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.

Rights of Homeowners Association

You bought property in a security estate managed by a Homeowners Association (HOA.) The property was expensive but in your mind an investment in your future. However, personal financial constraints have made you […]

FSP Contractual Obligations

Employers will have to ensure that they have all their ducks in a row once the Financial Sector Regulation Bill is passed. There are two aspects, in particular, where the new legislation will […]

Appeal Board Halves Debarment Period

An appellant received an early Christmas box on 24 December when he appealed successfully against a five year debarment for failing to meet the personal character qualities of honesty and integrity. The FSB debarred […]

Where to now, Proteas?

The ticking time bomb which threatened since the departure of stalwarts like Smith, Kallis and Boucher finally exploded. Losing our number one spot in the world rankings came as no surprise. My colleague, […]

Moonstone/Webber Wentzel Regulatory Update Workshops 2016

The following topics will be discussed in more detail: The impact of the Financial Sector Regulation Bill on your business The FSR (Twin Peaks) Bill will change your regulatory landscape and your Regulator. […]

Actions flowing from Binder Thematic Review findings

The review focused on 4 main areas: Compliance of binder agreements with regulatory requirements Governance and oversight of binder arrangements Reporting systems and access to information; and Binder fees paid to non-mandated intermediaries […]

The importance of proper record keeping

The Buthelezi determination by the FAIS Ombud, signed on 12 January 2016, highlights again the need for accurate record keeping and the dangers inherent in not completing an application form fully whilst at the client. […]

RDR General Status Update on Investments

The information contained in the update published in December is divided into seven “Themes”. This article provides a summary of some of the points discussed in Theme 2: Investments. At the end of the […]

Testing Times

Michael Vaughn, the former English skipper, has some interesting views in the Telegraph on the important third test between England and the Proteas at the Wanderers. Anderson and Broad will be very intimidating […]

Issues after the sale of a Brokerage

The issue of accountability for an omission was covered in a FAIS Ombud determination issued on 8 December 2015. It also provides insight into what happens in this regard after the sale of a business […]

RDR Update on Short-term Insurance

Theme 4 of the recently published RDR General Status Update by the FSB expands on items discussed in the RDR Phase 1 Status Update document, published a few weeks earlier. Key stakeholder feedback and […]

Proposed Amendments to Competency Requirements

The proposals concerning competency requirements under the new Fit and Proper regulations, published in December 2015, include the following: Experience It is proposed that, in order for a person to be approved as a […]

The Proteas are back with a vengeance

The great fight back by the Proteas in the second test at Newlands gave supporters a lot of hope for the remaining matches. Time at the crease were sorely needed after the debacle […]

Tax amendment Bill passed

The tax harmonisation reforms of retirement funds will be implemented from 1 March 2016. What are the changes that will come into effect on 1 March 2016? “The Taxation Laws Amendment Act, 2013 will come into effect […]

Good BYA PAIA in the SKYA

The Promotion of Access to Information Act came into being in the year of our Lord 2000. When it was eventually discovered that virtually every person in South Africa, including the informal street […]

Outsourcing Outlook in 2016

The recently published status update on phase 1 of the RDR proposals provided insight into the Regulator’s thinking after receiving feedback from the industry on two proposals contained in the original RDR discussion […]