Conflict between Divorce Act and pension law changes
Conflict between Divorce Act and pension law changes

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Moonstone Monitor | 14 March 2024
IN THIS WEEK'S ISSUE
Top stories
Restraints of trade: important principles for FSPs and advisers
Industry red-flags contradictions between Divorce Act and pension law amendments
It’s ‘business as usual’ for debarred director of Classic Financial Services
In the news
Global Money Week: promoting financial literacy with MBSE courses
Fairtree wins South African Manager of the Year award
Bad analysis feeds mistrust in SA’s financial system, says Kganyago
Ransomware gang claims to have leaked government pension data
Rising fire risks prompt urgent focus on insurance in the agri sector
Forensic investigation finds no evidence of billing fraud at Mediclinic
Same falsified Uber receipts, but a different outcome at the Tribunal
New earnings threshold takes effect on 1 April
Increase in penalty for non-submission of insurance returns
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In Lighter Wyn
Quotes about government and politics
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TOP STORIES
Restraints of trade: important principles for FSPs and advisers
The Labour Court upholds AdviceWorx’s application to enforce its restraint agreements against advisers who joined Wealth Associates.
Top story read button
Industry red-flags contradictions between Divorce Act and pension law amendments
The Association for Savings and Investment SA and the Institute of Retirement Funds Africa also call for amendments not related to the two-pot system to be held over.
Top story read button
It’s ‘business as usual’ for debarred director of Classic Financial Services
A provisional sequestration order for the estate of Classic Financial Services director Jacobus Geldenhuis has been granted.
Top story read button
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IN THE NEWS
Global Money Week: promoting financial literacy with MBSE courses
Moonstone Business School of Excellence has three short courses that will improve your money management skills.
Itn read button
Fairtree wins South African Manager of the Year award
The full list of winners at this year’s Raging Bull Awards ceremony.
Top story read button
Bad analysis feeds mistrust in SA’s financial system, says Kganyago
The governor of the Reserve Bank also says he is confident the country will get off the grey list in 2025.
In the news 3 read button
Ransomware gang claims to have leaked government pension data
LockBit, the cybercriminal group allegedly responsible for the attack, was the subject of a take-down operation by global law enforcement agencies.
In the news 4 read button
Rising fire risks prompt urgent focus on insurance in the agri sector
A dispute over a R14 million claim underscores the importance of clear communication and thorough risk assessment in fire insurance agreements.
In the news 5 read button
Forensic investigation finds no evidence of billing fraud at Mediclinic
ENSafrica identified some incidents involving mistakes or unintended errors, but these were ‘random and minuscule’.
In the news 6 story read button
Same falsified Uber receipts, but a different outcome at the Tribunal
There are differences in the circumstances surrounding the debarments and the reconsideration applications.
In the news 7 read button
New earnings threshold takes effect on 1 April
If you earn above the threshold, certain provisions of three pieces of labour legislation no longer automatically apply.
In the news 8 read button
Increase in penalty for non-submission of insurance returns
The penalty is R8 215 a day, in terms of the Long-term Insurance Act or the Short-term Insurance Act.
In the news 9 read button
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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Outbound Sales Rep Call Centre - Discovery Group Consultancy: U-Covered Insurance Solutions, Auckland Park, Johannesburg. U-Covered is part of the U-Financial Group consisting of U-Covered, Jeffcott and U-Sorted. U-Covered is currently ranked 2nd best performing Discovery Insure Group Consultancy.
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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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Sales Consultant: Pioneer Group, Durban. We require successful completion of the RE5, as well as 3-5 years of experience.
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Short Term Insurance Underwriter: The Insurance Center, Westville, Durban. A Westville short term insurance service provider is looking for an experienced personal and commercial underwriter.
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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IN LIGHTER WYN
Quotes about government and politics
“In my many years, I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a government.” – John Adams (President of the United States from 1797 to 1801)

“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” – Winston Churchill (British statesman)

“A government which robs Peter to pay Paul can always depend on the support of Paul.” – George Bernard Shaw (Irish playwright, critic, and political activist)

“Foreign aid might be defined as a transfer of money from poor people in rich countries to rich people in poor countries.” – Douglas Casey, classmate of Bill Clinton at Georgetown University

“Giving money and power to government is like giving whiskey and car keys to teenage boys.” –P.J. O’Rourke (US author, journalist, and political satirist)

“Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you.” – Pericles (495 to 429 BC, Greek politician and general)

“No man’s life, liberty, or property is safe while the legislature is in session.” Mark Twain (American writer, humourist, and essayist)

“The government is like a baby’s alimentary canal, with a happy appetite at one end and no responsibility at the other.” – Ronald Reagan (President of the United States from 1981 to 1989)

“The only difference between a taxman and a taxidermist is that the taxidermist leaves the skin.” – Mark Twain

“What this country needs are more unemployed politicians.” – Edward Langley (American artist)

“A government big enough to give you everything you want is strong enough to take everything you have.” – Thomas Jefferson (President of the United States from 1801 to 1809)

“We hang the petty thieves and appoint the great ones to public office.” – Aesop (c. 620 to 564 BC, Greek fabulist and storyteller)

“If you think health care is expensive now, wait until you see what it costs when it’s free.” – P.J. O’Rourke.

Chile


Husband: We just ate. Why are you making pancakes?

Wife: They’re for the dogs.

Husband: Why are you making pancakes for the dogs?

Wife: They don’t know how.

Driver

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