RAF’s balance sheet delivers a brutal reality check
The return to the GRAP accounting standard has put R452.4bn of liabilities back on the books – more than nine times the RAF’s annual income of R48.1bn.
Opt-out rules bring financial services into the compliance net
The NCC’s draft guidelines include financial institutions and insurers, giving businesses five months to prepare for monthly database cleansing and enforcement.
14 appear in court over alleged R3.99m VAT refund fraud
The case forms part of Project Jan Vas, a wider investigation into an alleged organised criminal network targeting the tax system across several provinces.
Brendan Dunn ‘goes one step further’ to win 2026 Planner of Year Award
Here are all the award-winners announced at the Financial Planning Institute’s gala dinner on Wednesday night.
‘The future of financial planning is AI plus trust’
Kirsty Scully says five global trends and four possible AI scenarios show why advisers must adapt without sacrificing the human guidance clients value.
Sanlam offers R505 a share to take Santam private
Sanlam wants to take full ownership of Santam in a deal that values minority shareholders’ exit at a 26.6% premium.
Sizwe Hosmed enters 2027 with 40% solvency and self-administration in place
Contributions will increase by between 7.5% and 8.5%, with Essential Copper introducing a lower-income band.
Momentum Corporate to acquire full ownership of Verso
The deal gives Momentum full ownership of the retirement fund administrator despite Verso’s recent losses, with scale and complementary businesses central to the rationale.
Warning over RE certificates bearing FSCA’s and Moonstone’s branding
The regulator says EduMe is not an approved examination body, although education providers may offer services that help candidates prepare for the examinations.
FSCA investigates Sanus after receiving client complaints
The regulator is examining possible contraventions involving the provider, which operates the EZInvest and Financix trading platforms.
Debarment set aside after call record contradicts key allegations
The Tribunal questioned Clientèle’s ‘free’ voucher advertising and sales script, while the insurer says its Royalty benefit is provided at no additional cost.
Your future self is counting on you
World Financial Planning Day is a timely reminder to reflect on your retirement plan, with MBSE’s Julette Wentzel asking whether your future self will thank you for today’s decisions.
Financial control improves, but households still have little room for error
The latest Sanlam index shows that greater control over monthly commitments does not necessarily mean people are better prepared for an unexpected financial shock.
FIC provides practical guide to RMCP submissions under Directive 12
The FIC has laid out the practical steps for accountable institutions facing their first RMCP submission deadlines under Directive 12.
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.
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.
Sanctions-screening software is no shield against non-compliance
The FIC’s new manual explains when institutions should screen clients, how they must assess possible matches, and what follows when sanctioned property is identified.
Most parents have an education plan, but few are prepared for the full cost
FNB’s survey suggests that underestimated expenses and reliance on current income leave many plans vulnerable as children progress through the education system.
