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....
Alexforbes, one of South Africa’s leading investment managers, has completed the acquisition of the OUTvest digital investments platform from OUTsurance to serve customers across a greater variety of investment needs. OUTvest is an award winning digital investments...
The graveyard of asset management mergers is vast and populated with once great managers. This occurs because mergers are normally initiated in board rooms and forced upon two or more investment teams without cultural, philosophical or process considerations. In...
Early in February 2024, Sanlam announced a proposed transaction to acquire up to 100% of the issued ordinary shares of Assupol Holdings Limited (Assupol), through a scheme of arrangement with a fallback general offer to Assupol shareholders for a purchase...
PAID CONTENTIn the dynamic world of institutional investments, a mastery of regulatory mazes is key to ensuring stability and growth. Enter Regulation 28, a pivotal force guiding institutional investors in strategically constructing retirement portfolios, ensuring...
Riaan Botha, Head of Benefit Consulting and Actuary, Simeka Consultants and ActuariesThe proposal from Treasury to postpone the implementation of the two-pot retirement system to March 2025 was noted with a sigh of relief from the retirement industry, and...