Retirement Funding and Tax Deductions
The Taxation Laws Amendment Act No. 31 of 2013 was published in Government Gazette No. 37158 on 12 December 2013. A reader sent me a copy of Momentum’s Legal Update No. 3 of […]
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.
Do not wait for POPI
Even a genuine mistake can be costly these days. A FSP recently settled for a fine of R50 000 for not obtaining proper authorisation before disclosing confidential client information to a third party. […]
Die Naweek se Sport
Ses-Nasies Weens verpligtinge by die Stellenbosch Wynfees kon ek ongelukkig nie baie rugby kyk die naweek nie. Dit verklaar dalk ook waarom ek Sondag net die tweede helfte van die “hoofwedstryd” tussen Engeland […]
Regional – Southern Africa – Rand weakness here to stay
The South African rand has nose-dived past the R11/$ mark at a time when newswires are suggesting that a sell off in emerging market assets has only just begun. The rand earned the […]
"MyLawyer” Settles with Enforcement Committee
The FSB published details of a settlement reached with a company trading as “MyLawyer” (the respondent) who acknowledged that it had contravened section 7(1)(a) of the Short-term Insurance Act (STIA). From November 2011, […]
Short-term Ombud Ruling Appeal Mechanism
Insurers and consumers are now entitled to appeal against final rulings by the ST Ombud. This applies to complaints received on or after 1 December 2013. Any party affected by any formal ruling […]
ICC “Unanimous” on Principles
The International Cricket Council released a media statement on Tuesday, following the meeting to discuss the far-reaching proposals put forward by the boards of Australia, India and England. The ICC Board unanimously supported […]
And you thought Compliance was expensive?
The latest determination by the FAIS Ombud provides clear proof that non-compliance with one’s obligations under the FAIS Act and the General Code of Conduct can be a very costly affair. The information […]
Whereto with POPI and TCF?
We frequently receive enquiries about legislative changes, specifically regarding Treating Customers Fairly (TCF) and the Protection of Personal Information Act (POPI). Some product providers have even requested advisors to sign TCF declarations. As […]
Springbok Contracts Confirmed
The South African Rugby Union (SARU) confirmed on Friday that a group of 17 players were contracted for the 2014 Springbok season. The seven newly-contracted players are Marcell Coetzee (loose forward), JJ Engelbrecht […]
Nigeria – Shake-up in the military about politics, not a coup
On Thursday, January 16, President Goodluck Jonathan sacked his high command and brought in fresh blood. The president was spurred by infighting among his military commanders that hindered the fight against Boko Haram […]
Exhaustive Law Amendments Published
The Financial Services Laws General Amendment Act, Act No. 45 of 2013, was published on 16 January after extensive consultation with various role players and affected parties. The preamble to the publication states […]
An Unusual Finding
The following article is reproduced from Talking Point, a publication issued by Walkers Attorneys in Cape Town, with their kind permission. Sangoma training and work ethic by Amien Hoosain Kiewits Kroon Country Estate […]
Your Voice: Healthcare Distribution Remuneration
The long-standing battle by the Council for Medical Schemes to have gap cover and hospital plans clearly demarcated as insurance, and not medical products, is indicative of its determination to ensure that clients […]
Cricket Piracy
The proposal by India, Australia and England to usurp power in the world of cricket may be a case of making official what may very well already be standard practice. There is little […]
Are Pension Fund Trustees Equipped to handle Death Benefits?
An article on the Norton Rose Fulbright website poses an interesting and challenging question to trustees in terms of their obligation as far as the distribution of death benefits is concerned. Prior to […]
Irregularity Reporting
A recent press release by the FSB named nine funeral services providers who appear to be acting outside of the law. Is it only the Regulator’s duty to expose such transgressors, or do […]
