SUMMARY Global and Local Investments Advisors (Pty) Ltd (“the Appellant”), a financial services provider, was authorised to invest and manage money entrusted by Nickolaus Ludick Fouche (“the Respondent”). The Appellant’s role is to open accounts for its clients at Investec and then manage such accounts for a fee expressed as a percentage of the funds
SUMMARY This is an appeal by Centriq Insurance (Centriq) against a ruling holding it liable to its insured member, a financial advisor (Mr Castro), under a professional indemnity policy.   Mr Castro advised Mrs Marisa Vogel Oosthuizen (the Respondent), who is a widow, to invest the proceeds of her deceased husband’s policy in an amount