Thursday briefing: a round-up of recent financial services news
OM concerned about lapses | OM 2022 results | Santam buys MTN’s device book | RAF seeks to appeal claims ruling.
Author: Moonstone Information Refinery
Top insurance risks to guard against in 2023
These risks will significantly affect those who don’t have the right cover in place or no cover at all, says Old Mutual Insure.
Reserve Bank launches new cashless payments platform
Comparison of fees shows that PayShap is not necessarily the cheapest way to transfer money.
Gizzu portable power stations recalled after overheating poses a potential fire risk
Advice on identifying possible problem units and using a lithium-ion battery safely to prevent it from degrading rapidly.
Grey-listing: what you can expect when transacting with foreign institutions
An outbound money transfer may now take much longer than a week or two.
Sanlam net results hit record high in 2022
But new business volumes from life insurance operations fall 10%.
Cap on healthcare broker fees increases by 4.7%
Applies to contributions received from 1 January.
Survey reveals financial advisers and investors’ perceptions of crypto
Lack of regulation and insufficient knowledge are the main barriers.
FSCA to allow regulation 28 unit trusts to invest in hedge funds
This is one of three changes the Authority is proposing to make to Board Notice 90.
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Our Further Education and Training Certificates provide a pathway to further qualifications.
Celebrating 20 years of Moonstone Compliance
Watch our special anniversary video that tells the Moonstone Compliance story.
Court makes punitive costs order against Guardrisk after finding expert’s evidence wanting
Insurer must pay R1.82m to a Ferrari owner whose claim was rejected on the grounds of reckless driving.
Thursday briefing: a round-up of recent financial services news
New limits for allowances | Grey-listing will last ‘for years’ | Grey-listing, blackouts ‘eroding SA’s status’ | Rand manipulation case.
FSCA provisionally withdraws Prosper’s licence following its liquidation
Authority also pulls the licence of Stringfellow Financial Services.
Momentum’s interim profit jumps 46% as Covid becomes endemic
However, cash-strapped consumers are putting new business volumes under pressure.
SIU probes 102 law firms for duplicate payments
Investigation into allegations of corruption and maladministration at the Road Accident Fund.
Glacier by Sanlam on track to becoming SA’s largest LISP
Its asset base is expected to grow even further after the integration of Absa’s LISP business.
