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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Graeme Smith, Pakistan and Wine

Ton up! Special mention and congratulations must be conveyed to our fearless leader, Graeme Smith – well played Sir, on a 100 tests as Captain! We have been privileged as supporters to grow […]

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FSP Numbers

The latest figures released by the FSB shows that 313 FSPs had their authorisation suspended between 4 December 2012 and 24 January 2013. There were relatively few other “offs” and “ons”, with the […]

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Compliance Officer Exemption from REs

Board Notice 207 of 2012 was published on 14 December 2012, and now stipulates that the compulsory regulatory exam for COs must be written by 31 December 2013. “Compliance officer” means a compliance […]

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FSB Newsletter 13

The latest newsletter from the FSB focuses on communication with the FSB. A number of readers were unable to open the link contained in e-mail sent on Friday. We obtained a copy this […]

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Understanding the Male Psyche

This is a story which is perfectly logical to all males: A wife asks her husband: “Could you please go shopping for me and buy one carton of milk, and if they have […]

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Expediency and the Ombud

“The FAIS Ombud’s role is to resolve disputes between financial services providers and their clients in a procedurally fair, informal, economical and expeditious manner.” Thus reads the home page of the Ombud’s website, […]

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Regulatory Changes Envisaged for 2013

New legislation will entail changes to the wording of contracts between insurers and juristic representatives. Alan Holton explains the legislation, and how you can address the changes: Hi Paul Thanks for the most […]

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From Heroes to Zeroes

To describe the series loss as a disappointment, is an understatement.  Although the Proteas seemed to be cruising to a win at a 160 for 1 the side imploded to lose the game […]

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A Beguiling Tale

One day, when a seamstress was sewing while sitting close to a river, her thimble fell into the river. When she cried out, a good fairy appeared and asked, “My dear child, why […]

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Pension Fund Transgressions now Criminalised

We publish below a press release by Bowman Gilfillan: Employers failure to pay pension fund contributions to become a criminal offence An employer’s failure to pay contributions to a pension fund will become […]

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Minder Rompslomp vir Maatskappye, BK's

Alle maatskappye en beslote korporasies is wetlik verplig om jaarliks opgawes in te dien by die kommissie vir maatskappye en intellektuele eiendom (CIPC). Lesers sal onthou dat daar so ‘n paar jaar gelede […]

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Problems downloading FSB Circular 1 of 2013?

This document, entitled “Disclosure of Fees and other potential Conflict of Interests on Third Party Collective Investment Scheme Portfolios” proved to be difficult for some people to download. Please click here to download […]

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