‘Crypto exchange’ director fined R216m and debarred
‘Crypto exchange’ director fined R216m and debarred

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Investment Indicators | 2 April 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
RAF claims ‘out of ICU’, but hundreds of millions still owed to medical scheme clients
CBI director fined R216 million and debarred for 10 years
Unclaimed assets: FSCA will prioritise monitoring conflicts of interest
In the news
Only days left to book for Moonstone’s 2024 Regulatory Update Webinar
RAF’s legal rope nearing its end as High Court tells fund to pay R33 million
Stack up the evidence when claiming interest expenses
Old Mutual prepares to shake up banking sector with new bank
FIC issues guidance on what is ‘a high-value goods dealer’
New deadlines for completing the Trustee Training Toolkit
Public warned against doing investment business with these entities
Sam Bankman-Fried gets 25 years’ imprisonment for FTX fraud
Moonstone Update
Regulatory Examinations
Download the latest RE Prep Guide here. Please ensure you download this version to use in your preparation, together with your study material. Please study the tasks, criteria and legislation referenced in the guide.
RE preparation videos
Schedules for 2024
WARNING: Beware of fraudulent operators pretending that they work for or with Moonstone.
Careers Platform
Advertising packages
Industry positions
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ADVERTORIAL
GTC banner 2023-10-02
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RATES REVIEW
Secured Investment Rate
Please note that (G) indicates a Guaranteed and (L) a Linked product. In order to understand the difference between guaranteed and linked rates, kindly click here for an explanation.
R1 000 000 (3% commission)
Company This week Last week
1Life (L) 7.040% 6.930%
Discovery (G) 6.601% 6.499%
Nedgroup Life (L) 5.900% 5.760%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 7.400% 7.300%
Discovery(G) 6.991% 6.889%
Clientele Life (G) 5.944% 5.825%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 9.16% 9.15%
Nedgroup Investments 8.97% 8.73%
Symmetry 8.76% 8.74%
Please bear in mind that our figures, though based on the actual quotations that you also use, are for information purposes only, and can never replace the official quotation from the product house. In terms of the guarantees, you are requested to clarify the exact extent of such guarantees with the product house prior to advising clients.
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TOP STORIES
RAF claims ‘out of ICU’, but hundreds of millions still owed to medical scheme clients
Despite Parliament’s commitment to prioritise the Road Accident Amendment Bill, there has been no further communication about the comments submitted on the draft legislation.
Top story read button
CBI director fined R216 million and debarred for 10 years
Coenraad Botha and his wife are facing 64 charges in Namibia related to an alleged illegal investment scheme involving N$163 million.
Top story read button
Unclaimed assets: FSCA will prioritise monitoring conflicts of interest
A new approach may be required to how financial institutions are remunerated for services rendered in respect of unclaimed assets, the Authority says.
Top story read button
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FICA banner
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IN THE NEWS
Only days left to book for Moonstone’s 2024 Regulatory Update Webinar
The agenda includes FICA compliance, the roll-out of Omni-CBRs, and managing the risks around business email compromise.
Itn read button
RAF’s legal rope nearing its end as High Court tells fund to pay R33 million
The recent ruling by the High Court underscores the Road Accident Fund's obligation to reimburse medical scheme members for past medical expenses covered by the injured person’s medical scheme after a motor vehicle accident.
Top story read button
Stack up the evidence when claiming interest expenses
Taxpayers carrying on trade as an investment holding company should ensure they can demonstrate a high degree of involvement in the operations of the subsidiaries.
In the news 3 read button
Old Mutual prepares to shake up banking sector with new bank
South Africa’s second-largest insurer is set to launch a bank that will focus on capturing the mass market segment.
In the news 4 read button
FIC issues guidance on what is ‘a high-value goods dealer’
A high-value good is an actual physical item, and facilitating the trade of high-value goods does not make one a HVGD.
In the news 5 read button
New deadlines for completing the Trustee Training Toolkit
The FSCA has launched the second and final batch of the 22-module online course for board members of retirement funds.
In the news 6 story read button
Public warned against doing investment business with these entities
The unlawful impersonation of authorised FSPs to convince the public to part with their money is increasing.
In the news 7 read button
Sam Bankman-Fried gets 25 years’ imprisonment for FTX fraud
The judge criticised Bankman-Fried for his lack of remorse and stated that he knew his actions were criminal.
In the news 8 read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 25 to 28 March 2024
Broker’s debarment based on hearsay evidence
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2024-03-29

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Financial Advisor: Vulindlela Financial Services, Centurion. We are looking for a Financial Advisor who will be responsible for lead generation, setting up client appointments, and closing the sale. If you have excellent networking skills and short-term and long-term insurance sales experience, please send us your CV.
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Claims position: Cooke Fuller Insurance Brokers, Kloof, Durban. We are a well-established, professional and experienced company and are looking for an experienced, assertive individual with strong administration abilities and good interpersonal skills. The candidate must have at least 5 years’ experience in Commercial and Personal claims.
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Senior Administrator: GIB Financial Services (Pty) Ltd, Sandton, Johannesburg. This position requires an energetic person who is able to work well within a dynamic team. The successful candidate should be proficient in Microsoft Excel (V-Lookups, Pivot Tables etc) and have at least 4 years experience in Retirement Fund Administration.
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Outbound Sales Rep Call Centre – Discovery Group Consultancy | U Covered: U-Covered Insurance Solutions, Auckland Park, Johannesburg. This position requires at least 2 year sales experience, as well as a RE5 qualification as per the FAIS Act. COB and CPD certificates will be beneficial.
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Executive Retirement Fund Consultant: GIB Financial Services (Pty) Ltd, Sandton, Johannesburg. GIB is a leading provider of Retirement Fund Services  focused on delivering tailor-made products and solutions that suit our clients’ specific needs. The candidate should have a B Com or similar and have at least 6 years experience in the Employee Benefits industry.
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Outbound Sales Rep Call Centre - Discovery Group Consultancy: U-Covered Insurance Solutions, Auckland Park, Johannesburg. This position requires at least 1 year sales experience, as well as a RE5 qualification, only if you have already worked in financial services for more than 2 years as a Representative as per the FAIS Act..
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Broker Support Administrator: Intellisure Insurance Brokers, Newlands, Cape Town. A bespoke insurance brokerage based in Newlands, Cape Town is currently looking for an extremely competent, dependable, and energetic Broker Support Administrator to manage mainly commercial but also personal insurance portfolios inclusive of claims..
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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