The End of Sign-on Bonuses in Sight
The whole messy business of institutionalised churning reminds me of the wise words of George Bernard Shaw: “A government that robs Peter to pay Paul can always depend on the support of Paul.” […]
FSCA can serve penalty notices electronically on foreign respondents
As a result of the declarator, the High Court ordered the Tribunal to revisit its decision regarding the R50m fine imposed on Viceroy Research.
Levy Deadline for Rep Register
The FSB and FAIS Ombud levies are calculated on the status of your FSP as at 31 August every year. Any changes to the rep register must be conveyed to the FSB within 15 days. […]
Who wants it most?
When Australia hosts the Springboks on Saturday, both sides will have something to prove after their previous performances. The Aussies may be smarting after the drubbing at the hands (and feet) of the […]
Clarity on Co-Administration Agreements
Information Letter 2 of 2014, issued on 29 August, provides clear guidelines on what co-administration agreements should contain, and what not. The Registrar of Long-term Insurance is concerned that certain existing agreements do […]
Appeal against Debarment not Upheld
Details of appeals against decisions by the FSB’s Enforcement Committee provide very interesting insight into the practical application of legislation affecting most of our subscribers. What makes it even more interesting is that […]
Mooi Rugby is ook Wenrugby
Dit is baie bemoedigend om na vier weke van die kompetisie te sien dat die spanne wat bereid is om hardlooprugby te speel, bo-aan die punteleer is. Die Pumas se oorwinning oor die […]
Zambia – Sickbed macerations pose new threats to political stability
Zambia’s President Michael Sata (77 years old) is playing succession politics from his sickbed. He has sacked Justice Minister Wynter Kabimba – the clear favourite to take over in 2016 if the ailing […]
Carelessness can be Costly
The latest determination by the FAIS Ombud provides clear evidence that the moving of an insurance book is not merely a routine admin matter which can be left in the hands of others. […]
More on Healthcare Products Debate
Two recent articles in Business Day highlight the need for circumspection before implementing the demarcation proposals. The Board of Healthcare Funders (BHF) pointed out that the affordability of medical schemes is seriously hampered […]
Proteas Bloom
The single biggest reason why I enjoy a South African victory over an Australian side, more than one over the English, is that the Aussies are usually much more competitive. I was fortunate […]
Are Agencies Over-Rated?
Barbara Kiviat*, a former Time staff writer, noted in an article last year on the global financial crisis that the jury is still out on what exactly happened, and who is to blame, […]
The “Bettle” of the Breakdown
This call by Breytie before the match turned out to be accurate, but the match was won out wide by a rampant All Black side against a shell-shocked Australia. The pace was frenetic […]
Kenya – Factional struggles over Cord referendum plan
Factions are forming for and against the opposition Coalition for Reforms and Democracy (Cord)’s plan to force a referendum. The main fault line, unsurprisingly, is between Cord and the ruling Jubilee coalition of […]
Nigeria – APC wins Osun governor's election
Rauf Aregbesola of the opposition All Progressives Congress (APC) has won re-election as governor of Osun State in the south-west. Mr Aregbesola won over 56% of the almost 700,000 votes cast in the […]
Registrar authorises portfolios to ‘side pocket’ ABIL debt
The Registrar of Collective Investment Schemes (CIS) will allow CIS managers to create new funds, known as “side pockets”, to host African Bank Investment Limited (ABIL)’s debt instruments. The move seeks to assist […]
Key Individual Qualification Requirement
From enquiries we receive it appears that there is much confusion about qualification requirements for the appointment of key individuals. Much of this stems from the so-called transitional period before 2010 when allowances […]
National Credit Act Training
A recent article posted on Bizcommunity provided a summary of the amendments to the National Credit Act which was published on 19 May 2014. The amendments aim to provide added protection for consumers, […]
