People’s expenses change in retirement. Shouldn’t their income too?

Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.

Financial Intelligence Centre ‘freezes’ BHI Trust bank account

The court-appointed joint provisional trustees of BHI Trust are urging investors and creditors to submit their claim forms timeously.

Read, understand, and critically examine before you click

Online fraudsters are employing increasingly sophisticated techniques to scam the public out of their personal details and money.

Prison term of 15 years sends strong warning on tax fraud

Sentencing of business owner highlights Sars’s determination to combat tax fraud and non-compliance.

Director’s passport blocked amid efforts to recover Classic’s assets

Claim documents have been sent to creditors as the provisional liquidators take steps to recover assets and secure funds held in the name of Classic Financial Services One.

Criminal investigation into Classic Financial Services and its director gets under way

Investors in Classic Financial Services have been told to wait before filing any further applications for the exclusion of their interest in preserved funds following its liquidation.

Thursday briefing: a round-up of recent financial services news

FNB to expand adviser network | Extending mortgages to fund solar unwise | Bank staff sentenced for fraud | ANC-EFF coalition ‘worries investors’

FAIS Ombud answers our questions about Sharemax determinations

The FAIS Ombud, Advocate Nonku Tshombe, says it is impossible to blame the collapse of the Sharemax property syndications on the intervention of the South African Reserve Bank (Sarb) unless “pertinent questions” about […]

NPA’s decision to drop Sharemax prosecution will impact investors and advisers

In 2020, Magnus Heystek wrote an article titled A truly horrific chart with nowhere for the JSE to hide, in which he compared the returns of various investment options over the previous 10 […]

CMM curators still waiting for prosecutions

The National Prosecuting Authority (NPA) has yet to take action against those responsible for the losses incurred by investors in Corporate Money Managers (CMM), although the matter was brought its attention in 2017. […]

A wolf in sheep’s clothing?

The release of the first of three publications on the findings of the Zondo commission has certainly put the cat among the pigeons. The last two reports, due for release at the end […]