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Press Room - Archive

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Amendments to national credit bill to assist consumers in repaying debt

Published: Thu, 29 May 14

According to a statement by the DTI last week, the national credit amendments bill has been signed into law by the President. However, even though the bill has been signed into law it has not yet come into effect. Before the bill can come into effect regulations need to be published addressing and regulating certain ...
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The Retail Distribution Review and Simplified Advice

Published: Thu, 29 May 14

It has long been my contention that, unlike the socks I buy at Woollies, there are few products which can satisfy clients’ needs with a “one-size-fits-all” approach, particularly in the financial services industry. In his address at the Discovery Financial Planning summit, Jonathan Dixon, the man ...
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Bridging the family business generation gap

Published: Thu, 29 May 14

Avoiding the twin traps of the family breaking the business, or the business breaking the family Recent PwC research shows: Next generation is ambitious, with 86% wanting to do something significant and special 80% have big ideas for change and growth But 88% say they have to work harder than others to ...
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The scheme of the National Credit Act

Published: Thu, 29 May 14

    By Patrick Bracher, Director Norton Rose Fulbright South Africa       Certainty in regard to the cost of the proposed credit is imperative. Common to all forms of a credit agreement for the purposes of the National Credit Act is the requirement of payment of ...
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Solvent and insolvent winding up of companies – what is “solvent”?

Published: Thu, 29 May 14

By Riza Moosa, Director Norton Rose Fulbright South Africa Certain sections of the 1973 Companies Act still apply to the winding up and liquidation of companies by virtue of the transitional arrangements in schedule 5 to the 2008 Companies Act. The main distinction on whether or not the 1973 Act or the 2008 Act ...
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UK student loan repayment stats highlight similar SA issues

Published: Wed, 28 May 14

Recent statistics revealed that 73% of United Kingdom graduates will still owe money on their student loans by the time they reach their 50s. While there are no local statistics, this alarming research brings pressing issues facing South African graduates to the fore. This is according to John Marsden, National Sales ...
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Jordan celebrates launch of National Export Strategy

Published: Wed, 28 May 14

Amman, Jordan: The Government of Jordan today launched its National Export Strategy (NES) aimed at strengthening the foundations of its private sector and ensuring that the country stays on track to becoming a leading exporter of services and goods in the Middle East and beyond. The launch in Amman comes after several ...
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New accounting standard set to change way in which companies account for revenue

Published: Mon, 26 May 14

A new accounting standard is expected to result in significant change in the way in which companies record revenue, says PwC. The International Accounting Standards Board (IASB) will issue IFRS 15 Revenue from Contracts withCustomers, on Wednesday this week, which will represent a fundamental change in the way in ...
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What can SA and Brazil learn from each other?

Published: Mon, 26 May 14

As attention turns to the Brazilian Soccer World Cup, Geoff Blount, CEO of Cannon Asset Managers and a South African married to a Brazilian, compares SA and Brazil and looks for the best of each While each BRICS country is unique, parallels are often drawn between South Africa and Brazil. Both have high income ...
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Saxo Bank reinforces its commitment to high performance sports

Published: Fri, 23 May 14

Joint press briefing prior to the Monaco Grand Prix featuring Lotus F1 Team’s Romain Grosjean and Marco Sørensen as well as Bjarne Riis of Team Tinkoff-Saxo at Lotus' motorhome. Saxo Bank, the leading online trading and investment specialist, will move into pole position with Lotus F1 Team for the ...
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Good governance, good business and good society – where it stands or falls

Published: Fri, 23 May 14

Article by CGF Research, written by Dr. Gerhard van Rensburg It is rather ironic how we all hope to have a good life, good body, good mind and good spirit; and we want to function in a good society. And yet, most of the time we are unwilling to take an honest look in the mirror and do the needed work on ...
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Jacqui Jooste Appointed Interim Country Manager of Coface South Africa

Published: Thu, 22 May 14

      Jacqui Jooste, Coface South Africa       Following Coface CEO Garth de Klerk’s decision to step down as country manager with effect from the end of May 2014, Jacqui Jooste, current operations director of Coface South Africa, will take over as ...
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Unchanged rate announcement to "appease foreign investors"

Published: Thu, 22 May 14

By George Herman, Portfolio Manager, Citadel In a move that is indicative of “a central bank that’s wide awake at the steering wheel, yet in touch with the real world,” the SA Reserve Bank today announced its decision to leave the repo-rate unchanged. Herman says this action, while clearly pointing ...
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ITC launches SustainabilityXchange to boost sharing of knowledge and best practices

Published: Wed, 21 May 14

Geneva: The International Trade Centre (ITC) today unveiled SustainabilityXchange, an online forum which provides practitioners of sustainable trade with easy access to a wealth of information. Launched at the Global Sustainability Standards Conference in London, SustainabilityXchange is an interactive platform that ...
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Russia the pariah of the East?

Published: Wed, 21 May 14

Russia is rapidly becoming the pariah of the East largely as a result of its stance towards the Ukraine. While not much of SA’s exports are aimed at Ukraine, it is certainly a different story regarding Russia. “With the ongoing tensions, the EU and US imposed sanctions will definitely have an effect on ...
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New approach needed for annual financial statements

Published: Wed, 21 May 14

        Wendy Smith, Director of Accounting and Financial Advisory at Deloitte           Cape Town: The implementation of changes to the Companies Act, effective from January 2014, will have profound implications for many heads of ...
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Casual Day participants celebrate international Diversity Day 21 May 2014

Published: Wed, 21 May 14

South Africa is a country of incredible diversity. Since 1994, we have celebrated it and, 20 years on, it is still one of our most prized possessions. That said, the concept has become a little jaded, and it is time we reminded ourselves what diversity truly means. Casual Day ambassador Terence Bridgett and wheelchair ...
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Your dream sabbatical can happen – as long as you are financially prepared

Published: Wed, 21 May 14

Cape Town: Dreaming of taking a year off work to go cycling across Europe? Or completing that course in interior design you’ve been putting off? More and more people are opting for a mid-career ‘gap year’ to pursue other interests or reskill themselves to start afresh. But having a bold adventure ...
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Dassault Announces Ultra Long Range Falcon 8X

Published: Wed, 21 May 14

Longest Falcon Ever Will Fly non-stop from London to Cape Town or Lagos to New York or Beijing GENEVA, Switzerland: Dassault Aviation yesterday launched the Falcon 8X, the newest addition to the Falcon family in the ultra long range category. The Falcon 8X will offer a range of 6,450 nm (11,945 km) and will feature ...
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Loan with profit share repayable by cheque is not an NCA credit agreement

Published: Tue, 20 May 14

    By Patrick Bracher Norton Rose Fulbright South Africa       The borrower of money gave a lender a set of cheques to use to repay loans made to purchase and resell medical equipment and a sectional title unit. A number of cheques were handed over at the beginning ...
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Cancellation:

A complete termination of an existing policy prior to its expiration. Usually only the insured may cancel a policy if all premiums due have been paid.
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