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Press Archive »

High Court upholds Zietzman conviction

Published: Fri, 28 Aug 15

On 24 August 2015 the FSB received a High Court judgment in its favour regarding an appeal brought by Mr G L Zietzman and Harrison and White (Pty) Limited against the determination of the FSB Enforcement Committee. The judgment has real value for the Enforcement Committee and the Directorate of Market Abuse because ...
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SARS sets its sights on high net worth individuals and their trusts

Published: Fri, 28 Aug 15

By Stanley Broun, Fiduciary and Tax Specialist Sanlam Private Wealth, a division of Sanlam Ltd. The 2015 tax filing season started on 1 July and it’s important for taxpayers to know what SARS will be focusing on. The taxation of wealthy South Africans and their associated trusts is one of SARS’ main focus ...
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Is all fair with love and equity in the workplace?

Published: Thu, 27 Aug 15

By Rita Lally, Director SmartMoves Human Capital (Pty) Limited Following the amendments to the Employment Equity Act last year, did you know that as an employer, under Schedule 1, Section 6(1) you could be taken to the CCMA if you: “unfairly discriminate, directly or indirectly, against an employee, ...
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Africa’s executives are leaders in risk management – ahead of their global peers: PwC survey

Published: Thu, 27 Aug 15

Africa’s executives are increasingly concerned that risks to their companies are on the rise, according to PwC’s ‘Risk in review, 2015’ survey released today. However, Africa’s executives and boards are taking effective steps to address risk strategy and management, putting them ahead ...
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Without prejudice letter with admission of liability interrupts prescription

Published: Thu, 27 Aug 15

      By Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   When a debtor received a demand to repay the balance of a R10 million loan it replied that it “would like to make a settlement proposal” but the company was “struggling ...
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Asset Allocation: Stay focused on Price, Perspective and Pattern

Published: Thu, 27 Aug 15

    Alwyn van der Merwe, Director of Investments Sanlam Private Wealth, a division of Sanlam Ltd.     We live in extremely volatile times and an extended bull phase for equities. When news flow is negative on top of this, it’s tempting to consider changes ...
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DHL invests about 47 Million Euro in Sub-Saharan Africa

Published: Thu, 27 Aug 15

Frank Appel, CEO of Deutsche Post DHL Group visited Africa and emphasized overall importance of emerging markets for the Group         Frank Appel, Chief Executive Officer Deutsche Post DHL Group       JOHANNESBURG, South-Africa: Frank Appel, Chief ...
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Retail Distribution Review - Well-run practices have little to fear

Published: Wed, 26 Aug 15

    David Burns, NMG UK       Stricter regulation of financial advice and financial product distribution will have both positive and negative consequences for South Africa. On the plus side it should result in lower investment charges to consumers while on ...
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Credit Risk Cover for Political or Credit Risk from Coface

Published: Wed, 26 Aug 15

Coface, the international credit insurer, is providing customised cover for credit and political risk to address the increasing challenges of international business. Single Risk Unistrat is aimed at international transactions in an ever-changing and often unpredictable environment, focusing on, but not limited to ...
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Partnerships between Italian and SA businesses key to making agri-business a wealth driver

Published: Wed, 26 Aug 15

With its population boom and growing need for food, Sub-Saharan Africa’s agricultural sector not only needs to become more efficient, but attract investment to improve output if it is to meet a major increase in demand for food over the coming decades. But how can South Africa overcome the current ...
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Standard Bank tops Sunday Times Top Brands Survey for third consecutive year

Published: Wed, 26 Aug 15

Standard Bank has been named South Africa’s leading banking brand in the annual Sunday Times Top Brands Survey for the third consecutive year. This latest accolade demonstrates the strength of the mutually beneficially relationship Standard Bank shares with its loyal clients. “We are delighted to be recognised ...
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The One Rand Family - ten big financial behaviour shifts in August

Published: Wed, 26 Aug 15

Cape Town: One month after returning to ‘normal’, have Sanlam’s One Rand Family (ORF) fallen back into their old ways? Or did their month living only on R1 coins effect a more permanent change in their behaviour? Fortunately, according to the ORF’s mom Londiwe, the changes in their ...
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Award-winning Sanlam businesses merge and rebrand to better serve clients

Published: Wed, 26 Aug 15

Cape Town: With the support of Sanlam Investments, two award-winning businesses within its fold are joining forces to create an independent business under a separate brand. Known as Denker Capital, the merger will bring together SIM Global and SIM Unconstrained Capital Partners. Denker Capital will enable both businesses ...
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2015 Trends in Global Employee Engagement

Published: Tue, 25 Aug 15

The Importance of Making Engagement Happen Aon Hewitt’s 2015 Trends in Global Employee Engagement Report confirms that top companies build and sustain a culture of engagement and are often led by CEOs who understand that employee engagement is not just a nice to have but critical to achieving business results ...
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4 signs that your small business has finally arrived

Published: Tue, 25 Aug 15

By Steven Cohen, Head of Sage One AAMEA (Africa, Australia, Middle East and Asia) There is no shortage of articles, seminars, and textbooks that claim to tell you how to run a successful small business, but few of them define exactly what it means to succeed. Yet it’s important as a small business owner to ...
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As JSE cracks and the hunt for stable income intensifies don’t panic

Published: Tue, 25 Aug 15

Doug Turvey, Private Client Portfolio Manager at Cannon Asset Managers, looks at what investors should do now. Midway through 2015, the JSE All Share Index has taken a huge knock and the hunt for stable income sources for annuity investors continues. Most investors now face the task of matching their income needs ...
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Free jazz and violin concerts set to delight Hilton Arts Festival audiences

Published: Tue, 25 Aug 15

Music lovers have a treat in store for them at this year’s Hilton Arts Festival, as Marriott Asset Management will once again host two free concerts: The Best of SA Jazz and Violin Favourites on the 19th and 20th September respectively. Organised by Christopher Duigan, one of South Africa’s leading concert ...
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Bartering, making a comeback?

Published: Tue, 25 Aug 15

By Charles Ancer, Director and Emma Forbes, Associate Norton Rose Fulbright South Africa Inc. Bartering, the ancient and original form of trading used before the introduction of legal tender, allows parties to dispense with cash but still be able to acquire the goods and services they require. Tough economic times ...
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Standard Bank puts faster smarter banking in the palm of your hand with the latest updates

Published: Tue, 25 Aug 15

With Standard Bank’s latest updates to its app for Android and Apple smartphones, customers can now change their monthly payment limits, view their vehicle finance accounts, activate their cards for international travel, trade shares on stock exchanges around the world, and even link the app to their Apple Watch ...
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FSB warns the public against Go Direct Stock Market Investments

Published: Mon, 24 Aug 15

The Financial Services Board (FSB) warns the public against conducting financial services business with Go Direct Stock Market Investments (GDSMI), Mr Mzoxolo Bezu and/or Mr Mbuso Mthethwa. GDSMI, Bezu and Mthethwa are not authorised to render financial services and are not representatives of an authorised financial ...
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From The Glossary »

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Professional Reinsurer:

An underwriter whose business is confined solely to carrying on reinsurance business and the peripheral services offered by a reinsurer to its customers. This is as opposed to a primary insurer who exchanges reinsurance or operates a reinsurance department as an adjunct to its basic business of writing direct insurance business.
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