Moonstone Information Refinery

Watch Moonstone Update for an overview of some of the stories covered in the past week’s Investment Indicators and Moonstone Monitor. Top story highlighted: Scammed pensioner takes crypto trader to court Watch the full video on our YouTube Page (Moonstone Update) and share your thoughts in the comment section: https://buff.ly/3UTKmZP Wishing you a restful weekend. Remember to like, share, and subscribe! #absa #capitec #cryptocurrency #cyberscam #fica #bhitrust #creditors #liquidation #recovery #cpd #mbse #amazon #fourwaysmall #bestpractice #retirementannuity

Ninety One challenges market expectations, positions Value Fund for positive election result. Ninety One, South Africa’s largest asset manager, has positioned its Value Fund to take advantage of the general election producing an outcome favourable to “SA Inc” shares. This is contrary to what the capital markets are expecting. Get insight on what two obstacles that must be overcome to unlock the value in South African equities in the full article: https://buff.ly/4bwXLMJ Share your thoughts in the comment section. Like, share, and subscribe! #capitalmarkets #generalelection #JohnBiccard #loadshedding #NinetyOne #SAInc #valuations #ValueFund #moonstoneupdate #moonstoneinfo #industrynews

Watchdog challenges Sygnia’s claims: Questions validity of hypothetical model behind fee estimates. The Advertising Regulatory Board (ARB) has told its members not to accept an advertisement by Sygnia containing the claim that investors could be losing up to 60% of their retirement savings to fees. Get further insight of how claim should be substantiated in the article: https://buff.ly/4br5Nr7 Share your thoughts in the comment section! Remember to like, share, and subscribe. #AdvertisingRegulatoryBoard #CodeofAdvertisingPractice #fees #retirementannuity #Sygnia #moonstoneinfo #moonstoneupdate #industrynews

New law, new liability: Companies urged to strengthen anti-corruption measures amid legislative changes. Legal experts are advising private sector and state-owned companies to strengthen their internal anti-corruption measures in response to a new law that could hold them liable for failing to prevent corruption, even if carried out by a third party. See why and get insight on what constitutes an ‘associated person’ in the full article: https://buff.ly/3yebSby Share your thoughts in the comment section. Like, share, and subscribe! #anticorruption #associatedperson #HerbertSmithFreehills #JMAA #JudicialMattersAmendmentAct #PinsentMasons #PRECCA #PreventionandCombatingofCorruptActivitiesAct #SOE #WebberWentzelCompanies #ENSafrica #moonstoneinfo #moonstoneupdate

FSCA orders Hernell Funerals to halt operations as unauthorised FSP and insurer. A funeral service “that has been serving the greater community of Worcester and surrounding areas for decades” has been given seven days to transfer about 3 000 of its funeral policy clients “to such authorised FSP and insurer in a manner that will be in the best interest of the clients”. View the directive further instructions to the parties in the full article: https://buff.ly/44ArhyR Share your thoughts in the comment section. Remember to like, share, and subscribe! #FSCA #HernellFunerals #directive #funeralpolicy #keyperson #funeralservice #FAISAct #InsuranceAct #FinancialSectorRegulationAct #moonstoneinfo #moonstoneupdate #industrynews

CPD made easy: Moonstone Business School of Excellence provides flexible e-learning options. With less than three weeks remaining in the current CPD cycle, key individuals and representatives may find themselves scrambling to fulfil their required CPD hours. Moonstone Business School of Excellence (MBSE) offers a diverse array of CPD courses to help individuals meet their obligations and stay ahead in their field. For more information and CPD inquiries: https://buff.ly/4bdi6H6 Email: cpd@mbse.ac.za Do best! Where there is a will, there is power! #CPD #CPDcycle #deadline #MBSE #MoonstoneBusinessSchoolofExcellence #CPDrequirements #BoardNotice194 #FSP #keyindividual #representatives #courses #learningobjectives #moonstoneinfo #moonstoneupdate

Cell captive regulations: FST ruling establishes clear lines between first- and third-party risks. A decision by the Financial Services Tribunal (FST) has clarified the delineation between first-party and third-party risks when it comes to reinsurance business conducted through cell captives. Centriq, the non-life insurance cell captive owned by Santam, took its case to the Tribunal after the Prudential Authority (PA) turned down its request to reinsure the risks of foreign insurers using the first-party cell captives established for some of its clients. Get more information and additional insights regarding the Tribunal's decision in the full article: https://buff.ly/3UT3gzL Share your thoughts in the comment section! Like, share, and subscribe. #Absa #accountableinstitution #Binance #Capitec #cryptocurrency #cyberscam #FICA #FinancialIntelligenceCentreAct #suspicioustransction #moonstoneinfo #moonstoneupdate

BHI Trust ‘an illegal scheme since inception’, trustee investigations uncover decades of deception. Preliminary investigations by the trustees of the sequestrated BHI Trust have confirmed Craig Warriner’s declaration that the trust operated as “an illegal scheme from its inception”. Trustee and fund manager Craig Warriner handed himself over to the authorities and confessed to committing fraud in early October last year. In his confession, Warriner allegedly admitted to using the trust’s funds in a highly irresponsible manner over about 22 years. Read full article to gain insight on the potential assets/recoveries still under investigation: https://buff.ly/3ycXal8 Share your thoughts in the comment section! Remember to share, like, and subscribe. #BHITrust #CraigWarriner #sequestration #creditors #creditorsmeeting #Section81 #resolutions #jointtrustees #assets #liabilities #liquidation #recovery #InsolvencyAct

Cryptocurrency trader’s responsibility under scrutiny: pensioner’s legal battle reveals accountability gap. A court case in which a pensioner fell victim to a cyber-scam highlights that cryptocurrency traders can’t shift their responsibility to verify clients’ identities onto trading platforms. Fraudsters accessed Dirkie Wessels’ bank account and siphoned off R960 960.19 in 23 separate transactions, within a day. The money ended up in accounts belonging to Rowen Petrus, a part-time cryptocurrency trader who uses the Binance trading platform. Read full article for further details and view the judgement: https://buff.ly/3JTn8wt Share your thoughts in the comment section. Like, share and subscribe! #Absa #accountableinstitution #Binance #Capitec #cryptocurrency #cyberscam #FICA #FinancialIntelligenceCentreAct #suspicioustransction #moonstoneinfo #moonstoneupdate #industrynews

Economic momentum: South Africa continues to attract foreign direct investment, reports PwC. South Africa has seen a positive net inflow of foreign direct investment (FDI) every year since 2018, according to PwC’s Economic Outlook report for April. Considering the country’s economic challenges and the obstacles faced by private business, many would expect that outflows would overshadow inflows. But data from the South African Reserve Bank (SARB) shows that the country’s net FDI flows averaged R58 billion a year after the global financial crisis excluding 2021, the report says. Get further insight in the full article: https://buff.ly/4dqjN5H Subscribe to our weekly newsletters to stay informed! #FDI #foreigndirectinvestment #PwC #SouthAfricanReserveBank #moonstoneinfo #moonstoneupdate #industrynews