The rand is battered and bruised and customers are surely feeling the pinch. Let’s not even speak of the hike after hike in the petrol price and the country being in a technical recession after two quarters worth of negative growth. Although there were very few positives from the medium term budget speech, the good news is that tax remains largely unchanged.
Local retailers are gearing up for one of the year’s busiest weekends as Black Friday sales lure shoppers with unmissable discounts. This year’s Black Friday, however, is unlikely to change weak retail trade sales growth, which moderated to a lacklustre 0.7% year-on-year in September, from 2.5% in August, affirming the economy’s muted consumption demand.
As part of our ongoing effort to make our Offshore Investment Platform more accessible to clients, we are pleased to inform you that investors will have the option of using South African rands for lump sum investments into new and existing offshore accounts, effective 12 October 2018. We have negotiated preferential rates with an authorised dealer, who will convert clients’ rands into foreign currency. Minimum investment amounts are shown in the table below.
Sanlam’s Severe Illness benefits are comprehensive, marketable and flexible, but without compromising on our philosophy to always provide proper over for all our clients. Sanlam offers very comprehensive cancer cover under our cancer-only benefit: the Cancer or Cancer Plus benefit and the same cover is also offered as part of our Comprehensive Severe Illness or Comprehensive Severe Illness Plus benefit.
Changes to BonClassic
The out-of-hospital radiology and pathology benefits have been combined into one benefit and the out-of-hospital physiotherapy and paramedical services have been combined into one benefit as well. We have also removed the benefit for specialised drugs on this plan.