No images? Click here Meet our new CFOHeleen Botha has joined Safire Insurance as Chief Financial Officer, becoming part of our proud legacy of female leaders. She takes over from Sean Stanton, who will remain part of the Safire team in various roles. Heleen is no stranger to Safire, having been involved in Safire's financial audits in both 2010 and 2011. Her vast experience includes serving in various management positions such as Head of Finance, General Manager, Operational Manager and CFO at reputable companies including Munich Re, KPMG and Credit Guarantee Insurance Corporation. Noteworthy news in numbers150 000: number of people who had to be relocated from the path of a herd of fourteen wild elephants in China who recently took an unprecedented 500km trek from a nature reserve in Yunnan province. $4.25 million: loan recently approved by the African Development Bank Group to the Lesotho Revenue Authority to provide digital tax services that aim to broaden the country's tax base. 63%: higher return on investment shown by women-owned businesses, yet only 2.3% of venture capital funding in 2020 went to female-founded firms, according to the Harvard Business Review. Your mobile phone: gateway to your bank accountWe all appreciate the convenience that mobile phones bring to our world, but criminals could find personal information and even gain access to your bank account via the apps on your phone. "When a bank client's mobile phone is stolen, they tend to focus on protecting their photos and social media profiles, however, their highest priority should be protecting their money," says Susan Potgieter, acting CEO of SABRIC, the South African Banking Risk Information Centre. What should you do as soon as you realise your mobile phone has been taken? Tax complexities of the unrest payoutsThe looting and attacks on buildings in the July unrest resulted in various levels of destruction, from buildings being partially damaged to being completely destroyed. Insurance payouts may be made by insurance companies on behalf of the state-owned insurer, Sasria. However, an insurance payout that is greater than the acquisition cost of an asset such as a building could be regarded as a capital gain – indicating the type of taxation intricacies that need to be navigated... First female Deputy Chair for LloydsVicky Carter has been appointed the first Deputy Chairperson of Lloyds, stepping into her new role from 1 September 2021. Vicky has worked for the Lloyd's market for 40 years, starting her career in medicine before moving to Reinsurance Broking in 1980. She is the first female founder of a Lloyd's brokerage since its beginnings in 1668, and has held a number of senior executive positions within the broking sector. She was among Business Insurance's 2012 Women to Watch honorees, and was named as a one of Insurance Business UK's Women of Influence in 2016. The Insurer newsletter and the content of any article published herein, should not be construed as forming part of any insurance contract or policy nor as constituting any form of advice. It is aimed at providing an informal and informative read to the readers thereof. Whilst every effort is taken to attempt to ensure the accuracy and correctness of the information contained herein, Safire Insurance Company Limited does not give any assurance regarding such accuracy or correctness and accordingly does not accept any liability whatsoever for any loss or damage, whether direct, indirect or consequential, arising from any reliance placed in the information contained herein. |