FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
Dis ‘n Slagveld
Hierdie week se voorskou fokus amper meer op wie nié kan speel nie, as die spanne se samestelling self. Bulle lyk Beter Die span vir Saterdag se wedstryd teen die Brumbies is aansienlik […]
Krediete en Kwalifikasies
Die volgende aanhaling verskyn in die FSB se Voorbereidingsgids vir die Regulatoriese Eksamens: Die gewysigde geskikte en gepaste vereistes wat in 2008 aangekondig is, het die finansiële dienste bedryf aan ‘n nuwe konsep […]
Marketing is not about the obvious…
In response to last week’s warning against the C-Nile virus, Elize wrote: “Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.” Knocking on […]
The Devil made me do it
One of the first determinations by the FAIS Ombud concerned a complaint against an advisor who said, in her defence, that she did not place a client’s funds in an investment that went […]
Dangerous Rumour
We hear that there are people who believe that the 31 March 2013 deadline can be bypassed by simply placing representatives who have failed, under supervision. This is not correct. Representatives If the […]
FSB’s Enforcement Committee
The Registrar of Financial Services Providers (Registrar) referred a matter against EQ.FIN (Pty) Limited (EQ.FIN) to the Enforcement Committee of the Financial Services Board. The referral relates to a contravention of regulation 3(b) […]
A Fair to Mild Weekend
A seriously busy sporting weekend at times produced lighter moments, too. In the Bulls/Reds match, I found it very funny when the Reds received a Yellow card when Lance did a Spear tackle […]
The Nile Virus Strikes Again
I thought you would want to know about this e-mail virus. Even the most advanced programs from Norton or McAfee cannot take care of this one. It appears to affect those who were […]
FSB Preparation Workshops
When you miss a good movie, you can always wait until the DVD is released. If you missed the FSB workshop on preparing for the Regulatory Exams, you can view it on DVD. […]
A matter of Record
We receive many enquiries from readers who require an official record of their qualifications as listed by the authorities. The Inseta website is the place to find this. There are specific guidelines on […]
Aussie Onslaught
This weekend sees four of the five SA sides take on Aussie opponents. All local supporters are hoping for a “four Aces” hand, but that could be wishful thinking, unless we see a […]
Disability a Rich Source of Future Business
An independent survey conducted by True South Actuaries & Consultants, and commissioned by FMI Income Protection Specialists in March 2013, revealed that the South African disability insurance gap currently stands at R11.1 trillion. […]
Does Financial Advice add Value?
Andy Capp was one of my favourite cartoon characters. One day, as they are strolling home, Andy appears to be particularly dejected. When Florrie asks him what is wrong, he responds that he […]
Sharemax Direkteure doen aansoek om Appél
Die Siegrist uitspraak van die FAIS Ombud gaan betwis word. In hierdie opspraakwekkende beslissing is 4 direkteure van Sharemax Beleggings aanspreeklik gehou vir die verliese wat beleggers gelei het in die Villa en […]
