Canvas and Tent affiliation with SATIB

SATIB are proud to announce their new business partnership with Canvas and Tent and would like to welcome them to our valued clients.

Canvas and Tent is a world leader in the manufacture of canvas-related products. Established over three decades ago, Canvas and Tent has a wide range of clients including the military, humanitarian organizations, game reserves, safari destinations and adventurers.

Located in Ladysmith at the foothills of South Africa's Drakensberg Mountains, their factory provides many job opportunities for the local population.

Through their efforts to meet and exceed tolerance levels prescribed for military applications they have set new standards in the quality of world-class canvas tent manufacturing. Their laboratory continues to research innovative and improved methods for curing, treating, laminating and strengthening canvas, enabling them to improve existing products and introduce new ones with regularity, always adding value.

Canvas and Tent are a preferred supplier to the United Nations and global NGO's, and are registered with many of their divisions including WHO, UNICEF and UNDP.

They have participated in disaster relief supplies in South Africa, Turkey, Kosovo, DRC, Congo, Angola, Mozambique, Zambia, Zimbabwe, Swaziland, Botswana and Namibia.

Whether it's a custom designed tented safari camp in the heart of the African bush, a mess tent designed for military use in the desert or a fold-up bush shower, or any other canvas, nylon or PVC product, discerning users the world over prefer the Canvas and Tent brand every time!

SATIB have introduced their insurers to Canvas and Tent and look forward to developing a clearer understanding of the material, its use and most importantly its hardiness when subjected to our environment.

For more information, please contact:

André du Toit of SATIB Insurance Brokers, T 0861 SATIB 4U (72842 48) | E adutoit@satib.co.za; or

Sharon O'Mant of Canvas and Tent, T +27 12 671 1101 E sharon@canvasandtent.co.za.

Source: SATIB Insurance Brokers

Good News on Retirement Planning (RA)...For a Change!

To those of you worried about your retirement and thinking that you might fall short, there is FINALLY some good news.

There are NO longer penalties for exiting your Retirement Annuity ("RA") early!

This benefit applies to all new policies taken out under the new rulings.

In the past you would have been charged a percentage of your fund value should you have made changes to your RA but now, if you make sure your contract is paid up, (i.e. discontinue your recurring contributions or reduce your recurring contribution) there are NO exit fees. You will only incur a flat fee of R200 to make any alterations to your policy.

The advantages of having a new RA are:

• No penalties on exiting or reducing your contributions;
• No tax on the amounts invested in the fund until retirement thereby allowing a greater amount to grow in your name;
• Tax reductions from SARS on your current earnings as RA’s are tax deductible (subject to SARS usual conditions);
• No Estate duty on your death on any RA’s paid into your estate. (usually 20%);
• No exposure to creditors (RA funds cannot be attached).

We at SATIB can offer you a FREE detailed analysis indicating what you need to save to retire and to help you make sure you are taking full advantage of all the tax breaks available to you with retirement savings.

Please contact Brett Lazarus TODAY on: T 0861 SATIB 4U (72842 48) | C +27 (0)82 445 6666 | E blazarus@satib.co.za.

Source: SATIB Insurance Brokers