manchester United claims to have worldwide. The club is launching a subscription-based digital app, making its internal TV channel available in 165 countries.


85 trillion – amount in cubic feet of Mozambique’s gas reserves, enough to supply Germany, France, Italy and the UK for twenty years. Sasol has drilled four wells, two gas, two oil, with positive results.



$12.5 billion – value of art auctions worldwide last year, a decrease of 22% from $16.1 billion in 2015, because of fewer high value artworks being sold.



29.7 million – number of South Africans who currently live below the poverty line of R1036.07, according to the National Minimum Wage report, meaning that they cannot meet their basic daily needs.



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