The Bank Supervision Department of the South African Reserve Bank, headed up by the Registrar of Banks, is responsible for regulating and supervising all the registered banks and banking groups in South Africa. Neil Maree explains The Bank Supervision Department (BSD) of the South African Reserve Bank (SARB) derives its authority, rights, and powers from…
Global 500 It was a topsy-turvey year. Collectively, the 500 biggest companies in the world ranked by revenue set a new record in 2014 by generating $31,2 trillion in sales, a gain of 0,5% over 2013. But total profit for the global 500 fell nearly 15% to $1,7 trillion. One major reason for the plunge…
That there are ‘horses for courses’ and that no single solution works for all situations cannot be disputed. But an ever-increasing number of ‘horses’ will find they are better suited to a group retirement annuity (RA) solution than to an umbrella fund solution, says Dave Johnson Umbrella funds were originally designed for employers that had…
According to the National Cancer Registry, one in every 33 women in South Africa is at risk of contracting breast cancer over the course of her lifetime. With October being breast cancer awareness month, this serves as a timely reminder of how important it is for women to plan financially to ensure their own financial…
WHAT’S IT ALL ABOUT BEE and its surrounding legislation has long been a topic of heated debate. With strong opinions on either side of the spectrum, should it be scrapped entirely, or embraced wholeheartedly? By Searle Silverman1 More than 20 years into a new democratic era, Black Economic Empowerment (BEE), or what is more recently…
Shaun van den Berg, Head of Client Education PSG Wealth With market volatility the order of the day, rand cost averaging, or phasing your money into the market, is a strategy to reduce risk. The price that you pay for any investment forms the basis for your future returns. Ideally, you want to invest when…
What constitutes B-BBEE fronting? It refers to the misrepresentation of a company’s B-BBEE status. It involves misleading the users of the B-BBEE certificate by stating that the business is more transformed than it actually is. Even though B-BBEE participation remains a voluntary process, the act of fronting has now been criminalised in the amended B-BBEE…
Mini Cooper 5-Door Opel Corsa 1.4 Enjoy Mini Cooper 5-Door History in the making, as Mini goes where no Mini has gone before, the five- door hatchback. This is either very smart or a long shot by Mini to take on the well-established five-door hatchbacks. The new five-door Mini has not just been…
Raising a child is no joke, not on your time nor your wallet. When speaking to other parents, the biggest burden I hear about is saving for their child’s education. It’s a large expense. So, on the insistence of a good friend of mine, I’m going to share my personal tips on this. First, save…
A rugby team is made up of 15 players, with seven or eight more on the bench. Each of these players has a very specific skillset – strength, speed, ball handling, catching or kicking skills – and the players are positioned in the team according to those skills. A great rugby team has both power…