Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle

The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.

Whose information is it any way?

A reader recently shared an example of one of the problems independent financial advisers face when attempting to provide holistic advice to a client. As often happens, clients have an array of products, […]

Whose information is it any way?

Old King Causal – or should that be King Midas?

When I started researching the background for this article, the words of Bruce Springsteen’s “The ghost of Tom Joad” came to mind: Well, the highway is alive tonight But nobody’s kiddin’ nobody about […]

To be (dishonest), or not to be?

Two recent tribunal cases make for quite interesting reading. No dishonest intent In the Mokotedi decision, the employer, a major bank, debarred a financial adviser on the grounds that he lacked the required […]

Business interruption test case in UK – Latest developments

The significance of this case in relation to South Africa is that many of the local policy wordings has its roots in the UK. The finding of the High Court on the majority […]

The FCA Handbook Principles

While doing research on developments under the Business Interruption Insurance test trial in the UK, I came across the following prescribed principles for firms regulated by the British Financial Conduct Authority. Whilst many […]

FCA BI test case in UK – Judgment mostly in favour of policyholders

Let me at the outset just caution against popping the champagne corks too soon. The UK Court found in favour of the arguments advanced for policyholders by the FCA on the majority of […]

FCA BI test case in UK – Judgment mostly in favour of policyholders

Let me at the outset just caution against popping the champagne corks too soon. The UK Court found in favour of the arguments advanced for policyholders by the FCA on the majority of […]

Urgency of the essence in BI dispute

In view of the important role that the hospitality industry plays in the economy, it is imperative that legal clarity is obtained as soon as possible. The FSCA has decided to put its […]

Urgency of the essence in BI dispute

In view of the important role that the hospitality industry plays in the economy, it is imperative that legal clarity is obtained as soon as possible. The FSCA has decided to put its […]

Universal life policies – Who’s to bless and who’s to blame?

The problems concerning these policies, as recently highlighted by the LT Ombud, concern at least the last five of the six “Treating Customers Fairly” (TCF) buttons: ● Products & services marketed and sold […]

Universal life policies – Who’s to bless and who’s to blame?

Universal life policies – Are the chickens coming home to roost?

The office of the Long-term Ombud has raised an extremely concerning trend in the August edition of its quarterly newsletter, OMBUZZ. An investigation identified at least 68 complaints received since 2018 from policyholders, […]

Universal life policies – Are the chickens coming home to roost?

Business Interruption Case heard in High Court – Judgment reserved

The Western Cape High Court case between Ma-Afrika and Stellenbosch Kitchen versus Santam was heard on 1 September, with the ruling delayed. The applicants’ legal team requested that the judgment be handed down before […]