Tag: conflict of interest
The curious case of costing the NHI
While the President has signed the National Health Insurance (NHI) into law, the bean counters at National Treasury have yet to start looking for their excel sheets needed to ensure the NHI is fully costed. The first reason is due to the confusion of objective versus political ideology. The NHI has been touted as introducing “universal healthcare coverage” (UHC).
Adviser and DFM relationship should be at arm’s length
Financial advisers need their wits about them when choosing a discretionary fund management (DFM) partner and should undertake a comprehensive due diligence process to differentiate between the ‘mixed bag’ of companies they may encounter in this space.
Conflicts of interest explained
‘Conflict of interest’ means different things to different people - just ask the miscreants who were fingered in the state captured report, who will provide you with an assortment of different definitions to explain away their indiscretions.
Can a side hustle get you fired?
In the age of pandemics and other socio-economic upheavals, relying on a single income may prove risky, especially as joblessness continues to rise, with Statistics South Africa reporting an unemployment rate of 32.5%, the highest it has been since the survey was initiated in 2008.
Numerous problems plague the NHI plan
According to Stats SA, the country has about 58.8 million people living in the country. Of those, 8.8 million pay for private medical cover, and the Council for Medical Schemes’ annual report shows that they pay a collective sum of R179.8 billion a year, at an average contribution rate per member of R1,695.10 per month.
PODCAST | Myeni, Kwinana testimony highlights need for professional directors
An interview with Parmi Natesan, CEO, The Institute of Directors in Southern Africa (IoDSA), and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the importance of corporate governance, accountability, skills and independence for directors, so that they can fulfil their duties, in the light of the recent testimony by Dudu Myeni and Yakhe Kwinana at the Zondo Commission.
Myeni, Kwinana testimony highlights need for professional directors
The recent testimony at the Zondo Commission by Dudu Myeni (former Chair of the SAA Board) and Yakhe Kwinana (former Chair of SAA Technical) should be a wake-up call both for directors and the government.
Advisers and family offices should collaborate, not compete
The services of financial advisers and family offices should not be regarded as mutually exclusive. On the contrary, South African ultra-high net worth (UHNW) clients may benefit greatly from collaborations that align both domestic and global servicing opportunities, while encompassing their inter-generational footprint.
Combatting supplier employee collusion
Procurement fraud can be committed by employees acting alone or in collusion with vendors. While fraudulent activities between suppliers/vendors and employees are not uncommon, these transactions are unacceptable as they create a host of challenges to the business if allowed to continue under the radar.
