Draft Regulations on Hedge Funds
The National Treasury (“Treasury”) and Financial Services Board issued the following media release last week: In 2012, South Africa, as a committed member of the G20, embarked on a process to enhance and […]
FAIS Ombud finds broker negligent for failing to update client’s contact details
The material change from a co-policyholder to a sole policyholder should have alerted the FSP of the need to review the policy.
What the Stats Reveal
If the current Super 15 log reflected target shooting, the SA sides would be stone last as far as grouping is concerned. The Sharks and Lions still have to tour, and with a […]
Namibia – Central bank keeps repo rate steady
The Bank of Namibia’s (BoN, the central bank) Monetary Policy Committee (MPC) held its latest meeting on April 16. The BoN decided to keep the repo rate unchanged at 5.5%. In justifying its […]
Client Care – how are we really doing?
Two conflicting headlines in recent industry newsletters raise the question whether clients are treated fairly by the industry. “Complaints to (Long-term) ombudsman reach record number.” “South African consumers are very satisfied with the […]
Ditch South African Teams says Mehrtens
When I read his article the first time, I got a little hot under the collar. Some of the following statements accounted for my agitation: I can’t help thinking we might have lost […]
Fraud knows no Boundaries
Consumers at the lower end of the market are often more vulnerable when it comes to being defrauded. The latest Ombud determination provides details of how the Reformed Christians for Truth Church became […]
New Financial Intelligence Centre Directives
The FIC issued two new directives applicable to all accountable and reporting institutions: Directive 1 stipulates that “All institutions registered with the FIC are required to update their registration details only via the […]
Fraudulent RE Certificates
Candidates who pass the level 1 regulatory examination are issued with certificates which record this fact. These documents contain a number of security features to avoid fraudulent use thereof. Details of this cannot, […]
Two Flew Over the Cuckoo’s Nest
For the second weekend running, South African sides threw away their chances of winning towards the end of the game. The Bulls and the Cheetahs had the beating of the opposition, only to […]
Malawi – May elections, the rock and the hard place
Malawi goes to the polls on May 20 in a series of elections that one way or another may well define the country’s medium to long-term future. Local authority, national legislative and presidential […]
FAIS Amendments
FAIS Circular 4 of 2014 will be of great value to regulatory exam (RE) candidates who need to take into account recent legislative changes. It is of equal importance to all FSPs who […]
Consumer Expectations from TCF
There was a time when actuaries at product houses spent endless hours developing a product, packaging it, and then sending it to the marketing division with the message: “Go out there and find […]
A Miracle in the Making
On Monday night, there were two people I really felt sorry for after the dramatic win by Ikeys over Pukke in Potch. No, it was not the home side’s flyhalf who attempted a […]
Lest We Forget
When you walk on the right side of the law, it is often difficult to understand why so many obligations are placed on you to comply, when those, for whom the legislation is […]
Q & A on Cambist
We regularly receive enquiries from readers about Cambist, who offers a return of 19.5% on investments. For all practical purposes, it appears that they act as an aggregator between the public and certain […]
Nigeria – GDP nearly doubles following rebasing
Nigeria now has the largest economy on the continent following the release of much-anticipated preliminary rebased GDP statistics. The previous base year of 1990 has become outdated due to changes in the structure […]
Does Kepler have a point?
I have to agree with him that, given our current ranking, we did well to make the semi-finals in the ICC World Twenty20 Cup in Bangladesh. Yes, I was as devastated as you […]
