Bonitas raises contributions by 8.7% as new service model takes shape
Four months after a troubled administrator switch, Bonitas is betting on new products, tighter managed care and a stronger digital offering to rebuild member value and trust.
Momentum Medical Scheme to raise contributions by 7.9%
The scheme is pairing the increase with changes to Health4Me and a broader push into prevention, wellness, and digital healthcare.
Medihelp sets 7.5% weighted average increase for 2027
Most members will face increases of 7% or less, while the scheme is adding benefits in mental health, maternity, preventive care, and emergency treatment.
Discovery Health’s 2027 plans: 8.2% average increase and a new option
Two out of three beneficiaries will face increases below 8%, while Discovery is adding a new lower-cost plan and expanding its personalised health platform.
Bestmed sets 2027 contributions to increase by 7.35%
The scheme is adding a R1 000 healthcare benefit, expanding preventative care, and making targeted changes to medicine, casualty, and clinical cover.
Parliament hits pause on urgent JIBAR transition Bill
The invalidation of the Public Procurement Act has left lawmakers weighing whether removing part of the amendment Bill would require further public participation.
UPDATED | Regulator provisionally withdraws five FSP licences
The separate actions follow findings of alleged contraventions at three providers and preliminary questions about the management and oversight of two others.
FIC issues draft guidance for dealers in precious metals and stones
Draft PCC 126 sets out when dealers fall within FICA’s high-value goods category and explains the resulting registration and compliance obligations.
FSCA reviews broker-fee governance and bank sales conduct
The 2025/26 Integrated Report records supervisory work on disclosure, customer consent, transactional fees, and customer treatment.
Authority reverses expected deficit to post R118.7m surplus
Levies supplied almost 89% of revenue, while the financial statements recorded a R4.04bn impairment against gross penalty debtors of R4.06bn.
Inspections uncover recurring gaps in key compliance controls
Higher-risk institutions were found wanting on RMCPs, customer due diligence, registration requirements, and targeted financial sanctions screening.
Blocked proceeds and FIC-linked recoveries fall sharply
Demand for financial intelligence remained high as the Centre supported court proceedings, asset-recovery work, and the Madlanga Commission.
CASP growth drives new demands on FIC supervision
CASPs helped the FIC exceed its illicit-flow intelligence target, while only 176 of the 362 registered providers submitted Directive 7 returns.
Bank freeze and SARS recovery powers converge in VAT fraud case
The judgment considered Bidvest’s contractual authority to suspend the account separately from SARS’s subsequent use of section 179 of the Tax Administration Act.
Waseem Carrim takes over RAF as claims and governance crises mount
The new CEO inherits a Fund grappling with a large claims backlog, mounting legal costs, and management instability.
Santam strengthens Syndicate 1918 team as Lloyd’s operation scales up
Hina Shavdia joins as COO as Santam increases Lloyd’s capacity and expects a larger loss before the business reaches break-even.
Tribunal: FSCA cannot impose joint-and-several penalties under section 167
The FST says the factors in section 167 of the FSRA are individual in nature and must be assessed in determining the appropriate penalty for each person.
SCA draws the line on access to FIC information
The Court says confidential information cannot be disclosed simply because it may be relevant to litigation, reinforcing the protections built into FICA.
