Primary healthcare insurers get another reprieve
Primary healthcare insurers get another reprieve

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Moonstone Monitor | 4 April 2024
IN THIS WEEK'S ISSUE
Top stories
Jooste’s death raises questions about the fate of seized assets and Steinhoff prosecution
Primary health insurance policies can be sold for another year
Veracity Markets hit with R10 million fine for unauthorised OTC trading
In the news
MyWealth entities fined R73 million and founder debarred for 20 years
FSP top ups maturity value after Ombud finds investor was not properly advised
Tax collection in 2023/24 comes in at R10bn more than expected
FSCA only accepting e-Portal submission of financial statements and returns
Updated risk assessments for estate agents and legal practitioners
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TOP STORIES
Jooste’s death raises questions about the fate of seized assets and Steinhoff prosecution
A fiduciary expert discusses the legal complexities surrounding attached assets in the wake of Markus Jooste’s death.
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Primary health insurance policies can be sold for another year
The exemption will remain in force for 12 months unless a decision is made on low-cost benefit options before 31 March 2025.
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Veracity Markets hit with R10 million fine for unauthorised OTC trading
Nirvesh Financial Services was also penalised for failing to ensure that its representatives, Veracity and its directors, complied with the applicable laws.
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IN THE NEWS
MyWealth entities fined R73 million and founder debarred for 20 years
Investors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.
Itn read button
FSP top ups maturity value after Ombud finds investor was not properly advised
The complainant was aggrieved because he received R470 000 from the R700 000 put into an investment plan with income.
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Tax collection in 2023/24 comes in at R10bn more than expected
SARS rakes in more from personal income and VAT, but corporate tax slumps by almost 9%.
In the news 3 read button
FSCA only accepting e-Portal submission of financial statements and returns
The Authority will deem financial statements and other reports as outstanding until they are correctly captured and submitted on the FAIS e-Portal.
In the news 4 read button
Updated risk assessments for estate agents and legal practitioners
The Financial Intelligence Centre has revised the reports first issued in March 2022.
In the news 5 read button
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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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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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IN LIGHTER WYN
Food for thought
 
On the line

 

 

On the line

 

 

On the line

MacGyver

 

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