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.

Read more

Just that good!

The final test against Pakistan starts tomorrow and although the series may have already been decided, I am of the view that it will still prove to be a cracker of a game. […]

Read More

Submission of Financial Statements

Those FSPs whose financial year ends on 28 February, received a reminder from the FSB about the deadline for the compulsory submission of their financial statements.. The Regulator’s website contains guidelines on how […]

Read More

Perfecting the 4 day test

Unfortunately, I did not get to see any of the cricket as I spent the weekend on the West Coast without TV and cell reception. Heaven! On my return on Sunday afternoon, I […]

Read More

Perfect Vision in Hindsight?

Does the benefit of hindsight count against advisors in so far as the FAIS Ombud is concerned? This is what went through my mind when I read the latest determination by the Ombud. […]

Read More

The Real Cost of Compliance

This article appears in the December/January 2013 edition of INVESTSA Remember the spaghetti western “The Good, the Bad and the Ugly”? In one scene, Eli Wallach, on horseback, leads Clint Eastwood, on foot, […]

Read More

Comment on 2013 Draft Compliance Reports

The FSB invited comment on the draft 2013 compliance reports published on their website. Changes for 2013: • There are no substantial changes to the content of the reports. Some of the changes include […]

Read More

Action against RE Defaulters

FAIS Circular 2 of 2013 contains details of the action to be taken against those who failed to comply with the requirement to write the regulatory exams by the end of June last […]

Read More

FSB Communications

RE Support Workshops The FSB will be running a limited number of Assistance Workshops, identical to those currently presented by Inseta. This is to accommodate those candidates who were unable to attend the […]

Read More

Sharks in Shallow Waters?

Looking at the fixture list for the Super 15 series, the Sharks, like the Stormers, face a rather hectic schedule at the start of the tournament. They play the Cheetahs in Bloem, the […]

Read More

Grandchildren are Sharp

1. My young grandson called the other day to wish me Happy Birthday. He asked me how old I was, and I told him, 80. My grandson was quiet for a moment, and […]

Read More

New FSB “General Awareness” Workshop

A “General Awareness” telematic broadcast workshop will be run on 7 March, and will address the following topics: Termination of business The Disclosure of Fees and other potential Conflict of Interests on Third […]

Read More

Twin Peaks Time Lines

The following section appears in the implementation document published on 1 February 2013. Moving towards a twin peaks model of financial regulation will result in the South African Reserve Bank’s organisational design changing […]

Read More

Storming into the Tournament

There is just enough time left before the start of the Super 15 to look at the draw for each of of the South African teams, and the potential impact of this on […]

Read More