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.

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Guidance for Hedge Funds

The Financial Services Board published guidelines on requirements for advertising, marketing and information disclosure applicable to Hedge Funds. Following the declaration of hedge funds as collective investment schemes, all hedge funds are required […]

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NHI Update

A report in Business Day quotes Health Minister Aaron Motsoaledi as saying that he will present a revised version of the National Health Insurance (NHI) white paper to a cabinet subcommittee on Tuesday, […]

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Qualification and RE DOFA Deadlines Clarified

This article, published in September last year, is even more relevant today. A reader recently wrote: My query relates to the article headed “Qualification deadline at hand – 30 June 2016 is a very important […]

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Regulatory Exam Seats Filling up Fast

As the end of June draws near, availability for seats to write the exams before the DOFA deadline are becoming increasingly scarce. It is not only those who have to write before 30 June. […]

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Too Few Good Men?

The fate that befell former Finance Minister Pravin Gordhan and his deputy, Mcebisi Jonas, last Friday confounded most rational thinkers. The terse manner in which Gordhan was first recalled from the investor summit […]

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Lack of TCF seen as Aggravating Factor

The latest settlement agreement, between the Registrar and New National Assurance Company Limited, contains an interesting new slant to what we have become used to. The Registrar was of the opinion that the […]

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Register for fake qualifications proposed

Dankie Frans Petrus Zeelie van Moonstone Business School of Excellence vir die aanstuur hiervan. Chantall Presence writes in Business Report that steps are being taken to name and shame holders of bogus qualifications. […]

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Work smarter and harder

The Afrikaans idiom, “Van uitstel kom afstel” probably rings more true than the English equivalent: “Procrastination is the thief of time” as far as the financial services industry is concerned. Failing to adapt […]

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FSB Training intervention for Category I FSPs

The FAIS Supervision Department conducted a training intervention in 2014 for Category I FSPs who are not obliged to employ the services of a compliance officer. This continued during 2015 and 2016. During 2014 […]

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Illegal Incentives in the Motor Industry

Finance and Insurance Managers (“F&I managers”) in motor dealerships are registered representatives of financial service providers (FSPs), and as such they are bound by the provisions of the FAIS Legislation. The Registrar is […]

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Imminent changes to tax-free savings regulations

The National Treasury will shortly publish final amendments to tax free savings accounts regulations for the year beginning 1 March 2017. The amendments will include: The process for transfers clarify the policy position on performance […]

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The Journey to On-Demand Insurance

Worldwide references to “disruption” and the “on-demand economy” have been around long enough for us to have witnessed the start of its meteoric rise and globally, parts of the transport, food and general […]

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Credit life insurance regulations published

Final credit life insurance regulations were gazetted on 10 February 2017 and are scheduled to come into force in August this year. Only credit agreements concluded on or after the commencement date will be affected. […]

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Possible POPI Commencement Dates

ITWeb recently printed an article titled Regulatory quagmire awaits SA’s IT businesses which provides, inter alia, some idea of what we can expect in terms of the roll out of the Protection of […]

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DA Reacts to Demarcation Regulations

In a media release on the matter, the Democratic Alliance states: This poorly conceived decision demonstrates just how ideologically constrained the Ministers have become when it comes to ensuring that poor South Africans […]

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