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Laws must change if State hopes to limit medical malpractice awards

By Jay Page Senior Associate and Toni Dammert, Candidate Attorney, Medical Malpractice and Insurance at Bowmans A recent appeal court judgment has held that the State cannot offer free future medical treatment in lieu of paying monetary damages upfront. The State attempted to argue that, by not ...
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One more holiday break in sight – stay safe on the roads

While many may have pleasant memories of the Easter weekend, others are however counting the costs of loss over the long weekend due to various road accidents that happened across the country. According to traffic authorities, the past Easter weekend statistics included: 235 deaths on our roads 1 ...
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Building on success: The 2017 FIA Awards survey is underway

The 2016-17 Global Competitiveness Report ranks South Africa 11th out of 138 countries for our financial market development. In a report card that even the toughest parent would be proud of we scooped first place for financing through our local equity markets; second place for financial services’ ...
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Laws amendment to accommodate health insurance demarcation regulations

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   The pending changes to the Medical Schemes Act and the Long-term and Short-term Insurance Acts to accommodate the demarcation regulations were made on 1 April 2017 including ...
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The Competition Commission and the Aftermarket Automative Sector

By: Ahmore Burger-Smidt, Director at Werksmans Attorneys INTRODUCTION Following numerous complaints received by the Competition Commission from participants in the automotive aftermarket, the Commission, through its advocacy programme hosted a consultative workshop on Friday, 17 March 2017. COMPLAINTS The ...
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From The Glossary »

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Terminal Bonus:

A bonus declared in respect of policies on which a claim has been made or which are approaching maturity. The bonus, in fact, represents a distribution to policyholders, who will be making a claim on their policies, of part of the unrealised capital appreciation of the company’s property and investment portfolios.
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