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Due diligence under the spotlight

Due diligence under the spotlight

Court Papers filed in the United States reveal that a host of Africa’s former political leaders and their families are allegedly stashing their cash in South Africa’s property market, once again highlighting the importance of due diligence. “The country’s status as Africa’s most sophisticated financial hub and its low prosecution rate are enabling politically exposed persons to hide vast amounts of money in real estate,” a February...

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What is Directive 8 all about?

What is Directive 8 all about?

Directive 8, which looks at accepting gratification, has been widely discussed in the retirement industry – especially it’s breadth of scope and how it will impact fund officials. According to an article in the latest FCSA Bulletin, the Registrar of Pension Funds views the following, among others, as gratifications: money, donations, gifts, loans, fees, rewards, valuable security, property or interest in property; any forbearance to demand any...

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