COFI Bill approved for submission to Parliament
Omnibus AML/CFT Bill also gets the nod for tabling.
Author: Moonstone Information Refinery
Sasria reintroduces wrap cover with reduced limit
After a near five-year absence following the 2021 unrest, Sasria relaunches its wrap cover as a R500 million excess layer above the standard coupon.
Cartrack to pay R10m after consumer complaints trigger settlement
Cartrack will pay a R5m fine and refund over R5.1m to customers after 210 complaints prompted a regulatory probe.
FSCA to sharpen ESG disclosure rules as scrutiny shifts to conduct
Guidance under development signals stricter application of existing rules to sustainability claims and disclosures.
EV fire risk: low probability, high impact – and rising relevance for insurers
Rare but complex EV fire incidents are forcing insurers to rethink pricing, claims, and underwriting models.
From accident scene to insurance claim: a guide for motorists
Gathering the right information at the scene and reporting the accident correctly can prevent claim delays.
Debt counselling is designed for financial distress, not convenience
The Credit Association of South Africa sets out key aspects of the process that consumers should understand.
High Court orders 40% redistribution, weighing pre-marital cohabitation
The judgment shows that long relationships and indirect domestic contributions can justify substantial redistribution under the Divorce Act.
Life insurers top R5 trillion as growth masks rising risk pressures
Strong market performance lifts assets to record highs, but lapses and protection gaps persist beneath the surface.
SARS exceeds R2 trillion as compliance, not commodities, drives revenue
Milestone caps Kieswetter’s tenure as a new commissioner prepares to take office from 1 May.
FIC tightens crypto rules: ‘no data, no transfer’ standard emerges
New guidance forces CASPs to verify and transmit transaction data in real time – or halt the transfer.
High Court rules construction guarantees fall under insurance law
Judgment confirms that such guarantees require licensing under the Insurance Act, resolving a long-running classification dispute.
FSCA tests global ESG rating models as oversight debate sharpens
Discussion paper weighs regulation, codes and hybrid options as data quality and governance risks come into focus.
Directive 11 takes effect as FIC opens detailed RCR guidance for comment
The FIC is inviting industry comment on draft guidance that sets out how institutions must complete and submit their 2026 risk and compliance returns before the April deadline.
Fuel relief now, answers later as the government buys time on price shock
A R3-per-litre levy cut cushions April’s fuel spike, but rising oil prices and expiring relief point to steep increases ahead.
Rejected claims expose behavioural risk in motor insurance
Motor insurance data shows most rejected claims are still driven by preventable driver behaviour, with direct implications for underwriting, advice and client risk.
New guidance clarifies credit provider scope under item 11
Final PCC 23A sharpens the definition of credit providers, confirming broad inclusion while drawing clearer lines around incidental credit and non-traditional lending.
