From the Top Down
The future of South African rugby looks very exciting, judging from the last three outings by the national side, and the sides at the top of the Currie Cup log. The massive crowd […]
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
FSB Press Release – Sep 2014
The Financial Services Board (FSB) warns the public to refrain from conducting any financial services business or investing funds with Discount Mart Cleaning Services CC trading as DMC Holdings (DMC) and/or Mr Abdool […]
Tanzania – New draft constitution, donor aid on hold
President Jakaya Kikwete formally received the draft of the new constitution on Wednesday, October 8. At a ceremony in Dodoma, Mr Kikwete and the president of Zanzibar, Ali Mohammed Shein, received copies of […]
Deadline Reminder
It is scary to think that Christmas is only 11 weeks away. If you were granted an extended deadline, you need to do some urgent planning to make things happen. If you are […]
Cadac Application Fails
The Financial Services Board (FSB) confirmed in a media release that an application for leave to appeal in a matter brought by Simon Nash, CEO at Cadac, against the regulator and a number […]
Closing the Loop
In view of an article I wrote some time ago, a radio station approached me this week to take part in a discussion concerning investments that offer exceptional returns. I politely declined as […]
Enforcement Committee Order Against Representative
The importance of the legal requirement to only conduct business with a duly authorised financial services provider was painfully underlined in the latest order by the Enforcement Committee (EC), when the respondent, a […]
Think TCF Part Five
Outcome 5 of Treating Customers Fairly requires that “Clients have products that perform as FSPs told them it would, and the service is at an acceptable standard, and what they expect.” It is […]
Bok Rugby Beter
Die meeste van ons sukkel nog om die impak van Saterdag se oorwinning oor die All Blacks reg te verwerk. Van die meer sober gedagtes wat sedertdien aan die lig gekom het, is […]
Direct marketing: How POPI has redrawn the battle lines
Posted on 1 September 2014 on the website of Millers Incorporated and re-published here with their kind permission. Hierdie artikel is ook in Afrikaans beskikbaar More and more consumers are becoming aware of […]
Moonstone/Getwine Superbru Pool
Baie geluk aan Melissa van Rensburg wat ons manne, wat dink ons ken rugby, so lekker afgestof het – beter nog as wat die Bokke met die All Blacks gedoen het. Sy het […]
Kenya – Economy now estimated to be 25% larger
On September 30, the Kenya National Bureau of Statistics (KNBS) released rebased GDP figures, which resulted in the estimated size of the economy being raised by 25%. The base year was changed from […]
In (not so) Full and Final Settlement
Have you ever wondered why this disclaimer is contained in every claims settlement letter? The latest newsletter from the Long-term Ombud contains details of why merely stating “In full and final settlement” is […]
Think TCF Part Four
Outcome 4 of Treating Customers Fairly requires that, where clients receive advice, the advice is suitable and takes account of their circumstances. The apparent simplicity of this statement is very misleading. The guide […]
Showdown at the Ellis Park Corral
Just like at the most famous gun battle in Western history, there will not be a place for timid souls on Saturday, even on the stands and in front of our TV sets. […]
Amended Preparation Guides
Many learners experience problems when trying to understand the legislation they are required to master in preparing for the level 1 regulatory exams. Whilst there is study material available in layman’s language, the […]
Due Diligence Obligations
The “why” of this requirement is clear to all, but the “what”, “how” and “when” remains one of the biggest grey areas for FSPs. If you place your client’s business with a leading […]
