In the news today: We live in strange times, the disruptive NHI, and gap cover skyrockets

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Musical chairs at the Treasury as SA stares into the abyss

Lesiba Mothata, chief economist at Investment Solutions, weighs in on the current situation and outlines what lies ahead for Gordhan and South Africans – it’s a very big mountain to climb.  READ MORE

Van Rooyen gone, Pravin back in, what’s going on?

In a series of very strange events, South Africa’s newest Minister of Finance, David van Rooyen, has been relieved of his duties four days after his hiring, and was replaced last night with former head of the fiscus, Pravin Gordhan. The rand immediately gained some ground following the announcement late last night.   READ MORE

What NHI could mean for medical brokers

Under the NHI, medical schemes will only offer top-up cover for those services not covered by the NHI. The NHI will be funded through a central fund that is partially funded from a payroll levy, medical brokers will be done away with, and doctors will be able to access the central fund if they choose to participate in the NHI.  READ MORE

Medical gap cover costs rocket

The cost of medical gap cover is rising as doctors charge more, medical schemes cut back on benefits, and insurers increase their capital reserves for these policies.  READ MORE

These are the mobile sites leaking credit card data for up to 500 000 people per day

A company has to encrypt your credit card data when you buy something online. Yet security company, Wandera, just found at least 16 companies, with a combined 500 000 daily users, which are not always encrypting data.  READ MORE