It pains me to have to write this. I hope it will bring some hope to some of my clients and, to others, a sober warning about why not having insurance or going the self-insurance route may not be wise. Obviously, the loss of possessions is distressing, but these are material things and can be replaced. What causes me more distress is what the events leading up to the unprecedented looting and destruction will mean in the longer-term in terms of the disruption of people’s lives and the businesses involved.
FNB sent me a reminder to be careful about scams and what I should do if I encounter them. I am always grateful for their sustained efforts to combat these. It is sad that I have to write so often about them. They have become so common place, that people joke about the Nigerian General that is trying to overthrow the Government and needs your help whilst offering you handsome rewards.
In these blogs and in my discussions with clients the topic of cryptocurrencies has been raised on a regular basis. The fact is, whether you think this is a good investment opportunity or not, the South African Revenue Service (SARS) is sharpening its focus and intention to ‘mine’ it for tax revenue – as is within its rights. This is also not a new thing – SARS has been warning us for years.
The short answer is much sooner than you think you will need it! The challenge is that a 20-year-old appears to be healthy and sees cover as a grudge purchase. Young people often think that they are invincible. In their case, accidents are the biggest cause of death and disability. Adults who are faced with their own mortality often wake up to the fact that they may also leave others behind!
After the heartache of losing her mother to a protracted battle with cancer, Claire had some difficult choices to make. What would be the wisest way to spend her inheritance? She was torn in two – should she pay off all her debts and carry on with life or honour her mother by doing something they had both dreamed of for years?
These have been dark days. During the pandemic that shall not be named (but starts with a C and ends in 19) it has been difficult to escape the uncomfortable introspection related to your mortality on this earthly plane. More people are becoming aware of the necessity of dealing with your last wishes before, well, that fateful final day.
Why do scams survive, without changing much, other than minor details? Here I am again, talking about scams. However, I would like to take a more philosophical view this time. Let us look at how and why people get caught. Again. And (sometimes) again!
I want to state that scams illustrate parts of the Human Condition we may not be too proud of. Added to that the novel situation we find ourselves in with the Coronavirus and the unprecedented acceleration of the Fourth Industrial Revolution has made this worse.
According to a recent BBC Worklife article, divorce rates are rapidly increasing around the world – whether you live in China, Sweden, or the United Kingdom. This is true of South Africa as well. Since the already slow cogs of justice ground to a halt for months due to the hard lockdown level 5, South African courts face a backlog in the divorce courts, the likes of which has not been seen before.