Survey unpacks corporate taxpayers’ perceptions of Sars’s service
The results indicate an improvement in the level of service since 2018, but many taxpayers say it has become harder to comply with their obligations.
Industry News
FAIS Ombud thanks FSPs for their co-operation to resolve disputes
The Ombud aims to issue determinations only as a last resort.
Financial services group highlights the role of the private sector for NHI to work
Adrian Gore says private sector funding is essential to maintain the quality of the healthcare system.
Discovery Health will seek contempt order against the RAF and its CEO
The administrator says the Fund has not complied with the Constitutional Court’s ruling handed down last month.
Transnet Retirement Fund interdicted from paying R8.9m in benefits to former executives
They are accused of inflating the price of disposable breathalyser straws from 29 cents to R29.99 a straw, resulting in a payment of R33.8m.
OUTsurance agrees to sell investment platform to Alexforbes
OUTsurance indicated earlier this year it was considering selling OUTvest, which has not met growth expectations.
‘Proposal to end medical tax credits will reduce disposable income’
A family of four will lose R14 640 a year, says Tax Consulting SA.
Axiam is preparing to take legal action against Craig Warriner
The specialist fund manager says Warriner was not authorised to initiate or conclude any investment mandates on the company’s behalf.
Road Accident Fund ordered to compensate widow in suicide-related appeal case
The High Court found there was a clear causal connection between the injuries and the sequelae suffered by the deceased and his suicide.
Clientèle to buy 1Life Insurance in R1.9 billion transaction
The merger will create a combined embedded value of about R7.8 billion, and the insurers have 1.5 million active policies.
Complaints lodged against BHI Trust date back six years
A formal FSCA investigation into BHI Trust in 2020 found that several financial sector laws had been contravened.
Financial Intelligence Centre ‘freezes’ BHI Trust bank account
The court-appointed joint provisional trustees of BHI Trust are urging investors and creditors to submit their claim forms timeously.
Insurer ordered to pay R16 million claim for stolen masks
The High Court rejects Compass’s submissions that the insured made a material misrepresentation and breached a warranty.
Sasfin fires employees implicated in money-laundering investigation
The South African Reserve Bank intends to impose sanctions for alleged contraventions of FICA, the Exchange Control Regulations, and the Banks Act.
Fraudsters impersonating INN8 Invest on WhatsApp
Legitimate fund managers do not promise to double your money in 24 hours.
BHI Trust: the walls start tumbling down
The FSCA says its investigation into BHI Trust will include regulated entities that may have promoted the collective investment scheme’s products.
Ex-fund manager found guilty of fraud for manipulating dollar/rand exchange rate
The prosecution’s case is that SA-born Neil Phillips engaged in a flurry of trades in the early hours of 26 December 2017 to force the rand below 12.50 to the dollar.
