Registrar prescribes fit and proper requirements for insurers
September 15, 2015
The specific fit and proper requirements that apply to relevant persons in the insurance sector have now been clarified and prescribed by the Registrar of Long-Term Insurance and Short-Term Insurance (Registrar) in Board Notice 158…
SA business to guard against increasing liability risks
September 9, 2015
The new Companies Act has resulted in decision makers having their every action closely scrutinised, and directors – both within the corporate and small and medium enterprise (SME)
The recent criminal case launched by the Gauteng education department against the School Governing Body (SGB) and former principal of Glenvista High for the alleged squandering of millions of rands has raised questions over possible…
A need of cyber liability policies highighted by $578m lawsuit against Ashley Madison
August 27, 2015
The importance for organisations to have the necessary cybercrime liability policies in place has been highlighted by the $578 million class-action lawsuit laid against the companies that run extramarital-affairs website Ashley Madison. The lawsuit was…
How to avoid claims against your PI scheme
August 24, 2015
Professional Indemnity (PI) claims have been increasing in recent years, however, there are steps that you as an independent financial advisor can take to avoid claiming from your PI scheme. One of the reasons…
How an HIV-positive status affects one’s RAF claim
August 22, 2015
Last year, the Human Sciences Research Council released a survey indicating that over 400 000 new HIV infections occurred in South Africa in 2012, and that our country ranks first in HIV incidence in the…
Ethical standards in the financial indusrty
August 22, 2015
Ethics plays an exceedingly important role within the financial services industry, where a wide array of people and businesses alike are intrinsically connected in one economy. With the advent of social media, where consumers can…
White-Collar crime is a threat to businesses
August 13, 2015
Costing South Africa an estimated R930m a year, commercial and white-collar crime is on the rise in South Africa – especially among senior to top management. Just recently, a business was forced to close its…
