Latest news with #Naicker
The Citizen
3 days ago
- The Citizen
Richards Bay fraud accused case remanded
The trial for businesswomen and fraud accused Rhana Naicker and her four co-accused was on Tuesday postponed at the Richards Bay Magistrate's Court. It was set for this week but remanded to October as one of the accused was booked off sick and a new date will be set. Naicker faces charges of fraud relating to mismanagement or embezzlement of funds to the tune of R75 000 from the Richards Bay Diwali Committee NPO. The 59 year old was last year arrested and charged along with four others – Gloria Naidu, DeeAnn Huripursad, Nana Tsati and Bongani Masuku… Read the full story in the ZO Weekender edition, out on the shelves and on the ZO app. Don't have the ZO app? Download it to your Android or Apple device here: HAVE YOUR SAY Like our Facebook page and follow us on Twitter. For news straight to your phone invite us: WhatsApp – 060 784 2695 Instagram – zululand_observer At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
TimesLIVE
07-07-2025
- Automotive
- TimesLIVE
Your shield against the unexpected: why insurance still matters
About 70% of South African motorists are either not insured or underinsured, leaving them financially exposed in the event of an accident, theft, or natural disaster. Affordability is a big hurdle — but just as concerning is how many people still don't realise how important insurance is for staying financially secure when life takes an unexpected turn. Burton Naicker, CEO of Miway Insurance, believes that addressing this protection gap begins with greater awareness. 'South Africans face increasing financial vulnerability, compounded by high unemployment and low insurance penetration. It's up to the industry to shift perceptions and show the real value of insurance in people's everyday lives.' The real protection gap SA's short-term insurance gap refers to the difference between what individuals or businesses could lose during an insurable event, such as a flood, car accident or burglary, and the portion of those losses that are insured. Small businesses and low-income households are especially affected, often operating with minimal to no protection. According to Naicker, the issue is twofold. 'There's one group of people who could technically afford insurance but choose not to, often because they think it costs too much. Then there's a much larger group who simply can't afford full coverage at all. In both cases, there's often little understanding of how customisable insurance can be made affordable. 'People view insurance as a luxury, something that can be cancelled when there is financial pressure. The reality is that most accidents and losses are caused by things out of your control, like someone else's poor driving, infrastructure failures or extreme weather conditions,' he says. 'That's why cover still matters.' Tailored cover is better than none Without a savings buffer, South Africans risk long-term setbacks if their vehicles or homes are damaged or destroyed. For small business owners, it could mean the collapse of a livelihood built over years. The economic knock-on effects are also significant. 'If a small business has no cover and suffers a major loss, it can't serve its customers, pay staff or contribute to the economy. The ripple effect is serious,' says Naicker. 'That's why I believe insurance should be treated as a basic cost of doing business — something that gets built into your pricing from the start.' Miway encourages people to explore flexible insurance options that suit their budget and needs. 'Especially during revolving life changes, we encourage you to keep your assets covered,' says Naicker. 'Your monthly premium can be reduced by increasing your excess or choosing a lower level of cover. It's always better to have some cover than to have nothing at all.' Insurance: smart protection for a changing world The nature of risk is also evolving, with extreme weather events becoming more frequent and severe. The record-breaking April 2022 floods in KwaZulu-Natal, for example, caused billions in damages. Add to that the ongoing threat of load-shedding, which can lead to power surges damaging appliances and compromised security systems. At a time when every rand counts, Miway's new Micashback is a meaningful reward that puts real cash back in people's pockets '[While cover from the government-owned] South African Special Risks Insurance Association plays a critical role in protecting against damage caused by risks such as civil unrest, looting, and strikes, it is vital for consumers to understand that this cover is only accessible through their existing personal or business insurance policies,' says Naicker. At Miway, adapting to this changing risk landscape means offering insurance that is not only relevant but also rewarding. The company recently launched Micashback — a smart new feature that gives customers 10% of their premiums back after two straight years without a claim. At a time when every rand counts, it's a meaningful reward that puts real cash back in people's pockets. 'Insurance shouldn't feel like a grudge purchase,' Naicker adds. 'It should be a tool for rebuilding and recovery, and where possible, and it should reward positive behaviour as well.' Time to reassess The recent National Insurance Awareness Day (June 28) serves as a reminder for South Africans to take a moment to reflect and review their policies, says Naicker. Whether you've bought a new car, renovated your home or started a side hustle, your policy should keep up with your lifestyle. Rather than cancelling insurance altogether when times are tough, it is best to speak to your insurer about how to make it more affordable Burton Naicker, CEO of Miway Insurance 'People's lives change all the time — you move into new jobs, start side hustles, or take on new financial responsibilities,' he says. 'Your cover should change with you. Rather than cancelling it altogether when times are tough, it is best to speak to your insurer about how to make it more affordable.' He adds that Miway continues to revise and expand its product range to meet different customer needs. 'Our policy structure is designed to offer real flexibility — drop cover, add cover, adjust your excess — all to help customers stay insured through different life stages.'
