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As a central knowledge portal to the retirement and related industries, EBnet publishes a range of daily articles submitted by a range of industry organisations, experts and contributors. Readers can also comment on and contribute to articles.

When it comes to regulatory reform, one of the key aspects underpinning the approach of the Financial Sector Conduct Authority (FSCA) under Twin Peaks is that the regulation of the financial sector is being done using an outcomes-based approach, ensuring that regulation and supervision will be risk-based, proportionate, intensive and intrusive.

This could mean anything in the broader scheme of things and brokers have often approached FAnews asking us to engage with the regulator to gain some clarity on these issues. We recently attended a media round table where these issues were discussed. 

Out...

On 18 September financial advisers gathered at the Sandton Convention Centre for Alexander Forbes Investment’s 2018 IFA Symposium.Designed to grow sustainable practices, financial advisers engaged with international headline speakers, economists and thought leaders around topics that challenged conventional thinking.

The financial adviser of the future

In the opening speech an important message was shared, “The financial planning industry is at tipping point. It is at a tipping point because South Africans need help. We are here to support financial advisers to challenge conventional thinking, t...

Let’s be honest — many of us harbour a secret fantasy of living forever. If we could stay healthy and function intellectually, endless life would allow us to share in succeeding generations’ joys, witness unfathomable technologies, and assess whether our lives made a lasting impact on the future. Even shy of immortality, a longer life seems desirable, if it can be lived well and if we could afford it.

Today’s retirees can expect to spend more years in retirement than the entire lifetime of people living a few centuries ago. To borrow from a recent MoneyWeb article by Patrick Cairns…

For your gra...

The Constitutional Court judgement in Minister of Justice and Constitutional Development and Others v Prince; National Director of Public Prosecutions and Others v Rubin; National Director of Public Prosecutions and Others v Acton and Others [2018] ZACC 30, handed down on 18 September 2018, paves the way for legislative change in respect of the use of cannabis by an adult in private.  The judgement, fundamentally, has two effects; the first is to read-in various provisions, prescribed by the Constitutional Court, into the Medicines & Related Substances Act No. 101 of 1965, as amended, and the...

September 26, 2018

Following the dismissal of CEO Andrew Darfoor yesterday, Alexander Forbes shares jumped as much as 8%. 

The board of Alexander Forbes said it terminated Andrew Darfoor's services due to a "loss of confidence and trust".

This follows several months of a high number of staff exits that formed part of a restructuring of the group.

In it's SENS announcement on 25 September 2018 8:54, they state the following:

"Shareholders are advised that the board has, resulting from a loss of confidence and trust, terminated the services of Mr AA Darfoor as Group Chief Executive and Director of the Company with imm...

September 26, 2018

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Sisa Cwabisa and Thandeka Magudulela; they purport to be financial services providers.


The FSCA received information that Sisa Cwabisa and Thandeka Magudulela are using Stone Wealth Management (PTY) LTD’s FSP number 29494 to run a scam; where they guarantee exceptional returns on small investments and they are using an old promotional video via WhatsApp that was used by Stone Wealth Management (PTY) LTD over 4 years ago. Sisa Cwabisa is an intern at Stone Wealth Management (PTY) LTD and Thandek...

September 26, 2018

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Bull N Bear Investments (Pty) Ltd. Bull N Bear Investments (Pty) Ltd is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.


The FSCA received information that there is a person or persons soliciting funds from people, purporting to act for a company named Bull N Bear Investments (Pty) Ltd. These people assert that they are a registered financial services provider, FSP number 48969 with the...

Ten years ago, on September 23, 2008, the T-Mobile G1 made its debut, marking the birth hour of Android. More than a year after Apple had released the first iPhone, Android’s debut wasn’t as spectacular and, as opposed to the iPhone, the first Android device still had a physical keyboard. But Google’s open approach to building a mobile platform quickly proved to be successful and it took less than three years for Android to become the number 1 platform in the booming smartphone market. 

As the following chart illustrates, much of the smartphone market’s exponential growth over the past decade...

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