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Primary health insurance policies can be sold for another year
The exemption will remain in force for 12 months unless a decision is made on low-cost benefit options before 31 March 2025.
Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.
Read moreThe exemption will remain in force for 12 months unless a decision is made on low-cost benefit options before 31 March 2025.
Nirvesh Financial Services was also penalised for failing to ensure that its representatives, Veracity and its directors, complied with the applicable laws.
Investors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.
The complainant was aggrieved because he received R470 000 from the R700 000 put into an investment plan with income.
SARS rakes in more from personal income and VAT, but corporate tax slumps by almost 9%.
The Authority will deem financial statements and other reports as outstanding until they are correctly captured and submitted on the FAIS e-Portal.
The Financial Intelligence Centre has revised the reports first issued in March 2022.
Coenraad Botha and his wife are facing 64 charges in Namibia related to an alleged illegal investment scheme involving N$163 million.
The agenda includes FICA compliance, the roll-out of Omni-CBRs, and managing the risks around business email compromise.
The recent ruling by the High Court underscores the Road Accident Fund’s obligation to reimburse medical scheme members for past medical expenses covered by the injured person’s medical scheme after a motor vehicle accident.
South Africa’s second-largest insurer is set to launch a bank that will focus on capturing the mass market segment.
A high-value good is an actual physical item, and facilitating the trade of high-value goods does not make one a HVGD.
The FSCA has launched the second and final batch of the 22-module online course for board members of retirement funds.
The unlawful impersonation of authorised FSPs to convince the public to part with their money is increasing.
The judge criticised Bankman-Fried for his lack of remorse and stated that he knew his actions were criminal.
Lapses and surrenders fell slightly in 2023, while consumers purchased more risk and savings policies than they did in 2022.