The Medium-Term Budget Policy Statement reveals a budget surplus and reduced wage bill, but it warns of ongoing financial pressures due to modest economic growth projections.
National Treasury tells companies and trusts to submit their beneficial ownership information by the end of November.
From misrepresented investment products to overlooked policy details, the cases show how advisers can better serve clients by providing clear, timely, and relevant information.
Financial advisers warn that even small withdrawals can significantly erode retirement income over time.
The FSP failed to prove the existence of a protectable or that the restraint had been breached.
Bestmed states pending rules for low-cost benefit options have further complicated efforts to reduce costs for members.
First ventures in Mozambique and Zambia are just the beginning, says Fedgroup.
Among other things, the revised Amendment Bill will clarify how funds should calculate seeding when provident fund members choose to join the system.
More than R39m awarded to consumers as complaints settled in their favour increased from 29% to 35% in 2023/24.
Kabelo Gwamanda is accused of conning Soweto residents through his company, Ithemba Lama Afrika, leaving policyholders stranded when the business vanished in 2012.
Having reached the target of 4.5% with ‘little or no cost’, Lesetja Kganyago argues that South Africa can achieve permanently lower inflation and interest rates.
Average inflation is expected to be 5.1% in 2024 and 4.8% in 2025 and 2026, according to the Bureau for Economic Research’s latest inflation expectation survey.
The NFO decided that failing to follow customary mourning rituals did not prevent the recognition of a customary marriage, awarding the claim based on fairness.
The FSCA also reiterates its warning against Donafin, which continues to charge fees for unauthorised financial services.
The planner acted in the client’s best interest, highlighting the importance of clear communication and thorough record-keeping in financial advice.
Key proposed amendments include imposing fines for non-compliance, enhancing the Information Regulator’s authority to issue directives, and introducing search-and-seizure powers.
Stephanus Grobler, who is facing multiple charges including racketeering and fraud, is due to appear in court in February next year.
