AFU secures R11m linked to Foschini impersonation scam
The National Prosecuting Authority says the forfeiture follows an impersonation scheme that led to payments exceeding R22m.
Author: Moonstone Information Refinery
Two-pot amendments resolve uncertainty for older provident fund members
The Revenue Laws Amendment Act settles the treatment of provident and provident preservation fund members aged 55 or older on T-day.
Under fire: the risks reshaping short-term insurance in SA
Interconnected hazards are altering claims patterns and capital pressures for insurers – shifting priorities for brokers and corporate risk teams, says PSG Insure.
Administrator must compensate fund member for tracing failure
It failed to take reasonable steps to trace the member, resulting in the depletion of a small benefit through admin charges, the OPFA says.
Disciplinary process under way at GPAA amid governance concerns
Parliament reiterates concerns about financial management and governance highlighted in recent audit outcomes.
Bonitas’ dispute with Medscheme heads to court
Bonitas’ decision to change administrators comes amid a CMS investigation and High Court proceedings involving its former service provider.
Judgment sheds light on beneficiary changes in living annuities
Was a beneficiary nomination signed under a power of attorney and submitted after death valid?
When AI goes wrong, liability still lands on humans
As AI reshapes workplace decisions, legal experts and insurers warn that professional indemnity and D&O exposure is rising fast.
Satrix lists its first actively managed income ETF on JSE
Satrix says the lack of investable income indices has driven its move into active management, starting with a conservative income ETF.
Ex-Home Affairs employee jailed for funeral insurance fraud
The former employee abused her access to the National Population Register to manipulate death records.
COIDA overhaul: what workplaces need to know about injury claims and compliance
Recent COIDA amendments overhaul workplace safety, claims, and compliance rules, creating new obligations for employers and expanded rights for employees.
Supply-chain paralysis emerges as a core insurance risk
Political risks and violence have reached their highest position in the Allianz Risk Barometer, reflecting rising concern over war perils, civil unrest, and sabotage.
Suspects allegedly linked to global fraud scheme arrested in multi-agency operation
Authorities allege the syndicate convinced individuals from countries such as Australia, the US, and the UK to invest more than R1 billion.
Private higher education steps up as universities hit capacity limits
With public universities unable to meet demand, private institutions are becoming a vital part of South Africa’s higher-education solution, offering career-aligned, accredited pathways for thousands of students.
FSTC sets February deadline for 2025 B-BBEE reporting
The extent of the reporting obligation is determined by the category under which an institution falls.
Tribunal misapplied legal test in debarment reconsideration, High Court rules
The FST erred because it focused on contractual obligations rather than the broader fit and proper requirements.
A digitally enabled practice is key to broker success, says Santam
Technology adoption matters less than how well it is integrated into workflows, skills development, and client engagement in a complex insurance environment.
