Classic Financial’s Geldenhuis in court after four-year wait, first LDA lodged
Decades-long fraud and a R617m investor shortfall put Geldenhuis back in the spotlight as Classic’s liquidation enters its first distribution phase.
Stricter reporting obligations for crypto-asset transactions
From 1 March, new frameworks will impose expanded due diligence and information-exchange obligations on exchanges, custodians and banks.
‘Medical schemes face structural strain as claims growth outpaces contributions’
The 2024 Industry Report highlights rising utilisation, ageing membership, and persistent under-pricing as the key forces reshaping medical scheme sustainability.
Kickbacks crackdown: regulators target estate agent-conveyancer inducements
The PPRA and LPC tighten enforcement as complaints surge over referral incentives, early commissions, and covert ‘gift economy’ deals.
Ombud warns of surge in day-trading losses as investors underestimate risk
Many trading platforms are FSCA-licensed but expressly do not provide advice. This typically blocks successful complaints unless advice can be proved.
11 schemes account for nearly 90% of broker fees
Broker service fees made up 17.65% of medical schemes’ directly attributable insurance service expenditure in 2024.
Speeding spikes 23% over the holidays – but the time saved is negligible
Discovery Insure’s report on festive-season travel discloses who speeds, who swerves, and who needs to put the phone down.
Scheme on the road to stability, says curator
An accelerated 19% contribution increase is designed to correct historic under-pricing and shore up reserves.
When gold miners become tech giants: a timely lesson in a concentrated market
How to manage money responsibly when 84% of JSE equity performance is concentrated in only a few stocks and investors are tempted by huge rallies and FOMO.
Levy increases for 2025/26 lower than initially proposed
Moonstone’s levy calculator enables FSPs to find out quickly how much they will pay to the FSCA, FAIS Ombud, and Tribunal.
NPC report recommends reducing retirement funds’ offshore limit
The National Planning Commission recommends revising Regulation 28 to redirect at least 20% of retirement fund assets towards infrastructure and productive fixed assets.
Relief at last: Ithala depositors can access frozen funds from 8 December
Treasury’s R2.2bn intervention ends an 11-month account freeze, unlocking payouts for Ithala’s 257 000 depositors while the liquidation case continues.
Countdown to JIBAR cessation: SARB urges market to step up transition to ZARONIA
South Africa’s financial markets brace for the end of Jibar as SARB signals a major shift toward the more transparent, transaction-based ZARONIA benchmark.
Co-payments unpacked: the real drivers behind member shortfalls
A practical guide to why co-payments arise, how schemes set them, and how advisers can help clients manage the risk.
Tribunal sets aside OUTsurance debarment over evidentiary gaps
The insurer did not provide supporting documents or call recordings that could resolve the material disputes of fact.
Santam goes global: Lloyd’s approves Syndicate 1918 launch
South Africa’s leading short-term insurer is set to underwrite international property, marine, cyber, and more from January 2026.
Dead on arrival: Court strikes claim issued after borrower’s death
The High Court strikes FirstRand’s repossession action after finding the defendant died months before summons was issued.
Moonstone’s master storyteller launches his debut book
After two decades of entertaining Moonstone readers with his wit and storytelling, Paul Kruger has released a collection of humorous and heartfelt tales.
