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The Molefe judgement

Judgement of the Democratic Alliance v Minister of Public Enterprise and Others; Economic Freedom Fighters v Eskom Holdings Limited and Others; Solidarity Trade Union v Molefe and Others.
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The Prudential Authority: what is it?

Recently, we discussed the Financial Sector Conduct Authority. In this edition, we consider the Prudential Authority. Both of these regulators were introduced as part of the Twin Peaks model of financial sector regulation to regulate financial institutions (which includes retirement funds, administrators and insurers) under the Financial Sector Regulation Act.
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The arrival of the Financial Sector Conduct Authority

In a recent letter to stakeholders, Abel Sithole, in his capacity as Commissioner of the newly established Financial Sector Conduct Authority (FSCA), announced that the Financial Services Board (FSB) had been “transformed” into the FSCA as of 1 April 2018. 
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The National Budget 2018

The first Budget speech under the presidency of Cyril Ramaphosa was delivered on 21 February 2018 by Minister of Finance Malusi Gigaba. The 2018 National Budget directs spending to the most pressing national priorities namely educating the youth; protecting the vulnerable and investing in enablers of inclusive growth. Budget 2018 charts a path out of economic stagnation, anticipating a steady increase in economic growth which will create a path to prosperity for South Africans and improve our nation's finances over time.
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How does B-BBEE apply to retirement funds?

On 1 December 2017, the amended Financial Services Sector Code (Code) was issued by the Minister of Trade and Industry. The Code has been issued in terms of the Broad-Based Black Economic Empowerment (B-BBEE) Act and makes reference to retirement funds and service providers to retirement funds.