Will artificial intelligence replace personal financial advice?
The huge strides being made by developments in this field should be seen as a wake-up call for financial advisers.
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.
Introducing our new columnist Ryk de Klerk
Independent insights into a range of investment-related matters
South Africa is at high risk, but not only on the downside
The country is in a position similar to the one it was in before the apartheid system collapsed.
Time is running out for new accountable institutions to register with the FIC
The amendments to Schedule 1 of Fica mean more individuals and businesses have, by definition, become accountable institutions.
Latest Fica amendments: 5 key takeaways for accountable institutions
New requirements include the identification of ultimate beneficial owners and beefed-up risk management and compliance programmes.
Monday briefing: a round-up of recent financial services news
Ruling on written-off car | Grid failure exclusions | Residential solar CoC | Coronation judgment implications | Grey-listing risk
Sanlam has a plan for SMME employers who want to provide retirement and risk benefits
The minimum contribution depends on whether a member opts for a retirement benefit only or retirement and insured benefits.
Is a basic income grant now ‘baked in’?
The challenge facing Treasury is financing a permanent grant while maintaining a commitment to fiscal consolidation.
Balloting exemption when CIS portfolios are amalgamated now in effect
FSCA says giving investors in a targeted portfolio an opportunity to object will not effectively nullify the exemption.
Sars is clamping down on non-compliant tax advisers
What tax professionals should do if they unintentionally find themselves on the wrong side of Sars.
Don’t stop paying tax, vote for a better government, says Sars commissioner
Edward Kieswetter also shares his views on tax breaks for home electricity generation and a wealth tax.
Why the tribunal didn’t send this debarment decision back to the FSP
FST’s decision reveals a litany of problems with the procedure followed.
BrightRock squashes rumours about ‘hidden reason’ for Sanlam buy-out
BrightRock paid out over a billion rand in claims in 2022, which was more than the total claims paid in its first seven years in the market.
Which medical scheme has the most satisfied members?
Survey compares Bestmed, Bonitas, Discovery, Medihelp and the Government Employees Medical Scheme.
Key individual asks for R500k fine and five-year debarment to be reconsidered
Applicant argues that non-compliance is not a contravention when the law does not provide for a penalty.
Grave concern about increase in senior citizens applying for debt counselling
Instead of making provision for retirement, they are servicing debt.
Disputes with Sars: can you raise new grounds of objection?
Taxpayers should formulate comprehensive grounds of objection and appeal from the beginning of the dispute resolution process.
