
Thursday briefing: a round-up of recent financial services news
SA unit trust returns | Flood claims | Santam profits warning | Insuretech raises $17m | Sanlam-AfroCentric deal | Business account fees.
SCOPA says the RAF 1 form may have kept claims out of the system, leaving the Fund exposed to a wave of unrecognised liabilities if it is set aside.

SA unit trust returns | Flood claims | Santam profits warning | Insuretech raises $17m | Sanlam-AfroCentric deal | Business account fees.

As with the similar section 12J investment incentive schemes, the barrier to entry is high.

FSCA has taken steps after considering the statutory manager’s report.

Following ‘prolonged non-compliance’ with the liquidity and capital adequacy requirements.

Labour Appeal Court rules that Standard Bank branch manager must be reinstated.

The huge strides being made by developments in this field should be seen as a wake-up call for financial advisers.

Independent insights into a range of investment-related matters

The country is in a position similar to the one it was in before the apartheid system collapsed.

The amendments to Schedule 1 of Fica mean more individuals and businesses have, by definition, become accountable institutions.

New requirements include the identification of ultimate beneficial owners and beefed-up risk management and compliance programmes.

Ruling on written-off car | Grid failure exclusions | Residential solar CoC | Coronation judgment implications | Grey-listing risk

The minimum contribution depends on whether a member opts for a retirement benefit only or retirement and insured benefits.

The challenge facing Treasury is financing a permanent grant while maintaining a commitment to fiscal consolidation.

FSCA says giving investors in a targeted portfolio an opportunity to object will not effectively nullify the exemption.

What tax professionals should do if they unintentionally find themselves on the wrong side of Sars.

Edward Kieswetter also shares his views on tax breaks for home electricity generation and a wealth tax.

FST’s decision reveals a litany of problems with the procedure followed.