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Financial Soundness of Representatives
The new Determination of Fit and Proper Requirements for Financial Services Providers, 2017 (Board Notice 194 of 2017) ...
industry news
Competition Commission data challenged
Legalbrief Today recently reported: The Competition Commission’s preliminary report into the private healthcare industry came under fire at the Hospital Association’s annual conference recently when a lawyer described the data as flawed. According to a Beeld report, Anthony Norton, of law firm Nortons Inc, said in his presentation the findings and recommendations of the commission […]
best practice
South African Crime Stats – opportunity for consumers and …
The release of the South African crime stats lead to a lot of talk in the media, on social media as well as in public conversations. With the murder rate that continues to climb, there were a few notable decreases. Is the statistics just a subject matter at the next braai or board room meeting […]
technologically speaking
Fintech triggers regulatory scrutiny in South Africa
In a recent ITNewsAfrica article Dave van Niekerk, Executive Chairman of MyBucks, a Frankfurt-listed fintech with operations in Europe, Africa and Australia, said that fintech is able to take businesses anywhere. “Fintech is largely unmatched in its ability to bridge financing gaps and bring underbanked and excluded segments of the world population into the mainstream […]
compliance and legislation
A view from the CEO of Discovery Health
The National Health Insurance Bill and the Medical Schemes Amendment Bill – A view from the CEO of Discovery Health The Department of Health issued the National Health Insurance (NHI) Bill and the Medical Schemes Amendment (MSA) Bill for public comment in June 2018. Dr Jonathan Broomberg, CEO of Discovery Health recently shared his view on […]
The rise of drone usage in the insurance industry
An article on this topic was recently published on the FIA website. The use of drones is rapidly growing in popularity. Individuals, companies and even governments have come to realise that drones have multiple uses. Drones can access places where man cannot reach in a very efficient manner. The benefit of the use of drones […]
Financial Soundness of Representatives
The new Determination of Fit and Proper Requirements for Financial Services Providers, 2017 (Board Notice 194 of 2017) sets out a number of new requirements relating to the financial soundness requirement of representatives. Natural Persons The financial soundness requirements set out in Chapter 6 of the Board Notice do not apply to any representative who […]
Protection of data
Protection of data – become familiar with the requirements On May 25, 2018, the European Union’s General Data Protection Regulation (GDPR) came into force. The GDPR standardises data protection law across all 28 EU countries and imposes strict rules on controlling and processing personally identifiable information. Closer to home we have POPI, the Protection of […]
South African Healthcare criticism
South African Healthcare criticism – further delay in Health Inquiry and release of IRR report There are currently three important considerations affecting the healthcare sector in South Africa: the National Health Insurance (NHI) Bill, the Medical Schemes Amendment Bill and the Health Market Inquiry. The timing and sequence of the release of the legislation and […]