UNDERSTANDING ENDOWMENT POLICIES

“A common misconception of endowment policies is that they are tax effective investment vehicles, providing a tax-free lump sum upon maturity. While it is correct that you will receive a tax-free amount when the endowment policy matures, during the duration of the policy, it is taxed at a rate of 30% on all interest and income earned,” Alves says.

Endowment policies can be beneficial if you are a high net worth investor looking for an alternative to retirement annuities. Endowment policies can also be effective estate planning tools, especially where you nominate a beneficiary so that if you die, the endowment policy is transferred into your estate without having to pay Capital Gains Tax, estate duty or executor’s fees.

Endowment policies might not be a good idea if amongst other factors, you do not have a sizable investment upfront or if you are likely to need your money within 5 years.

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Lulaway and Uber Eats accelerate earning opportunities

The lockdown in South Africa has further exaggerated uncertainties, especially for young job seekers in South Africa. This is why Lulaway, youth empowerment experts, and Uber Eats have partnered to accelerate economic opportunities in the country.

Before the pandemic, Lulaway were building up their internal division for scooter drivers. “When the demand for e-commerce exploded due to the lockdown, Lulaway saw the possibility of creating economic opportunities, and founded Lularides to ensure that there are South African scooter drivers available to meet the demand of the market,” explains Jake Willis, Lulaway CEO.

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SA BONE MARROW REGISTRY PARTNERS WITH WORLD’S LARGEST REGISTRY TO IMPROVE LOCAL DONOR RECRUITMENT AND RETENTION

Currently, the SABMR has about 74 000 donors on its database, which is roughly about 0,2% of SA’s population.

Ward says their aim is to increase this exponentially by the end of 2022. “The bigger the donor pool, the better the odds of finding a match.”

 

The Be The Match© partnership is focused on donor recruitment. This still leaves many other services, such as the Patient Assistance Programme, which helps pay for the bone marrow donor search if a patient is unable to do so, underfunded.

 

If you want to become a donor or would like to make a financial donation to the SA Bone Marrow Registry, please contact the SABMR on 021 447 8638 or email: visit https://sabmr.co.za/

 

Follow the SABMR on Facebook, twitter and Instagram at @sabonemreg

 

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Shudufhadzo Musida crowned Miss South Africa 2020

The 24-year-old – who comes from Ha-Masia in Limpopo – has a Bachelor of Social Sciences in Philosophy, Politics and Economics from the University of Pretoria. She is currently doing her BA Honours in International Relations at the University of Witwatersrand. She will receive R1 million in cash as well as a further R2 million worth of sponsorships and prizes, including the use of a luxury Sandton apartment and a Mercedes-Benz cabriolet for a year.

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FORMER MISS SOUTH AFRICA TAMARYN GREEN TO HOST EXCLUSIVE PRE-AND-POST SHOW AS PART OF MISS SA 2020

Former Miss South Africa Tamaryn Green will be the host of the exclusive Miss South Africa pre-and-post show which forms part of the online streaming package of the Miss South Africa 2020 pageant finale on Saturday, October 24.

Subscriptions to live stream the Miss South Africa 2020 pageant finale online are currently on sale. The pay per view cost is US$6.99 (R99.99 excluding VAT) and will include the exclusive pre-show, online streaming of the Miss South Africa 2020 pageant finale, the opportunity to see what happens backstage at the event and access to an exclusive post-crowning interview with Miss South Africa 2020. To sign up for this live event, subscribe at www.misssa.live (Miss South Africa’s exclusive content online platform).

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DHL Stormers supporting Breast Cancer and Testicular Cancer Awareness with DHL

The DHL Stormers will join title sponsors DHL in showing their support for Breast Cancer and Testicular Cancer Awareness by wearing a special logo on the sleeve of their match kit during October and November. The logo is a combination of the traditional pink ribbon used for Breast Cancer Awareness and blue ‘Movember’ moustache which signifies Testicular Cancer Awareness.

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DHL launches its 1 000 000 meals campaign

Megan Collinicos, VP Marketing, DHL Express Sub Saharan Africa adds, “We are working with a robust group of charities to ensure that we reach as many people as possible. It also provides a wonderful opportunity for our teams in South Africa to get involved from a volunteer perspective for the duration of campaign. It’s so important that we commit, As One, with our wonderful DHL Express employees as opposed to merely sponsoring food preparation and delivers. It’s an integrated approach that will rely on collaboration between our employees and our partners to make it a success.”

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HERITAGE DAY IS ALMOST HERE
WHAT IS HAPPENING THIS HERITAGE DAY?

HOW WELL DO YOU KNOW ABOUT THE DIFFERENT MUSLIM CULTURES ?

We challenge you to dive deep into the Muslim world and learn more about Islam and Muslims this Heritage day.

In order to live in harmony and thrive in the spirit of UBUNTU, we need to respect the beautiful diversity of ALL cultures in our country.

We call on ALL SOUTH AFRICANS to participate in sharing their culture virtually on the 24th of September 2020.

It is a day to gain knowledge as well as impart knowledge about our culture and heritage.

Find us on social media and tag us. Use the #MyMuslimCultureChallenge.

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“Suicide Shouldn’t be a Secret” Webinar for Teachers and Educators 17 September 2020

The South African Depression and Anxiety Group (SADAG) is hosting a FREE “Suicide Shouldn’t be a Secret” Webinar for Teachers and Educators on Teen Depression and Suicide Prevention on Thursday the 17th September at 4pm – 5:30pm. Experts, Dr Sindi van Zyl and clinical psychologist, Zamo Mbele, will unpack the signs & symptoms of teen depression, warning signs of suicide, how to talk to teens about depression and suicide, and what to do to get help for a learner at-risk for suicide or self-harm. To below for the free webinar:

Register Here

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Women’s Month serves as a reminder of the urgent need to address gender imbalances in the workplace

“As companies shift down a gear to strategise and reposition, they have the chance to consider what is important, and what is realistic. In order to tackle inequality effectively, both from an income disparity and gender pay gap perspective, companies will need to bring these issues to the forefront of their strategy. COVID-19 has highlighted these often-overlooked issues and created a catalyst for change which should be embraced.”

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