Monday, November 21, 2011

Insurance

http://www.insurance.za.org/

While the jury is still out regarding how the Consumer Protection Act will affect medical schemes, the Commissioner for the National Consumer Commission has been clear on some basic requirements from schemes in terms of their goods and services.

Judges ratify curatorship application

http://www.fin24.com/Companies/Financial-Services/Judges-ratify-curatorship-application-20111120

Johannesburg. – Last year there were grounds to place the operations of Dynamic Wealth and some of its associate companies into curatorship.

The way in which the investments in its income portfolios were converted into preferential shares in Specialist Income Limited (SIL) alone constitute sufficient reason to grant the application for provisional curatorship.

This was the unanimous decision of five judges in the Supreme Court of Appeal last week.

In February 2010 the Financial Services Board (FSB) submitted an application to the North Gauteng High Court in Pretoria for Dynamic Wealth and some of the other companies to be placed into curatorship under its control.

This application, based on an FSB inspection report regarding the activities of Dynamic Wealth, was dismissed eight months later.

In September last year then acting Judge Hennie de Vos decided that the inspection report was only secondary proof of the fact and did not adequately prove that curatorship was justified.

Dynamic Wealth Management Zurich Research and Data Technology News Articles

http://dynamicwealthmanagement-data.com/


MORELIA, Mexico (AP) — Three major political parties are campaigning in the Mexican president’s home state, but it’s the groups that aren’t on Sunday’s ballot that have everyone worried: the drug cartels.
In hilly, rural Michoacan, a state known for its avocados, marijuana and meth, the mobsters are putting Mexico’s halting democracy to a test, using violence and bribes to influence elections for governor, the legislature and all 113 mayors.
While many other Mexican states have been penetrated by narco-politics, nowhere is that influence as overt as in Michoacan, where the electoral season so far has featured the kidnapping of nine pollsters, the gunning down of a mayor, and the withdrawal of at least a dozen candidates frightened off the campaign trail by organized crime.