Court enforces restraints of trade in dispute between wealth management firms
The judgment shows that ‘reasonable apprehension’ can tip the scales in favour of enforcing trade restraints and confidentiality agreements.
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
MBSE’s top achievers balance work and study in financial planning
Emily Broodryk, Rion Malan, and Francois Mostert share why they found it rewarding to study for the Higher Certificate in Wealth Management at MBSE.
Finance Minister publishes FSP levies for 2024/25
Entities supervised by the FSCA are in for an increase of 6%.
Moonstone Compliance’s beneficial ownership webinar is fully booked
Please send us an email if you want to access the recording of the webinar.
Court rules on FAIS Act exception argument in dispute over commission
The judgment clarifies aspects of the FAIS Act, particularly regarding the nature of ‘advice’ and ‘intermediary services’.
Municipality ordered to pay R750 000 for pothole accident injuries
A municipality’s responsibility for road maintenance does not automatically make it liable for failing to meet that duty.
Final legacy RA exemption conditions published
Commentators did not raise any significant concerns in their responses to the draft conditions, the FSCA says.
Discovery Bank hits milestone of 1 million clients
Within five years of operation, Discovery Bank has differentiated itself in a competitive market by leveraging its shared-value model and innovative financial products.
‘Wow, am I smart.’ The most expensive phrase in managing investments?
Investors should prioritise risk management by regularly re-evaluating their portfolios, rather than chasing high-growth investments driven by market euphoria.
How Ithala’s licence suspension may affect clients and operations
While Ithala remains operational for existing clients, the search for a new sponsor and regulatory hurdles pose significant challenges.
SARS alerts fund members to the requirements for two-pot withdrawals
A request for a tax directive will be declined if a member is not a registered taxpayer or has outstanding returns.
Why your salary feels smaller: purchasing power plummets as debt levels soar
Even as inflation eases, high interest rates continue to erode incomes, forcing many South Africans to rely on loans to get by.
Understanding the division of retirement benefits at divorce
Understanding the nuances of ‘pension interest’ and ensuring accurate wording in the divorce order is vital to avoid complications.
Private equity fundraising in southern Africa hits 13-year high
The 2024 Private Equity Industry Survey shows a dramatic increase in the proportion of investments by firms with funds under management of over R5 billion.
Opportunities and challenges: women’s path to leadership in financial services
PSG executives Wendy Myers, Anet Ahern, and Karen Rimmer draw on their own experience to provide advice on how women can climb the corporate ladder.
FAIS Ombud clarifies remarks about consumers’ trust in their advisers
Trust is an essential element in the relationship between advisers and consumers, who have a responsibility to verify aspects of their adviser’s credentials and standing, says the Financial Planning Institute.
Adjudicator urges funds and members to communicate to avoid two-pot complaints
Members should find out whether they will be eligible to withdraw money from their savings components.
