Treasury moves to end ‘double dipping’ the TFSA and retirement fund tax exemptions
An anomaly in the Act results in the creation of two years of assessment during a single 12-month period when an individual ceases to be a tax resident.
FAIS Ombud highlights need for follow-up when a policy changes materially
Determination says a ‘reasonable broker’ would supplement a bulk email with an email or phone call to ensure the client is aware of new conditions.
Prison term of 15 years sends strong warning on tax fraud
Sentencing of business owner highlights Sars’s determination to combat tax fraud and non-compliance.
Why a longer investment time horizon matters
Underestimating your investment time horizon often results in your being too risk averse with what should be viewed as long-term investments.
Constitutional Court overturns ‘deeply disturbing’ retirement fund rule judgment
The decision clarifies the application of an amended rule to the calculation of a withdrawal benefit that accrued before the amendment was approved and registered.
Before going solar: what you need to know when choosing installers and equipment
Homeowners are urged to be diligent in their decision-making amid a ‘rise in unqualified and inexperienced’ solar installers.
Become a human firewall – defend yourself against rising cybersecurity threats
A report on global email security projects a staggering $8 trillion cost due to cybercrime. Amid these escalating threats, an unexpected factor emerges: human error.
Some insights on insuring solar panels against theft
What happens if the replacement panel is not compatible with the rest of the system?
‘Unacceptable’ delay in prosecuting hedge fund manager, judge says
Evercrest Capital collapsed 16 years ago after it incurred a huge loss trying to short Sanlam’s shares.
OUTsurance expects Australian operations to boost profits
A trading update also says the group is considering what to do with OUTvest, which may include selling it.
FSCA’s cautions and warnings to the investing public
Use the online search facility on the Authority’s website before conducting financial services business with anyone.
South African banks are not the culprits as portrayed
The banking sector is one of the few pillars standing in a country that is effectively under business rescue after imploding from state capture.
Significant Santam legal victory in dispute over vehicle storage costs
The insurer was entitled to provide security for the disputed balance of the storage costs to have the motor vehicle released and stop incurring further charges.
Director’s passport blocked amid efforts to recover Classic’s assets
Claim documents have been sent to creditors as the provisional liquidators take steps to recover assets and secure funds held in the name of Classic Financial Services One.
‘Barbie mania’ puts investors in the pink
From the pink-clad world of Barbie to the dazzling lights of music tours, the impact of pop culture phenomena on the global financial markets is shaping investors’ decisions.
Tribunal rejects debarred FNB representative’s ‘prevailing practice’ defence
No evidence that staff were instructed to verify prospective clients’ addresses using blank letters provided by the municipality, FST finds.
Nowhere to hide as Sars ramps up its use of smart tools
Sars is employing artificial intelligence and data analysis to detect tax fraud and improve efficiency in assessing taxpayers.
Proceed carefully: damages resulting from scams are not covered
An insurance provider advises caution following a surge in the trade in counterfeit luxury goods.
