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.

Valid and Reliable Risk Tolerance Questionnaires

The introduction of the FAIS Act changed the rules of the game as far as programmes used to determine client needs, are concerned. Perhaps it is more accurate to say that it should […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Queen’s message to USA after elections

To the citizens of the United States of America from Her Sovereign Majesty Queen Elizabeth II In light of your failure in recent years to nominate competent candidates for President of the USA […]

Jurisdiction of the FSB

Was it coincidence? I was working on this article on Tuesday, and on Wednesday saw an article in Sake24 entitled: Finansiële waghond ‘aan die slaap’. According to this report, the members of parliament […]

Final Date to register!

The final date for registration to write in this calendar year is this coming Thursday, 29 November, to write on 13 December. Your first exam opportunity in 2013 is on 14 January. Please […]

Enforcement Committee Penalties

In the last two weeks we saw a spate of media releases on Administrative Penalties meted out by the Enforcement Committee of the Financial Services Board. It is difficult to determine the basis […]

Inseta Vouchers Now Available

As reported recently, the Insurance sector SETA are making 1 000 vouchers available to candidates who want to acquire a recognised “full qualification”. This offer is open to all small enterprises, employing up […]