What is an Auto Warranty?

Buying a new car is exciting and it probably is an achievement if it is your first time owning your own car. However, getting a new car also means plenty of paperwork to be done such as getting your car an auto warranty insurance. An auto warranty is a type of insurance that has a stated period where your car will work fine. Auto warranties may come as a package when you purchase the car, but just like any insurance, it’s not exactly free and you’ll be required to buy it from the company’s agent.

Warranty costs vary from person to person. Depending on the model of your car, any history records and the amount of coverage you plan to buy, automotive insurance companies will be always calculating any possible future servicing costs for the warranty and any remaining outstanding to give you a well thought out and calculated amount for each and every car.

Without a warranty to cover you when it’s time for car repairs, it can be quite costly to your pocket. Having warranties help with your finances especially when it comes to accidents or faulty cars. Certain car companies will have basic warranties as bumper-to-bumper as it basically covers almost everything for the vehicle except for the tires.

Knowing what to look for in a warranty is important when getting a car. Going past the basic bumper-to-bumper warranties, some car manufacturers offer scheduled servicing depending on where you live. But, just like insurances, you’ll have to pay for servicing as well. With warranties, servicing costs will reduce significantly during this period of time. Be sure to survey more on automotive insurance companies. Companies such as the Liberty Automotive Protection & Warranty offers great flexible plans for the customers especially with 30 years experience, you’ll probably in safer hands with them than any other company.

Steinhoff Scandal Could Cause Severe Impact on SA

The baffling scandal regarding the South African retail company, Steinhoff International Holdings has caused a massive breakdown with investors and banks. Many said that the company should have held responsibility in acknowledging the events that would lead up to the accounting scandal, and now, everyone is trying to find who is to blame for this collapse?

While there are certainly massive downfalls of every part of Steinhoff, Sygnia Chief Executive, Magda Wierzycka said that they are all aware of the accounting fraud and the possibility of tax fraud. The Steinhoff scandal is the largest corporate failure that has been presented to South Africa. The majority of the impact of the scandal will be directed to the funds themselves.

The magnitude of this scandal will ultimately send the pension fund industry into a deep spiral. But what South Africa wants is that the members that are responsible for the events of the Steinhoff scandal will be locked down and to be dealt with harshly as those who have broken law must not reflect on the country to be viewed as one that has bankrupt the society.

The effects of the Steinhoff news on the scandal could also heavily affect investors as well as the investment funds. How do scandal is recreating the image of South Africa has made foreigners look at the country and say demeaning things towards the country and the government. Magda continued her statement by saying that if companies had poorly organised the state-owned enterprises like what Steinhoff has been doing for the past few years, and then eventually becoming the riskiest company to be invested to, which will ultimately lead to the country being unable to access funds for the economy to grow and develop, resulting in a tragedy for South Africa.