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The critical role of a consultant in umbrella funds

16 August 2016

FAnews received a press release penned by Magda Wierzycka, CEO of Sygnia Group in which she stated that there is widespread and insidious conflicts of interest that is corrupting the retirement savings industry and calls on regulators to assist millions of South African savers. We asked Sanlam's David Gluckman for his opinion. Below Wierzycka views is Gluckman’s views.

Female empowerment essential for all South African businesses

11 August 2016

While there are still a lot of preconceived notions about women in our society, some might still believe the myth that women cannot possibility give their all to their careers, or to the same extent that men do, because women have children. However, this is not true because most females have learned over the years how to successfully balance their work and personal life schedules.

Failure of businesses more likely and insolvencies will increase by +10%

10 August 2016

The failure of South African businesses is more likely and insolvencies will increase by +10% y/y in 2016 according to a study by global leader in trade credit insurance, Euler Hermes entitled “2016 – A tough year”. This will be the first outright deterioration since 2009 and the global financial crisis.

Gender equality in the workplace - SA is getting it right

08 August 2016

According to the World Economic Forum’s 2015 Global Gender Gap Index, South Africa ranked 17th out of 145 countries when it comes to closing the gender gap, ranking above both the UK (18) and the USA (28). These statistics highlight the fact that despite South Africa being a developing nation, the country is definitely progressive in terms of gender equality in the workplace.

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Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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