Labour Court upholds restraint of trade, warning against confidentiality breaches
Two insurance brokers found themselves under the scrutiny of the Labour Court, as they were called to account for soliciting clients from their previous employer.
SARS’s discretion to write off temporarily an amount of tax debt while a company is subject to business rescue will be reviewed.
Read moreTwo insurance brokers found themselves under the scrutiny of the Labour Court, as they were called to account for soliciting clients from their previous employer.
The previously separate credit, banking, and long-term and short-term insurance ombud schemes are now under one roof.
Meanwhile, Solidarity suffers a setback in its efforts to halt the government’s preparations for implementing the system.
Accountable institutions are required to scrutinise client information against the targeted financial sanctions lists to identify designated persons and entities linked to clients.
There is a high degree of consensus over the reform recommendations put forward by the World Bank Group, says Treasury.
And the requirement to accept oral complaints applies to financial institutions, not only ombuds.
South Africa’s core fiscal challenge is to get the gap between economic growth and the cost of borrowing back into positive territory.
The reasons for the sanction are virtually identical to those that saw the Authority fine an FSP earlier in February.
Independent intermediaries must adhere to the conditions if they want to rely on the exemptions from the regulations under the Short-term and Long-term Insurance Acts.
The regulator says its ‘leniency regarding direct marketing through unsolicited electronic communications is going to be a thing of the past’.
MBSE’s CPD subscription packages are designed so that FSPs and their representatives can obtain their CPD hours.
For the first time, theft, fraud, and corruption have surged onto the Allianz Risk Barometer’s top 10 business risks for South Africa.
The commissioner says the Revenue Service has put measures in place to meet the revised estimate for revenue collection.
Research on behalf of the Actuarial Society recommends prohibiting individuals with minor injuries from submitting loss of income claims.
SA has staggered deadlines by when it must address the 17 outstanding items on the global body’s 22-item Action Plan, to get off the grey list.
The summons is a result of SARS’s purported inability to collect taxes owed by former clients that were allegedly part of an international criminal syndicate.