A novel savings scheme, but does it work?
Lady: Do you drink? Man: Yes. Lady: How much a day? Man: Three 6 packs. Lady: How much per 6 pack? Man: About $10.00. Lady: And how long have you been drinking? Man: […]
Viceroy | FSCA wants the power to serve foreign operators digitally
The Authority invites interested parties to participate in High Court proceedings that will decide whether it may impose penalties on foreign individuals without physically serving documents in South Africa.
Grant Thornton Capital announces strategic partnership with Lephatsi Financial Services
Lephatsi Financial Services acquires 35% stake bringing substantial skills and additional BEE credentials to the business 10 December 2012 New shareholders will further contribute to Grant Thornton Capital (GTC) being a substantial contender […]
A better Challenge?
How fickle we are! We often take away from our victory by over analysing the match or circumstances. Ever heard the saying, a near miss is as good as missing it by a […]
Fiscal Cliff – a far more understandable explanation
US tax revenue: $2,170,000,000,000 Federal budget: $3,820,000,000,000 New debt: $1,650,000,000,000 National debt: $14,271,000,000,000 Recent budget cuts: $38,500,000,000 Let’s now remove eight zeros and pretend it is a household budget: Annual family income: $21,700 […]
Regulatory Changes Envisaged in 2013
The Financial Services Laws General Amendment Bill will see substantial changes and updates in respect of 11 different laws affecting the financial services industry. According to Business Day, the national treasury will attempt […]
Inseta RE Prep Workshop
We managed to obtain the link to the registration page for those individuals wishing to attend the workshops aimed at improving their chances of writing the level 1 REs successfully. Please click here […]
Private Equity Fund Exemptions
Board Notice 208 of 2012 provides a measure of relief in terms of certain mandate and liquidity requirements to persons conducting financial services related business with private equity funds. The Board Notice contains […]
Weighed, measured, and found wanting
The venom of the South African pace attack has proven too much for the Black caps as they were once again destroyed in their first inning. Was it not for a gutsy display […]
A Picture Paints a Thousand Words
The predictions contained in the Mayan Calendar of the demise of the world on 21 December led to quite a bit of mirth around the world. For some, it had other, worse concerns […]
RE Standards
An article on the pass mark of recent matric exams, reminded me of one of the controversial aspects of the regulatory exams – the pass mark of 65/66%. Professor Jonathan Jansen is arguably […]
Inseta Preparation Workshops
The workshops, aimed at assisting those who had difficulty in passing the level 1 regulatory exams, will run from 22 January to 19 February 2013. The FSB circular 13 of 2012 indicated that […]
Yesterday, Tomorrow and Thereafter
Bobby discusses the second test starting tomorrow, and Paul looks at the period leading up to when the official number one side in test cricket is crowned. We came across a wonderful website […]
Regulation of Tax Advisors
This legislation will also affect all financial advisors who provide tax services to their clients. With the promulgation of the Tax Administration Amendment Act at the end of last year, all tax practitioners […]
Important Changes to Fit & Proper Requirements
The publication of Board Notice 202 of 2012 brings about very important changes to the definitions of “Annual Expenditure”, “Liquid Assets” and “Management Accounts”, amongst others. This may impact significantly on your financial […]
The demise of Hayibo
One of the sad demises of 2012, was the Hayibo website. Their satirical look at current affairs led to them being described as “South Africa’s second-best source of made-up news, after the SABC”. […]
Make financial planning a priority in 2013
This latest “GrayIssue” from Allan Gray is a well written article inviting clients to: “Make financial planning a priority in 2013” Research from the US1 shows that financial planning is a critical factor […]
FSB Circular 13 of 2012
This is a follow-up circular to FAIS circular 12/2012 distributed on 7 December 2012. The purpose of this circular is to communicate information regarding the following: Additional information regarding the extension of the […]
