Pieter O'Kennedy Efficient Wealth

22/02/2023

2023: We're thrilled to welcome the new tax incentive rebate for installing new and unused solar panels - a positive step towards renewable energy generation, which will go a long way in alleviating the energy crisis! 🙌

Below are a few tips from Tarina Vlok, our MD, following the news:

👉 It's important for homeowners to ensure that the installation is compliant with Electrical Installation Regulations of 2009 and that a certificate of compliance is provided by the electrician. Only new solar panels and installations qualify for the rebate.

💰 Additionally, be sure to inform your insurer when making any renovations to your home and adjust your buildings sum insured to account for the increase in rebuilding costs due to the solar system installation.

🚨 Keep in mind that solar panel theft is on the rise, so make sure to extend your security measures to protect your entire property. Consider installing electric fencing for extra protection. Your solar backup will also provide greater protection against damages caused by power surges to your electronic equipment.

🌍

10/02/2023

Have you heard the news about the Rolex Rippers? They are back! Police in the UK fears that a female gang of distraction thieves who rob wealthy men of their watches could have returned after nine-month hiatus.

According to recent news reports, watch theft is on the rise globally. In London, the number of knifepoint robberies surged 60% between May and June last year, while in Paris, a police task force dedicated to stopping luxury watch theft has grown to 30 agents. And with luxury being in demand by criminals, some watches that are limited editions with very high values are not easy to be replaced.

Theft is a reality no matter where in the world, says Tarina Vlok, our MD. “If you are lucky enough to be able to afford a high-value timepiece, such as a , one issue that many individuals face when buying a high-value item is it at the bought-for value, rather than the replacement value, as price shifts may mean the difference in the two values could be significant, locking in huge financial losses if putting in a .”

She adds that it is important to remember that if a loss does occur with a limited-edition item, which many of these are, it may not be possible to replace it. Your insurer will always try to put you in the position you were in before a loss occurred, but they may not be able to. In these cases, it is best to accept a cash settlement.

17/12/2022

Efficient Group: 20-Year Celebration Event

06/04/2022

These two South Africans now rank among the world’s 250 richest people

Almost all of South Africa’s super-wealthy individuals have seen their fortunes grow over the last 12 months, with two local billionaires now ranked among the richest 250 people in the world.

11/05/2021

Give me a call for a review on your current portfolio.

05/10/2020

Short-term Insurance fraud has increased recently, partly due to the financial hardships caused by the lockdown.

Read more:

The Insurance Crime Bureau estimates that in 2019 up to 20% of the R35 billion paid out on short term insurance claims could have been fraudulent.

08/08/2020

https://businesstech.co.za/news/wealth/423270/how-being-married-in-community-of-property-impacts-your-debts-as-a-couple/

Understanding how your marriage contract will impact the management of your family’s finances is essential to a happy marriage and a secure financial future, notes Cyber Finance, a debt management company.

26/07/2020

Some good news from Santam.

26/06/2020

According to the Chartered Institute of Loss Adjusters, 37-52% of business interruption (BI) policies are underinsured according to the Allianz Risk Barometer (2018) Pg. 29

https://www.cover.co.za/wp-content/uploads/2020/03/COVER-MARCH-–-For-the-Broker.pdf

COVID-19: Into the unknown There is one area where we are all in the same boat, the humanitarian area. In a time of all this uncertainty, the one constant is that we are all humans and we should all be focusing on being human. We should focus on the ethical and the moral. This is not business as usu...

17/06/2020

How the new zero-tolerance drunk driving law will affect your car insurance

The days of having a beer after work and driving home will soon be over – and that’s not just because of the lockdown restrictions.