In 2025, the financial and insurance sectors are changing fast. Parametric insurance is leading this change. It’s a new way to handle risks, making insurance more efficient and clear. Let’s explore how parametric insurance works, its benefits, and its growing role worldwide. What Is Parametric Insurance? Parametric insurance pays out based on specific events, like weather or earthquakes. … Read more
Securing a loan(How to qualify) in South Africa can be a pivotal step toward achieving personal or business goals. Whether you’re aiming to purchase a home, fund your education, or expand your business, understanding the qualification criteria is essential. This comprehensive guide will walk you through the necessary steps to qualify for a loan and … Read more
The South African National Treasury has officially released its second-quarter report for the 2024/25 financial year. This detailed analysis outlines how local municipalities performed against their approved budgets for the period ending 31 December 2024. It includes revenue collection, expenditure patterns, and insights into conditional grants and non-financial metrics based on MFMA Circular No. 88. … Read more
In a major step toward easing the housing burden for working-class citizens, the South African government has introduced a new R2,000 monthly housing support grant. This government-backed initiative is now open for applications and provides direct financial aidto help eligible individuals pay for rent, utilities, or mortgage-related costs. Launched under the official website of the Department of Human Settlements, the program … Read more
Unemployment Insurance Fund (UIF) The UIF is mandated to alleviate poverty by providing effective short-term unemployment insurance to all workers who qualify for unemployment and related benefits, as legislated in the Unemployment Insurance Act of 2001. Over the medium term, the fund aimed to focus on providing social insurance benefits and improving coverage to vulnerable … Read more