SARS pays back R10bn, but some taxpayers’ refunds are being withheld

Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.

Preparations for tax deadline

With the end of the tax year around the corner, everyone should be getting their tax documentation in order. In a recent Moneyweb article, Gareth Collier of Crue Invest (Pty) Ltd shares a […]

Expat tax kicks in soon – Those affected need to heed implications

South African’s living and working abroad are preparing themselves for the new amendments to the Income Tax Act, which have been dubbed the expat tax, to come into effect from 1 March 2020. The National […]

Healthcare broker accreditation – CMS announces online portal

Section 65 of the Medical Schemes Act provides that: ● No Person may act or offer to act as a broker unless the Council has granted accreditation to such a person on payment […]

Fintech update – FSCA mapping the current landscape

SA has a small but fast-growing fintech industry, presenting considerable benefits and risks. As a result, regulators need an understanding of the fintech landscape in South Africa in order to manage risks in […]

Festive season crime stats – Decline in some areas and increase in others

Crime has a huge impact on insurance, from short-term to health insurance. At a recent SAPS event, police minister Bheki Cele addressed the media on the festive season statistics for the period October 15 […]

OSTI rules against insurer – Faulty interpretation of the law

Is it a case of “innocent until proven guilty” or “guilty until proven innocent”? Although witnesses shared their views and not one piece of evidence was overlooked, a recent Ombudsman case study indicated […]

2020 Annual Compliance Webinar for FSPs without a CO – Registration opens tomorrow

The annual webinar, aimed specifically at Financial Services Providers NOT required to appoint a compliance officer, will be hosted on Thursday, 13 February 2020. The two hour session will once again provide insight into frequently […]

Digital reality check – Your client still prefers the personal touch

Globally, 93% of consumers still prefer talking over “tapping” when it comes to sharing their brand experience or seeking recommendations, according to a consumer study released by global measurement company Nielsen. Nielsen’s Real […]

Unclaimed retirement benefits – The dust should not settle

In May 2019, Rosemary Lightbody, the senior policy adviser at ASISA, indicated that despite the efforts already made by member companies, it is estimated that unclaimed assets worth R17.1 billion held in 147 221 products […]

Unclaimed retirement benefits – The dust should not settle

Proposed categorisation of financial advisers – Seven focus areas identified under RDR

The FSCA recently published RDR Discussion Document updates and, amongst others, requested input on various aspects of the adviser categorisation model. The seven key focus areas of the document are: Section 1: Terminology […]

Pension Fund penalty interest – Tribunal disagrees with PFA

Employer deductions from pension funds have raised many questions in the past. What is legal? Can a pension fund pay-out be delayed? Can damages as a result of theft or fraud be deducted, […]

Allianz Risk Barometer 2020 – Is cyber risk really South Africa’s top corporate concern?

The Risk Barometer is an annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS). The 2020 edition incorporates the views of a record 2,718 respondents in over 100 countries. […]

Allianz Risk Barometer 2020 – Is cyber risk really South Africa’s top corporate concern?

Latest RDR update on two-tier adviser model – What’s in a name?

The FSCA recently published various RDR (Retail Distribution Review) discussion documents for comment. One of the documents provides specific updates and requests input on several aspects of the adviser categorisation model. Purpose of […]