The Citizen
04-07-2025
- The Citizen
2 killed, 2 arrested in shoot-out after foiled KZN cash-in-transit heist
Two suspected hijackers were shot dead and two others arrested last night in a dramatic police shoot-out following a foiled cash-in-transit robbery in the Sinyameni area in the Msinga policing area in KZN. Northern Natal News reports that at around 18:00 last night, police received a tip-off about an impending heist. A multi-disciplinary intelligence-led operation was swiftly launched, with officers deployed to patrol the identified hotspot. According to SAPS provincial spokesperson Brigadier Jay Naicker, officers spotted a Mercedes-Benz with four occupants matching the description provided in the intelligence. When they attempted to intercept the vehicle, the suspects opened fire. 'Police responded with tactical precision, returning fire. Two suspects were fatally wounded in the shoot-out, while the remaining two were arrested on the scene,' confirms Naicker. Police recovered two unlicensed firearms and a cache of ammunition at the scene. Preliminary investigations have revealed that one of the arrested suspects is a former employee of a private security company. The two surviving suspects, both in their 40s, have been charged with attempted murder and illegal possession of firearms and ammunition. They are expected to appear in the Msinga Magistrate's Court soon. 'The swift response and bravery of our officers prevented what could have been a major cash-in-transit robbery. Investigations into the broader criminal network are ongoing,' says Naicker. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal. Read original story on At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The Citizen
04-07-2025
- The Citizen
Suspected hijackers shot dead in foiled cash-in-transit heist in Msinga area
Two suspected hijackers were shot dead and two others arrested last night, July 2, in a dramatic police shootout following a foiled cash-in-transit robbery in the Sinyameni area in the Msinga policing area. The deadly exchange took place on the evening of Thursday, July 3, at around 6 pm after police received a tip-off about an impending heist. A multi-disciplinary intelligence-led operation was swiftly launched, with officers deployed to patrol the identified hotspot. According to SAPS provincial spokesperson Brigadier Jay Naicker, officers spotted a Mercedes-Benz with four occupants matching the description provided in the intelligence. When they attempted to intercept the vehicle, the suspects opened fire. 'Police responded with tactical precision, returning fire. Two suspects were fatally wounded in the shootout, while the remaining two were arrested on the scene,' confirmed Naicker. Police recovered two unlicensed firearms and a cache of ammunition at the scene. Preliminary investigations have since revealed that one of the arrested suspects is a former employee of a private security company. The two surviving suspects, both in their forties, have been charged with attempted murder and illegal possession of firearms and ammunition. They are expected to appear in the Msinga Magistrate's Court soon. 'The swift response and bravery of our officers prevented what could have been a major cash-in-transit robbery. Investigations into the broader criminal network are ongoing,' said Brigadier Naicker. HAVE YOUR SAY: Like our Facebook page, follow us on Twitter and Instagram or email us at [email protected]. Add us on WhatsApp 071 277 1394. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The Citizen
03-07-2025
- The Citizen
Police recover R700 000 worth of stolen copper in Botha's Hill
A 43-YEAR-OLD man was arrested in Botha's Hill after copper with a value of R700 000 was found at the back of his property on Tuesday, July 1. Brigadier Jay Naicker, KZN police spokesperson, said detectives from the Organised Crime Unit tasked with investigating essential infrastructure offences, together with other role players, swooped on a residential premises in the Upper Highway following information of copper cables being stripped on the property. Also read: Two nabbed with stolen copper worth R850 000 in Malvern 'Police officers found workers stripping copper cables in a container at the back of the building. The owner of the premises failed to provide police with evidence of where the cables were purchased from and was arrested by detectives,' reported Naicker. The man was detained at the Hillcrest Police Station for being in possession of suspected stolen property and is expected to appear in court soon. Last week Wednesday, police arrested two men who were found in possession of copper valued at R850 000 in the Malvern area. It was discovered that the 288kg of the 861kg recovered copper belonged to eThekwini Metro Electricity. For more from the Highway Mail, follow us on Facebook , X and Instagram. You can also check out our videos on our YouTube channel or follow us on TikTok. Click to subscribe to our newsletter here At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
