Welcome to the Ginsburg Financial Services Blog site!

Mitzie is accredited with most Life Assurance Companies as well as Medical Schemes in SA to give advice on their products. She has been playing an important role in the industry for approximately 23 years and have received many awards for her time spent actively participating in the field.

Click on the links below to find out more about financial information, medical aid and keep up to date with what you need to do for your will and testaments.

Topmed Medical Scheme and Fedhealth Medical Scheme

The past few years have seen a number of debates and developments in the medical scheme industry. When the regulators introduced the then new Medical Schemes Act some twenty years ago they left out two most critical components to support the survival of schemes. These were “compulsory membership” and “a risk equalisation funding model” which would ensure that the young and healthy lives participate in the system.

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REMOVING THE FOREIGN ASSET LIMIT FOR ENDOWMENT ACCOUNTS

We are pleased to inform you that we have removed the foreign asset limit for the Allan Gray Endowment, effective 12 December 2018.

Endowment accounts will be allowed up to 100% in foreign assets, up from 60% since April 2018
As Living Annuity and Endowment investors use Allan Gray Life’s foreign asset allowance instead of their own, we need to manage Allan Gray Life’s overall foreign asset exposure to ensure that we comply with the South African Reserve Bank’s exchange control regulations.

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Discovery Keycare

Discovery has confirmed that they will not change the income brackets and premiums for the KeyCare Plus premiums as published previously, the premiums for 2019 will look as follows for the different income categories:

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Greenlight

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.

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BLACK FRIDAY: AMERICA’S MOST REVERED EXPORT?

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.

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The Allan Gray Offshore Investment Platform

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.

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October is Breast Cancer Awareness month

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.

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Bonitas 2019 Product Launch Highlights

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.

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