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A provident fund is empowered to take legal action against employers who fail to pay contributions. It is not enough to only send letters to employers pointing out non-compliance.
Good corporate governance entails ensuring that your company has the correct policies and procedures in place. Companies need not be bogged down by unnecessary paperwork at inception. However, there is merit in implementing some basic policies and procedures.
On Thursday the 28th of July 2022, the Financial Sector Conduct Authority (FSCA) launched its findings of the 2020 Baseline survey on financial literacy in South Africa. The survey was conducted in partnership with the Human Sciences Research Council (HSRC) and the South African Social Attitude Surveys (SASAS).
South African life insurers reported a significant drop in death claims for the six months to the end of March 2022 when compared to previous six monthly reporting periods since the start of the COVID-19 pandemic. South Africa experienced the fourth wave of COVID-19 infections during December 2021, which peaked during the middle of that month.
Are financial advisers ready for the combined impact of COFI and AI?