Taxpayer’s (legitimate) refund stuck in limbo after profile hacked

A cyberattack not only removed his account from his tax practitioner’s profile but also led to an erroneous VAT refund being paid back to SARS.

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Ands, Ifs and butts kicked

We certainly had some lively discussion on Monday’s blog. In particular, Morné Steyn’s performance came under the spotlight. There were some great chirps: Tony: Although I really like Jean De Villiers, he needs […]

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Q & A on UK TV and Radio show

UNIVERSITY CHALLENGE (BBC2) Jeremy Paxman:  What is another name for ‘cherrypickers’ and ‘cheesemongers’? Contestant:           Hömosexuals. Jeremy Paxman:  No. They’re regiments in the British Army who will be very upset with you. BEG, BORROW […]

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Level 1 RE 3 Preparation Guide

This regulatory exam needs to be written by Licence holders in Category II (discretionary fund managers) and II A (hedge fund managers). A set of preparation material advertised elsewhere in this newsletter, can […]

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The Numbers Game

What will the fall-out figure be? How many people will be forced to leave the industry? I received a call from a media contact last night, trying to squeeze a figure out of […]

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Level 2 RE Content

On Monday we said that the level 2 REs would focus on the legislation pertaining to products, and not on products per se. This elicited a number of enquiries. We discuss the content […]

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Over the Hill or Burnt out?

Mens wonder soms oor ons as ondersteuners se ongenaakbare verwagtinge van ons nasionale rugbyspanne. Ek lees vanoggend in die koerant dat daar in Suid-Afrika geen middelgrond is nie. Ons skree “Halleluja” as ons […]

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Blond experience writing RE 5

Morning Ma’am, the name is Sam Reporting for the Rep’s exam I must admit I’m in a jam I cannot prove just who I am. I am nearly forty three And as blond […]

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Annual Financial Statements

The information below was published in FAIS Circular 5 of 2012. We extracted what we regard as the essence of the communication to assist readers in complying with this annual obligation. Section 19 […]

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When will level 2 REs be available?

The regulator indicated that it would focus on the completion of the level 1 REs, and particularly RE 1 and RE 5 before making any further announcements on the next level of regulatory […]

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A recipe for success

It is easier to bake a stunning cake if you follow the recipe, rather than just knowing what the ingredients are. This also applies to the regulatory exams (REs). I received the following […]

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From Four-wheel drive to Normal?

No, we are not shifting focus to motor rallying this week. Having ground down the England side in four-wheel drive, we now move into normal drive to pick up some speed as we […]

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The end of the innocence

When the Eagles recently visited our shores, I was one of the first to book my seat for a trip down memory lane with songs I still know off by heart. The title […]

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Cell phone etiquette

After a very busy day, a commuter settled down in her seat and closed her eyes as the Gautrain departed from Sandton to O.R. Tambo. As the train rolled out of the station, […]

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Thank You

On Monday I was quite touched by my first call of the morning. A candidate in KZN, Bea, asked me for advice on medical problems that she has. It affects both her vision […]

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