Author Archive | Moonstone Information Refinery


FSCA reissues exemptions from competency requirements for certain licence categories

In February, the FSCA published FSCA Communication 4 announcing that it is exempting FSPs, key individuals and representatives who operate in the credit life and funeral insurance space from some of the Fit and Proper Requirements. Read: ‘Fit and proper’ exemptions for credit life, funeral insurance FSPs The reason for the exemptions is the “unintentional […]

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Discovery launches Shari’ah-compliant medical scheme arrangement

Members of Discovery Health Medical Scheme (DHMS) will be able to elect to have their health plan administered in accordance with Shari’ah principles from 1 June. It said South Africa’s first Shari’ah-compliant medical scheme arrangement was available to existing and new DHMS members on all 23 of its plans. Members who elect to have their […]

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FSPs given until the end of May to complete crypto assets survey

The FSCA has given FSPs until 31 May to complete an electronic survey of their crypto-asset-related activities. The purpose of the survey is to assist the FSCA in obtaining a better understanding of the extent to which FSPs are currently operating in the crypto asset environment, the FSCA said this week. “It is envisaged that […]

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Expert’s findings unreliable in dispute over damaged pump

The Ombudsman for Short-term Insurance (Osti) ruled that an expert’s findings on which the insurer relied to reject a claim were unreliable. The policyholder submitted a claim for storm damage to his jacuzzi’s pump. His claim was supported by a report from a contractor stating it had detected water damage, possibly from the heavy rain, […]

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Inseta extends discretionary grant funding deadline

Inseta has extended the deadline for companies in the insurance and related sectors to apply for discretionary grant funding for 2022/23 from 31 March to 13 April. Applications will be accepted at Inseta’s discretion and are subject to the following conditions: A company’s core business must fall within Inseta’s scope. Applicants must have submitted a […]

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‘Geopolitical tensions shouldn’t mean diluting your offshore exposure’

Diversification, including offshore diversification, and other basic long-term investing pillars should not be disregarded because of volatility caused by geopolitical events, says Kondi Nkosi, the country head of asset manager Schroders in South Africa. Many money managers and investors would have jumped at the opportunity to increase their offshore allocations after it was announced that […]

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