Costly FICA Transgression
The latest Enforcement Committee order, against a stockbroking firm, should act as a warning to all financial services providers to ensure that they comply with the requirements of the Financial Intelligence Centre Act […]
High Court orders insurer to reconsider unfair debarment carried out in 2016
The applicant only became aware in May last year that the decision to debar her constituted administrative action.
Read more
Contradictory Interpretations
The latest issue of the Short-term “Ombudsman’s Briefcase” contains an interesting case which highlights again the difficulty of complying with varying interpretations by overseeing bodies. We recently commented on two FAIS Ombud determinations […]
South Africa’s ‘Strawberry Statement’
This past week, tens of thousands of mainly young South African university students protested against proposed fee increases next year. Their actions under the #FeesMustFall banner signalled the beginning of a protest movement […]
Amended RE Terms and Conditions
The FSB just released a document containing amended terms and conditions applicable to the Regulatory Exams. It clarifies several issues with which candidates experienced problems in the past and is applicable with immediate […]
Compliance Considerations
Are you, as an experienced financial services provider, equally well equipped to manage the challenges confronting your business? The constant raft of regulatory changes necessitates a professional research and development function in even […]
Can this Springbok squad pull off another 1995?
Many people regard the 2015 RWC as the finest tournament ever, a sentiment I fully endorse. Thus far, 257 tries were scored, versus 201 penalties, which explain the positive sentiment. A total of […]
Is an employee settlement agreement bulletproof?
This article is made available with the kind permission of Miller’s Incorporated. “My business recently had to pursue disciplinary action against an employee. This was a difficult decision and process but we eventually […]
Social Security Reform Discussion Paper
A draft response document to comments received from stakeholders and members of the public on this year’s proposed taxation laws and tax administration laws amendment Bills was published on 15 October 2015 by National Treasury […]
Industry Opportunities and Challenges
Earlier this year, Insight Discovery, a Middle East based strategic research company, in conjunction with Moonstone Information Refinery, conducted the first South African Investment Panorama survey. The purpose of the exercise was to […]
Zimbabwe making progress on external debt but struggling with deflation
Finance Minister Patrick Chinamasa is telling everyone who wants to listen that his visit to Peru last week was a success and that Zimbabwe will have its external debt arrears cleared by April […]
Moonstone Protector Compliance Service
The dilemma facing financial services practices who are not obliged to appoint a compliance officer were highlighted recently by a rather frantic call from a one-person FSP after being informed by the FSB […]
Appeal Board Decision
It is not often that a determination by the FSB Appeal Board reveals some of the sad human realities of our society. The Appellant was debarred for two years for submitting false applications. […]
Lessons from Overseas
It is good to know that most local authorities follow developments overseas very carefully while transforming the industry, and consult widely. Three recent reports from Australia are of importance to the local industry. […]
Nowhere to Hide
The team announcement actually came as a relief after much speculation during the week, particularly regarding the inclusion of Victor Matfield and Jannie du Plessis. 15 Willie le Roux, 14 JP Pietersen, 13 […]
Ibrahim Index indicates cause for concern, not panic
The Ibrahim Index of African Governance (IIAG), released on Monday, October 5, found that governance in Africa overall had made little or no progress since 2011. It is a wake-up call, but also […]
Trusts and Divorce
This article is made available with the kind permission of Miller’s Incorporated. With estate planning becoming more sophisticated, more and more trusts are being established. Simultaneously, divorces are increasing by around 8.6% per […]
