• Sharebar
October 2012
Onerous weapon

Few companies are aware that onerous anti-corruption requirements have been included in the Regulations to the new Companies Act. This is according to Steven Powell, a Director of ENS, and Head of its Forensic...

October 2012
Shred rubbish not reputations

The recent fake letter and e-mail scam that contained logos of the Financial Intelligence Centre (FIC) and has already duped 419 South Africans, highlights the dangers that Corporate Identity theft can present to any...

October 2012
Sustainable question

It seems the problem of saving sufficiently for your retirement is not just a South African problem. New research from Baring Asset Management (Barings) reveals that nearly half (44%) of British people do not...

October 2012
Rise in lapses

TransUnion says its Consumer Credit Index (CCI) deteriorated to 48.6 in the third quarter of 2012 from 51.2 in the previous quarter. The CCI indicates consumer credit health based on a 100-point scale, where an index...

October 2012
Online start…

Following the launch of Woza Online, a partnership between the Department of Trade & Industry (DTI), Google, Vodacom and the Human Resources Development Council (HRDC), in January 2012, the uptake by SMEs has been...

October 2012
Self-assessment

The Financial Services Board (FSB) has taken the next step regarding its proposed Treating Customers Fairly (TCF) campaign. A self-assessment tool has been published on its website to enable regulated financial firms...

October 2012
Valued resource?

On 4th July 2012 the Tax Administration Act 28 of 2011 became law and it is expected to come into operation before the end of the year. The Act requires the Minister of Finance to appoint a Tax Ombud for a renewable...

October 2012
Getting together

Social media platforms are often perceived to be simple tools for people to network. Yet if properly integrated into the financial services industry, they can also present significant value into the objectives of a...

October 2012
Weak and bleak

The release of July residential building statistics by StatsSA continues to show a weak picture. The residential building sector is still battling to gain traction at a time when it faces heavy competition from a well...

October 2012
Cost versus sustainability

The focus of the recent Institute for Retirement Funds (IRF) Annual Conference 2012 was sustainability. But is also important not to overlook cost as one of the factors that plays a major role when considering...

October 2012
Banker-Client confidentiality

A bank’s duty to keep its customer’s information confidential is seen as an express or implied term of the bank and customer contract.


However, says Rishal Bipraj, a Candidate Attorney in the...

October 2012
Fox guarding the hen house

Too many South African organisations that have suffered a catastrophe go on to develop self-managed and self-monitored risk management systems in the belief that these will prevent future disasters.


...
October 2012
Building on a reputation

Making use of reputable building contractors when conducting home improvements or renovations is crucial if you hope to avoid extra insurance costs due to incomplete or faulty workmanship.


This is...

October 2012
Crack down

Transporting goods, particularly high value items, has become an increasingly dangerous task in South Africa. Crime syndicates are known to be targeting goods-in-transit vehicles, and theft of cargo has become a major...

October 2012
Making better decisions

With advanced economies still struggling to perform, and investment markets showing uncertainty, investors would do well to stick to five tenets to guide them in their strategy. Adrian Saville, Chief Investment...

October 2012
Good to go…

Investors remain plagued by the turbulent world economy and seek shelter in gold, as the recent performance of the metal suggests. The gold price went through the $1 700 level early September, for example, “and the...

October 2012
A trickle of hope

It was roughly four years ago, back in 2008, when what was to become known as the “Global Financial Crisis” first began.


Since then an enormous amount of energy and expense has been devoted to...

October 2012
Long term loser

Given the tight economic conditions and post-recession hangover, creative thinking is required to get ahead of the game. “I have seen some interesting alternatives to the standard home loan being offered,” says...

October 2012
Key agreement

The Institute of Internal Auditors South Africa (IIA SA) has ratified a “formal relationship” with the Information Systems Audit and Control Association (ISACA). The Memorandum of Understanding was signed by IIA SA...

October 2012
Call for rethink

The revised conditions for pension fund administrators recently proposed by the pension fund regulator are so onerous that they may put some administrators out of business, says Hannine Drake, of the Bowman Gilfillan...

October 2012
Policy check

Hearing the siren of the fire engine as it rushes past your home on a Saturday morning prompts thoughts of where it is going, whose house or business is burning, and the nature and scale of the danger or loss to those...

October 2012
Coded out

The Debt Counselling Industry portal (DCI) says it welcomes the finding by the National Credit Regulator that the Voluntary Debt Mediation Solution (VDMS) touted by National Debt Mediation Association (NDMA) contravenes the National Credit Act –...

October 2012
Long haul

The Financial Services Board (FSB) has again decided to extend a deadline, this time from 30th September 2012 to 31st March 2013. This is in connection with persons that fall under the exemption previously granted by...

October 2012
Laggards are blackguards

The senior management of South Africa’s short term insurance companies need to ensure they prioritise the forthcoming implementation of the Financial Services Board’s (FSB) Treating Customers Fairly (TCF) initiative...