Victims of multimillion-rand Ponzi share their stories
Victims of multimillion-rand Ponzi share their stories

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Investment Indicators | 8 July 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Investors demand justice as alleged ‘Ponzi mastermind’ remains free
Steinhoff former execs accused of reaping hundreds of millions through ‘fraudulent efforts’
Book now for Moonstone Compliance’s no-cost FICA webinar
In the news
FSCA provides an update on progress with the move to COFI
CCMA settlement agreement does not invalidate debarment
Performance tool for IFAs in retail investment sector
New competition laws will impact small businesses
Impersonation fraud skyrockets by 337%, targeting financial sector
Perspective
AI’s energy appetite to spark global capacity expansion
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
Moonstone positions
ADVERTORIAL
GTC banner 2023-10-02
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Fund members will require sophisticated fund administration accommodating the numerous alternative elective pre-retirement withdrawals of the Two-pots retirement system. They will also require additional - professional - counselling regarding the impact of premature pre-retirement withdrawal. Are you and your funds ready for this legislation?

Book a presentation with our CEO Gary Mockler to see how GTC can assist 13B administrators and benefit consultants with the relevant business processes associated with Two-pot.

Visit our website at www.gtc.co.za.

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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) 6.540% 6.460%
Discovery (G) 5.796% 6.055%
Nedgroup Life (L) 5.480% 5.480%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.900% 6.820%
Discovery (G) 6.183% 6.443%
Clientele (G) 5.685% 4.003%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 9.06% 9.09%
Coronation 8.73% 8.79%
Symmetry 8.68% 8.76%
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
Investors demand justice as alleged ‘Ponzi mastermind’ remains free
Victims of the Classic Financial Services scheme express dismay that director Cobus Geldenhuis remains at large amid ongoing accusations of defrauding innocent investors.
Top story read button
Steinhoff former execs accused of reaping hundreds of millions through ‘fraudulent efforts’
The NPA indictment against former executives Stéhan Grobler and Ben la Grange details how they earned millions due to inflated share prices based on false profits.
Top story read button
Book now for Moonstone Compliance’s no-cost FICA webinar
The FIC’s ‘grace period’ for compliance has expired, so make sure your business meets all the regulatory requirements.
Top story read button
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FICA banner
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IN THE NEWS
FSCA provides an update on progress with the move to COFI
The Authority’s latest three-year Regulation Plan does not specify by when the three-phase transition project will be completed.
Itn read button
CCMA settlement agreement does not invalidate debarment
Tribunal highlights the distinction between the processes that fall under the Labour Relations Act and the FAIS Act.
Top story read button
Performance tool for IFAs in retail investment sector
Alexforbes’ recently launched Retail Manager Watch surveys provide a detailed analysis of the retail multi-asset class investment landscape.
In the news 3 read button
New competition laws will impact small businesses
The regulations relate to commercial dealings among small businesses and agreements between suppliers, customers, and distributors.
In the news 4 read button
Impersonation fraud skyrockets by 337%, targeting financial sector
Dr Jerry Chetty, the head of business integrity at Santam, reports a troubling trend where fraudsters use social engineering to obtain policyholder information.
In the news 5 read button
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F & P - Gold - 4 Export-live-chat
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PERSPECTIVE
AI’s energy appetite to spark global capacity expansion
The increased use of AI will demand a major build-out of data centres and greatly increase electricity consumption.
Read full article
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MOONSTONE UPDATE 1 TO 4 JULY 2024
Steinhoff created illusory profits – NPA
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2023-12-01

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Experienced Financial Advisor – Wealth Management: Morebo Wealth (Pty) Ltd, Braamfontein. Empower your growth, enjoy flexibility, maximize your earnings, and thrive with a supportive, entrepreneurial environment. We offer numerous growth and development opportunities within our diverse business units. Join us to build strong, lasting relationships and realize your potential.
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