Tribunal makes costs order against debarred representative
Tribunal makes costs order against debarred representative

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Investment Indicators | 26 February 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
What employers need to know about the revised employment equity targets
Insurer seeks costs order against debarred representative
Is South Africa on track to getting off the grey list?
In the news
FSCA clears the way for CIS managers to establish retail feeder hedge funds
Budget 2024: Advice is critical to helping consumers navigate financial pressures
Acknowledgment of debt, even indirectly, halts prescription
Another amendment coming to curb tax avoidance when making an interest-free loan to a non-resident trust
An update on beneficial ownership registration filings
Acrimonious divorce: wife seeks order for husband to be locked up for not paying private school fees
FIC to host another free webinar on how to complete risk and compliance returns
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) 7.000% 6.940%
Discovery (G) 6.154% 6.223%
Momentum (L) 6.000% 6.370%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 7.370% 7.300%
Discovery (G) 6.542% 6.611%
Momentum (L) 6.460% 6.830%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 9.13% 9.09%
Symmetry 8.75% 8.72%
Coronation 8.71% 8.72%
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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Fedgroup large banner 2024-02-26z
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TOP STORIES
What employers need to know about the revised employment equity targets
The draft regulations for sector-specific numerical targets raise legal questions amid the upcoming amendments to the Employment Equity Act.
Top story read button
Insurer seeks costs order against debarred representative
Insisting on a formal hearing at the Tribunal, and then not attending it, may have unpleasant consequences.
Top story read button
Is South Africa on track to getting off the grey list?
Moonstone speaks to Ninety One’s Sangeeth Sewnath about the extent to which greylisting is affecting the economy, the markets, and investors.
Top story read button
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FICA banner
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IN THE NEWS
FSCA clears the way for CIS managers to establish retail feeder hedge funds
The 75% investment limit in Board Notice 52 inadvertently excluded the establishment of retail feeder hedge funds as a portfolio style.
Itn read button
Budget 2024: Advice is critical to helping consumers navigate financial pressures
Financial advisers can guide their clients on how to manage the knock-on effect of rising costs without compromising their long-term financial wellness.
Top story read button
Acknowledgment of debt, even indirectly, halts prescription
The High Court confirms that an acknowledgment of debt, even if not directly made to the creditor, interrupts the time limit for legal action.
In the news 3 read button
Another amendment coming to curb tax avoidance when making an interest-free loan to a non-resident trust
The context to Treasury’s concern is where the arm’s length interest rate is lower than the official rate of interest.
In the news 4 read button
An update on beneficial ownership registration filings
Cliffe Dekker Hofmeyr unpacks the requirements provided by the Companies and Intellectual Property Commission in Customer Notice 5 of 2024.
In the news 5 read button
Acrimonious divorce: wife seeks order for husband to be locked up for not paying private school fees
Her refusal to agree to move the children to a public school has resulted in the children not attending school at all.
In the news 6 story read button
FIC to host another free webinar on how to complete risk and compliance returns
The relevant accountable institutions must submit the RCRs to avoid additional scrutiny or administrative sanctions.
In the news 7 read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 19 TO 22 FEBRUARY 2024
Budget 2024: little cheer for taxpayers and consumers
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2024-02-23

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Claims Administrator (Non-Motor) – Buildings: MUA Insurance Acceptances (Pty) Ltd, Bellville, Cape Town. An excellent career opportunity awaits a dedicated and skilled claims specialist with technical knowledge and experience in personal lines building claims.
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Marketing and Underwriting opportunity in Short term insurance: De Klerk & De Villiers Insurance Brokers (Pty) Ltd, Port Elizabeth. We are offering a Marketing and Underwriting opportunity in Short term insurance Categories: Personal/Domestic Lines & Commercial. We are looking for a dynamic professional with a good knowledge of Agri insurance / Agri background.
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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