Treasury concedes on one CIS tax proposal, holds firm on another

National Treasury has withdrawn its proposal that would have triggered capital gains tax when fund managers merge collective investment scheme portfolios.

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Africa and the ICC

The recent special summit of the African Union (AU) marked a turning point in Africa’s relations with the International Criminal Court (ICC). At the summit, which was held in the context of the […]

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Second Last Hurdle

The Currie Cup is not nearly as important on the rugby front as it was in days gone by, but it retains interest for many of us for whom it was the only […]

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Positive News from PFA

The Pension Fund Adjudicator published her annual report last week. It contains some very positive indicators, as well as concerns for the industry, and the public. In the message from the Minister of […]

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Risk Management Plans

Section 11 of the General Code deals with the control measures required: “A provider must at all times have and effectively employ the resources, procedures and appropriate technological systems that can reasonably be […]

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FSB and Ombud Levies

All registered FSPs should, by now, have received their invoices in respect of the FSB and FAIS Ombud levies. These levies are for the period 1 April 2013 to 31 March 2014. If […]

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New FSB Website

Problems that were experienced in accessing information on the Regulator’s website appear to have been addressed in the new version. The old one was essentially user-friendly to Internet Explorer users only. The website […]

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The Die is cast…

Cream will rise to the top, and the final standings in the Currie Cup log is possibly a fair reflection of the fortunes of the teams who battled for a place in the […]

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Bless me Father…

An elderly Italian man who lived on the outskirts of Rimini, Italy, went to the local church for confession. When the priest slid open the panel in the confessional, the man said: “Father […]

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Dicey Relationships

One would think that the required relationship between key individuals and their representatives are fairly clear. Where a key individual is required, at this time, to have successfully completed the level 1 regulatory […]

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Amazing Investment Offered…

A reader sent me a pamphlet from a company called Aspaya. They offer an unbelievable return on investment, and I use the word unbelievable intentionally. “TalentShare Wealth Creation Program I is a six […]

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PI Cover Overview

The FSB published the information below in FAIS Newsletter 15 of 31 August 2013. It covers some important points concerning PI cover, and addresses questions we receive on a regular basis. We recommend […]

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Irish Mirth

Definition of an Irish husband: He hasn’t kissed his wife for twenty years, but he will kill any man who does.  Murphy told Quinn that his wife was driving him to drink. Quinn […]

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Is Market Conduct Regulation Working?

An article entitled Regulation not crippling sector, FSB contends by Gillian Jones in Business Day provides two differing perspectives on this issue. On the one hand, there is the view of Johan van […]

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Sharp rise in suspect money deals

The Financial Intelligence Centre (FIC) told Parliament that the number of suspicious financial transactions in SA in 2012-13 skyrocketed by 176% compared to the previous financial year, notes a Business Day report. FIC […]

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RE Registration Problems

The good news is that marking of papers happens a lot faster than in the days when the whole industry was writing. We are currently experiencing problems with candidates who register for the […]

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Tough Choice

Langenhoven het beweer dat dit makliker is om te leef na die inkomste waartoe jy gestyg het, as die een waartoe jy gedaal het. Dis omtrent hoe ek voel oor hierdie berig – […]

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