Court raises bar for repudiation based on misrepresentation or non-compliance
Non-life insurers may repudiate claims for alleged misrepresentation or regulatory breaches only when they can produce clear, consistent, and reliable evidence.
Author: Moonstone Information Refinery
Letsoalo stand-off: SCOPA vs RAF’s former CEO
Parliament’s announcement that SCOPA will seek the Speaker’s approval to lay criminal charges against former Collins Letsoalo leaves South Africans waiting to see what will happen next.
Alternative stock exchange resolves ‘opt out’ listings dispute with FSCA
A2X says it will pay the fine, adding the vast majority of the affected companies have elected to retain their secondary listings.
Tracking failures could void theft cover as year-end vehicle crime rises
Discovery Insure warns that inactive or faulty tracking devices may leave motorists without hijacking or theft protection.
FICA compliance webinars for crypto firms
The FSCA has uploaded recordings of its five-part webinar series aimed at helping CASPs meet their FICA obligations.
Trust, not tech, will decide Africa’s digital-asset future
Research across five countries finds consumers prefer banks over crypto platforms, citing security, regulation, and protection from scams.
New HPCSA rules put patients’ voices first in life-and-death decisions
Updated ethical guidelines give South Africans clearer control over end-of-life choices and tighten safeguards around the use of AI in healthcare.
Treasury pushes back against increasing taxes on higher-income earners
Deputy DG Christopher Axelson tells Parliament Treasury will prioritise improved revenue collection and closing loopholes rather than further rate increases.
FSCA and PA publish comprehensive study into AI use in financial sector
The regulators will issue a discussion paper to clarify governance, disclosure, and consumer-protection expectations.
MBSE opens 2026 qualification applications with early-access incentive
Prospective students can jump-start their 2026 studies with early course access and benefit from a 50% discount on MBSE’s full suite of COB modules until 31 December.
Second-highest quarterly CIS inflows on record in Q3
For the first time since 2020, a meaningful share of the quarterly inflows came from new capital rather than reinvested income.
SARB adds crypto and stablecoins to new financial-stability risk category
Top domestic Bitcoin wallets moved nearly R63bn offshore since 2019, spurring the SARB and Treasury to develop a cross-border crypto transaction framework.
Ombud clears up big misconception about claims rejected for drunk driving
Insurers may reject claims where corroborating evidence places a driver at a pub, shows alcohol purchases, or records behaviour consistent with intoxication.
Treasury proposes 20% national online gambling tax to curb harm
The measure is expected to generate over R10bn, but Treasury says its primary aim is to deter harmful gambling behaviour.
Licences of Medbond Insurance and Medbond Markets withdrawn
The Authority’s investigation found that Medbond Insurance advised its clients to invest in non-existent financial products.
Tax compliance is easier, but corporates’ trust in SARS remains split
PwC finds a downward trend in penalties and verification risk. Yet corporate taxpayers continue to voice concerns over consistency, fairness, and accessing SARS support.
South Africa ranks second in Africa’s Organised Crime Index 2025
The Index flags Africa as a testing ground for ransomware and DDoS attacks. High incident volumes and ‘ransomware-as-a-service’ models raise insurance, compliance, and continuity costs for businesses.
