‘Travel rule’ advisory issued to CASPs
‘Travel rule’ advisory issued to CASPs

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Investment Indicators | 22 April 2025
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Tax Court faults SARS in R158m VAT case over legal insurance fund
No exemptions: all CASPs must adopt ‘travel rule’ directive
In the news
What you need to know about credit scores
SCA dismisses former hedge fund manager’s bid to stay prosecution
Five years to finalise an investigation and impose a sanction is ‘unreasonable’
FSCA moves to simplify RA and preservation fund transfers
Consumer Commission clamps down on dodgy car repairs
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

Have your fund members been advised on Two-pots options?

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?

Are you on top of your clients’ claims and payouts. What members are saying about

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Have you used Two-pot to improve your relationship with your retirement fund clients? 

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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) 6.000% 6.020%
Discovery (G) 5.681% 5.717%
Nedgroup Life (L) 5.250% 5.250%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.390% 6.400%
Discovery (G) 6.067% 6.104%
Clientele Life (G) 4.789% 4.885%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.11% 8.11%
Coronation 7.80% 7.86%
Nedbank 7.78% 7.76%
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
Tax Court faults SARS in R158m VAT case over legal insurance fund
SARS’s stance on input VAT was overturned after the court found the fund to be the principal in an insurance agreement – not merely an agent.
Top story read button
No exemptions: all CASPs must adopt ‘travel rule’ directive
The FSCA and the FIC remind CASPs and FSP CASPs of the compliance requirements that take effect on 30 April.
Top story read button
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IN THE NEWS
What you need to know about credit scores
South Africa mainly uses two credit-scoring models, but they’re not identical. Understand how each model evaluates your financial habits, and how to improve your standing in both.
Itn read button
SCA dismisses former hedge fund manager’s bid to stay prosecution
The appeal court upholds the High Court’s finding that neither the prosecutorial delay nor Marc van Veen’s brain-tumour diagnosis warrants a permanent stay.
Top story read button
Five years to finalise an investigation and impose a sanction is ‘unreasonable’
The Tribunal says individuals who are subject to administrative action are entitled to fair processes that include the speedy finalisation of their matter.
In the news 3 read button
FSCA moves to simplify RA and preservation fund transfers
In response to industry calls, the Authority has drafted an exemption from the section 14(1) process for retail retirement funds.
In the news 4 read button
Consumer Commission clamps down on dodgy car repairs
The Tribunal orders Cape Town Motor Repairs to refund a customer and pay a R100 000 fine after failing to complete vehicle repairs within the agreed timeframe.
In the news 5 read button
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MOONSTONE UPDATE 14 TO 17 APRIL 2025
DA, EFF are weaponizing the courts, says Godongwana
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2025-03-14

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Key Individual (KI)- Part-Time & Remote: Benfeivel, South Africa (Remote Role). Ready to take the next step in your career? Please include your FSCA DOFA and clearly list your FSCA Category Approvals (e.g. Cat I, Cat II) with your application.
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Financial Advisor: MillennialNxt, Umhlanga Ridge, KZN. Join Our Client, a leading financial services group, and take the next step in your career as a Financial Advisor. We offer expert guidance, training, and a supportive environment to help you succeed in the financial industry.
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Commercial Lines Underwriter: GVC Insurance Consultants , Pinelands, Cape Town,WC. A well-established brokerage, based in Pinelands, is seeking a qualified Commercial Lines Underwriter to join their team. This is a permanent position within the Commercial Lines division, responsible for connecting clients with tailored coverage solutions.
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Short-Term Insurance Commercial Lines Underwriter: Intasure (PTY) Ltd, Cape Town, Southern Suburbs. A well-established Insurance Brokerage in Cape Town, Southern Suburbs requires the services of an office based Commercial Lines Underwriter.
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Broker Support Administrator : Intellisure Insurance Brokers, Newlands, Cape Town. An organised and competent Broker Support Administrator is required by a High Networth short term insurance brokerage based in Newlands, Cape Town.
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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