New Directive from the FIC
Section 29(3) of the Financial Intelligence Centre Act states that all persons who submitted or are obliged to submit a report, may not disclose that fact or any information regarding the contents of […]
SARS: Almost 100% of its auto assessments are accurate
Tax practitioners say the headline statistic may obscure the true extent of incomplete auto assessments.
The Newlands Derby
The Rugby Championship log reminds me of horse racing. The winner appears to have an unassailable lead, while two of the also-rans will fight it out for the second spot. New Zealand is […]
Tax free savings accounts
The information below was extracted from the draft explanatory memorandum on the Taxation Laws Amendment Bill, 2014, published on 17 July 2014. Tax free savings accounts are proposed from 1 March 2015 as […]
Consumer Credit Insurance Workshop
The National Treasury and Financial Services Board invites the public to attend a Consumer Credit Insurance (“CCI”) workshop which will discuss the findings and focus areas arising from the “Technical Report on the […]
Input on Proposed Guidance Notice
The Deputy Registrar of Financial Services Providers invited industry input on a proposed Guidance Note on the interpretation and application of section 13(1)(c) of the Financial Advisory and Intermediary Services Act, 2002. This […]
Application for Exemption
Application for Exemption The FSB recently published a document titled, “Application for an exemption in relation to Qualifications and regulatory examinations”. It sets out how one should go about applying for an exemption, […]
The Real Future of Financial Advice in Australia
By Steve Manning It’s been a strange time In the same week the senate inquiry released a damning report against the financial advice provided by Commonwealth Financial Planning (CBA), the government quietly rolled […]
Think TCF – Part 1
A survey amongst FSPs would very likely reveal a “wait and see” approach from the majority of smaller businesses as far as Treating Customers Fairly is concerned. Many of those who adopted a […]
Retirement Provision Concerns
In an address to parliament on 4 September, the Minister of Finance expressed concern over the number of people resigning to get their hands on money in their pension and provident funds. The matter […]
Namibia – Growth continues slide in Q2
The Namibia Statistics Agency (NSA) released revised National Accounts on September 12. The revised data – as opposed to the preliminary adjustments released earlier in the year – paint a far rosier picture […]
Halfway to paradise
Mutual music maniacs may have heard echoes of this Billy Fury song after the final whistle blew in the match between the All Blacks and the Springboks on Saturday. In particular, the final […]
Kyk Vorentoe, Springbokke
Kommentators na aan die Bokke beweer dat hulle die teleurstelling van verlede Saterdag verwerk het, en nou op die groot stryd teen die aartsvyand fokus. Ek dink nie dit sal ‘n slegte ding […]
South Africa’s securities regulation tops the world
The regulation of securities exchanges in South Africa was ranked first in the world, for the fifth time in a row, in the World Economic Forum (WEF)’s 2014/2105 Global Competitiveness Report. This is […]
TCF Name Change
SAIA notes in its August newsletter that the Treating Customers Fairly (TCF) Department will cease to exist. It will, in future, form part of the Market Conduct Strategy Unit. This is in line […]
Important Lessons from Debarment Appeal
There is a tendency to see legislation that regulates financial services as operating differently from other laws. While the processes may sometimes differ, the same principles apply. This became evident in a recent […]
Authentication of RE Certificates
We often receive queries from employers regarding the validity of RE certificates produced by prospective applicants. This is indeed wise, as we are aware of instances where people fraudulently replicate documents by means […]
Clansey's Clangers & Proteas win!
Clancey Clangers not the only reason – Paul Kruger If the Springboks had the benefit of appealing against the result of Saturday’s match against Australia, their chances of success would be excellent if […]
