Retirement funding gets a boost
The Taxation Laws Amendment Act No. 31 of 2013, published in Government Gazette No. 37158 on 12 December 2013, contains very important changes to the tax treatment of contributions to retirement funding. Hettie […]
Beefed-up SARS might stave off R20bn in tax increases in 2026
An inflation-linked rise in the general fuel levy will in no way be sufficient to plug the revenue hole left by scrapping the two VAT increases.
On the Regulatory Front
Moonstone is a co-sponsor of this seminar which is a must-attend event for all key individuals, representatives and compliance officers. Anton Swanepoel and other leading industry experts will discuss the year ahead from […]
Proposed Changes to Liquid Assets Definition
Financial Services Providers who receive client funds are required to conform to very specific requirements in terms of liquidity, as set out in the Determination of Fit and Proper Requirements. In terms of […]
The Johnson Jinx
Mitchell Johnson appears to reserve his best for South Africans. His career best of 12 wickets for 127 runs in the first test at Centurion eclipsed his previous best figures of 11 for […]
Zimbabwe – Government adds to food insecurity woes
The government has decided to allow only the Grain Marketing Board (GMB) to import grains and has stopped issuing import permits to independent millers and traders, at a time when an estimated 2.2 […]
Is Healthcare Remuneration Above Board?
We recently queried the discrepancy in commission payable to healthcare brokers and what their counterparts in the short-term industry earn for essentially providing the same service. In response to an enquiry from a […]
FSP Fined for Promoting Unregistered Foreign CIS
The Registrar of Collective Investment Schemes (“the Registrar”) referred a suspected contravention of Section 65(3) of the Collective Investment Schemes Act, No 45 of 2002 (CISCA) to the enforcement Committee. It was alleged […]
Hedge Fund Regulation a Step Closer
The National Treasury and the Financial Services Board (FSB) published a Joint media statement outlining their preliminary response to stakeholder comments on proposals released in September 2012 for regulating hedge funds. Annexure A, […]
To bat first, or not to bat first…
The answer to this Shakespearian question is not as simple as some would think. At the time of writing, Australia was on 369 for 7 in their first innings. There was a lot […]
Retirement funding gets a boost
The Taxation Laws Amendment Act No. 31 of 2013, published in Government Gazette No. 37158 on 12 December 2013, contains very important changes to the tax treatment of contributions to retirement funding. Hettie […]
Old Mutual Representatives Granted Exemption
Board Notice 273 of 2013, published in December last year, provides details of an exemption granted to certain Old Mutual representatives in respect of the experience and qualification criteria applicable to: Collective investment […]
A tale of two spinners
Much of the pre-test hype focussed on whether Michael Clarke’s view, that Australia has the best bowling attack in world cricket, is true. Despite all the hot air doing the rounds, there is […]
Namibia – IMF concludes Article IV consultation
The International Monetary Fund (IMF) concluded its 2013 Article IV consultation with Namibia on 29 January 2014. The Fund staff’s appraisal acknowledged that Namibia managed to make significant progress in relation to the […]
Blue Financial Services Loses Licence
A recent article in Business Day shed light on why the FSB suspended the licence of Blue Financial Services, a player in the micro-lending business. “The FSB has suspended the licence as a […]
Services Under Supervision
The introduction of the FAIS Act brought with it a new set of regulatory requirements, including those pertaining to industry incumbents being fit and proper. As these conditions were refined, it became evident […]
The Broken Adoption
Say what you like about him, but the guy is nothing short of a cricketing genius. The man, whom most South Africans loved to hate, seems to have been cast aside by his […]
Causal Event Charges Back in the Spotlight
The latest determination by the Pension Fund Adjudicator (PFA) brought the levying of penalties on retirement annuities, when changes are effected, to the fore again. I was unable to obtain a copy of […]
