Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle

The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.

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Does the Penalty fit the “Crime”?

That which was termed “excessive” fines by the local regulatory authorities pale into insignificance when compared with what happened in the UK last week. The Financial Conduct Authority (FCA) imposed a financial penalty […]

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AB is Redefining Batting

These are not my words – it was uttered by a commentator during the Bangladesh/Pakistan match yesterday. Few can fault this thinking, or disagree with the view. Batting him at number three, as […]

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Zimbabwe – Playing hardball with the IMF

Despite delaying salary payments for public sector workers this month due to financial constraints, the Zimbabwean government has basically rejected an International Monetary Fund (IMF) condition of reducing the state payroll in order […]

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CPD back in a Big Way

It is evident that the focus on continuous professional development is increasing. As noted in the article above, the FSB envisages publishing proposed new CPD requirements by the end of the year. The […]

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Drie uit Drie?

Round 7 sees the Lions and Cheetahs taking a well-earned break to try and get their injured players back in shape. In the case of the Free Staters, they will also be tending […]

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FSB Clarifies Outcomes-Based TCF

Ms Leanne Jackson, Head of Treating Customers Fairly at the Financial Services Board recently responded to a Moonstone article published on the Insurance Gateway website: An article headlined “Not quite Treating Customers Fairly?” […]

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Impact of Legislative Changes on Level 1 REs

The Financial Services Laws General Amendment Act, No. 45 of 2013 (FSLGA Act) was published in the Government Gazette on 16 January 2014, and included changes to the Financial Advisory and Intermediary Services […]

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Two new Blue Jays on the Horizon

Bulls 23 – Sharks 19 Heyneke Meyer will no doubt be very happy about a new “problem” which emerged from Saturday’s big tussle. The two Blue Jays in the Bulls side, Jacques du […]

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Are We Experiencing Regulatory Overkill?

The head of Britain’s recently formed Financial Conduct Authority (FCA) was accused of backtracking on a promise to introduce “proportionate” red-tape on insurance brokers by the British Insurance Brokers Association (Biba), according to […]

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Super 15 Predictions a Tough Call

T20 World Cup To join us in the fun prediction pool, please go to the Moonstone pool Tref & Trap. The pool code cedeveil, and the tournament is called World T20. Cheetahs vs […]

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Treasury Proposals to Promote Savings

A media release on Friday sheds more light on these planned initiatives by the government to supplement the current interest income exemption with tax free savings accounts: This paper lays the basis for […]

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Update on Retirement Reforms

The 2014 Budget announcement contained more detailed information on where we currently are on the road to extensive reforms of the retirement industry. A media release by National Treasury on 14 March 2014 […]

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Super 15 Log Review after Round 5

Super 15 Log Review after Round 5 We are roughly one third through the round robin section of the competition. While those at the top will regard complacency as their major threat, others […]

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