Publish Date: 2018-10-05
Category: PA Financial Sector Regulation Joint Standards
Author:
Attachments:
Link full article: FSRA Joint Communication 2 of 2018 – Consultation Paper on FP for SO
Category Archives: South African News
September
Publish Date: 2018-10-05
Category: Assets and Liabilities
Statement of Assets and Liabilities
Attachments:
Link full article: September
Information notice on the official gold and foreign exchange reserves of the South African Reserve Bank as at 30 September 2018
Publish Date: 2018-10-05
Category: Information Notice
Author: Financial Markerts
This notice provides detail of the US dollar equivalent of the level of the South African Reserve Bank’s (SARB) official gold and foreign exchange reserves, Special Drawing Rights (SDRs) and foreign currency deposits received from customers published today in the SARB’s Statement of Assets and Liabilities as at 30 September 2018.
Attachments:
Link full article: Information notice on the official gold and foreign exchange reserves of the South African Reserve Bank as at 30 September 2018
News24.com | City lost R100m it could have spent on poor people, protesters claim
About 20 members of Reclaim the City (RTC), an activist group campaigning for affordable housing, protested outside the local offices of Growthpoint Properties in Claremont on Thursday, according to a GroundUp report.
They demanded answers from the company after Mayor Patricia De Lille announced that a forensic investigation would be conducted into the controversial Foreshore deal between Growthpoint and the City of Cape Town.
In 2016, Growthpoint bought a 3 939m² piece of prime development land on the Foreshore (Site B) for R86.5m. According to RTC, this was at least R100m less than what it was worth, and the money “could [have] be[en] spent on helping the poor”.
Earlier this week, De Lille requested a forensic investigation into the sale, which may have lost the City up to R140m. GroundUp previously reported that the City had not properly explained the property deal.
RTC members chanted and held up signs depicting photographs of the dealmakers and questions that they wanted them to answer.
On a sign, which depicted Growthpoint CEO Norbert Sasse, were the questions: “When did you know the land was undervalued? Before or after the auction? How did you find out? Do you think you paid a fair price? How many houses could be built with the money you saved? Will you now pay more or give our land back?”
Nkosikhona Swartbooi, head of organising at housing activist group Ndifuna Ukwazi, said a few weeks ago the organisation discovered that Growthpoint paid for 17 000m² of bulk rights (which determines the size of the building on the site) when it should have paid for 46 000m².
“I stay in Khayelitsha and I stayed in a shack for more than 14 years of my life. My mom and my sister had to use the bush to relieve themselves … I know the impact of not having basic services and that comes with housing. They’re (the City) saying there is no land available when they’re selling our land to the private sector,” said Swartbooi.
Sasse was not on site.
Head of Corporate Communications Nadine Kuzmanich addressed the protesters. She said Growthpoint was not in a position to answer the questions and asked that the protesters give the company 21 days. She also said Growthpoint was still engaging with the City.
“If we don’t hear from you on October 25, we will be back. We have a reputation of going to people’s houses,” said Swartbooi.
Sport24.co.za | Nike ‘deeply concerned’ by ‘disturbing’ Ronaldo rape claims
New York – Pressure built on Cristiano Ronaldo from his sponsors after Nike on Thursday joined EA Sports in expressing deep concern with the rape allegation facing the soccer star.
The five-time world player of the year has denied the claim. Late Thursday night, he received public backing from his Italian club, Juventus, shortly after Nike issued its statement to The Associated Press.
Nike has had a contract with Ronaldo, one of the wealthiest and most famous soccer players in the world, since 2003. The latest terms signed in 2016 are worth a reported $1 billion and Ronaldo has suggested that it was a deal “for life.”
But the Beaverton, Oregon-based apparel maker is troubled by the details emerging in a lawsuit filed last week in a Nevada state court by a woman who alleges she was raped by Ronaldo in Las Vegas in 2009.
“We are deeply concerned by the disturbing allegations and will continue to closely monitor the situation,” Nike said in an emailed statement to the AP.
