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.

Client Mandates

FAIS information circular 4 of 2012, published on 12 April 2012, contains information on bulk client transfers and the re-signing of client mandates. Most of the information below is copied directly from the […]

FAIS Act under Threat?

An extremely important court case, which could have severe implications for the FAIS Act, is currently under way in Pretoria. At stake is the FAIS Ombud’s jurisdiction to make determinations about investments in […]

NewGold Exchange Traded Fund (ETF)

Mike Brown, Managing Director, etfSA.co.za The NewGold ETF (GLD) issued by Absa Capital, is the most successful South African ETF measured by size. First listed on the JSE in November 2004, it now […]

You be the Judge II

This article in Thursday’s Moonstone Monitor elicited the biggest response in years. Many readers shared their views, and no doubt, their preparation for the regulatory exams was very evident. Thanks for all your […]

The gifted Horse

A group of Grade 3, 4 and 5 pupils, accompanied by two female teachers, went on a field trip to the Greyville Racecourse, to learn about thoroughbred race horses and the supporting industry, […]

You be the Judge

I received the following enquiry from a reader. It reflects a common problem which many FSPs experience when having to determine whether a person is merely providing administrative assistance, or actually giving advice, […]

Survey Assistance

ASISA’s Medical & Underwriting Standing Committee (MUSC) have requested our assistance in a survey of intermediaries on Standardised Critical Illness Definitions (SCIDEP). This applies to all advisors involved in life assurance. It aims […]

Reactions to article ''A matter of principle'''

Concerned Trainer writes It is encouraging to see representatives are questioning the legality of their actions, but should they not know this if they have passed the RE Level 1 exam? During the […]

Communicating with the Regulator

Callers to our offices sometimes express frustration trying to communicate with the FSB, and end up using us as a source of information. We obviously regard this as a major compliment, and try […]

Driving home the advantage

Bobby Londt reports: After the epic lesson given at The Oval, the cricketing world keenly awaited the next round of this mini world championship. The second tests starts today at Headingley in Leeds. I […]

Bumble in the Jungle

One can throw stones, make excuses or simply swear or cheer, but the fact remains that the Sharks simply peaked at the right time, while the Stormers did not, on Saturday. Watching the […]

Paddy the Painter

A painter by the name of Paddy Murphy, while not a brilliant scholar, was a gifted portrait artist. Over a short number of years, his fame grew and soon people from all over […]

Let the Master Beware

Is a bank liable when an employee gives misleading investment advice? A recent finding by the FSB’s Appeal Board indicates that this could in fact be the case. Space does not allow us […]

New Spot for RE Roundup

From Thursday onwards, we will move this section of the newsletter to a new slot. We strive to keep our articles fresh and newsworthy, and we would hate to be seen to underestimate […]

Harsher Measures for Non-Compliance

While this heading may initially raise a collective sigh of exasperation, those who operate within the law should actually heave a sigh of relief. At the FSB’s annual Conference in Cape Town yesterday, […]

Latest Statistics Encouraging

Earlier this week, there was a discussion on the regulatory exams on Radio Sonder Grense where a broker André, from Cape Town, said that, as far as he knows, the pass rate is […]