Dishonesty and debarment
A recent Financial Sector Tribunal decision raised two very interesting perspectives on when dishonesty should not be used as grounds for debarment. Case number one The debarment was based on a finding that […]
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Interesting trends from the Long-term Ombud annual report
The report highlighted several interesting trends in the difficult year under review. COVID-19-related complaints Credit life complaints Given the impact of COVID-19 and the lockdown on employment and the economy, it is not […]
CIS industry sees record annual inflow over past 12 months
Despite net inflows in the first quarter of this year tapering off from last year’s high levels, the total annual net inflows of R203.83 billion are the highest ever achieved by the local […]
The real future of financial advice
Steven Manning, a friend in Australia (an expat who was a legal adviser while here) recently shared a his views on the situation down under in a series of posts, the last of […]
How do you prove remote jamming?
The annual report from the Ombud for Short-term Insurance (OSTI) always contains very educational case studies. This one sets how the circumstances behind a claim, which was refuted on the grounds that there […]
Invalid driver licence leads to substantial loss
In a country beset by criminal activity, one has to be so alert when verifying documentation. We read regularly about people being convicted for fraud with driving licences, but do employers pay enough […]
Interesting Short term claims trends in 2020
The 2020 annual report from the Office of the Short-term Ombud (OSTI) shows some very interesting trends which developed during the year under review. Reasonable Precautions claims Refuted claims under the “reasonable precautions” […]
Get started on POPIA by registering
It was quite interesting to see a South African regulator take on an international giant like Whatsapp, setting out its terms for implementation of what appeared to be a very highhanded approach to […]
Get started on POPIA by registering
It was quite interesting to see a South African regulator take on an international giant like Whatsapp, setting out its terms for implementation of what appeared to be a very highhanded approach to […]
When death do us part
One has to wonder whether those who are so quick to criticise the industry in isolated cases ever take note of the good news. Not that I am implying that death is good […]
When death do us part
One has to wonder whether those who are so quick to criticise the industry in isolated cases ever take note of the good news. Not that I am implying that death is good […]
Failure to submit report leads to R100 000 penalty
The Financial Sector Conduct Authority (FSCA) imposed an administrative penalty of R100 000 on a division of a leading bank for failing to meet a licence condition. The company was granted a licence […]
Failure to submit report leads to R100 000 penalty
The Financial Sector Conduct Authority (FSCA) imposed an administrative penalty of R100 000 on a division of a leading bank for failing to meet a licence condition. The company was granted a licence […]
Why did MPC keep interest rates unchanged?
The answer is simple. Inflation, according to Thalia Petousis, fund manager at Allan Gray. Last week, the Reserve Bank’s Monetary Policy Committee (MPC) voted unanimously to keep the repo rate unchanged at 3,5%, […]
Wearables for the win
The role technology plays in an individual’s life is rapidly growing and individuals are becoming more dependent on it – from tracking steps to monitoring heart rate are now part of a daily […]
FSTC Webinar for Compliance Officers on B-BBEE Reporting FAQ’s
Part of the mandate of the FSTC is to both drive and measure transformation against the backdrop of the set Financial Sector Code targets. This is done annually through a report which is […]
FSTC Webinar for Compliance Officers on B-BBEE Reporting FAQ’s
Part of the mandate of the FSTC is to both drive and measure transformation against the backdrop of the set Financial Sector Code targets. This is done annually through a report which is […]
