In July 2022, the National Treasury unveiled pivotal amendments to Regulation 28, revolutionising the investment framework for South African retirement funds. Despite the regulatory endorsement for funds to invest in private markets and other asset classes, investors...
South Africa (SA)’s private education industry (schooling and tertiary) is an attractive space with good fundamentals and above average growth prospects. Its listed education groups (ADvTECH, Curro, STADIO) deliver quality education and are defensive businesses with...
Q & A with Marius du Toit, Managing Director, Efficient Benefit Consulting and Johan van Vuuren, estate planning expert, Efficient Board of Executors Many people and families find it difficult to navigate the complex obligations that arise under the legislation...
Our relationship with money is shaped from a very early age. Growing up in a home with all the material comforts may lead to us take money for granted. Conversely, growing up where there is a lack can be the basis for a negative relationship with money. Whatever our...
FSCA update on roll-out and implementation of cross-sectoral conduct of business return for financial institutions The FSCA has published its 'Update on roll-out and implementation of cross-sectoral Conduct of Business Return for financial institutions'. The...
In terms of section 37D(1)(b)(ii), a retirement fund is entitled to deduct an amount from a member’s retirement fund benefit for any damage caused to the employer as a result of theft, fraud, dishonesty or misconduct. In the Moodley[1] case, the meaning of...
The Protection of Personal Information Act, 2013 (“POPIA”) gives effect to the right to privacy as set out in the Constitution. It provides the regulatory framework within which organisations may process personal information thereby giving individuals control over how...
We're already well into mid-quarter one of 2024, a year that began with robust hearings by the Standing Committee on Finance (SCOF) in Parliament, primarily focusing on the 2023 Tax Laws. We have the budget speech on 21 February 2024 - by the time you read this...
Considering the levels of financial literacy in South Africa, beyond retail products such as banking accounts and mortgage loans, it is imperative that all who encounter a financial consumer immediately satisfy themselves that the consumer understands the basic...
As we step into 2024, the Institute of Retirement Funds Africa (IRFA) adopts a guiding principle that is both a vision and a mission: "Better Together." This theme transcends being a mere motto; it is the north star for all of IRFA's initiatives throughout the year....