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.

More on Hippo Comparative Services

Our article on Monday was based on the contents of an FSB media release. We were unable to verify the facts against the actual Enforcement Committee order as the FSB website was unavailable […]

My New Boyfriends

I am seeing 5 gentlemen (give or take) every day!. As soon as I wake up, Will Power helps me get out of bed. […]

De Bruyn Determination – FAIS Ombud

The most recent determination by the FAIS Ombud concerns the placing of a client’s investment in the ill-fated Blue Zone scheme. Reading it provides one with insight into the practical application of the […]

Are we “Trying” hard enough?

I blame the poor rugby, from all but one team, squarely on today being Monday the thirteenth, and I am doomed to try and find something positive to say after the way the […]

Hippo Comparative Services Fined R1 million

We received the following media release from the FSB over the weekend: The Registrar of Financial Services Providers (Registrar) referred a case against Hippo Comparative Services (Pty) Ltd (the Respondent), FSP number 16357 […]

FSB Information Letter 3 on Binder Regulations

The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrar’s interpretation of the regulations from a […]

Address changes

Drafting this article reminds me of the saying “preaching to the converted”. If you are reading this, then obviously your address on our database is correct. We do, however, receive many calls […]

All about nothing

We have all heard of some story or other about how some banks treat their customers. Here’s one that will knock your socks off… This happens to be a true story indeed!!!! Sometimes […]

FSB Information Letter 3 on Binder Regulations

Stokvels and Burial Societies Exempt from Licensing

Board Notice 43 of 2013 exempts Stokvels and Burial Societies from being licensed. This obviously means that they no longer fall under the jurisdiction of the FSB. It is very specific about who […]

Representatives under Supervision

In 2008, the FSB realised that the fit and proper requirements could prove to be a major obstacle for new people entering the industry. This was particularly true of the minimum experience requirements. […]

Bleeding in the Trenches

There was a short, almost implied comment in my morning paper which provided me with better insight into the current situation of the South African sides in the Super 15 competition. I read […]

FSB Presentations in 2013

The FSB published a list of communication events to be hosted by the FAIS Division between June and December 2013. The events are aimed at FSPs, key individuals, compliance officers and representatives. Please […]

Andy Capp, a time traveller?

It turns out that there’s a scientific and logical explanation for why people ( mostly men ) spend so much time in pubs and only get home in the early hours of the […]

Help is at hand

A reader recently wrote: Hi Paul I am really battling to put together a Risk Management Plan that makes any sense at all. I am a one man business and don’t even employ […]

FSB warns against NaxaInvest

In a recent press release, the Regulator warned the public against conducting business with NaxaInvest. It is not authorised as a financial services provider and is not a representative of an authorised financial […]