Causal Event Charges Challenged – Part I
We recently came across an example of just how loaded the dice are against clients wishing to effect section 14 transfers. When requesting a quote for such a transfer, the client was informed […]
Best Practice
Buying a Business?
Financial advisers wishing to buy or sell businesses in South Africa are very much in the dark as to how to go about doing it, and very little support is available. Centurion Market […]
The Journey Towards Greater Client Centricity
By Florence de Vries It is no secret that, in a few years’ time, only today’s general insurance game-changers will be left standing. Research shows that today’s insurance customer is discerning, time-poor and […]
FSP FICA Obligations
There appears to be a fair amount of uncertainty about what exactly a financial adviser’s obligations under the Financial Intelligence Centre Act are. I suspect that, in many instances, many would rather NOT […]
2016 Budget Tax Bills
On 8 June, National Treasury and the South African Revenue Service (SARS) published the 2016 Draft Taxation Laws Amendment Bill (TLAB) and the 2016 Draft Taxation Laws Amendment Bill (TALAB) for public comment. […]
Keeping Customers Satisfied
This has always been an important component of business, even before Simon & Garfunkel turned the phrase into a hit song. A recent article on customer views of short-term insurers, led me to […]
Credit Provider Registration
The article below was written by Janine Will, Senior Associate in the Commercial Department of Garlicke & Bousfield Inc, and published in Commercial Law News. The current legal requirement that only those credit […]
Right to Privacy on Social Media
“My business partner managed to get hold of my Facebook password without my knowledge. I’m unhappy with the running of the business and have been talking to clients on Facebook about moving to […]
Who nominates the transferring attorney?
“I’m buying my first property. I’m quite nervous about everything and a friend of mine who is a conveyancer said she would help me with the transaction. However the seller is refusing and […]
Case Studies from the Short-term Ombud
Ombuds often provide practical insight into how our industry should operate. Material Misrepresentation or Simple Oversight? Mr. D contacted the insurer to insure a newly purchased vehicle. During the underwriting of the policy, […]
SuraPure Update
The Financial Services Board published a warning against conducting business with a Mr Cornelius Petrus van der Merwe and Invest Daily Profit (IDP) who appears to be acting as a financial services provider, […]
FIC Registration Turmoil
The alarm bells went off just after 8 am last Thursday as we started getting frantic calls from compliance officers about ORG Number notification emails sent to FSPs with instructions how to verify […]
Can I change my tenant’s locks?
“I’ve been leasing a small townhouse to a young tenant. Unfortunately, the tenant is terrible at paying his rent and offers excuse after excuse. I’m fed up with the situation and just want […]
Objective Product Recommendation and Advice
The FSB is still grappling to find an equitable solution to the ideal adviser categorisation model. It seems to have moved away from the original thinking which provided for three categories. In particular, […]
Regulating social media use by employees
“Recently one of my employees posted a number of defamatory comments via her various social media platforms regarding some of her colleagues. I have already addressed the matter with her individually, but would […]
Living or Guaranteed Annuity?
Patrick Cairns of Moneyweb recently published an article on this question which is particularly relevant in the current climate of expected interest rate increases. Q: I retired last year and invested my capital […]
Surveys show bleak picture
It should come as no surprise that executives of South African companies are less optimistic today, compared to a year ago. A recent survey by Mercantec reveals the CEOs in the financial services […]
