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.
Appeals Board ruling puts Centriq–Dis-Chem partnership on the line
In Circular 48, the CMS signals tougher enforcement against exempted insurers, warning that non-compliant branding and failure to notify regulators will attract decisive action.
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.
‘Sensible ruling’ on the cession of a loan account to a special trust
Binding Private Ruling addresses the donations tax and CGT consequences resulting from the beneficiary of a special trust ceding his loan account against the trust to that trust.
Why the FAIS Ombud is closing its files on property syndication complaints
Adjudication of the complaints requires hearings, which are more conducive to a court of law, the Ombud says.
Criminal investigation into Classic Financial Services and its director gets under way
Investors in Classic Financial Services have been told to wait before filing any further applications for the exclusion of their interest in preserved funds following its liquidation.
Insurers and their clients count the cost of extreme weather
The insurance industry faces the challenge of striking a balance between affordability for clients and ensuring long-term sustainability amid the changing risk landscape.
Triple the rewards with MBSE’s Occupational Certificate: Compliance Officer
Companies offering MBSE’s Occupational Certificate: Compliance Officer training as a learnership can qualify for tax rebates, earn B-BBEE points, and apply for discretionary grants.
Doctors’ organisation urges NCOP not to pass NHI Bill
Communities sceptical about the government’s assurances that NHI will provide better health care, Sama says.
PSG Wealth buys IFA business to enhance its advisory capacity
It says many similar transactions will follow the acquisition of Progressive Wealth.
Sars publishes final provisions for diesel refund for food manufacturers
The most notable are changes to the definition of ‘foodstuffs’, as well as the requirements for applying for registration and claiming refunds.
PA publishes draft amendments to the commercial paper exemption notice
One of the proposals is to reduce the term structure of commercial paper issuances.
PA and Sarb apply for the final liquidation of Habib Overseas Bank
The curator finds there are no reasonable prospects that the bank can be rehabilitated as a going concern.
Here are your options if you owe Sars money
Choosing the wrong one could close the door to the dispute resolution process.
