Wouldn’t it be nice if:
there were no suspicions or clouds around our President and he was seen as a totally honest, humble guy who lived in accommodation that most people found surprisingly modest; South African drivers realised […]
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Prohibition of Inducements
The article we published last week certainly elicited wide reaction. What does the Act say? Section 44 on “Prohibition on inducements” reads: No person shall provide, or offer to provide, directly or indirectly, […]
Valid and Reliable Risk Tolerance Questionnaires
The introduction of the FAIS Act changed the rules of the game as far as programmes used to determine client needs, are concerned. Perhaps it is more accurate to say that it should […]
Australia conquered… again!
Deservedly the Proteas reaffirmed their position as the best test side in the world with an outstanding display in the third and final test. We all were a bit disappointed after the first […]
Afrikaanse Engels
We received a few responses to our invitation to share typical Afrikaans words that makes it such a unique language. What about “ja-nee”? Afrikaans is the most wonderful descriptive language – we cannot […]
Cash Management System Accounts
These accounts, according to the circular, are predominantly provided by Investec and Nedbank. The CMS Account is similar to a trust account maintained by professionals for the purpose of holding money on behalf […]
Sauce for the Goose…
The issue of inducements to effect insurance, which we discussed in Monday’s newsletter, is fast becoming a very hot topic, and it does not only relate to short-term products. One of our regular […]
Moving a Book?
The latest determination by the FAIS Ombud is a good example of why it is so necessary to make sure that you inform your client of any material changes to an existing product. […]
Perth – the final showdown
A result for the 3rd and final test seems very likely at Perth; this is if you take into the account that the recent Shield matches (Australia domestic 4-day competition) all ended well […]
Who enforces Penalties?
The content of an article in Moneyweb entitled Rogue broker ignores FAIS Ombud was covered in this newsletter in June. Frank McCarter and his wife are one of many investors who received bad […]
Dronkbestuur
Drie dikgesuipte mans klim in die taxi. Die bestuurder sien hulle is dronk en is nie lus vir moles nie. Hy skakel die taxi aan, en sommer weer af. “Ons is hier,” sê […]
Who let the dogs out?
This past year had its fair share of ups and downs. It is normal practice to review the year gone by, and hopefully learn from it. It also provides an opportunity to ponder […]
Is Insurer in Breach of Agreement?
A recent settlement between the FSB’s Enforcement committee and a direct insurer reads as follows: The parties agree that the offering of the Travel and Card Cash back benefits that formed part of […]
One Pint of Bitter, please barman
On Saturday night, the English team were drowning their sorrows, as yet another opportunity to beat South Africa, slipped through the cracks. The pub they were sitting in, is one of those typical […]
Oh, to be in England
It was quite scary, reading on Monday morning of the late citing of Eben Etzebeth. I quite like the way Gavin Rich put it: After a marathon disciplinary hearing, it was confirmed by […]
Queen’s message to USA after elections
To the citizens of the United States of America from Her Sovereign Majesty Queen Elizabeth II In light of your failure in recent years to nominate competent candidates for President of the USA […]
Jurisdiction of the FSB
Was it coincidence? I was working on this article on Tuesday, and on Wednesday saw an article in Sake24 entitled: Finansiële waghond ‘aan die slaap’. According to this report, the members of parliament […]
