Perth – the final showdown
A result for the 3rd and final test seems very likely at Perth; this is if you take into the account that the recent Shield matches (Australia domestic 4-day competition) all ended well […]
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 moreWho enforces Penalties?
The content of an article in Moneyweb entitled Rogue broker ignores FAIS Ombud was covered in this newsletter in June. Frank McCarter and his wife are one of many investors who received bad […]
Dronkbestuur
Drie dikgesuipte mans klim in die taxi. Die bestuurder sien hulle is dronk en is nie lus vir moles nie. Hy skakel die taxi aan, en sommer weer af. “Ons is hier,” sê […]
Who let the dogs out?
This past year had its fair share of ups and downs. It is normal practice to review the year gone by, and hopefully learn from it. It also provides an opportunity to ponder […]
Is Insurer in Breach of Agreement?
A recent settlement between the FSB’s Enforcement committee and a direct insurer reads as follows: The parties agree that the offering of the Travel and Card Cash back benefits that formed part of […]
One Pint of Bitter, please barman
On Saturday night, the English team were drowning their sorrows, as yet another opportunity to beat South Africa, slipped through the cracks. The pub they were sitting in, is one of those typical […]
Oh, to be in England
It was quite scary, reading on Monday morning of the late citing of Eben Etzebeth. I quite like the way Gavin Rich put it: After a marathon disciplinary hearing, it was confirmed by […]
Queen’s message to USA after elections
To the citizens of the United States of America from Her Sovereign Majesty Queen Elizabeth II In light of your failure in recent years to nominate competent candidates for President of the USA […]
Jurisdiction of the FSB
Was it coincidence? I was working on this article on Tuesday, and on Wednesday saw an article in Sake24 entitled: Finansiële waghond ‘aan die slaap’. According to this report, the members of parliament […]
Final Date to register!
The final date for registration to write in this calendar year is this coming Thursday, 29 November, to write on 13 December. Your first exam opportunity in 2013 is on 14 January. Please […]
Enforcement Committee Penalties
In the last two weeks we saw a spate of media releases on Administrative Penalties meted out by the Enforcement Committee of the Financial Services Board. It is difficult to determine the basis […]
Inseta Vouchers Now Available
As reported recently, the Insurance sector SETA are making 1 000 vouchers available to candidates who want to acquire a recognised “full qualification”. This offer is open to all small enterprises, employing up […]
FNB Instructed to Cough Up
Four years ago, former FNB financial adviser, Clynton Cotton, pleaded guilty to stealing R12 million from his clients. One of them, Carmen Goodman, finally won her court battle with the bank. FNB was […]
FSB Exempt from Liability?
Under the proposed Financial Services Laws General Amendment Bill, the Financial Services board will be protected from legal liability for their bona fide actions, even if these are negligent. According to a report […]
Termination of Agreement Or Business
I received an enquiry from a reader last week who decided to leave the industry after 30 years. He asked for advice on what he needs to do, as another advisor offered to […]
Are ye Irish?
A customer asks… “In what aisle could I find the Irish sausage?” The clerk asks…”Are you Irish?” The guy, clearly offended says… “Yes I am, but let me ask you something. “If I […]
