Banxso licence withdrawal – FST dismisses reconsideration bid

The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.

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Think TCF Part Six

Outcome Six: After Sales Service The final outcome requires that clients do not face unreasonable post-sale barriers to change product, switch provider, submit a claim or make a complaint. The word “unreasonable” is […]

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Is it Time for a Compliance Review?

Diligent financial advisors conduct regular reviews of their clients’ portfolios to ensure that their aims and goals are on track. This is not only a regulatory requirement, but essential for new business purposes […]

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FSB Licence Applications

At the recent regulatory exams in London, it came to our attention that firms operating in the UK and other countries experience substantial problems when applying for licences to operate in South Africa. […]

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Collusive Conduct in Automotive Industry

A media release by the Competition Commission on 13 October states that it has launched investigations into “…price fixing, market division and collusive tendering in the market for the manufacture and supply of automotive […]

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RWC 2015

In exactly one year and one day from today, the Springboks will hopefully be involved in the quarter-finals of Rugby World Cup 2015 in England and Wales. South Africa, in Pool B, has […]

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Appeal Court Addresses Conditional Selling

A FSB media release on 9 October highlights far-reaching implications for finance and loan providers who coerce clients to make use of in-house brokerages. A recent judgement by the Supreme Court of Appeal […]

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Microlenders Challenged

Business Day reported on 12 October about a court challenge to what it terms “dodgy micro lending.” In an unprecedented legal challenge, the University of Stellenbosch’s Legal Aid Clinic (LAC) is taking on […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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