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Regulatory Reform: The FSB speaks out

04 December 2017 | The Stage

The insurance industry is waiting with bated breath for the implementation of Twin Peaks and the effects that it will have on the industry. With the recent passing of the Financial Sector Regulation Act (FSRA) into law, setting the stage for the Financial Services Board’s (FSB) transition to the Financial Sector Conduct Authority, Dube Tshidi, the FSB’s Executive Officer shared his views in a release to the media on the transition and the imminent winding down of the FSB.

Cyber breaches are real

07 November 2017 | Straight Talk

We often hear horror stories about cyber crime and the potential effects that a cyber crime can have on a company. We hear the stories, but see few examples. This doesn’t mean that cyber crime does not occur. There are many instances where cyber crime is committed, and not reported on by the media. This is a problem, we need to hear these stories.

How much is non-disclosure costing the industry

06 November 2017 | Featured Story

One of the biggest problems that the life insurance industry faces is non-disclosure. This problem does not only affect profitability, but there is a knock-on effect in increased policy lapses as insurers implement measures to deal with the problem.

SARS taken to task by the Tax Ombud

31 October 2017 | The Stage

With the establishment of the Tax Ombud in 2013, South Africa took another big step in enhancing the reputation of the country’s progressive democracy. Since then, the Ombud, headed up by former Chief Justice Judge Bernard Ngoepe, has given the public a progressive platform where complaints and queries relating to tax issues can be raised in a fair and equitable manner.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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