FSB Acts Against RE Dodgers

The title of this article reminds me of a Dickens character. From immediate reactions we received, it appears that not all those who missed the June deadline are artful dodgers. Some simply expected […]

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Illegal Inducements Update

The FSB contacted us, following last week’s article entitled What’s Sauce for the Goose to get more information about the correspondence between a broker and their own consultant. We used the opportunity to […]

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Sny drank uit

Beste Paul Na aanleiding van jou onlangse versoek dat ons jou van interessante gebeure en hoogtepunte in 2012 vertel. Wel, my hoogtepunt is dat my gesondheid hierdie jaar baie verbeter het. Soos die […]

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Inseta Network

A constant refrain in comments from readers is the number of service providers who, in their opinion, jumped on the band wagon to make money out of advisors. Here is an opportunity for […]

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Wouldn’t it be nice if:

there were no suspicions or clouds around our President and he was seen as a totally honest, humble guy who lived in accommodation that most people found surprisingly modest; South African drivers realised […]

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Prohibition of Inducements

The article we published last week certainly elicited wide reaction. What does the Act say? Section 44 on “Prohibition on inducements” reads: No person shall provide, or offer to provide, directly or indirectly, […]

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Afrikaanse Engels

We received a few responses to our invitation to share typical Afrikaans words that makes it such a unique language. What about “ja-nee”? Afrikaans is the most wonderful descriptive language – we cannot […]

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Cash Management System Accounts

These accounts, according to the circular, are predominantly provided by Investec and Nedbank. The CMS Account is similar to a trust account maintained by professionals for the purpose of holding money on behalf […]

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Sauce for the Goose…

The issue of inducements to effect insurance, which we discussed in Monday’s newsletter, is fast becoming a very hot topic, and it does not only relate to short-term products. One of our regular […]

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Moving a Book?

The latest determination by the FAIS Ombud is a good example of why it is so necessary to make sure that you inform your client of any material changes to an existing product. […]

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Who enforces Penalties?

The content of an article in Moneyweb entitled Rogue broker ignores FAIS Ombud was covered in this newsletter in June. Frank McCarter and his wife are one of many investors who received bad […]

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Dronkbestuur

Drie dikgesuipte mans klim in die taxi. Die bestuurder sien hulle is dronk en is nie lus vir moles nie. Hy skakel die taxi aan, en sommer weer af. “Ons is hier,” sê […]

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Who let the dogs out?

This past year had its fair share of ups and downs. It is normal practice to review the year gone by, and hopefully learn from it. It also provides an opportunity to ponder […]

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Is Insurer in Breach of Agreement?

A recent settlement between the FSB’s Enforcement committee and a direct insurer reads as follows: The parties agree that the offering of the Travel and Card Cash back benefits that formed part of […]

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One Pint of Bitter, please barman

On Saturday night, the English team were drowning their sorrows, as yet another opportunity to beat South Africa, slipped through the cracks. The pub they were sitting in, is one of those typical […]

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Oh, to be in England

It was quite scary, reading on Monday morning of the late citing of Eben Etzebeth. I quite like the way Gavin Rich put it: After a marathon disciplinary hearing, it was confirmed by […]

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