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Industry News

03 Oct 2019

SARB announces top 12 fintech solutions for Global Fintech Hackcelerator @ Southern Africa

  The top 12 innovative and sustainable fintech solutions have been shortlisted for the Global Fintech Hackcelerator @ Southern Africa, the SA Reserve Bank (SARB) says in a statement. The SARB will host a Fintech Demo Day on 29 October 2019 to select the two winning solutions.
03 Oct 2019

Financial education is everyone’s responsibility

By Nigel Willmott CFP®, Franchise Principal Momentum Consult, Clearwater. South Africa is in the midst of a savings crisis – we simply don’t have enough money to last us in retirement. We are also R1.6 Trillion in debt. One of the best chances of addressing the situation is if industry players and professionals work together...
02 Oct 2019

FSCA imposes R100m fine on MET Collective Investments

The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R100 million on MET Collective Investments (Pty) Ltd (METCI), for contravening various sections of financial sector laws, amongst others section 4 of the Collective Investments Schemes Control Act, 45 of 2002 (CISCA) and Board Notice 90 and 92.
02 Oct 2019

The Rule of Law’s role in attracting foreign investment

The strength of the Rule of Law in a country ranks among the top three considerations when multinationals make decisions about where to locate foreign direct investment – above considerations such as the cost of doing business and access to national and regional markets.
02 Oct 2019

Crypto accountants to ensure crypto tax compliance

A recent report from Israeli blockchain portfolio platform, Blox, reveals that a new breed of digital-savvy accountant is emerging. These blockchain boffins are arriving not a moment too soon, as tax authorities around the world begin clamping down on cryptocurrency disclosures.
02 Oct 2019

Key estate planning factors to consider when moving abroad

By Theunis Ehlers, Director, Citadel Fiduciary. In our modern, globalised world, many people are moving abroad, whether just temporarily or permanently emigrating, or they have children who have moved abroad. However, there are quite serious financial considerations that must be taken into account when deciding to emigrate, if you are to avoid an extremely nasty...
02 Oct 2019

Information advisers can rely on

LexisNexis publishes an extensive range of financial services, tax and trust publications. Content includes legislation, commentary and case law.
02 Oct 2019

Education, employment and the funds required to fill the gap

91% of 1 845 recently polled South Africans considered education key to their future success. 77% believed a qualification made people more employable. 92% believed their children would need more than one qualification to ensure gainful employment. These findings emerged from a recent survey commissioned by Sanlam and executed by Ova to You.
02 Oct 2019

Sasria presents powerful figures showing a state-owned success

State-owned short-term insurer Sasria SOC Ltd (Sasria) has once again presented Parliament with a welcome set of clean and sustainable figures as detailed below: Gross written insurance premium up by 8.8% to R2,1 billion Net Insurance claims up by 138.1% to R1.5bn Combined loss ratio up by 73% to 114.7% Net loss of R73 million...
02 Oct 2019

Old Mutual: 'Mr Moyo’s unprofessionalism persists'

The public nature of the dispute between Old Mutual Limited (Old Mutual) and the former CEO, Peter Moyo, is ‘unfortunate’, the company said in a statement issued late yesterday. “The Board of Directors acknowledges the events of recent months have had an adverse impact on the company and all its stakeholders,”the statement adds.”At a time...

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