FSCA investigations and enforcement
– New faces and new powers In Afrikaans there is a saying:“nuwe besems vee skoon” – “new brooms sweep clean” which implies that new employees often bring change or renewal to business. Is […]
Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle
The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.
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FAIS Ombud settlements – An added education aid for financial advisers
In a recent media release the Office of the FAIS Ombud shared its commitment to resolve complaints in a procedurally fair, informal, economical and expeditious manner, with reference to what is equitable in […]
FAIS Ombud settlements – An added education aid for financial advisers
In a recent media release the Office of the FAIS Ombud shared its commitment to resolve complaints in a procedurally fair, informal, economical and expeditious manner, with reference to what is equitable in […]
CMS Circular 18 of 2019: Status update on Demarcation Regulations and a Low-Cost Benefit Package
The current exemption of indemnity products that are doing the business of a medical scheme expires on 31 March 2019. Entities that were granted exemption on their indemnity products in 2017, should submit renewal applications, […]
Withdrawal of debarment by FSP – Tribunal consent poses questions
“Unless debarment procedures are fair, reasonable and lawful, decisions taken to debar persons can be, and will be, overturned on technical grounds following an application to the Tribunal to reconsider any such decision”, […]
South African best banks – Digital agility key to success
Forbes recently partnered with market research firm Statista to measure the best banks in nearly two dozen countries, including South Africa. The banks were rated on overall recommendation and satisfaction, as well as […]
High insurance cost of veldfires
– Preventative measures can reduce the spreading and damage to property “Extremely high fire danger conditions are expected over the interior of the Northern Cape, Little and Central Karoo of the Western Cape, […]
Repeat offender Model Insurance – Bad reflection on industry
“En nog is dit het einde niet” – a Dutch saying translated into English as “it is still not the end”. This could be said of the Model Insurance Company, an unlicensed insurer […]
Proposed new FICA regulations – Changes to international and cash transactions
Changes to international and cash transactions National Treasury recently invited public comments on draft regulations on international financial transactions in terms of section 31, and amendment of regulations on cash transaction reporting and […]
Default regulations for retirement funds – Applicable from 1 March 2019
The Minister of Finance issued the Default Regulations with effect from 1 September 2017. The Default Regulations prescribe conditions for default investment portfolios, default preservation and portability, and annuity strategies for funds. All new default […]
Default regulations for retirement funds – Applicable from 1 March 2019
The Minister of Finance issued the Default Regulations with effect from 1 September 2017. The Default Regulations prescribe conditions for default investment portfolios, default preservation and portability, and annuity strategies for funds. All new default […]
Trust in financial services still low – Survey reveals critical factors
Companies in the financial services sector were again the least trusted among industries, according to the latest annual Edelman Trust Barometer, which has been measuring trust in business, NGOs, government and the media […]
Trust in financial services still low – Survey reveals critical factors
Companies in the financial services sector were again the least trusted among industries, according to the latest annual Edelman Trust Barometer, which has been measuring trust in business, NGOs, government and the media […]
AON Cyber Risk Report – Focuses on eight specific risk areas for businesses
Aon, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has released its 2019 Cyber Security Risk Report, which details the greatest cybersecurity threats industries are […]
AON Cyber Risk Report – Focuses on eight specific risk areas for businesses
Aon, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has released its 2019 Cyber Security Risk Report, which details the greatest cybersecurity threats industries are […]
Don’t leave your client in the dark – SAIA advice for your clients
Earlier this month the whole of South Africa was impacted by load shedding. South Africans were scrambling to keep up to date with load shedding phases and schedules to ensure they have gas, […]
