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Industry News

13 Apr 2018

Novare CIS responds to FSCA fine statement

Novare CIS has responded to the press statement issued by the Financial Sector Conduct Authority (FSCA) on Friday, 13 April 2018 regarding the matter of a fine issued against Novare to the value of  R30,000.
13 Apr 2018

Playing it safe: getting to grips with guaranteed investment products

By Cornel Basson, Product Manager at Glacier by Sanlam. The world of investments and global markets can sometimes feel like a roller-coaster ride. You can never quite anticipate the dips and inclines. No wonder ordinary South African consumers – some of whom are among the most anxious, risk-averse investors – struggle with being fully at...
13 Apr 2018

Novare CIS fined R30 000

The Registrar of Collective Investment Schemes as he was referred to in section 7 of the Collective Investment Schemes, 45 of 2002(CISCA) referred a case against Novare CIS (RF) (Pty) Limited (the Respondent) to the Enforcement Committee of the Financial Services Board, the latter being the predecessor of the Financial Sector Conduct Authority (FSCA). In...
12 Apr 2018

Bloomberg to provide real time data coverage of securities listed on A2X

From today, Bloomberg provides real time coverage of A2X Markets (A2X) securities supporting both Level 1 and Level 2 data. This data will be available to all Bloomberg terminal users at no cost.
12 Apr 2018

Cashing in on your tax refund

Between April 2017 and February 2018, the South African Revenue Service (SARS) paid out more than R205 billion to taxpayers. If you are lucky enough to have received a refund, you may have big spending plans. But before you splurge, think strategically about how you use your money and try to make decisions that are...
12 Apr 2018

Why insurance premiums have almost doubled in the past 5 years

Many business owners often grapple with insurance premium increases without taking time to understand what leads insurers to hike premiums. Malesela Maupa, Head of Insurer Relationships at FNB Insurance Brokers, says understanding some of the common factors that impact the price of premiums can help businesses plan ahead for unavoidable increases when drawing up their budgets. He...
11 Apr 2018

Morningstar Rating Analysis of South African Asset Managers

The Morningstar South African Rating Analysis of unit trusts is designed to compare managed fund ranges across South African asset managers by aggregating their Morningstar Ratings. The research format is calculated on a quarterly basis. It provides a quantitative assessment of the risk-adjusted return of all South African domiciled unit trusts carrying a Morningstar Rating....
11 Apr 2018

Estate Planning: Dying without a will is one of the biggest mistakes you can make

If you die without a valid Will in place the assets in your estate are distributed as stipulated in the Intestate Succession Act. This can cause unnecessary trauma, costs and delays for the family you leave behind and may prevent your final wishes from being carried out. Having a Will is also an imperative for...
11 Apr 2018

New global tax reporting requirements for SA multinationals

By Simone Esch, senior tax advisor, Bowmans Over 100 countries, including South Africa, are implementing stringent new reporting requirements to ensure that multinational companies’ profits are taxed in the jurisdictions where they are generated. Companies affected by the new transfer pricing and reporting requirements should waste no time in ensuring their compliance. South Africa has...
11 Apr 2018

Bye bye FSB, hello FSCA

By Shayne Krige, direct and head of invesemtns funds at Werksmans Attorneys.​ As of 1 April 2018, there is a new sheriff for the South African financial services sector. The Financial Services Board (FSB) has been replaced by the Financial Sector Conduct Authority (FSCA).  Here are five things you need to know about this development. The change from the...

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