Ronaldo wears Nike boots and appears in its advertising.
The Portugal captain is also the face of the EA Sports FIFA video game franchise, appearing on the cover of the 2019 game that was released worldwide last week.
“We have seen the concerning report that details allegations against Cristiano Ronaldo,” EA Sports told the AP. “We are closely monitoring the situation, as we expect cover athletes and ambassadors to conduct themselves in a manner that is consistent with EA’s values.”
Whereas other players might be winding down their careers at 33, Ronaldo is still in demand by leading clubs. Ronaldo made the third big transfer of this career in July, leaving Real Madrid after nine years for Juventus, a move that cost the Italian club 112 million euros (then $132 million).
Breaking its silence on the alleged assault, Juventus strongly backed its most expensive star in a Twitter statement.
“Cristiano Ronaldo has shown in recent months his great professionalism and dedication, which is appreciated by everyone at Juventus,” the Italian league champions said. “The events allegedly dating back to almost 10 years ago do not change this opinion, which is shared by anyone who has come into contact with this great champion.”
Joint PA and FSCA Communication 3 of 2018 – Temporary continuation of insurance business of the Intermediaries Guarantee Facility (IGF)
Publish Date: 2018-10-04
Category: PA Joint PA and FSCA Communication
Attachments:
Link full article: Joint PA and FSCA Communication 3 of 2018 – Temporary continuation of insurance business of the Intermediaries Guarantee Facility (IGF)
News24.com | Alleged rapist arrested after cops respond to ‘murder in progress’ complaint
Western Cape police arrested a man in Delft when they responded to a “murder in progress” complaint and saw members of the community attacking him.
He is expected to appear in the Bellville Magistrate’s Court on Thursday in connection with child rape allegations.
Western Cape SAPS spokesperson Captain FC van Wyk said officers were called to Mangoro Street in Leiden, Delft on Sunday afternoon and found a group of locals assaulting a 36-year-old man.
“They removed the person and upon further investigation they gathered information that the suspect allegedly raped two girls, aged 6 and 9. The victims were taken to a nearby hospital to be examined,” he said.
The Family Violence, Child Protection and Sexual Offences Unit is investigating the case, according to Van Wyk.
KEEP UPDATED on the latest news by subscribing to our FREE newsletter.
– FOLLOW News24 on Twitter
News24.com | LIVE: Zuma gave go-ahead for nuclear without Treasury approval – Nene at #StateCaptureInquiry
Nene says during a meeting, former minister of energy Tina Joemat-Pettersson produced a one-page letter which required Nene’s signature.
Nene says he refused to sign the letter. “I told president Zuma in the meeting that I could not sign the letter without having first interrogated the financial and fiscal implications, and proposed funding model.”
Nene says Zuma had pressured both Joemat-Pettersson and himself to get the letter signed off.
Zondo confirms with Nene that if he had indeed signed this letter, it would have indebted South Africa in terms of the commitments laid out in the letter.
PA-SARB-FIC Memorandum of Understanding
Publish Date: 2018-10-03
Category: PA Financial Sector Regulation Act
Attachments:
Link full article: PA-SARB-FIC Memorandum of Understanding
News24.com | LIVE: Protesters gather outside court ahead of Dros rape suspect’s appearance
COLUMN: Dros rape: Media must strive to minimise harm
Like everyone else Media Monitoring Africa (MMA) is appalled by the rape of a child in a restaurant. While brutally clear as an act, the issues it raises are complex and varied and touch on almost every aspect of our nation’s wounds and apartheid legacy.
On top of it all, the trauma is amplified, resonated and recycled through social media.The tragic reality is that each day just over 64 children are sexually assaulted (SAPS 2017/18 figures) and these are the ones that make it to the SAPS.
In the majority of cases (approximately 60%) the perpetrators are known to the children and are within their social circle. The case of the child being raped by a stranger in a restaurant is unusual and the brazenness in which it occurred, together with it being in a middle class area and the immediacy of social media and witnesses releasing the information make it ripe for extensive news coverage.