Oiling the Rusty Nails
South Africa, for once, outplayed the All Blacks by clicking into top gear in their opening match of the season, unlike the Kiwis who sputtered like an engine requiring a major service. The […]
COFI Bill tabled in National Assembly
Treasury takes the next step in financial sector reform.
Swaziland – Lower reserves and cash flow problems
The Central Bank of Swaziland’s (CBS) Monetary Policy Consultative Committee (MPCC) held its latest bi-monthly meeting on May 23. Policymakers indicated that the short-term outlook for inflation includes notable upside pressures after the […]
Being A Curator Is Not For Sissies
By Denis Lloyd and Jerome Veldsman of Walkers Inc. (http://www.walkers.co.za/) Due to the vagaries of life, especially old age, many a person (let’s call her “Amy“) has difficulty managing her own financial affairs. […]
TCF in Practice
Treating customers fairly may be the new buzzword, but it has been applied in the industry for quite some time now. A perfect example of this comes from a formal ruling made by […]
The New Threatened Species
In May 2014, the Department of Education and Training published a list of the top 100 scarce skills, based on specific criteria. The document is sub-titled: Call for Comments on the National Scarce […]
Size does Matter
This is the only logical conclusion I could come to when I saw the Springbok team selected for the test against the International side on Saturday. One cannot fault the pack, including the […]
Retail Distribution Review: Activity-based Remuneration
We commented on this very relevant topic last week. More detailed information has since come to hand. We will use this over the next few weeks to discuss what will possibly be contained […]
Fraudulent Medical claims amount to billions
Legalbrief Today reported on a statement by Discovery Health’s CEO, Dr Jonathan Broomberg, that fraud in the medical schemes industry is estimated to cost SA between R8.22bn and R43.2bn. One of the latest […]
O Captain my Captain
It appears a foregone conclusion in the media that Victor Matfield will lead the Springboks until the return of Jean de Villiers. I am in agreement with this, but to disqualify Bismarck du […]
Zimbabwe – Economic policy may be emerging from the quagmire, but…
Zimbabwe’s decision to review its controversial indigenisation policy could stimulate the economy and change the fortunes of the country. So far, all we have is words, but we also have some real sense […]
June 30 Deadline
All those who are required to successfully complete the level 1 Regulatory Examinations by the end of June should note that the final dates for registration are: • Permanent Centres: 13 June • […]
TCF in your practice
The FSB published guides for small FSPs and asset managers on the practical impact of treating customers fairly (TCF) on their businesses. The harsh reality of TCF is, of course, that you could […]
Simplified Advice
It has long been my contention that, unlike the socks I buy at Woollies, there are few products which can satisfy clients’ needs with a “one-size-fits-all” approach, particularly in the financial services industry. […]
Welcome Breather Ahead
Thank goodness this is the final Super Rugby round for a few weeks. I was about to declare myself injured after all these matches which started more than three months ago. The break […]
Proposed Exemption from New Legislation
Alan Holton, an independent compliance practitioner and associate of Moonstone, recently shared the following information regarding amendments to the Financial Services Laws General Amendment Act of 2013. Financial Services Board Act 1990 and […]
FSB Outlook for the next 2 years
Improved customer service and fair advisor remuneration will be key features of the new financial services landscape. Jonathan Dixon, Deputy Executive Officer of the Financial Services Board’s Insurance Division, made some interesting comments […]
Bok team taking shape
They say that, in golf, every shot pleases someone – either the player, or his opponent. The bad news about the incumbent Bok captain probably solves a quandary for the coach while at […]
