Costs order against FSCA for ‘irregular and unlawful’ debarment

The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.

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Updated Preparation Material

The updated Juta Pocket Statutes edition of the FAIS Act is now available. LexisNexis also updated their Legislation Handbook and Preparation Guide for the RE 1 and RE5 exams. Queries about the latter […]

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Short-Term Ombud Annual Report

There can be little doubt that there is a steady increase in the efficiency of this champion for the fair treatment of consumers. The figures listed below come directly from the Ombud’s report: […]

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Governance of Ombud Schemes

The Short-term Ombudsman’s 2013 annual report contains an interesting perspective on regulation of the various Ombud schemes. The Financial Sector Regulation Bill originally proposed a so-called single Ombudsman’s structure. This envisaged that all […]

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Die een se dood…

Daar was lanklaas soveel bespreking en bespiegeling na Frans Steyn se onttrekking aan die Springbokspan. Die ouer garde brom dat hy dislojaal is teenoor die land, terwyl die jonger garde voel dis ‘n […]

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Intermediary Relationships after RDR

The eagerly awaited discussion document on the review of retail distribution, expected this month, has a long history. The triangular association – whereby the intermediary provides advice to the policyholder but is incentivised […]

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Healthcare panel Investigates Private Sector

A panel, headed by retired Chief Justice Sandile Ngcobo, started a market inquiry in January this year to investigate concerns about private healthcare. A Business Day Live report states that the reason for […]

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Oiling the Rusty Nails

South Africa, for once, outplayed the All Blacks by clicking into top gear in their opening match of the season, unlike the Kiwis who sputtered like an engine requiring a major service. The […]

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Swaziland – Lower reserves and cash flow problems

The Central Bank of Swaziland’s (CBS) Monetary Policy Consultative Committee (MPCC) held its latest bi-monthly meeting on May 23. Policymakers indicated that the short-term outlook for inflation includes notable upside pressures after the […]

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Being A Curator Is Not For Sissies

By Denis Lloyd and Jerome Veldsman of Walkers Inc. (http://www.walkers.co.za/) Due to the vagaries of life, especially old age, many a person (let’s call her “Amy“) has difficulty managing her own financial affairs.  […]

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TCF in Practice

Treating customers fairly may be the new buzzword, but it has been applied in the industry for quite some time now. A perfect example of this comes from a formal ruling made by […]

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The New Threatened Species

In May 2014, the Department of Education and Training published a list of the top 100 scarce skills, based on specific criteria. The document is sub-titled: Call for Comments on the National Scarce […]

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Size does Matter

This is the only logical conclusion I could come to when I saw the Springbok team selected for the test against the International side on Saturday. One cannot fault the pack, including the […]

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Fraudulent Medical claims amount to billions

Legalbrief Today reported on a statement by Discovery Health’s CEO, Dr Jonathan Broomberg, that fraud in the medical schemes industry is estimated to cost SA between R8.22bn and R43.2bn. One of the latest […]

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O Captain my Captain

It appears a foregone conclusion in the media that Victor Matfield will lead the Springboks until the return of Jean de Villiers. I am in agreement with this, but to disqualify Bismarck du […]

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