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. […]
RAF faces claims surge if form falls
SCOPA says the RAF 1 form may have kept claims out of the system, leaving the Fund exposed to a wave of unrecognised liabilities if it is set aside.
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 […]
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 […]
