After 25 years in office, the parliamentary debate on the transformation of South Africa’s economy to serve the nation is nothing more than an admission by the ANC that it failed miserably as the country’s government and that its harmful policies merely contributed to the destruction of our economy. The ANC did indeed transform our..
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ANC transformed the country into a disaster! In ANC-terms, the list of “transformational successes” is mind blowing, particularly seen in the context with the obsession with race representation at all costs, especially with regard to experience and skills
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Hospital cash-back plans crimped by new law
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The demarcation regulations clearly distinguish between medical insurance products and medical aid schemes. For the consumer, this means that while limited gap cover and hospital cash-back plans will still be allowed, primary healthcare insurance policies will no longer be available. All existing policies will need to align with the regulations from 1 January 2018.
Affected markets
These regulations will primarily affect those between 20 and 35 years of age. The annual Council for Medical Schemes (CMS) report shows that children up to the age of 20 usually stay on their parents’ medical aid. Then you see a significant drop in the number of dependents between the ages of 20 to 35, and then the line goes up again. This is a clear indication that the young and healthy are exercising their freedom of choice to not have medical aid cover. This is the group that, until now, has often relied on hospital cash-back plans for catastrophe cover.
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To lead South Africa, Ramaphosa must balance populism and pragmatism
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Maiden speeches are tricky. They only come once. The one delivered by newly-elected president of the African National Congress (ANC) Cyril Ramaphosa required extraordinary ingenuity. Ramaphosa had to knit together multiple dynamics into a coherent whole. He managed to do this, delivering a speech which largely resonated with the delegates. His maiden address to the..
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