NCA matters – Magistrate court has jurisdiction
Towards the end of last year, a judgment by the Grahamstown High Court made it unlawful for banks to bring National Credit Act matters before the high court instead of the much cheaper […]
Ithala pulled back from the edge, but its future remains in doubt
The Prudential Authority has withdrawn its liquidation bid after progress on depositor repayments, but Ithala is still unlicensed and cannot resume deposit-taking.
Consumer finances – Index shows top earners turn to borrowing to supplement income
The quarterly debt index from DebtBusters shows that even before the lockdown South Africans were facing increased financial strain, taking on more debt to supplement incomes that had declined in real terms because […]
Joint Standard 2 of 2020 – Margin Requirements for non-centrally cleared OTC derivative transactions
The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA), acting with the concurrence of the South African Reserve Bank, recently published a Joint Standard which prescribes margin requirements for non-centrally cleared […]
Joint Standard for significant owners – Fit and proper criteria explained
The Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA) published Joint Standard 1 of 2020 earlier this week. The communication focuses on fitness, propriety and other matters relating to significant owners, in […]
Joint Standard for significant owners – Fit and proper criteria explained
The Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA) published Joint Standard 1 of 2020 earlier this week. The communication focuses on fitness, propriety and other matters relating to significant owners, in […]
Administrative FSP – Who is responsible for Customer Due Diligence?
The Financial Intelligence Centre Act 2002, as amended (FIC Act) places an obligation on all accountable institutions (AIs) to perform CDD on prospective clients entering into a single transaction with the AI, or […]
Temporary living annuity drawdown flexibility – Industry’s responses
National Treasury recently announced a relief measure that will result in individuals who receive funds from a living annuity being allowed to either increase (up to a maximum of 20 percent from 17.5 […]
Temporary living annuity drawdown flexibility – Industry’s responses
National Treasury recently announced a relief measure that will result in individuals who receive funds from a living annuity being allowed to either increase (up to a maximum of 20 percent from 17.5 […]
Maturity value illustrations – Tribunal re-emphasises need for consumer education
The contentious issue of projections at point of sale versus actual maturity values came to the fore again in a recent Tribunal ruling on whether the Pension Fund Adjudicator was correct in agreeing […]
Maturity value illustrations – Tribunal re-emphasises need for consumer education
The contentious issue of projections at point of sale versus actual maturity values came to the fore again in a recent Tribunal ruling on whether the Pension Fund Adjudicator was correct in agreeing […]
Claim settlement options – OSTI case study clarifies indemnification criteria
In a case study shared in the recently published OSTI annual report, the issue to be determined was whether the insurer’s offer of settlement amounted to indemnification on the part of the insurer. […]
Claim settlement options – OSTI case study clarifies indemnification criteria
In a case study shared in the recently published OSTI annual report, the issue to be determined was whether the insurer’s offer of settlement amounted to indemnification on the part of the insurer. […]
Business Interruption claims – ST Ombud outlines its position
In the wake of what appears to be a substantial number of complaints regarding loss of income due to business interruption as a result of Covid-19, the Office of the Short-Term Ombud has […]
Business Interruption claims – ST Ombud outlines its position
In the wake of what appears to be a substantial number of complaints regarding loss of income due to business interruption as a result of Covid-19, the Office of the Short-Term Ombud has […]
Mindfulness – a way of dealing with the heightened anxiety of current times
In January 2020, the World Health Organisation confirmed that the coronavirus is a public health emergency of international concern. Not only the daunting health implications of the virus, but also the physical restrictions […]
Mindfulness – a way of dealing with the heightened anxiety of current times
In January 2020, the World Health Organisation confirmed that the coronavirus is a public health emergency of international concern. Not only the daunting health implications of the virus, but also the physical restrictions […]
The new norm of video calls – 14 tips to set yourself and others at ease
Video calls and video conferences are now a part of our everyday life. Although it is not the same as meeting your client or colleague face-to-face, it is the best we can do […]
