The long and winding road
Jake White was upbeat about the fortunes of the Sharks over the next few weeks after his side thrashed a willing Stormers team on Saturday. With limited possession, they managed to score the […]
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 moreZambia – The president, his health, the possibilities, and the contenders
President Michael Sata returned home over the past week after apparently receiving treatment for an unknown health issue in Israel. While the debate over his actual state of health continues to rage unabated […]
Healthcare Draft Regulations a “Death Spiral”
Business Day recently quoted Professor Alex van den Heever, chairperson of Social Security at Wits University as saying that the National Treasury’s latest proposals are “…poorly drafted and threaten to send the medical […]
Credit Insurance under the spotlight
National Treasury and the Financial Services Board (FSB) published a document titled “Technical Report on the Consumer Credit Insurance Market in South Africa”. It called for comment by 30 September 2014 on proposals to address […]
World Cup Mania
When last, if ever, did you experience such a reaction to a sporting event as Brazil’s loss to Germany on Tuesday night? Apart from the record number of tweets, the jokes poured in, […]
DOFA Deadlines
The jury is still out on whether 30 June or 31 December is the final date for representatives appointed in 2012 and 2013, as discussed in Thursday’s Moonstone Monitor. The FSB is reviewing the practical […]
Resignation of Fidentia Curator
A press release by the FSB, following a media briefing on Thursday, discusses the events surrounding the unexpected resignation of Mr Dines Chandra Manilal Gihwala as a curator of the financial services business […]
Risk Profiling in South Africa
Historically risk profiles were used to lead customers to buy specific products. Few of these plans had the actual welfare of the client at heart. Some of the more modern versions are often […]
The Riot Act
The ridiculous controversy around Victor Matfield’s scrum cap was taken to new heights when the Bulls donned their riot squad attire on Saturday against the Stormers. The sharp contrast between their military rugby […]
Central Economy or Just Centralised…?
The Zuma administration cannot shake off the pull of the left President Jacob Zuma elevated the floundering South African economy to centre stage at his State of the Nation speech on June 17 […]
Board Notice 260 of 2014
There appears to be conflicting opinion on whether the following change, announced in this BN, will be applied retrospectively: “(e) the representative must successfully complete the relevant first level regulatory examination by 30 June […]
The Exodus Continues
This morning’s newspaper contains a new list of players heading overseas, mainly to Japan and France. The French market appears to be near saturation point, with 51 of our players in the top […]
FSP Due Diligence Responsibilities
On Monday, we briefly outlined the background to the first complaint against an advisor who invested client funds in Herman Pretorius’s Relative Value Arbitrage Fund. In his response to the complaint, the advisor […]
Reinstatement of Debarred Key Individuals
I was recently approached by an ex key individual who was debarred by the FSB in response to information supplied by the bank who previously employed him. The reason for the debarment was […]
FAIS Ombud Rules on RVAF Investment
The reasons for the sad ending to the Relative Value Arbitrage Fund, for both investors and advisors, are evident from this, the first determination by the Ombud on the Herman Pretorius saga. A […]
Boks Wilt the Flower of Scotland
Perhaps it was more a case of deflowering Scotland, given the half century in points the Boks piled up on Saturday. Most of the reports after the match focused on the excellent team […]
