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The latest determination by the FAIS Ombud provides clear evidence that the moving of an insurance book is not merely a routine admin matter which can be left in the hands of others. On 24 November 2006, the complainant purchased short term insurance cover for his vehicle through the intermediation of the first respondent. On 2 March 2008 the…
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An important part of your preparation for writing the regulatory examinations concerns your mental approach. I came across an interview in Moneyweb with Paddy Upton, who plays an important role in the preparation of our very successful national cricket side. His thinking applies equally to those facing the challenge of writing the regulatory…
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Zambia’s President Michael Sata (77 years old) is playing succession politics from his sickbed. He has sacked Justice Minister Wynter Kabimba – the clear favourite to take over in 2016 if the ailing head of state even makes it that far. Several local and international media reported on Thursday, August 28, that Mr Sata had sacked Mr Kabimba from…
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Two recent articles in Business Day highlight the need for circumspection before implementing the demarcation proposals. The Board of Healthcare Funders (BHF) pointed out that the affordability of medical schemes is seriously hampered by the unintended consequences of the introduction of Prescribed Medical Benefits (PMBs), which pushed…
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By John Field, CEO FedGroup The recent crisis enveloping African Bank brings to mind the 2002 banking crisis that crippled Saambou – similarly hobbled by risky micro-lending practices. Despite African Bank performing well through previously trying periods, its performance more recently, notably following the resignation of founder…
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Dit is baie bemoedigend om na vier weke van die kompetisie te sien dat die spanne wat bereid is om hardlooprugby te speel, bo-aan die punteleer is. Die Pumas se oorwinning oor die Sharks was dalk vir party mense die verrassing van die naweek, maar moenie verbaas wees as hulle nog meer opskuddings gaan veroorsaak nie. Hulle het ‘n baie besielende afrigter…
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Proteas Bloom

The single biggest reason why I enjoy a South African victory over an Australian side, more than one over the English, is that the Aussies are usually much more competitive. I was fortunate in that flu kept me in bed yesterday, which allowed me to follow most of the match live. Graeme Smith earned his Captain Courageous title when he batted with a broken…
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Are Agencies Over-Rated?

Barbara Kiviat*, a former Time staff writer, noted in an article last year on the global financial crisis that the jury is still out on what exactly happened, and who is to blame, five years after the event. More than 300 books on the subject saw the light, and still there is uncertainty on what needs to be done to make the financial system safer. She explains…
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The “Bettle” of the Breakdown

This call by Breytie before the match turned out to be accurate, but the match was won out wide by a rampant All Black side against a shell-shocked Australia. The pace was frenetic despite the best efforts of the referee at the start of the game. In fairness, he probably wanted to stamp his authority on the match, and yellow-carding McCaw in front of a…
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