Damned if I do…
This may well be the mantra that Heyneke Meyer is chanting after selecting Oupa Mohoje in the starting line-up for the test against Australia at Newlands on Saturday. Had he opted for the […]
Latest FATF review puts South Africa under a harsher spotlight
Treasury says the country already has most of the rules it needs; the challenge now is proving that institutions are using them effectively.
Retail Distribution Review Update
An article in Business Day last week provided an update on the long-awaited white paper on the Retail Distribution Review (RDR), which appears to be due any day now. Caroline da Silva, DEO […]
Pickvest Appeals to High Court
Last week was not a good one for the two most prominent property syndications in the country. We reported elsewhere about the woes of Sharemax, and now Picvest also made the headlines. This […]
SARS and Sharemax
Sharemax made the headlines again last week, after a relatively long lull in media exposure. It was reported that SARS applied to the North Gauteng High Court to liquidate Sharemax Investments in view […]
SARU created its own monster
By Bobby Londt An interesting development has transpired regarding overseas Boks, more specifically the “Toulon” Boks, over the last few weeks. If you have not read about it – it basically relates to […]
Regional – West Africa – International moves against still-spreading Ebola
Western governments and international organisations have started taking real action against the unrelenting spread of the Ebola virus. On Thursday, September 18, the United Nations (UN) Security Council adopted a US-sponsored resolution in […]
Think TCF Part 2
Outcome 2: Financial services & products rendered to clients are designed to meet the needs of clients. Your first thought is possibly: this does not apply to me. Think again. This outcome of […]
New Directive from the FIC
Section 29(3) of the Financial Intelligence Centre Act states that all persons who submitted or are obliged to submit a report, may not disclose that fact or any information regarding the contents of […]
The Newlands Derby
The Rugby Championship log reminds me of horse racing. The winner appears to have an unassailable lead, while two of the also-rans will fight it out for the second spot. New Zealand is […]
Tax free savings accounts
The information below was extracted from the draft explanatory memorandum on the Taxation Laws Amendment Bill, 2014, published on 17 July 2014. Tax free savings accounts are proposed from 1 March 2015 as […]
Consumer Credit Insurance Workshop
The National Treasury and Financial Services Board invites the public to attend a Consumer Credit Insurance (“CCI”) workshop which will discuss the findings and focus areas arising from the “Technical Report on the […]
Input on Proposed Guidance Notice
The Deputy Registrar of Financial Services Providers invited industry input on a proposed Guidance Note on the interpretation and application of section 13(1)(c) of the Financial Advisory and Intermediary Services Act, 2002. This […]
Application for Exemption
Application for Exemption The FSB recently published a document titled, “Application for an exemption in relation to Qualifications and regulatory examinations”. It sets out how one should go about applying for an exemption, […]
The Real Future of Financial Advice in Australia
By Steve Manning It’s been a strange time In the same week the senate inquiry released a damning report against the financial advice provided by Commonwealth Financial Planning (CBA), the government quietly rolled […]
Think TCF – Part 1
A survey amongst FSPs would very likely reveal a “wait and see” approach from the majority of smaller businesses as far as Treating Customers Fairly is concerned. Many of those who adopted a […]
Retirement Provision Concerns
In an address to parliament on 4 September, the Minister of Finance expressed concern over the number of people resigning to get their hands on money in their pension and provident funds. The matter […]
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 […]
