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.

Too little too late

This may very well be the lament of both the Stormers and the Sharks, after the weekend’s disappointing losses. Neither team should have lost their respective matches, yet suffered self-inflicted defeats. The Kings […]

Applying for an Exemption

We pointed out on Monday that the information appearing on the FSB website differed from what we understood the process to be. We referred the matter to the Regulator, and received an amended […]

Disclosure of Material Terms

What obligations are there on you to provide clients with a reasonable explanation of the material terms of their policies? This topic is very relevant in terms of the recent Jerrier case, which […]

Paraprosdokians wordplays

A paraprosdokian is a figure of speech in which the latter part of a sentence or phrase is surprising or unexpected in a way that causes the reader or listener to re-frame or […]

Explanatory Note on Board Notice 65 of 2013

We received the document below in the form of a media release on 24 April 2013. It appears that a substantial number of people applied for an extension of the final date to […]

Super 15 Week Twelve

This public holiday in the middle of the week really messed up my biological clock. When I woke up this morning, going to work was the last thing on my mind. Then, when […]

The Men’s Club

A group of chaps, all aged 40, discussed where they should meet for lunch. Finally it was agreed that they would meet at the Ocean View restaurant because the waitresses there were gorgeous, […]

Industry News Summary

Readers who, like us, find value in the monthly summary of industry events published by InsuranceGateway can click here for a copy of the April summary. The very topical issue of “underwriting at […]

Temporary Disability Offers New Opportunity

FMI, an income protection specialist company, retained True South Actuaries and Consultants to investigate the market for disability cover in South Africa and report on such efficiencies and inefficiencies as are found. Their […]

Date of First Appointment Enquiry

I have been working in an insurance department in August 2010 until November 2011 then worked in a non-insurance department from December 2011 until June 2012. In July 2012 I have been working […]

RE Exemption Applications

The FSB announced that candidates who applied for an exemption afforded under Board Notice 65 of 2013 will be allowed to continue doing business until such time as the result of their application […]

A Sweet and Sour Weekend

On Friday, the Stormers reverted to their tried and tested approach in grinding out a two point win against the Hurricanes. How ironic that their winning margin was thanks to the never-say-die spirit […]

How to Apply for an Exemption

The Procedure to apply for an exemption/extension is as follows: The application must be addressed to The Registrar: Financial Services Providers. The applicant is required to write a letter explaining what efforts were […]

Healthcare Guidelines

The recent document updating the Medical Schemes Council policies and guidelines contained two items which may be of interest to readers. Orphan Client Allocation “…when a member has been admitted to a scheme […]

RE Update: FSB Grants Exemption

The Regulator published the following explanatory note on Board Notice 65 of 2013, which was in the Government Gazette on Tuesday. It concerns an exemption granted to applicants who applied for an exemption […]

A lesson or two from Noah

Noah’s Ark: Everything I need to know, I learned from Noah’s Ark. ONE: Don’t miss the boat. TWO: Remember that we […]