This is the first of many newsletters initiated to keep you informed with financial industry and Royal Square Financial specific wealth management news.

In this Newsletter:

  • Tax-free Investments
  • E-Toll payment enforcement and your Santam insurance
  • Loadshedding and the impact on your insurance

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Achieve your goals with tax-free investments

The heaviness of future dreams and financial goals rest heavily on the shoulders of those envisioning a brighter tomorrow – whether that is in the shape of a child’s education, a cruise ship holiday, or the aim of peaceful retirement.

In South Africa, very little mind is given to savings in order to safely secure the future dreamed of and therefore government is
introducing tax-free investments to encourage South Africans to save through these long-term savings vehicles.

We encourage you to contact us in regards to this opportunity today.

Read More…

e-Toll payment enforcement and your Santam insurance

The enforcement of outstanding e-Toll payments by withholding vehicle licences will not compromise your Santam insurance cover as per Santam’s personal lines policy that states it is immaterial to insurance cover whether a vehicle is registered with the department of transport or not. This is yet another reason why we love our partnership
with Santam.

How does loadshedding affect your insurance?

Loadshedding has become a common phenomenon in South Africa and as home-, and business owners, policy holders have started to question the impact loadshedding has on their insurance policies; when they can obtain cover and under which particular section they can obtain said cover.

Santam discusses the damages and losses that can occur in the event of loadshedding:

  1. Damage due to the loss of electrical and electronic equipment and machinery resulting from power surges/spikes caused by the supply of electricity being switched on or off;
  2. Physical loss of, or damage to stock-in-trade (mostly refrigerated stock) due to the interruption of the electrical supply;
  3. Loss of income following the interference or interruption of business as a result of interruptions in the supply of electricity.

Read More…

Contact us today!