A tale of two spinners
Much of the pre-test hype focussed on whether Michael Clarke’s view, that Australia has the best bowling attack in world cricket, is true. Despite all the hot air doing the rounds, there is […]
Breaking: SCA upholds Old Mutual’s Living Hands appeal
Old Mutual Unit Trust Managers off the hook for R1.7 billion claim arising from Fidentia scandal.
Read moreNamibia – IMF concludes Article IV consultation
The International Monetary Fund (IMF) concluded its 2013 Article IV consultation with Namibia on 29 January 2014. The Fund staff’s appraisal acknowledged that Namibia managed to make significant progress in relation to the […]
Blue Financial Services Loses Licence
A recent article in Business Day shed light on why the FSB suspended the licence of Blue Financial Services, a player in the micro-lending business. “The FSB has suspended the licence as a […]
Services Under Supervision
The introduction of the FAIS Act brought with it a new set of regulatory requirements, including those pertaining to industry incumbents being fit and proper. As these conditions were refined, it became evident […]
The Broken Adoption
Say what you like about him, but the guy is nothing short of a cricketing genius. The man, whom most South Africans loved to hate, seems to have been cast aside by his […]
Causal Event Charges Back in the Spotlight
The latest determination by the Pension Fund Adjudicator (PFA) brought the levying of penalties on retirement annuities, when changes are effected, to the fore again. I was unable to obtain a copy of […]
Retirement Funding and Tax Deductions
The Taxation Laws Amendment Act No. 31 of 2013 was published in Government Gazette No. 37158 on 12 December 2013. A reader sent me a copy of Momentum’s Legal Update No. 3 of […]
Do not wait for POPI
Even a genuine mistake can be costly these days. A FSP recently settled for a fine of R50 000 for not obtaining proper authorisation before disclosing confidential client information to a third party. […]
Die Naweek se Sport
Ses-Nasies Weens verpligtinge by die Stellenbosch Wynfees kon ek ongelukkig nie baie rugby kyk die naweek nie. Dit verklaar dalk ook waarom ek Sondag net die tweede helfte van die “hoofwedstryd” tussen Engeland […]
Regional – Southern Africa – Rand weakness here to stay
The South African rand has nose-dived past the R11/$ mark at a time when newswires are suggesting that a sell off in emerging market assets has only just begun. The rand earned the […]
"MyLawyer” Settles with Enforcement Committee
The FSB published details of a settlement reached with a company trading as “MyLawyer” (the respondent) who acknowledged that it had contravened section 7(1)(a) of the Short-term Insurance Act (STIA). From November 2011, […]
Short-term Ombud Ruling Appeal Mechanism
Insurers and consumers are now entitled to appeal against final rulings by the ST Ombud. This applies to complaints received on or after 1 December 2013. Any party affected by any formal ruling […]
ICC “Unanimous” on Principles
The International Cricket Council released a media statement on Tuesday, following the meeting to discuss the far-reaching proposals put forward by the boards of Australia, India and England. The ICC Board unanimously supported […]
And you thought Compliance was expensive?
The latest determination by the FAIS Ombud provides clear proof that non-compliance with one’s obligations under the FAIS Act and the General Code of Conduct can be a very costly affair. The information […]
Whereto with POPI and TCF?
We frequently receive enquiries about legislative changes, specifically regarding Treating Customers Fairly (TCF) and the Protection of Personal Information Act (POPI). Some product providers have even requested advisors to sign TCF declarations. As […]
Springbok Contracts Confirmed
The South African Rugby Union (SARU) confirmed on Friday that a group of 17 players were contracted for the 2014 Springbok season. The seven newly-contracted players are Marcell Coetzee (loose forward), JJ Engelbrecht […]
