Santam’s Lloyd’s bet faces R550m loss as revenue lags costs
Santam’s new Lloyd’s syndicate is expected to post a loss of up to R550m in 2026, even as group earnings and international premium growth remain strong.
FSCA withdraws My Wealth Dias penalty and Coetzee debarment
The regulator will refer Banks Act findings to the Prudential Authority and reconsider action against Charl Coetzee in light of additional information.
FIC revises annual RMCP deadlines in final Directive 12
The affected institutions face October deadlines, while the consultation feedback provides guidance on how the requirement applies in practice.
Discovery Bank turns the corner as the group’s business changes
Discovery Bank has reached profitability, while Vitality, Invest, and Insure are making larger contributions as the group gradually broadens its earnings base.
This is what finally prompts South Africans to make a will
Sanlam’s survey finds that major family events are powerful catalysts for will-making, while financial advisers are also well placed to prompt clients to act.
UPDATED | FSCA details basis for debarments of Africa Bitcoin officers
The regulator says its investigation into September 2022 share transactions found contraventions of the Financial Markets Act.
Living annuity inflows hit R104.5bn as assets top R900bn in 2025
ASISA’s member statistics show substantial market growth, while the average drawdown rate remained broadly stable at 6.6%.
Behind the rewards, a much bigger Vitality business
What began as a programme rewarding healthier behaviour now spans insurance, healthcare, technology and more than 50 million members worldwide.
How scammers turn your trust against you
Social engineering is driving digital banking losses as criminals use convincing impersonation, urgency, and technology to manipulate customers into giving them access to their money.
The file that can make winding up an estate easier
A ‘When I’m gone file’ does not replace a will, but it can help loved ones and executors find the information needed to administer an estate.
Forex jurisdiction: what the Constitutional Court settled – and what it did not
The judgment distinguishes jurisdiction over a foreign company from jurisdiction over its offshore conduct, while leaving the Competition Act’s broader reach for another case.
New IT and cyber incident reporting template now in effect
The reporting framework requires financial institutions to assess materiality promptly and provide regulators with information even while an incident is being investigated.
SCOPA blames RAF’s litigation failures for billions in legal costs
The committee says delays in investigating and settling claims, combined with a chaotic approach to litigation, have driven much of the Fund’s escalating legal bill.
RE1 is just the start of the Key Individual journey
From regulatory exams to qualifications, Class of Business training, and CPD, MBSE can support professionals through the broader Fit and Proper requirements.
Why did one law firm get 90% of RAF Corporate Panel work?
An arrangement intended to cost R10m for 10 months ran for years, absorbed R26.6m in seven months, and included claims work outside its scope.
RAF’s 25% contingency-fee cap under scrutiny
SCOPA says linking attorneys’ success fees to claim values may create incentives to inflate claims, while billions in legal costs flow through a small group of firms.
Health insurance benefit increases for 2026 published
The annual benefit escalations for policies that fall under the Demarcation Regulations.
Information Regulator sounds alarm over data breaches
The Regulator highlights the scale of security incidents, direct-marketing concerns, enforcement cases, and weaknesses in the legislative framework.
