Northwood Financial Services cc now offers payment through SnapScan

To make our client’s processes even easier, we are now offering payment via SnapScan.

 

SnapScan-Announcement-(2)-(For-Web)

SnapScan is both easy and convenient to use, and allows you to make quick and easy payments wherever you are without having to log into your internet banking service provider for an EFT transaction. SnapScan is available for free download and is free to use in a WiFi zone (standard data charges may apply when outside of a WiFi hotspot).

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Upcoming increases to the cost of electricity, and the effect on your pocket

Nersa (the National Energy Regulator of South Africa) has granted Eskom approval to increase its tariffs for the 2016/2017 year. Initially, in November of last year, Eskom had requested a value of R22.8 billion from Nersa to recover costs lost over the 2013/2014 period. In trying to balance the interests and cost implications of both the energy producers and South Africa’s general consumers, Nersa granted half of what was initially requested – roughly R11.2 billion. Thus, consumers will face a 9.4% increase to the standard electricity tariff, effective from the 1st of April 2016.

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SASRIA offers cover for accidental or deliberate damage to property

northwood_financial_services_broken_car_windowMr. Jones arrived at work in his brand new BMW and proudly parked it in his designated parking bay. During the course of the day, a dispute broke out at work, and before he was aware of the risks, the workers began to destroy the premises. All the vehicles, including Mr. Jones’ new car, were set alight.

After the incident, Mr Jones queried the incident with his insurance company. To his dismay, the insurers informed him that he was not able to lay a claim due to the fact that no insurance policy covered damage caused by any person or group taking part in a riot, strike, lock-out or civil commotion.

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Insurance: How to Value Contents Carried on Your Person

personal-insurance-itemsIt’s all very well insuring your household contents, but what happens to the items you carry with you, such as your wrist watch, mobile phone, laptop or tablet, MP3 player? Unfortunately, in the world we live in today, we need to insure the items that we carry on our person, as well as those we have in our homes, in case of theft or loss. Continue reading

How to Value Your Home Contents

household-insuranceInsuring your household possessions and valuables is vital in this day and age, particularly if you have certain items of value such as original artworks, antiques or expensive jewellery. However, it is crucial that you evaluate the contents of your home and your possessions correctly. If you fall short and underestimate your contents – you risk an insurance shortfall – overestimate the value of your possessions and you end up paying excessive premiums. Taking that extra time upfront to evaluate the contents of your home and your valuable possessions correctly and honestly reduces the chance that you may come a cropper in the long run! Continue reading

How to Value Your Home for Insurance Purposes

house-insurance-policyYour house is in all likelihood your most valuable asset, so it is vital that you have sufficient coverage for your property in terms of insurance. A comprehensive short-term insurance policy can be taken out to protect both the value of your entire home structure, as well as its contents against unforeseen circumstances, such as fire or flooding. Depending on the age and condition of your home, and where you live, the cost of insuring your house can vary significantly, just as under insuring your home could have drastic consequences should it burn down. Continue reading

Why You Should Always Read the Small Print

Small print - NorthwoodAlways read the small print” – it’s a steadfast rule most of us know, yet choose to ignore. Some have learnt the hard way, signing up to online services, buying goods and services or insurance, only to get a nasty surprise because the small print wasn’t checked.

In today’s world, it seems that every clothing store, bank and food chain offers some form of rewards card that awards the buyer ‘points’ every time they use the store’s services.  It then follows that these points, once they have accumulated to an acceptable level, can be used for discounts on future purchases or can even be traded in directly for cash.  Almost seems too good to be true, right? Continue reading

The Importance of Knowing Your Customer

Deciding clients - NorthwoodFor any small or medium sized enterprise, it’s more than likely that the relationship between any given business and the client will be one of a personal nature.  Bearing this in mind, it should become immediately obvious that knowing your individual client’s wants and needs could represent a significant advantage in making consistent sales.  However, as any person who has gone to a party alone will know, forcing yourself to make friends with a stranger can be hard, uncomfortable and time-consuming work. So, as an entrepreneur, how can you tell which clients are worth your time and which are likely to sail off into the sunset never to be seen again? Continue reading