A Fine Balancing Act Required
An incisive article by Peter Bruce in Business Day, “When fear and loathing trump nuance” takes a look at the bigger picture of collusion in the light of the latest probe into car […]
Budget 2026: why advisers should revisit every client plan
From CGT thresholds to small business tax and foreign allowances, Ronald King identifies the changes that could materially reshape financial plans.
Rugby won on the Day
The results of the two semi-final matches on Saturday were a triumph for running rugby. It is also fitting that the two sides who ended at the top of the log will meet […]
Zambia – No surprises as budget speech calls for increased burden on miners
The minister of finance, Alexander Chikwanda, delivered the 2015 budget address, entitled “Celebrating our Golden Jubilee as One Zambia One Nation by making economic independence a reality for all” to the national assembly […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
