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Too soon to panic about grey-listing?
Is it a “done deal” that South Africa will be placed on the Financial Action Task Force’s grey ...
FSCA takes action against Private Security Sector Provident Fund trustees
The FSCA is taking regulatory action against past and present trustees of the Private Security Sector Provident Fund (PSSPF) after concluding its three-year investigation into the board. In a statement, the FSCA said an independent forensic investigation conducted on behalf of the PSSPF, an on-site inspection by the FSCA, and an investigation by its Enforcement […]
Timeline for implementing NHI is ‘years to decades’, says health department’s deputy D-G
The Department of Health’s timeline for the full implementation of National Health Insurance (NHI) was “years to decades”, Dr Nicholas Crisp, the deputy director general in the department responsible for the implementation of NHI, has said. In an interview with the Bhekisisa Centre for Health Journalism’s Health Beat, Dr Crisp also said there would be […]
Information Regulator establishes Enforcement Committee
For the first time since it was established in 2016, the Information Regulator (IR) will be able to enforce its powers and provide an effective remedy to complainants whose right to privacy and right of access to information have been infringed, IR chairperson Advocate Pansy Tlakula said. Tlakula was speaking at the induction session, held […]
Medicines regulator reports first death in SA linked to Covid vaccine
The South African Health Products Regulatory Authority (Sahpra) has reported a fatal case of Guillain-Barré syndrome (GBS) following vaccination with Johnson & Johnson’s Covid-19 Janssen vaccine. This is the first reported link between the death of an individual and a Covid vaccine in this country. GBS is a rare disorder in which the body’s immune […]
What’s keeping women out of leadership in professional services?
The audit, tax and advisory industry has transformed significantly over the years and gradually the skills pool in this industry has become more diverse. Despite developing the same skills and receiving the same qualifications as their male counterparts, there is still a trend among female professionals to fill traditionally female-orientated roles in commerce. This is […]
Only South Africans and permanent residents may be lawyers, Concourt rules
In a blow to foreign law graduates who have lived, studied and completed articles and pupilage in South Africa, the Constitutional Court has ruled that a section of the Legal Practice Act (LPA) that allows only South Africans or permanent residents to be admitted as lawyers is constitutional. The application was brought by Lesotho and […]
Six charts that show why high food prices aren’t going away
Price moves for some agricultural commodities have been dramatic since Russia invaded Ukraine at the end of February. The chart below shows how prices have jumped, with wheat gaining most. We believe that prices are likely stay around these high levels for the foreseeable future. Demand is set to remain high, while supply will remain […]
Most South Africans satisfied with the advice they received from IFAs
The majority of South Africans who used the services of an independent financial adviser (IFA) have told a survey that they were either “satisfied” or “very satisfied” with the advice they received. This was one of the findings of the FSCA-commissioned 2020 Baseline Survey on Financial Literacy in South Africa. The 235-page report was published […]
FAIS Ombud did not deal with experts’ evidence fairly, says tribunal
Another property syndication determination has been sent back to the FAIS Ombud, with the Financial Services Tribunal (FST) stating that the ombud had, among other things, not dealt fairly with the evidence of expert witnesses who testified in favour of the FSP. Read: Tribunal advises FAIS Ombud on how to reconsider Sharemax determination Read: FAIS […]
Placing Constantia Insurance under curatorship was premature, says Conduit Capital
JSE-listed Conduit Capital Limited believes the Prudential Authority (PA) acted prematurely when it applied for Constantia Insurance Company Limited (CICL) to be placed under curatorship, saying it was in talks with investors about a possible capital injection. The Gauteng High Court placed CICL under provisional curatorship on 26 July after the PA brought an ex […]
