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In an address to parliament on 4 September, the Minister of Finance expressed concern over the number of people resigning to get their hands on money in their pension and provident funds. The matter is so serious that it was also discussed at Cabinet level. At the heart of the perceived increase in resignations, lie rumours that the government is…
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Application for Exemption The FSB recently published a document titled, “Application for an exemption in relation to Qualifications and regulatory examinations”. It sets out how one should go about applying for an exemption, the fees involved and documentation required. These exemptions relate to: Qualification requirements Level…
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The Namibia Statistics Agency (NSA) released revised National Accounts on September 12. The revised data – as opposed to the preliminary adjustments released earlier in the year – paint a far rosier picture of the desert economy’s growth last year, revised higher from 4.4% to 5.1%. However, GDP growth in the preceding two years was revised…
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The Deputy Registrar of Financial Services Providers invited industry input on a proposed Guidance Note on the interpretation and application of section 13(1)(c) of the Financial Advisory and Intermediary Services Act, 2002. This section, which became operative on 30 May 2014, determines, amongst others, that a person “…may not render…
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The National Treasury and Financial Services Board invites the public to attend a Consumer Credit Insurance (“CCI”) workshop which will discuss the findings and focus areas arising from the “Technical Report on the Consumer Credit Insurance Market in South Africa” released on 3 July 2014. There is one remaining workshop: Cape Town,…
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The Rugby Championship log reminds me of horse racing. The winner appears to have an unassailable lead, while two of the also-rans will fight it out for the second spot. New Zealand is on 16 points, 6 clear of South Africa and Australia, and with two matches remaining, are unlikely to be overhauled, despite the fact that these are away games. South Africa…
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Think TCF – Part 1

A survey amongst FSPs would very likely reveal a “wait and see” approach from the majority of smaller businesses as far as Treating Customers Fairly is concerned. Many of those who adopted a similar stance when FAIS was first introduced found out the hard way that ignorance is, indeed, not bliss. We will be focusing on this important issue over…
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Halfway to paradise

Mutual music maniacs may have heard echoes of this Billy Fury song after the final whistle blew in the match between the All Blacks and the Springboks on Saturday. In particular, the final refrain: “Don’t lead me halfway to paradise – so near, yet so far away.” Bobby commented this morning on the excellent discipline displayed by…
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Kyk Vorentoe, Springbokke

Kommentators na aan die Bokke beweer dat hulle die teleurstelling van verlede Saterdag verwerk het, en nou op die groot stryd teen die aartsvyand fokus. Ek dink nie dit sal ‘n slegte ding wees om bietjie motivering te put uit die wyse waarop hulle behandel is nie, solank hulle net nie simpatie verwag van die skeidsregter oor wat gebeur het nie. Ek…
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