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.

Padongelukkefonds eise en mediese skema terugbetalings

Geplaas met die vriendelike toestemming van Van der Spuy en Genote. Jy was in ‘n motorongeluk betrokke en jou mediese fonds het jou mediese kostes gedek. Op advies van jou prokureur het jy […]

Market Conduct Regulation and Consumer Protection

The “Draft Market Conduct Framework” contains an example of a short-term claim to show how the new format, under Twin Peaks, will allow the Regulator to act in a more pre-emptive manner. The […]

FSB FAIS Circular 4 of 2015

The FSB published a Guidance Note on the Interpretation and Application of Section 13(1)(c) on 24 June 2015. This document has specific bearing on “…authorised financial services providers who wish to conduct financial […]

Unintended Consequences

Twenty one years on, and our fledgling democracy is still in the process of adapting to the real, modern world. Quite often, legislation is enacted with the best of intentions, only to achieve […]

Low Cost Benefit Options for Medical Schemes

The Council for Medical Schemes (CMS) published Circular 54 of 2015 which contains details of the framework and principles to allow the introduction of Low Cost Benefit Options (LCBOs) within the medical schemes […]

Can you cancel a contract by email?

Published with the kind permission of Van der Spuy & Partners Your agreement is signed, sealed and delivered! You know that in the agreement a non-variation clause stipulates that no variation or consensual […]

Sub-agent Accountability

Proposal I in the RDR draft document (see link below) provide for the inclusion of specifically identified forms of referrals and leads in the regulatory framework as a form of financial intermediation. It […]

Sub-agent Accountability

Proposal I: Conduct Standards for referrals and lead generation Certain specifically identified forms of referrals and leads will be included in the regulatory framework as a form of financial intermediation, and will be […]

What style of play will win RWC 2015?

We are currently spoilt for choice, watching replays of previous RWC matches on Supersport. I made some notes while reliving past glories. The soggy match between the Springboks and France in Durban in […]

Demarcation regulations and low cost benefit options

Legalbrief Today published an article on 3 September titled “New health cover demarcation regulations imminent” which notes that the final demarcation regulations for short and long-term health insurance will be gazetted in September. […]

Fitch Withdraws FSB Registration

Fitch Ratings announced on 4 September that it has decided to withdraw its Financial Services Board (FSB) credit rating agency registration of its South African subsidiary, Fitch Southern Africa (Pty) Ltd. “The decision […]

Poor Administration or Negligence

Section 11 of the General Code of Conduct states: `A provider must at all times have and effectively employ the resources, procedures and appropriate technological systems that can reasonably be expected to eliminate, […]

Dis nie net ons nie

Nou dat die klaagliedere van Jeremia stadig maar seker afneem, na die aankondiging van die span wat Suid-Afrika by die Rugby Wêreldbeker gaan verteenwoordig, kry mens ‘n ietwat meer gebalanseerde kykie op die […]

Ponzis and Pyramids

City Press recently published a very interesting article by Neesa Moodley titled The problem with Ponzis and pyramids. Everyone wants to get rich, and some want it to happen as fast as possible. This is often the reason […]

PI Pointers

The Insurance Institute of South Africa (IISA) recently hosted a forum where the issue of Liability was discussed. One aspect which caught my eye concerned PI cover. While many of us are aware […]

Writing endowments in your clients' best interests – Patrick Cairns

Last month’s article, on whether there is still a place for endowments, drew a range of responses. Given some of the strong opinions expressed, it is worth considering how IFAs can ensure that, […]