Clients following an adviser does not establish solicitation
The High Court found that enforcing a restraint required evidence of active conduct and a properly pleaded case against the former representative.
Gap between COFI readiness and action – survey
Uncertainty about the proposed requirements and demand for practical guidance are hindering the move from awareness to structured preparation.
Later living annuity nomination cannot override rights secured by divorce order
The judge ruled that an ex-wife’s vested contractual rights survived her former husband’s remarriage and subsequent nomination of his second wife.
Six qualifications to build a career in financial services
MBSE’s online study options cater for aspiring entrants and experienced professionals seeking to advance in financial planning, insurance, compliance, and financial management.
Fraud prevention reaches R1.6bn, but actual losses edge higher
Detected incidents fell by 16% in 2025, while fraudulent and dishonest insurance claims accounted for most of the potential losses stopped.
Swiss Re shifts SA corporate insurance portfolio to Old Mutual Insure
The proposed transaction will make OM Insure the local insurer, while Swiss Re retains a strategic presence through technical expertise and international programmes.
Final 2026 RE1 and RE5 examination dates approach
Candidates still have time to book a December sitting, while those planning ahead can already note the first examination date for 2027.
Offshore CFD complaint turns on role of local FSP
The Tribunal found no evidence that the provider advised the investor on the loss-causing trades or breached its intermediary obligations.
FST reinforces limits on Adjudicator’s jurisdiction over employer-held disability claims
The ruling set aside directions concerning an employer-held benefit that the retirement fund was not authorised to administer under its registered rules.
JSE adds three actively managed equity ETFs to its Main Board
The new listings bring the total number of ETFs on the exchange to 145, with a combined market capitalisation of more than R273 billion.
Treasury confident South Africa has strengthened AML controls
Treasury points to progress in tackling financial crime, but concerns about corruption and law enforcement could complicate the country’s fifth-round evaluation.
FATF warns traditional AML reporting may be too slow for scam networks
Criminal proceeds can move within minutes, prompting calls for earlier intervention and closer intelligence sharing across the financial, technology, and telecommunications sectors.
Sanlam’s R21.2bn Santam buyout heads for shareholder vote
Shareholders will vote on 2 December, with the proposed R505-a-share deal set to end Santam’s stock-market listings if approved.
AfCRA eyes first ratings, but has yet to engage with FSCA
Recognition will depend on meeting the requirements of the Credit Rating Services Act and, for regulatory use, securing additional approval from the Prudential Authority.
High Court clarifies when a handwritten document qualifies as a will
The ruling confirms that a document can be recognised as a valid will despite defects in witnessing, provided the deceased intended it to operate as their will.
When protecting client data means going to court
The High Court’s order required a former financial planner to return or delete protected information and confirm his compliance under oath.
Split Tribunal decision tests when a single dishonest act warrants debarment
The majority found deliberate deception sufficient, but the panel chairperson regarded the misconduct as an isolated lapse by a representative capable of rehabilitation.
FSCA finally withdraws Mixirite’s licence and widens investigation
The regulator says Mixirite no longer meets the fit and proper requirements, while four other companies face investigation over possible unlicensed financial services.
