Write-offs vs recoveries: What determines the fate of a car in case of an accident?

Ever wondered what factors determine whether to repair or write off a vehicle that’s been damaged in an accident?   Different insurers manage the process in different ways, but there are standard laws that govern the whole process, as set out by the Ombudsman for Short-Term Insurance. Insurers have different internal processes that they follow, but […]

New online service to allow motorists to renew and pay for license disks

  The Road Traffic Management Corporation (RTMC) has launched a new payment gateway enabled by First National Bank (FNB) that will allow motorists across South Africa to register, renew and pay for their license discs through the NaTIS online platform. With over 2,4 million motorists renewing their license discs annually, this innovative service will enable […]

Car repossession – don’t be taken for a ride

With the country in an economic downturn, chances are your finances are feeling the pinch. This can lead you to make bad financial decisions such as skipping your vehicle payments. But every decision has consequences and if you don’t pay your instalments, the bank can take steps to repossess your car. Personal finance website JustMoney […]