Blog

Tale of 3 members

In the tale of three member’s article, we look at the reasons why you should stay invested when moving between jobs. Tale of 3 members

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What happened in 2018

2018 was earmarked to be one of healthy, synchronised global growth, however it did not turn out as planned. The year ended up a tough one for investors, and most investments struggled locally and abroad.  Click on the link below to read about the top contributors to the negative impact on the investment markets. Read […]

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Release of the National Health Insurance Bill and Medical Schemes Amendment Bill

On Thursday 21 June 2018, The Minister of Health, Dr Aaron Motsoaledi released the National Health Insurance (NHI) Bill and the Medical Schemes Amendment (MSA) Bill. The Bills set out the envisaged pathway to NHI with medical schemes continuing to operate alongside. NMG is working through these Bills with the intention to submit commentary during the […]

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From Jacky’s Desk

The Minister of Health released the National Health Insurance Bill and the Medical Schemes Amendment Bill. These proposed legislative changes intend to pave the way for the implementation of National Health Insurance within the context of striving towards universal access to healthcare for the population. While much work needs to be done to fully understand […]

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Impact of VAT increase effective 1 April 2018

National Treasury announced an increase in Value Added Tax (VAT) from 14% to 15%, to take effect on the 01 April 2018. Although the increase to the end consumer of 1% can be seen as relatively small, as part of the bigger picture the potential amount of time, resources and effort  affecting the entire short term insurance industry is massive […]

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2018 Budget Review

The 2018 budget has been crafted under difficult and fragile environment such as risk of credit downgrade by Moody’s, continual gradual decoration of economic growth, high political tension within the ruling party, decline in tax revenue and subdued business and consumer confidence. Make yourself aware of the important issues that the budget addressed.

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Why you should attend the next Benefits Breakfast

  Financial security is at the heart of a business’s employee benefits programme and NMG aims to equip employers with the confidence for correct decision-making that will be beneficial for employees. These decisions are meant to protect the ongoing health and retirement opportunities of employees and their families – while ensuring business success. We provide […]

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NMG’s Benefit Benchmark Focus Group Event

  On 15 February 2018, NMG held a Benefit Benchmarking study focus group event at the Holiday Inn Sandton. The event addressed concerns raised as a result of work done on the NMG Benefit Benchmark survey. The Benefit Benchmarking survey is still ongoing, and NMG has started to note some trends in the issues businesses […]

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Developing and Implementing a Risk Governance Framework

Namfisa (Namibia Financial Institution Supervisory Authority), is in the process of reviewing its supervisory methodology and intends to deploy Risk Based Supervision (“RBS”).  The implementation thereof intended to assist the authority in actively regulating risk as part of the greater Bills Implementation Project. Risk-Based Supervision is gradually becoming the dominant approach to regulatory supervision of […]

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