Decline in number of authorised FSPs
The number of authorised FSPs declined by 1.12% between 2021 and 2022, despite the FSCA approving more FSPs this year, the Authority’s annual report for the year to the end of March shows. […]
FSCA licenses most crypto provider applicants – as enforcement tightens
The rising number of investigations and inspections underline a shift from registration to active supervision.
Finance committee chairperson takes aim at Intellidex report ‘canvassing’ for SA to be grey-listed
The chairperson of the National Assembly’s Standing Committee on Finance (Scof) this week sharply criticised “a section” of the business community for publishing a report suggesting there is an 85% probability that South […]
Changes to Employment Equity Act mean less red tape for small businesses
Amendments to the Employment Equity Act (EEA) will change the definition of a “designated employer” to restrict the application of sections of the Act to a reduced group of employers and relieve some […]
Heads you win, tails I lose
South Africa is a land of stark contrasts, and one of the most visible examples is how legislation is applied differently across various sectors of the economy. The financial services industry is one […]
Sars is falling far short of timeframe for resolving taxpayers’ complaints
Office of the Tax Ombud says it has escalated the matter to the senior leadership of the revenue authority.
Open medical schemes yet to regain beneficiaries lost during lockdown
Lives covered by open schemes declined in 2021 despite the increase in the number of principal members.
Most health facilities aren’t ready for NHI, says Health Ombud
Only one province seems have ‘got its act together’ when it comes to serving the population, Parliament told.
State can’t meet SA’s social and economic needs, says FirstRand’s chairperson
It’s time for the government to admit that collaboration with the private sector is the key to development and growth, says Jardine.
Guidance for accountable institutions on the risks of financing weapons of mass destruction
FIC makes recommendations on the adoption of a risk-based approach to mitigate the risk of proliferation financing.
Research report advises South Africans to prepare for grey-listing
There is an 85% probability that South Africa will be grey-listed by the Financial Action Task Force (FATF) in February next year, mainly because institutions in the criminal justice system were undermined during […]
Amendments could result in companies moving their primary listing, says JSE
The proposed “beneficial owner” disclosure and reporting requirements for listed companies could result in companies moving their primary listing from South Africa to other jurisdictions, the JSE has told the National Assembly’s Standing […]
New deadline to comment on anti-grey-listing bill
The National Assembly’s Standing Committee on Finance (Scof) has extended to 25 October the deadline for submitting comments on the omnibus bill aimed at preventing South Africa’s grey-listing next year. On Tuesday, the […]
Time is against South Africa to avoid grey-listing
If South Africa does escape being grey-listed next year, it will be by the skin of our teeth. Time is not on the country’s side when one considers the work that must be […]
Beneficial ownership information must be available to the public, says Cosatu
The Congress of South African Trade Unions (Cosatu) has called for information about the beneficial ownership of companies to be made publicly available. Cosatu and one of its affiliates, the Southern African Clothing […]
Non-profit organisations caught between a rock and a hard place
The Department of Social Security is not equipped to deal with the registration of every non-profit organisation (NPO) in the country, while the failure of NPOs to register will have dire consequences for […]
Sanlam seeks controlling stake in AfroCentric
Sanlam announced this week that it has submitted a letter to the board of AfroCentric Investment Corporation Limited (AfroCentric), expressing Sanlam’s intention to acquire AfroCentric shares that would result in Sanlam acquiring a […]
What assembling my son’s trampoline taught me about financial planning
Gavin Smith CFP® has been a financial planner for 10 years. But a recent experience with a mail-order trampoline was something of a Eureka moment for him. My wife and I became parents […]
