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FSPs face paying regulators much higher levies
FSPs will pay significantly higher levies if the Financial Sector and Deposit Insurance Levies Bill is passed into ...
MBSE will match any quoted fee and give you a R250 cashback
Moonstone Business School of Excellence (MBSE) provides top-quality education at affordable prices, and we’re so confident that our fees are competitive that we’re offering to match any quoted price and give you R250 in cash. If you present MBSE with a written quotation from another institution that beats our price, MBSE will not only match […]
Dismissal for refusing to be vaccinated is fair, says CCMA
The Commission for Conciliation, Mediation and Arbitration (CCMA) decided this month that the dismissal of an employee who refused to be vaccinated was substantively fair. Daniel van der Merwe, the Eastern Cape manager of the Consolidated Employers Organisation, says the CCMA’s decision and the commissioner’s reasoning provide employers with an indication of how the CCMA […]
Support from MBSE helps top students reach their goals
The top achievers in the 2021 exams for the Advanced Certificate in Financial Planning (ACFP) say the support they received from Moonstone Business School of Excellence’s lecturers helped them complete the qualification. Click here to find out more about the Advanced Certificate in Financial Planning or to apply. MBSE is running a price-match and cashback […]
FAIS Ombud is moving to new premises
The Office of the Ombud for Financial Services Providers is relocating from its Erasmuskloof offices to new premises in Menlyn Central, Pretoria. The FAIS Ombud said in a statement that the move is necessary because the current lease has expired. The new premises, at 125 Dallas Avenue Waterkloof Glen, Pretoria, “come with many benefits”, according […]
Ombud calls adviser’s conduct ‘morally reprehensible’
How does one justify placing an 80-year-old Alzheimer sufferer’s funds in a syndication scheme that is being investigated by the South African Reserve Bank? A recent determination by the FAIS Ombud revealed details of yet another syndication investment that resulted in tragedy. The investor was 80 years old when the broker advised her to invest […]
How many rate hikes will we see this year?
By how much will inflation increase this year and, more importantly, how many rate hikes will we see as a result? Thursday’s meeting of the Monetary Policy Committee (MPC) may shed more light on the matter, but in the meantime, market analysts and commentators have weighed in. In a presentation last week, Nedbank Corporate and […]
Popular regulatory update workshop for FSPs in February
Moonstone Compliance, in conjunction with Moonstone Business School of Excellence, will host its popular annual regulatory update workshop on Thursday, 24 February. This year, the workshop will be hosted as a webinar. It will run from 9am to midday. Although it may seem that regulatory changes have been stagnant during the lockdown, this is not […]
Cryptocurrency ownership in SA below global average
The rate of cryptocurrency adoption is higher in South Africa than in countries such as the United States, the United Kingdom and Germany – if the results of a survey conducted by consumer website Finder.com are accurate. Finder’s Cryptocurrency Adoption Index measures the growth of cryptocurrencies through an ongoing survey of internet users in 27 […]
Misrepresenting reason for dismissal can have dire consequences
Lawyers have drawn attention to a case heard by the Labour Court last year in which the applicant wanted the court to compel his former employer to change the reason his contract was terminated to “retrenchment”. Why? So that he could claim from the Unemployment Insurance Fund and his insurance policy. Effecting this change would […]
IRBA dismissed complaint against SAA’s Kwinana in 2018
The Independent Regulatory Board for Auditors (IRBA) has confirmed that it dismissed a non-audit complaint against former SAA board member Yakhe Kwinana in 2018, “because a lack of evidence at the time of the investigation made it unlikely that the complaint would succeed”. According to the first report published by the Judicial Commission of Inquiry […]
