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King IV extends application to retirement funds

29 November 2016

The latest King (IV) Report on Corporate Governance for SA, 2016 (King IV) refers to certain “paradigm shifts in the corporate world”, including a shift from short-term capital markets to long-term, more sustainable capital markets. By popular demand, the King IV Report has been drafted to make it more easily applicable to all types of organisations, be they public or private, large or small, for- profit or not-for-profit.

Prove liquidation claims in three months

21 November 2016

a company goes into liquidation claims must be lodged and proved within three months as from the conclusion of the second meeting of creditors of the insolvent company.

Strict liability applies only to consumer actions, says Supreme Court

11 November 2016

The Consumer Protection Act, particularly Section 61, gives consumers positive benefits by imposing strict liability upon a producer, importer, distributor or retailer of goods for any harm caused thereby. But the liability does not extend to a supplier of goods.

FAIS and power of attorney

07 November 2016

No person is by nature able to act on behalf of another - he or she must have the necessary authority to do so. This authorisation is commonly given in the form of a power of attorney. But, as with most principles, there are limitations set by statute. In this edition we will look at why a financial services provider cannot provide discretionary investment instructions on behalf of a client by means of a power of attorney.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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