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Home / Author: Mark Bechard / Page 2

Author: Mark Bechard

Videos

Video interview: New mutual insurer enters the market

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Key regulatory and compliance developments: looking back at 2024 and what’s ahead in 2025

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Issues around Budget 3.0 with tax specialist Louis Botha

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SRD grant is a temporary relief measure, says Social Development department

Financially squeezed government wants to overturn a judgment declaring aspects of the SRD regulations unconstitutional.

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Netcare lawsuit: private investigator’s evidence admissible under POPIA

The High Court rules that surveillance evidence is lawful under POPIA when it serves the defence of a legal right. The ruling allows Netcare to use the evidence in its defence against a multimillion-rand lawsuit.

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SA won’t get off the grey list in June – Treasury now aiming for October

South Africa is yet to demonstrate ‘sustained effectiveness’ in investigating and prosecuting serious money laundering and terrorist financing activities

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MPs push for deeper financial sector transformation

The Finance and the Trade and Industry committees will engage with roleplayers from across the sector before finalising a report that will be tabled in Parliament.

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Broker’s acknowledgment of debt falls outside National Credit Act

The High Court overturns a lower court’s decision in favour of a financial adviser whose commissions were clawed back.

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Majority judgment ‘does not alter’ RAF’s liability for medical scheme members’ claims

The High Court in Cape Town rejects the Road Accident Fund’s contention that the Mlambo judgment has altered the legal landscape.

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PPS takes its mutual insurance model to the broader SA market

It says the new business division, called glu, provide members with straightforward insurance solutions and profit-sharing.

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Court ruling on SRD grant could deepen the government’s fiscal crisis

The judgment strikes down restrictive aspects of the grant regulations, ordering the government to increase the grant and ensure that no eligible applicants are excluded.

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Retirement fund secures R14m order against municipality and its officers

The High Court describes the municipality’s persistent challenges to the fund’s applications as an example of the destruction of the country’s constitutional ethos.

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ConCourt divided over employers’ right to dismiss post-retirement employees

Can an employer rely on section 187(2)(b) of the Labour Relations Act when dismissing an employee who has worked beyond the normal or agreed retirement age?

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Discovery to appeal ‘far-reaching’ judgment in favour of RAF

The High Court says Discovery Health misconstrued the scope of the judgment that set aside the RAF’s first directive on the payment of medical scheme members’ claims.

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High Court reinforces key principles of disclosure in insurance

Applicants must fully disclose all relevant information during underwriting, even if it was divulged in past applications.

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Enforcement is the Achilles’ heel in contribution compliance, says Adjudicator

The FSCA, National Treasury, and the Pension Funds Adjudicator tell MPs what they are doing to address the non-payment of retirement fund contributions. Regulatory interventions other than COFI may be in the offing.

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R300m a year: the price tag of administering the two-pot system

The FSCA is evaluating whether administration fees are reasonable. If it believes they are not, it will explore whether it is necessary to cap or regulate fees.

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Agreement can’t override an FSP’s duty to initiate debarment proceedings

The High Court rules on a former employee’s contention that the FSP’s notice of intention to debar was a breach of their settlement agreement.

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Bank fraud: FICA doesn’t create a private law right to third-party damages

A couple who were victims of business email compromise argued that FICA imposed a private law duty on Nedbank to protect them from financial harm.

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Debtor carries the risk, says High Court in ruling on cyber-fraud liability

The judgment highlights that confirming payment details is essential to avoid financial loss.

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Investment Rates

 

Updated 14 July 2025

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Money Market funds

Updated 14 July 2025

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FAIS Ombud highlights disclosure duties
https://youtu.be/wPIh84KJNvk
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  • FAIS Ombud highlights need for follow-up when a policy changes materially
  • Road Accident Fund is at a crossroads
  • Top achievers praise HCert in short-term insurance for practical skills
  • Lack of full and frank disclosure sinks FSP’s licence application
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