Cryptocurrency ownership in SA below global average
The rate of cryptocurrency adoption is higher in South Africa than in countries such as the United States, the United Kingdom and Germany – if the results of a survey conducted by consumer […]
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.
Misrepresenting reason for dismissal can have dire consequences
Lawyers have drawn attention to a case heard by the Labour Court last year in which the applicant wanted the court to compel his former employer to change the reason his contract was […]
IRBA dismissed complaint against SAA’s Kwinana in 2018
The Independent Regulatory Board for Auditors (IRBA) has confirmed that it dismissed a non-audit complaint against former SAA board member Yakhe Kwinana in 2018, “because a lack of evidence at the time of […]
Top achievers in Wealth Management exams recommend Moonstone
The way Moonstone Business School of Excellence (MBSE) structured and ran the Higher Certificate in Wealth Management (HCWM) made completing the qualification manageable and a pleasure, even while working full time, says Etienne […]
Cyber incidents are companies’ top concern in 2022, says Allianz Risk Barometer
Cyber perils and business interruption are the two biggest concerns of companies around the world this year, according to the latest Allianz Risk Barometer. The 11th annual survey from Allianz Global Corporate & […]
Expired driver’s licence ‘shouldn’t automatically result in claim rejection’
Insurers that belong to the SA Insurance Association (SAIA) should not reject claims solely because a driver’s licence has expired. SAIA was responding to a question about the implications for drivers who are […]
FSCA gives financial institutions a new deadline to update their profiles
The FSCA is now giving licensed financial institutions, including FSPs, until 31 January to verify or update their profile information on the FSCA’s e-portals. The authority issued the request for information in October […]
What are the courts saying about e-signatures?
Tech Talk Legal, a series of free webinars that discuss the impact of technology on lawyers’ interactions with their clients and how legal professionals can use technology to enhance their practice, kick off […]
Tongaat Hulett may take legal action against Deloitte
Sugar producer Tongaat Hulett may take legal action against Deloitte if “engagements” about the role its former auditor played in the “mismanagement of the company” do not result in an amicable settlement. In […]
Collateral damage during state capture should also be explored
Does repaying fees collected under dubious circumstances absolve companies from resultant damage? My article titled A wolf in sheep’s clothing, published last week, concerned the possible danger of involving firms identified in the […]
How advisers can protect against losing assets when wealth is transferred
Financial advisers who work holistically with families to understand better the needs of the principal members and the individual members will be at an advantage when wealth changes hands, says Daryll Welsh, the […]
FSCA wants to know number of personal lines claims in 2021
The FSCA has told all licensed non-life insurers that belong to the Ombudsman for Short-term Insurance (Osti) to provide the authority with the number of personal lines claims reported in the 2021 calendar […]
SA equity market has its best year since 2009
Financial markets were buoyed in 2021 by an easing of Covid-19-related restrictions, an ultra-accommodative monetary and fiscal policy stance and a rebounding jobs market, Momentum’s Herman van Papendorp, the head of investment research […]
SA’s exchange traded product sector grows 22.5% in 2021
The total market capitalisation of the South African exchange traded product (ETP) industry grew to R136 billion at the end of last year, an increase of 22.5% on the R111bn at the end […]
Post Office ‘hid behind’ Sassa beneficiaries to avoid paying retirement fund contributions
The SA Post Office (Sapo) adopted an “opportunistic” and “cynical” approach when, while claiming to be concerned about the rights of social grant beneficiaries and its customers, it infringed the rights of its […]
IT problems continue to plague Master’s offices
The country’s Master’s offices were only able to resume processing inheritances from 15 November last year, when a new finger-print verification server was restored, says Justice and Correctional Services Minister Ronald Lamola. He […]
A wolf in sheep’s clothing?
The release of the first of three publications on the findings of the Zondo commission has certainly put the cat among the pigeons. The last two reports, due for release at the end […]
