Healthcare in South Africa
The eighth edition of Healthcare in South Africa by Liz Still is now available. The focus of the 2014 edition is the regulatory environment and the current profile of the private health sector […]
Industry News
Draft Tax Law Amendments
There will be in a delay in the implementation of preservation reforms, including the increase in the contribution cap to 27.5% announced earlier, as well as the simplification of contributions between the different […]
Collusive Conduct in Automotive Industry
A media release by the Competition Commission on 13 October states that it has launched investigations into “…price fixing, market division and collusive tendering in the market for the manufacture and supply of automotive […]
FSB Press Release – Sep 2014
The Financial Services Board (FSB) warns the public to refrain from conducting any financial services business or investing funds with Discount Mart Cleaning Services CC trading as DMC Holdings (DMC) and/or Mr Abdool […]
Enforcement Committee Order Against Representative
The importance of the legal requirement to only conduct business with a duly authorised financial services provider was painfully underlined in the latest order by the Enforcement Committee (EC), when the respondent, a […]
In (not so) Full and Final Settlement
Have you ever wondered why this disclaimer is contained in every claims settlement letter? The latest newsletter from the Long-term Ombud contains details of why merely stating “In full and final settlement” is […]
Retail Distribution Review Update
An article in Business Day last week provided an update on the long-awaited white paper on the Retail Distribution Review (RDR), which appears to be due any day now. Caroline da Silva, DEO […]
Pickvest Appeals to High Court
Last week was not a good one for the two most prominent property syndications in the country. We reported elsewhere about the woes of Sharemax, and now Picvest also made the headlines. This […]
Retirement Provision Concerns
In an address to parliament on 4 September, the Minister of Finance expressed concern over the number of people resigning to get their hands on money in their pension and provident funds. The matter […]
TCF Name Change
SAIA notes in its August newsletter that the Treating Customers Fairly (TCF) Department will cease to exist. It will, in future, form part of the Market Conduct Strategy Unit. This is in line […]
Levy Deadline for Rep Register
The FSB and FAIS Ombud levies are calculated on the status of your FSP as at 31 August every year. Any changes to the rep register must be conveyed to the FSB within 15 days. […]
Appeal against Debarment not Upheld
Details of appeals against decisions by the FSB’s Enforcement Committee provide very interesting insight into the practical application of legislation affecting most of our subscribers. What makes it even more interesting is that […]
Carelessness can be Costly
The latest determination by the FAIS Ombud provides clear evidence that the moving of an insurance book is not merely a routine admin matter which can be left in the hands of others. […]
Are Agencies Over-Rated?
Barbara Kiviat*, a former Time staff writer, noted in an article last year on the global financial crisis that the jury is still out on what exactly happened, and who is to blame, […]
Registrar authorises portfolios to ‘side pocket’ ABIL debt
The Registrar of Collective Investment Schemes (CIS) will allow CIS managers to create new funds, known as “side pockets”, to host African Bank Investment Limited (ABIL)’s debt instruments. The move seeks to assist […]
National Credit Act Training
A recent article posted on Bizcommunity provided a summary of the amendments to the National Credit Act which was published on 19 May 2014. The amendments aim to provide added protection for consumers, […]
New Battle Lines Drawn in Demarcation Debate
The invitation to respond to the proposed demarcation regulations on healthcare products elicited 461 responses, according to Business Day. The proposals may be unconstitutional, and is likely to be challenged in court. If […]
