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wealth-transfer

How advisers can protect against losing assets when wealth is transferred

Financial advisers who work holistically with families to understand better the needs of the principal members and the individual members will be at an advantage when wealth changes hands, says Daryll Welsh, the head of product for Ninety One’s investment platform. A significant transfer of wealth from the Baby Boomer generation (born between 1946 and […]

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Post Office hid behind Sassa beneficiaries to avoid paying retirement fund contributions

Post Office ‘hid behind’ Sassa beneficiaries to avoid paying retirement fund contributions

The SA Post Office (Sapo) adopted an “opportunistic” and “cynical” approach when, while claiming to be concerned about the rights of social grant beneficiaries and its customers, it infringed the rights of its employees and sought, through “legal sophistry”, to place itself above the law. This was the view of the Supreme Court of Appeal […]

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IT problems continue to plague Master’s offices

IT problems continue to plague Master’s offices

The country’s Master’s offices were only able to resume processing inheritances from 15 November last year, when a new finger-print verification server was restored, says Justice and Correctional Services Minister Ronald Lamola. He was responding to a question from Glynnis Breytenbach, the DA’s spokesperson for justice and constitutional development. Breytenbach asked the minister what steps […]

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wolf in sheeps clothing

A wolf in sheep’s clothing?

The release of the first of three publications on the findings of the Zondo commission has certainly put the cat among the pigeons. The last two reports, due for release at the end of January and February, contain even more explosive content about the full extent of state plundering. A Legalbrief Today article reported on […]

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Accountancy body ‘will investigate all members named in Zondo report’

Accountancy body ‘will investigate all members named in Zondo report’

The South African Institute of Chartered Accountants (Saica) says it will investigate all members of the organisation mentioned in the Zondo Commission’s report into state capture. In a media statement on 5 January, Saica said it had initiated an investigation into Yakhe Kwinana, the former chairperson of SAA Technical (SAAT) and an ex-SAA board member, […]

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Nedbank denies any wrongdoing in Acsa transactions

Nedbank denies any wrongdoing in Acsa transactions

Nedbank says it committed no wrong in relation to the interest rate swap transactions it concluded with Airports Company SA (Acsa) between 2009 and 2011. The bank was responding to Acting Chief Justice Raymond Zondo’s recommendation that the law enforcement agencies should investigate Nedbank and its employees for their alleged role in a “corrupt” contract […]

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PwC admits it failed to do its job properly at SAA

PwC admits it failed to do its job properly at SAA

PricewaterhouseCoopers (PwC) has admitted that it dropped the ball in failing to identify corruption at SAA when it audited the company’s books between 2012 and 2016. In part 1 of his report on state capture, Acting Chief Justice Raymond Zondo said PwC and its joint-audit partner, Nkonki Inc, “failed dismally” to detect the rampant fraud […]

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