A new technical report titled 'Assessing International Interoperability and Usability of the South African Green Finance Taxonomy (SA GFT)' has been released today by the Climate Policy Initiative and GreenCape, in collaboration with the National Treasury of South Africa. The ...
Read More ...By Lee Rossini A financial advice business offers intangible services, and as such, faces unique challenges when it comes to managing and meeting client expectations. Unlike tangible products, services cannot be touched, seen, or physically evaluated before purchase, which can ...
Read More ...At the opening of the 2025 FATF Private Sector Collaborative Forum, the Financial Action Task Force (FATF) underscored the vital need for greater collaboration between the public and private sectors to effectively combat financial crime globally. The three-day forum, hosted ...
Read More ...Financial Services Tribunal: Karabo Mogoshane v Clientele Life Assurance Company Ltd Decision: 24 March 2025 Keywords: FAIS Act – Debarment – Fit and proper requirements – Misconduct – Condonation – Reconsideration dismissed Summary: The applicant, Karabo Mogoshane, a former representative ...
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Legalbrief Today
The SA Medical Association (Sama) described the National Health Insurance Act as ‘dangerously flawed’, as it launches a constitutional challenge against President Cyril Ramaphosa’s decision to sign it into law. Sama joins a list of organisations that have initiated legal challenges against the Act at the Gauteng High ...
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Financial Services Tribunal ('FST' or 'the Tribunal')
In a landmark ruling issued on 1 April 2025, the Tribunal dismissed the reconsideration application of Shaheen Khan, affirming the FSCA’s decision to impose a 10-year debarment and a R4.5 million penalty for offering financial services without authorisation.
Khan, operating through Roche ...
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A recent case cited by the FAIS Ombud has highlighted a critical compliance failure — the inability of a financial adviser to produce a record of advice — and serves as a stark reminder of the legal obligations imposed under the FAIS General Code of Conduct.
The complaint arose after ...
Read MoreOn 14 October 2006, Complainant went to Respondent’s furniture shop, Barnetts at Port Shepstone, Kwa-Zulu Natal. She wanted to buy a small television set and a small stove.
Gumede vs. JD Group (2008) (Credit Life insurance)
CONDUCT OF BUSINESS REPORT FOR THE PERIOD ENDING
By Lee Rossini
A financial advice business offers intangible services, and as such, faces unique challenges when it comes to managing and meeting client expectations. Unlike tangible products, services cannot be touched, seen, or physically evaluated before purchase, which can make client expectations more challenging to define and fulfil. Understanding these expectations and ensuring that they are met is essential for client satisfaction, a good relationship, and word-of-mouth referrals.
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