Money

CityPress - - Business -

Have you at some point been un­happy with the way your med­i­cal scheme is run? Well, you can voice your con­cerns and opin­ions at your scheme’s an­nual gen­eral meet­ing. Your rec­om­men­da­tions and ideas may even save you and other mem­bers of the scheme some money.

The Coun­cil for Med­i­cal Schemes (CMS), the reg­u­la­tor of the in­dus­try, re­minded mem­bers of this right this week and points out that par­tic­i­pat­ing in a scheme’s an­nual gen­eral meet­ing is a right af­forded to mem­bers in terms of the Med­i­cal Schemes Act.

Sipho Ka­bane, the act­ing CEO and reg­is­trar of the CMS, says: “It is im­por­tant that mem­bers ac­tively par­tic­i­pate in the af­fairs of their schemes, and use this op­por­tu­nity to make their voices heard. By so do­ing, mem­bers can in­flu­ence the course taken by schemes on is­sues af­fect­ing their con­tin­ued ac­cess to qual­ity health­care. It is the right thing to do.”

In­for­ma­tion re­gard­ing the dates of the an­nual gen­eral meet­ings of dif­fer­ent med­i­cal schemes is published on the CMS’s website, med­i­calschemes.com, and up­dates can be found on the reg­u­la­tor’s Face­book page and on Twit­ter.

AS RE­CES­SION LOOMS, IT’S VI­TAL TO HAVE A FI­NAN­CIAL PLAN

The Fi­nan­cial Plan­ning In­sti­tute of South­ern Africa is ad­vis­ing in­vestors and con­sumers to cre­ate a fi­nan­cial plan and stick to it in light of a po­ten­tial re­ces­sion. It high­lights that the re­cent po­lit­i­cal tur­moil in the coun­try has caused havoc in the mar­kets, this time with “se­ri­ous con­se­quences”.

God­frey Nti, CEO of the in­sti­tute, says: “Eco­nomic storm clouds are gath­er­ing. Ever more an­a­lysts and in­vest­ment strate­gists are men­tion­ing the dreaded word ‘re­ces­sion’. They are talk­ing about higher in­fla­tion and interest rate in­creases. It is an alarm­ing sit­u­a­tion, but con­sumers and in­vestors will sur­vive the trou­bled times if they ap­proach their fi­nances with pru­dence.”

He adds: “South Africans are heavily in debt, as re­ported in me­dia ear­lier this month, to such an ex­tent that some have started to pawn as­sets to keep their cash flow go­ing.

“Many peo­ple think that only the ‘wealthy’ or top earn­ers are able to ac­cess fi­nan­cial ad­vice. How­ever, it is our goal to change this per­cep­tion. Cer­ti­fied fi­nan­cial plan­ners have the skills and ex­per­tise to guide and sup­port any con­sumer and in­vestor.”

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