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21-Sep-2017
Epic MSLGROUP

Few issues in central banking are more likely to provoke anxiety than the fear of losing control of one’s currency. Recent events have provided another perfect illustration of this point with the Chinese central bank banning initial coin offerings of bitcoin-based currencies.

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21-Sep-2017
LegalBrief

A discussion document proposing options for reforming financial sector dispute resolution mechanisms was released yesterday for comment. According to an accompanying media statement, three options are mooted: ‘enhancing the (existing) hybrid model of statutory and industry ombuds’; ‘moving toward a centralised model, establishing a single statutory ombud scheme’; and ‘moving toward exclusively industry-established ombuds, overseen by the Ombud Council’.

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21-Sep-2017
Information Regulator chairperson Pansy Tlakula warned businesses against using dubious means to access personal information of South Africans when pursuing clients or selling goods and services. One of the regulator’s priorities was to outline a standard code of practice for call centres and telemarketing groups.

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21-Sep-2017
LegalBrief reports that the Reserve Bank is meeting representatives of SA’s banks today to raise concerns over possible negative consequences should auditing firm KPMG be forced to close its doors over the SARS scandal, notes a Business Day report.

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