Trusts are facing a multitude of new reporting requirements
Trustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
Does the exchange rate really matter when investing offshore for the longer term?
Many South African investors are obsessed with the exchange rate when making an offshore investment. Here’s why it’s less of a factor than you think.
South Africans want ‘the rich’ to pay more tax, survey finds
In a country where only about 12% of the population is carrying the personal income tax burden, who exactly are ‘the rich’?
Two-pot retirement system: what are the four key issues still to be resolved?
There is still considerable uncertainty regarding what must to be implemented by the retirement industry.
Truffle Asset Management wins big at the Morningstar awards
Takes one of the two fund house awards, and the funds it manages won in three of the seven fund categories.
Sars launches service channel for taxpayers who aren’t connected to the internet
The Unstructured Supplementary Service Data feature is free of charge.
Monday briefing: a round-up of recent financial services news
Tax Freedom Day on 14 May | Health Squared liquidator appointed
Big R, credit crunch: REITs are not recession-proof investments
The negative market sentiment towards US REITs will rub off on REITs globally and specifically on global REITs indexes.
What can the UK teach SA about adviser firm consolidations and acquisitions?
There is an increasing focus on consolidation in the financial advice industry to manage challenges around succession and retirement.
Last chance to register for Regulatory Update Workshop 2023
You have until Friday to book for this essential webinar that unpacks the legislative developments affecting your business.
MBSE has an online solution for your CPD needs
Our CPD subscription packages are ideal for corporate FSPs that want to ensure their KIs and reps comply with the required CPD hours.
New accountable institutions face hefty fines for failing to register with FIC
Centre urges new accountable institutions to register, even if they missed the deadline, to avoid non-compliance with Fica.
High Court provides guidance on BI claims by multiple policyholders under one policy
AIG rejected claims by aviation companies whose operations at different premises were impacted by the lockdown and Covid-19.
Business under-insurance is on the rise, especially among SMEs
Insureds don’t always keep pace with the impact of volatility and changes in their operating environment.
Ex-employees implicated in MyMo accounts scandal take debarments to the tribunal
Former Standard Bank staff contend that the FAIS Act did not apply to their debarment and conduct.
Premium growth, Australian business boost OUTsurance’s interim results
Personal lines claims ratio in SA increases because of rise in property-related claims and vehicle thefts.
What requirements must an employer satisfy for retirement benefits to be withheld?
Court clarifies the grounds on which an employer may interdict a retirement fund from paying out a benefit.
