Tag: Twin Peaks
Robbing little guys to create jobs and perks for bigger guys?
Considerable negative public comment notwithstanding, the National Treasury and the South African Reserve Bank (SARB) have pressed ahead with the establishment of a new statutory body, this time a state insurer of bank-deposits.
New legislation spells name change for pension funds tribunal
The financial services dispute resolution landscape is being radically reshaped to ensure a consistent framework across the financial services sector whilst providing for quick and cost-efficient review of an aggrieved party’s grievance. Along with the proposed amendments is a name change for our office, which will be renamed the 'Retirement Funds Ombud'
80,000 businesses lost over 10 years!
What can we do to stop the bleeding? According to SARS data, the number of companies in the financial and business services sector dropped from 222,532 in 2007 to 139,664 in 2016 - a loss of more than 80,000 firms in 10 years.
Fintech view on the Conduct of Financial Institutions Bill
The draft Conduct of Financial Institutions Bill was recently published. Once enacted, the CoFI Bill may become one of the first pieces of legislation that explicitly seeks to develop fintech regulation in South Africa.
