Syndicates falsely claiming links to JSE and FSCA
Two WhatsApp-based syndicates are misrepresenting links to the JSE and the FSCA and unlawfully soliciting funds.
Author: Moonstone Information Refinery
High Court allows OMART to search underwriting manager’s premises
Old Mutual Alternate Risk Transfer wants to access data held by SA Guarantee Specialists after discovering that offshore guarantees were issued without authorisation.
Court slaps Ithala for ignoring warnings, upholds repayment administrator’s authority
The High Court says the state-owned financier must comply with deposit controls while awaiting the Supreme Court of Appeal’s ruling.
FSCA publishes comprehensive Conduct Standard for CIS managers
The Conduct Standard establishes mandatory risk, compliance and internal audit functions, plus notification and approval requirements for key appointments.
Cyber threats: awareness high, but cover still low
Only a fraction of South African consumers and businesses have cyber cover, leaving a significant gap between awareness and protection.
Free FIC webinars for accountable institutions in August
The sessions will cover institutions’ regulatory reporting obligations and establishing beneficial ownership.
Rapid growth of Ninety One fund signals rising demand for SA infrastructure debt
The SA Infrastructure Credit Fund has reached R2 billion in assets under management, with over 80% deployed into transport, energy, water, and digital projects.
Insurer told to withdraw advert that promoted discrimination
The ARB found that the ad’s analogy between greeting a taxi driver in the ‘wrong’ language and driving without insurance relied on a harmful stereotype.
Life insurers pay out R39.5bn, with 95.6% of death claims honoured
Policies subject to underwriting had the highest payout rates in 2024, reflecting lower fraud and non-disclosure and the value of comprehensive risk assessment.
Mastering the RE 5: how MBSE turns compliance into career capital
With its structured, flexible training, Moonstone Business School of Excellence transforms the daunting RE 5 into an achievable milestone – equipping learners with regulatory fluency.
‘No one is coming to save us’ – a call for women-led wealth networks
Biotech innovator Dineo Lioma urges female entrepreneurs to back one another, citing Africa’s $45bn funding gap and the power of women-led businesses to multiply capital and create jobs.
No blanket exchange control exemption for cryptocurrencies
The SARB will publish targeted frameworks to govern cross-border crypto flows and CASP reporting, says the Minister of Finance.
CIS industry tops R4 trillion as investors ride JSE rally
Only R23bn of the R146.13bn in annual net inflows was fresh capital, yet reinvested dividends and interest helped push AUM to R4.16 trillion.
MFSA: Buy Now, Pay Later operating in a regulatory void, putting millions at risk
BNPL’s credit-like features require the same statutory protections under the National Credit Act, says MicroFinance South Africa.
Accountable institutions must ensure they are correctly registered
Institutions that are wrongly registered as ‘business entities with a reporting obligation’ face being sanctioned by the FIC.
SARB sees path to growth: lower inflation, de-risking, and smarter debt
Reserve Bank Governor Lesetja Kganyago says permanently lower inflation, fiscal consolidation, and reduced country risk could cut interest rates and create space for sustainable growth.
ConCourt clarifies scope of section 30P of the PFA proceedings
The Adjudicator breached audi alteram partem by making adverse findings about a Fund’s investigation without giving it a substantive opportunity to respond.
