Secondary

Banner: Suitebox – Horizontal

Top SA financial journalists honoured at Sanlam Awards

Investigative journalist, Lindokuhle Xulu of Financial Mail, has scooped the Financial Journalist of the Year award at the Sanlam Awards for Excellence in Financial Journalism which were presented in Johannesburg on Tuesday night. Xulu won for his Moneyweb investigative and analytical coverage of the Wendy Machanik Property Holdings story. In addition to taking top honours, […]

Continue Reading

Thank You

On Monday I was quite touched by my first call of the morning. A candidate in KZN, Bea, asked me for advice on medical problems that she has. It affects both her vision and concentration. Being a sole proprietor, she was seriously concerned about losing her livelihood if she failed the regulatory exams. We solicited […]

Continue Reading

Clarifying a statement…

A comment we made on Monday in the Moonstone Investment Indicators Newsletter (18 June) could be misconstrued. A reader submitted the following query: Reading your article we note that you make the comment that any K/I-Rep. who does not write the regulatory exam, having actually made a booking, will not be “qualified to write again […]

Continue Reading

That sinking feeling

On Saturday, watching both the All Blacks and the Wallabies scrape home in the dying seconds, I was reminded of Jack Nicholson’s comment when he received an Oscar for his performance in “As good as it gets”. You may recall that “Titanic” was the movie which swept the Academy Awards that year. When Nicholson accepted […]

Continue Reading

Soweto

The England rugby squad took time out to visit an orphanage in Soweto. “It was heartbreaking to see their sad little faces with no hope,’ said Sipho, aged six. Unloved and Unwanted I lost my job last night at the Lifeline Crisis Centre. Our most unpopular politician rang to say that he was lying on […]

Continue Reading

Where does FAIS find itself?

Amongst others, the objective of the FAIS Act and subordinate legislation may undoubtedly be summarised as the professionalisation of the financial services industry as well as the protection of financial services consumers. As with many other compliance practitioners, I have been involved with FAIS compliance since that very first fateful day in October 2004. It […]

Continue Reading

FSB letters cause some anxiety

The FSB sent letters to individuals regarding their RE status. Concerned readers contacted us to clarify their positions when they were told that they had not yet registered. Please bear in mind that registrations are done via the examination bodies, not the FSB. The Regulator used information at its disposal at the time, which resulted […]

Continue Reading

Final figures will reveal the facts

With the final date for registration behind us, the industry may soon have a clearer picture of the potential fall-out as a result of people not having written the regulatory exams. Figures released since late last year resulted in a number of questions being asked about its accuracy. This was clearly set out in the […]

Continue Reading

Hearing aid

In a Tottenham church Sunday morning a preacher said: “Anyone with ‘special needs’ who wants to be prayed over, please come forward to the front by the altar.” With that, Leroy got in line, and when it was his turn, the Preacher asked, “Leroy, what do you want me to pray about for you?” Leroy […]

Continue Reading

Exemption from Submission of Audited Financial Statements

Readers may recall that certain categories of FSPs were allowed to apply for exemption from the obligation to submit audited financial statements. The deadline for such applications was 31 May 2012. Bronwen Allan, a Moonstone Compliance Officer, submitted the following enquiry: If an FSP is not sure whether they want to be audited in future, […]

Continue Reading