Consumers can cancel a ‘voetstoots’ vehicle sale
A National Consumer Tribunal ruling confirms that selling a car ‘as is’ doesn’t nullify a buyer’s right to a refund or repair under the CPA.
Author: Moonstone Information Refinery
Community-owned bank placed in resolution as SARB steps in
Ditsobotla co-operative bank has been placed in resolution after the SARB cited regulatory breaches, financial losses, and governance failures.
LRA Amendment Bill caps dismissal remedies for high-income earners
The proposed changes limit employees earning over R1.8m a year to compensation – capped at their annual salary – for unfair dismissal claims.
FirstRand welcomes core ruling in UK commissions case
The group may have to adjust its R3.3bn litigation provision to accommodate the criteria of the regulator’s proposed redress scheme.
Pay and pension gaps leave women financially vulnerable in retirement
Discovery’s analysis shows that women retire with 21% fewer assets than men – driven by a 24% pay gap, unequal caregiving burdens, and conservative fund choices.
Competition Tribunal clears TymeBank–Sanlam loan book deal
TymeBank and Sanlam will form SanlamTyme JVCo, combining digital banking muscle with lending expertise in a R5bn unsecured loan book partnership.
SARB ramps up 3% inflation goal – Godongwana insists on due process
The Reserve Bank’s repo rate cut by 25bps to 7% signals the start of a more accommodative cycle as inflation remains firmly under control.
Treasury wants insurers to assume more municipal disaster risk
The government will engage the sector on the potential for parametric insurance to improve South Africa’s approach to disaster risk.
South Africans need spending discipline to turn financial plans into reality
Fewer people are pausing contributions or dipping into investments, yet many doubt they’ll have enough for a comfortable retirement, according to the Savings & Investment Monitor.
Why insurance plays a limited role in municipal risk financing
A study says the reasons include underinsurance, poor maintenance, claims processing delays, and market constraints.
Gambling surges as cash-strapped workers bet to make ends meet
Old Mutual warns that an increasing reliance on betting to pay bills or settle debt is eroding financial well-being.
FATF completes on-site assessment of SA’s anti-money laundering reforms
The Financial Action Task Force’s Plenary in October will decide whether to remove South Africa from the grey list.
Tribunal upholds debarment for unauthorised transactions
Despite claims of verbal consent from her client, the FST found the adviser’s informal arrangements did not satisfy the requirements for written, explicit authorisation.
Global investors shifting back to equities, survey finds
Investors are shifting away from US-heavy passive strategies towards active, globally diversified portfolios, according to Schroders’ Global Investor Insights Survey.
Authorities developing Joint Standard on cloud computing and data offshoring
The FSCA and PA publish recommended best practices, urging financial institutions to adopt a risk-based approach aligned with their size and complexity.
Wealth management certificate gives top achievers clarity and confidence
For two high achievers, MBSE’s Higher Certificate in Wealth Management didn’t just build skills – it affirmed their passion, sharpened their career focus, and gave them the confidence to grow in the financial planning industry.
Medical schemes call on Parliament to order RAF to settle claims
The Health Funders Association asks the Standing Committee on Public Accounts to direct the Fund to cease legal action relating to its directives.
