Namibia – Growth continues slide in Q2
The Namibia Statistics Agency (NSA) released revised National Accounts on September 12. The revised data – as opposed to the preliminary adjustments released earlier in the year – paint a far rosier picture […]
BHI Trust fallout widens as FSCA bans intermediary for 20 years
The FSCA’s latest action highlights the regulatory risks for individuals who may have been linked to the BHI Trust scheme.
Halfway to paradise
Mutual music maniacs may have heard echoes of this Billy Fury song after the final whistle blew in the match between the All Blacks and the Springboks on Saturday. In particular, the final […]
Kyk Vorentoe, Springbokke
Kommentators na aan die Bokke beweer dat hulle die teleurstelling van verlede Saterdag verwerk het, en nou op die groot stryd teen die aartsvyand fokus. Ek dink nie dit sal ‘n slegte ding […]
South Africa’s securities regulation tops the world
The regulation of securities exchanges in South Africa was ranked first in the world, for the fifth time in a row, in the World Economic Forum (WEF)’s 2014/2105 Global Competitiveness Report. This is […]
TCF Name Change
SAIA notes in its August newsletter that the Treating Customers Fairly (TCF) Department will cease to exist. It will, in future, form part of the Market Conduct Strategy Unit. This is in line […]
Important Lessons from Debarment Appeal
There is a tendency to see legislation that regulates financial services as operating differently from other laws. While the processes may sometimes differ, the same principles apply. This became evident in a recent […]
Authentication of RE Certificates
We often receive queries from employers regarding the validity of RE certificates produced by prospective applicants. This is indeed wise, as we are aware of instances where people fraudulently replicate documents by means […]
Clansey's Clangers & Proteas win!
Clancey Clangers not the only reason – Paul Kruger If the Springboks had the benefit of appealing against the result of Saturday’s match against Australia, their chances of success would be excellent if […]
Lesotho – What lies beneath?
Behind Lesotho’s current political crisis, security cluster ructions and infighting are the real threats to stability. As Prime Minister Thomas Thabane’s allegations of a coup disintegrated, the fractious nature of the relationship between […]
The End of Sign-on Bonuses in Sight
The whole messy business of institutionalised churning reminds me of the wise words of George Bernard Shaw: “A government that robs Peter to pay Paul can always depend on the support of Paul.” […]
Levy Deadline for Rep Register
The FSB and FAIS Ombud levies are calculated on the status of your FSP as at 31 August every year. Any changes to the rep register must be conveyed to the FSB within 15 days. […]
Who wants it most?
When Australia hosts the Springboks on Saturday, both sides will have something to prove after their previous performances. The Aussies may be smarting after the drubbing at the hands (and feet) of the […]
Clarity on Co-Administration Agreements
Information Letter 2 of 2014, issued on 29 August, provides clear guidelines on what co-administration agreements should contain, and what not. The Registrar of Long-term Insurance is concerned that certain existing agreements do […]
Appeal against Debarment not Upheld
Details of appeals against decisions by the FSB’s Enforcement Committee provide very interesting insight into the practical application of legislation affecting most of our subscribers. What makes it even more interesting is that […]
Mooi Rugby is ook Wenrugby
Dit is baie bemoedigend om na vier weke van die kompetisie te sien dat die spanne wat bereid is om hardlooprugby te speel, bo-aan die punteleer is. Die Pumas se oorwinning oor die […]
Zambia – Sickbed macerations pose new threats to political stability
Zambia’s President Michael Sata (77 years old) is playing succession politics from his sickbed. He has sacked Justice Minister Wynter Kabimba – the clear favourite to take over in 2016 if the ailing […]
Carelessness can be Costly
The latest determination by the FAIS Ombud provides clear evidence that the moving of an insurance book is not merely a routine admin matter which can be left in the hands of others. […]
