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Direct marketers face Heavy Fines

The days of unsolicited SMSs, endless calls and annoying e-mails from direct marketing companies trying to sell unwanted products are numbered, says a Saturday Star report. Direct marketing companies that use your personal information, such as contact details, without your consent, face harsh penalties, which include imprisonment or hefty fines of up to R10m, and […]

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National Women's Day

From Wikipedia: National Women’s Day is an annual public holiday in South Africa on 9 August. This commemorates the national march of women on this day in 1956 to petition against legislation that required African persons to carry the “pass”, special identification documents which curtailed an African’s freedom of movement during the apartheid era. On […]

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Intent, Injuries and KP

Bobby Londt reports: The 2nd test ended in a draw, but as draws go, this was one of the more lively ones seen in recent years. Credit must go to both captains for positive decisions to make something out of the last session. The game could quite easily have petered out in a bore but […]

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Alviro and Kevin entertain

Bobby Londt reports: Sublime batting has been the topic of most conversations at the second test. Two centuries, to be exact – one by our own Alviro Peterson and the other by their Kevin Pietersen. Both were remarkable achievements as both were under some pressure to deliver. Kevin rated his ton as in the top […]

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Women’s Day Special

No doubt there are some jokes one cannot share on this special day. As part of our educational drive, I will publish some stories to show what is not acceptable. Marital Bliss My wife was screaming at me: “Leave!! Get out of this house!” she ordered. As I was walking out the door she yelled, […]

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Client Mandates

FAIS information circular 4 of 2012, published on 12 April 2012, contains information on bulk client transfers and the re-signing of client mandates. Most of the information below is copied directly from the circular for the benefit of those who may have missed it. Changes to the legal structure of your business, or the buying […]

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FAIS Act under Threat?

An extremely important court case, which could have severe implications for the FAIS Act, is currently under way in Pretoria. At stake is the FAIS Ombud’s jurisdiction to make determinations about investments in property syndications. Deeb Risk, who was ordered by the Ombud to repay in excess of R2 million to clients whose funds were […]

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NewGold Exchange Traded Fund (ETF)

Mike Brown, Managing Director, etfSA.co.za The NewGold ETF (GLD) issued by Absa Capital, is the most successful South African ETF measured by size. First listed on the JSE in November 2004, it now has 137 million shares in issue with a market capitalisation of over R18 billion. The next biggest ETF is Satrix 40, with […]

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You be the Judge II

This article in Thursday’s Moonstone Monitor elicited the biggest response in years. Many readers shared their views, and no doubt, their preparation for the regulatory exams was very evident. Thanks for all your input. I asked Paul Rabenowitz, FAIS expert at Lightbulb Learning, for his views. To refresh your memory: we posted this question from […]

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The gifted Horse

A group of Grade 3, 4 and 5 pupils, accompanied by two female teachers, went on a field trip to the Greyville Racecourse, to learn about thoroughbred race horses and the supporting industry, but mostly to see the horses. When it was time to take the children to the ‘bathroom’, it was decided that the […]

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