FICA and your FSB Licence
I recently spoke to a broker in the North-West Province who only conducts short-term business, but is also licenced for several other categories. This is quite common – many of those who applied […]
ConCourt judgment in Capitec vs SARS clarifies important VAT principles
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
Read moreReal Restitution
In the space of the last eight weeks we saw seven determinations against one FSP, and it is likely that there is more to come. The total in fines meted out by the […]
The Moonstone Getwine Rugby Championship Challenge
The Moonstone/Getwine Rugby Championship Challenge Our Superbru pool already boasts 68 members, so if you are keen to join, please do so today, as we will limit the group to 100. The competition […]
Swaziland – Off with their heads… justice, Swazi style
The conviction and sentencing of two Swazi activists was a done deal before they walked into court on charges of contempt. However worrying the conviction of journalist Bheki Makhubu and human rights lawyer […]
Qualifications Deadline
A representative appointed after 1 January 2010 for the first time, and for the specified sub-categories, is required to have an approved qualification as part of the fit and proper requirements. If he does not, […]
Gap Cover – the Real Facts
The negative implications contained in the demarcation proposals on health cover products was clearly outlined in an article by Adri van Zyl in Die Burger on 6 August 2014 titled Versekeraars is op hol. The […]
If you haven’t got wine – GETWINE
This happens to be the slogan of our sponsor for the Moonstone/GETWINE Rugby Championship competition, which will obviously focus on the major rugby event of 2014. The competition takes place over six weekends, […]
Mental conditioning
An important part of your preparation for writing the regulatory examinations concerns your mental approach. I came across an interview in Moneyweb with Paddy Upton, who plays an important role in the preparation […]
A Regulatory Paradigm Shift
The FSB has a new approach to regulation, in line with its additional obligations under Twin Peaks. Mr Jonathan Dixon, Deputy Executive Officer: Insurance at the FSB, reiterated the Regulator’s stance as late […]
The End of an Era
Bobby Londt To describe King Kallis’s career in a blog would not be possible, nor would it do justice to a career that ranks up there with the best. For this reason, this […]
Africa – Washington’s Africa Summit needs economic and trade clarity
The US agenda driving this week’s Africa Summit in Washington, where some 50 African states will be represented, remains something of a mystery. Africa’s agenda, by contrast, should be clear – economic ties […]
Debarments Contested in Court
The headache around the lack of proper procedure by FSPs when debarring representatives appears to be continuing, despite clear guidelines from the Regulator. In the FSB’s first quarterly bulletin of 2014, the problem […]
Springbok Squad for Rugby Championship
The announcement of the squad was delayed to this coming Saturday as a result of the Sharks making the semi-finals. One suspects that the ultimate list of 30 players will be a mixed […]
Commission on Orphan Policies – Part II
Tony, a reader in Durban, was one of several people who responded to an article on this subject in the Moonstone Monitor of 24 July 2014: The issue of commission on orphan policies […]
Is Justice Fully Served?
A reader recently enquired about laying a complaint with the office of the FAIS Ombud. The enquiry stemmed from an investment that one of his clients made in the calamitous RVAF scheme, which […]
FICA Exemption
The Financial Intelligence Centre published Public Compliance Communication (PCC) 29 to provide guidance on the application of Exemption 4 of the FIC Act which provides for the reliance by one accountable institution (the […]
