By Kerri Crawford (SA) and Maremo Matlou
Norton Rose Fulbright South Africa Inc. The vote by the National Assembly on whether to adopt the justice committee’s recommendations on the appointment of the Information Regulator under the Protection of Personal Information Act 2013 (POPI) ... Read More »
By Mohsina Chenia and Niyaaz Abrahams, Cliffe Dekker Hofmeyr
The purpose of the Unemployment Insurance Act, No 63 of 2001 (UIA) is to establish an unemployment insurance fund. Employers and employees contribute to the fund and employees who become unemployed, or their beneficiaries, can benefit from ... Read More »
Excitement is building for the 2016 FIA Awards gala dinner which will be held at the Sandton Convention Centre, Johannesburg this Thursday, 2nd June 2016. The event hall is fully booked and more than 1000 industry stakeholders will stream into the centre for the evening’s proceedings.
The ... Read More »
FAIS Newsletter 20 contains a warning for those who think that falsifying a RE certificate is the easy route into the industry or complying with fit and proper requirements:
The FSB encountered numerous cases of regulatory examination certificate fraud over the last five years. Regulatory action ... Read More »
We are seeing a substantial increase in the number of Sharemax related determinations from the FAIS Ombud. Most of these relate to complaints lodged in 2010 in the wake of the collapse of what some twisted minds would term the “Cruella the Villa” collapse. The latest one concerns a widow ... Read More »
Measures the rate of change in bond duration with respect to changes in interest rates. Positive convexity occurs when durations shorten as interest rates rise or lengthen as interest rates decrease. Negative convexity occurs when durations lengthen as interest rates rise or shorten as interest rates decrease.