News & Info

"Most Recent News & Info from Leesure Assurance Brokers"

Gifts and donations are largely interchangeable terms but the context is different. That’s the word from David Thomson, Senior Legal Adviser at Sanlam Personal Finance. Gifting means the giving of a genuine gift, for example, a ‘present’, that fits within your means and lifestyle and usually marks a celebration or special occasion.

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South Africa’s economy shrank by 3,2% in the first three months of the year, Stats SA announced on Tuesday 4 June. ‘The 3,2% decline is the biggest quarterly fall in economic activity since the first quarter of 2009, when the economy – under strain from the global financial crisis – tumbled by 6,1%,’ Stats SA said in a note.

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The SA Revenue Service (SARS) announced on Tuesday 4 June that it’s raised the tax return threshold from R350 000 to R500 000. This means people who earn below R500 000 per year, and meet certain other criteria, need not file tax returns, SARS Commissioner Edward Kieswetter said at a media briefing in Pretoria.

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There is a quick and easy way to report insurance fraud if it involves Safire clients: Click here to visit the Report Fraud page on our website. However, what do you do if the fraud isn’t a Safire matter? You tell the Insurance Crime Bureau www.saicb.co.za, a non-profit company dedicated to fighting organised insurance crimes and fraud.

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Criminals constantly update their scams as their target audience becomes aware of their methods. The fastest-growing fraud tactic is vishing, a term coined by combining "voice" and "phishing", which sees fraudsters using voice instead of phishing (when potential targets are contacted via email, telephone or text message).

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