The draft conduct standard on the “Requirements related to the payment of pension fund contributions”, which will replace Regulation 33 of the Pension Funds Act (PFA), was submitted to Parliament in December last […]
There will be dire consequences for the economy if South Africa’s measures to combat money laundering and terrorism financing are not brought up to international standards this year, the Financial Intelligence Centre (FIC) […]
With the end of the tax year fast approaching, investors who haven’t already done so should be considering making use of their R36 000 annual contribution to a tax-free savings account (TFSA). Jaco van […]
A tax-free savings account (TFSA) can help retirement fund members who bought living annuities to reduce their marginal tax rate, hence maximising their after-tax income, says Paul Hutchinson, a sales manager in Ninety […]
The MSCI World Index had its worst start to the year since 2016, falling 5.3% month-on-month, as concerns over spiralling inflation and higher interest rates, and the tensions between Russia and Nato over […]
Insurers that issue primary health insurance policies have been given another reprieve after the Council for Medical Schemes (CMS) extended the exemption for another two years, from 1 April 2022 to 31 March […]
An internal investigation by the Independent Regulatory Board for Auditors (Irba) uncovered irregular expenditure of almost R11 million, which arose from the regulator’s difficulty in complying with the procurement process when sourcing investigative […]
The annual costs to fund the Corporation for Deposit Insurance (CoDI) and the Deposit Insurance Fund (DIF) will work out to R14 per qualifying depositor, National Treasury told Parliament’s Standing Committee on Finance […]
The South African Special Risk Insurance Association (Sasria) was “not sure” why its risk analysis programme missed the warning signs of the unrest in July, according to the “Report of the expert panel […]
The Gauteng High Court has dismissed, with costs, an application by Fusion Guarantees and its directors to declare sections 154, 167 and 231 of the Financial Sector Regulation Act (FSRA) unconstitutional and invalid. […]
The provisions of the Prescription Act have resulted in the dismissal of a R2 million claim against Sanlam Private Wealth (SPW). This was despite the High Court finding that even if the money […]
The Fundisa education unit trust fund will not accept investments from the end of September this year, and Asisa aims to close the fund by the end of March next year, the Association […]
The FSCA forecasts it will have a total income of R949 million in the 2022/23 financial year, while its operating expenditure will be R967m, leaving it with a shortfall of R18m. This emerged […]
The Taxation Laws Amendment Act (TLAA) of 2021, which, among things, gives retirement fund members greater flexibility in terms of the type of annuities they can purchase, was promulgated on 19 January. The […]
Ninety One retained the trophy for South African asset manager of the year at the Raging Bull Awards last week. It won the most prestigious of the 10 Raging Bull awards for the […]
At the beginning of this year, Moonstone Information Refinery officially launched Moonstone Update, a video overview of the articles published over the past week in our newsletters, Investment Indicators and Moonstone Monitor. The […]
The Office of the Tax Ombud (OTO) has published a draft “Compendium of taxpayer rights, entitlements and obligations” for public comment. It is not an enforceable “bill of rights” but a compilation of […]
