Articles by Jessica Anne Wood
Drinking age could increase to 21
Minister of Trade and Industry Rob Davies has released the Final National Liquor Policy for public comment. The draft policy was initially released last year. It proposes a number of significant changes to the current legislation aroun...
Why are people not paying their debt?
The latest Credit Bureau Monitor (CBM) released by the National Credit Regulator (NCR) revealed that there has been an increase in the number of credit defaulters. According to the results, credit facilities over the period decreased by R1.26 mi...
Cyber insurance now available in SA
Phishield has stepped up to provide insurance to protect digital information to the consumer. The insurance offers protection against fraudulent online purchases, card fraud, phishing scams, as well as fraudulent EFT funds transfers and in-...
Minister of Finance summonsed for fraud
Pravin Gordhan, Minister of Finance, has been issued with a court summons for fraud by the National Prosecuting Authority (NPA).
Pravin called to court – the reactions
A statement released by National Treasury this week, confirmed the receipt of a summons from the Hawks. The summons relates to charges of fraud (or alternatively theft) by Minister of Finance Pravin Gordhan relating to the early retirement of So...
DA moves to have Hlaudi removed permanently
The Democratic Alliance (DA) has filed its founding affidavit in the Western Cape High Court to have Hlaudi Motsoeneng’s latest appointment to group executive of corporate affairs at the SABC declared invalid. At a media briefing, James S...
Why you can’t Blame President Zuma for all your financial woes (even if you want to)
When things go wrong it is very easy to blame someone else. This week Finance Minister, Pravin Gordhan, blew the lid off “suspicious and unusual transactions” linked to the Guptas to the tune of R6.8 billion, and perhaps whatȁ...
Death and retirement benefit pay outs a concern
The delayed payments of death and retirement benefits by funds to members and beneficiaries is concerning. This is according to the 2015/2016 Annual Report released by the Office of the Pension Funds Adjudicator (OPFA). According to the report, ...
Why you will pay for the nuclear deal
Eskom will reportedly be the procurer for the nuclear build programme. However, there are concerns as to whether or not the state owned power entity will be able to fulfil its role. Chris Yelland, energy expert and managing director of...
Cape Town implements stricter water restrictions
Level 2 water restrictions were implemented in Cape Town on 1 January of this year. With the drought still ongoing and water shortages posing a challenge, the city has recommended the implementation of level 3 restrictions.
RABS an affordable alternative to RAF
At a media event in Cape Town today, members of the Road Accident Fund (RAF) highlighted that the current model in unaffordable. The fund has been insolvent since 1981. However, a new system of dealing with road accidents on South Africa’...
Discovery Life fined by FSB
The Financial Services Board has fined Discovery Life and Regal Financial Services for contraventions to section 3A of the General Code of Conduct for Financial Services Providers. According to a Discovery Life spokesperson, the company has coop...