Debarment is not optional when a rep is no longer fit and proper
Two recent decisions by the tribunal highlight misconceptions about debarment that need to be dispelled.
Retirement fund arrears rise to R8.33bn despite R1bn in recoveries
Late-payment interest now accounts for almost half of arrears, suggesting unpaid contributions are remaining outstanding for longer.
Momentum Health weighs in on low-cost benefit options
Allowing cheap health insurance will avoid the need to raise additional taxes during the initial phase of NHI.
Amendment enables stronger punishments for ‘serious improper conduct’ by auditors
The Financial Matters Amendment Act introduces stronger sanctions for auditors and significant reforms to pension funds.
Cyber Commissioner Bill advances amid rising threats and attacks
The Cyber Commissioner Bill, recently tabled in Parliament, aims to address an urgent need for the improved protection of personal information and stronger cyber security measures.
Why I (want to) own Bitcoin
It appears that virtually most excesses, including malfeasance and possible manipulation of the Bitcoin market from December 2020 to June 2022, have been dealt with.
The do’s and don’ts of filing your income tax return
Sars is holding thumbs that the problems experienced with auto-assessments last year won’t recur in 2023.
Does AI dream of electric sheep? Magistrate cautions against blind trust in AI-generated content
Fictitious judgments sourced from ChatGPT leave a team of lawyers red-faced, highlighting the potential pitfalls of generative AI and the need for caution.
High Court orders Guardrisk to pay R15m construction guarantee
The construction company’s liquidation was a new trigger entitling NAD to call up payment, notwithstanding an arbitration award.
Breaking the Codi – peace of mind comes at a price
Survey gives insight into what South Africans and their banks may have to pay when the nation’s first deposit insurance body becomes operational.
Impending climate phenomena could derail next year’s prospect of lower interest rates
As higher winter rainfall gives way to a hotter and drier summer, a leading asset manager predicts that El Niño could lead to higher food prices and interest rates, and the potential for social unrest in emerging markets.
Reminder of 31 July deadline to submit a return to the FIC
This applies to some of the persons who became accountable institutions in terms of the amendments to Schedule 1 of Fica.
When will Cofi be served?
The FSCA publishes its updated regulatory agenda for the next three years.
Employer liable for fund member’s reduced withdrawal benefit, says tribunal
FST does not accept submission that the impact of Covid on the markets absolved the employer of liability for the loss.
Don’t get your fingers burned – use accredited solar system installers
A fire at the Vodacom building in Cape Town has prompted insurers and the City of Cape Town to emphasise the importance of using accredited installers.
Deadline for credit providers to renew their registration draws near
Like the regulator’s annual renewal registration process, the National Credit Act is filled with potential pitfalls. MBSE’s online courses help you to master the requirements of the Act.
FSCA publishes policy proposals on Open Finance for comment
The risks associated with data-sharing and data use must be addressed.
CMS must provide BHF with a complete record of decisions on low-cost benefit options
Medical schemes industry body says it did not receive all the documents it requested for its case against the regulator.
