Move to tweak ‘bona fide inadvertent error’ to favour SARS
Move to tweak ‘bona fide inadvertent error’ to favour SARS

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Investment Indicators | 24 March 2025
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
FSCA’s contingency plan: navigating COFI delays and licensing overhaul
Levies and fees weighed as PA prepares to regulate CISs and retirement funds
Proposal to tweak ‘bona fide inadvertent error’ in favour of SARS
In the news
FSCA discloses approach to regulating a rapidly changing financial sector
Godongwana reassures Ithala’s depositors with R2bn guarantee
High Court upholds surety deed despite electronic signature hurdles
The effective use of disclaimer notices and clauses to exclude liability
Treasury and SASSA granted leave to appeal ruling on SRD grant
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 2025
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ADVERTORIAL
GTC banner 2023-10-02

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Are your members using Two-pot responsibly? A GTC perspective on the matter.

Are your members knowledgeable about the impact of their Two-pot decision?

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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) 5.950% 6.30%
Discovery (G) 5.799% 5.754%
Nedgroup Life (L) 5.210% 5.270%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.330% 6.420%
Discovery (G) 6.186% 6.141%
Clientele (G) 4.815% 4.858%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.16% 8.16%
Coronation 7.96% 8.20%
Symmetry 7.87% 7.87%
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
FSCA’s contingency plan: navigating COFI delays and licensing overhaul
The FSCA is preparing for the massive task of migrating about 12 500 financial services providers into the new COFI framework.
Top story read button
Levies and fees weighed as PA prepares to regulate CISs and retirement funds
The PA shared an update on the six workstreams focused on the transition, confirming that they will be ready to regulate CISs and retirement funds by 1 April 2026.
Top story read button
Proposal to tweak ‘bona fide inadvertent error’ in favour of SARS
The move will limit taxpayer defences that rely solely on claiming an unintentional mistake.
Top story read button
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IN THE NEWS
FSCA discloses approach to regulating a rapidly changing financial sector
Unathi Kamlana says the Authority will support the integration of advanced technologies and strengthen frameworks for consumer protection, cyber resilience, and financial inclusion.
Itn read button
Godongwana reassures Ithala’s depositors with R2bn guarantee
The minister’s address to the FSCA conference also touched on regulation, South Africa’s G20 presidency, political tensions over the Budget, and economic growth.
Top story read button
High Court upholds surety deed despite electronic signature hurdles
The decision in favour of Momentum Metropolitan Life affirms the importance of substance over form in electronic surety agreements.
In the news 3 read button
The effective use of disclaimer notices and clauses to exclude liability
Recent cases reaffirm that disclaimer notices must be prominently displayed and clearly worded to be enforceable, ensuring that consumers are adequately informed of their rights and risks.
In the news 4 read button
Treasury and SASSA granted leave to appeal ruling on SRD grant
‘Due to the complexity and seriousness of this case … it deserves the attention of the Supreme Court of Appeal,’ says Judge Leonard Twala.
In the news 5 read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 17 TO 20 MARCH 2025
SA must avoid a second grey-listing, says Treasury
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2025-03-20

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Compliance Officer: Trive South Africa – Licensed Financial Services Provider (FSP27231), Gauteng/Cape Town, South Africa. We are seeking a detail-oriented and knowledgeable Compliance Officer to join our team. The Compliance Officer will be responsible for ensuring that the company adheres to all regulatory requirements and internal policies, promoting a culture of compliance and ethical conduct throughout the organization.
Read more
Experienced Financial Planners: Advisory Partners Collective,Sandton,Gauteng. Join Advisory Partners Collective  and take your career to the next level with top-tier support, cutting-edge resources, and a powerful network for success.
Read more
Commercial & Personal Lines Underwriters: Porcupine Union, Centurion, Gauteng. Our client, a leading financial services group, has roles available for both Commercial and Personal Lines Underwriters.They are looking for detail-oriented and proactive Underwriters who will be responsible for generating commercial and/or personal lines quotations for new and existing clients,
Read more
 
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