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.
The Prudential Authority (PA) is seeking to remove Yashoda Ram as the provisional curator of 3Sixty Life on the grounds that her qualifications were misrepresented in the PA’s original interim curatorship application. Ram […]
The FSCA has published a notice that clarifies the costs that can be deducted from a collective investment scheme portfolio, apart from those provided for in section 93(1) of the Collective Investment Schemes […]
There were many requests for a follow-up webinar following the first Tech Talk Legal open forum on the issues surrounding commissioning affidavits over video. Therefore, the next free Tech Talk Legal webinar, on […]
Minister of Finance Enoch Godongwana will deliver his maiden Budget speech on Wednesday. After almost two years since South Africa declared a State of Disaster in light of the Covid-19 pandemic, the economic […]
The latest move by the South African Revenue Service (Sars) to require the withholding of PAYE from annuity payments at an “effective tax rate” as required in directives issued to payers of annuities […]
It seems the courts will have to settle another dispute over the interpretation of business interruption (BI) policies – this time involving the property sector. According to a report in the Sunday Times, […]
You can claim back up to 20% of your Skills Development Levy (SDL) simply by submitting an Annual Training Report (ATR) and Workplace Skills Plan (WSP) to the Seta with which your business […]
The draft conduct standard on the “Requirements related to the payment of pension fund contributions”, which will replace Regulation 33 of the Pension Funds Act (PFA), was submitted to Parliament in December last […]
Events over the past year, both locally and internationally, have shifted the focus on a number of material terms and conditions in policy documents. Pre- and post-Covid A media release published in November […]
There will be dire consequences for the economy if South Africa’s measures to combat money laundering and terrorism financing are not brought up to international standards this year, the Financial Intelligence Centre (FIC) […]
With the end of the tax year fast approaching, investors who haven’t already done so should be considering making use of their R36 000 annual contribution to a tax-free savings account (TFSA). Jaco van […]
A tax-free savings account (TFSA) can help retirement fund members who bought living annuities to reduce their marginal tax rate, hence maximising their after-tax income, says Paul Hutchinson, a sales manager in Ninety […]
The MSCI World Index had its worst start to the year since 2016, falling 5.3% month-on-month, as concerns over spiralling inflation and higher interest rates, and the tensions between Russia and Nato over […]
Insurers that issue primary health insurance policies have been given another reprieve after the Council for Medical Schemes (CMS) extended the exemption for another two years, from 1 April 2022 to 31 March […]
An internal investigation by the Independent Regulatory Board for Auditors (Irba) uncovered irregular expenditure of almost R11 million, which arose from the regulator’s difficulty in complying with the procurement process when sourcing investigative […]
Towards the end of last year, the news broke that Binance, the world’s largest international cryptocurrency exchange by volume, had withdrawn their application for a licence to operate a crypto exchange in Singapore […]
The annual costs to fund the Corporation for Deposit Insurance (CoDI) and the Deposit Insurance Fund (DIF) will work out to R14 per qualifying depositor, National Treasury told Parliament’s Standing Committee on Finance […]
