Applying excess retirement contributions: implications for lump sums, annuities, and estates
Allan Gray’s Carla Rossouw clarifies excess contributions in relation to deduction limits, annuity income taxation, and the treatment of benefits at death.
Author: Moonstone Information Refinery
Appeal court leaves FAIS debarment ruling intact
The Full Bench finds that the information available to the FSP was sufficient to justify initiating the statutory debarment process.
Judge upholds decision over electronically signed will
The High Court refuses leave to appeal a ruling directing the Master to accept an electronically signed document as the will of the late Justice Yvonne Mokgoro.
New POPIA regulations on health information now in force
The Information Regulator clarifies how organisations such as insurers, pension funds, and employers must process and protect health information.
High Court: Minister’s power to set VAT rate is unconstitutional
The declaration of invalidity was suspended for 24 months and referred to the Constitutional Court for confirmation.
Passenger who pulled handbrake held to be ‘driver’ for RAF claim
The High Court finds that seizing a vehicle’s controls can make a passenger the legal driver under the RAF Act.
Santam underwriting surge lifts profitability well above targets
Lower weather-related claims and disciplined pricing helped lift underwriting profitability in 2025, pushing margins above the insurer’s long-term target range.
Discovery posts strong interim results as bank turns profitable
Discovery Bank reports a 28% growth in clients, with nearly 70% of new customers coming from outside the group’s existing membership.
Global Vitality businesses gain momentum as AI platform moves into deployment
Stronger UK results, continued growth in China, and the rollout of a new AI-enabled Vitality platform lifted Discovery’s global operating profit.
CARF expands SARS’s visibility over crypto transactions, says PwC
The new reporting regime, effective from 1 March, increases the information available to SARS through third-party reporting and international data exchange.
SARB releases draft exchange control circulars implementing Budget reforms
The proposed changes include higher discretionary allowances, adjustments to cross-border payment limits, and administrative reforms affecting authorised dealers.
Ruling clarifies trustee discretion when employers seek to preserve pension benefits
The judgment emphasises the responsibility of trustees to exercise their discretion fairly when deciding whether to withhold benefits in terms of section 37D.
SCOPA prepares to deliberate on RAF inquiry report as next phase begins
The final document is expected to reach the National Assembly in the next parliamentary term.
Deepfake profits and ‘overwhelming’ illegality: Banxso liquidated
The High Court finds Banxso knowingly benefited from deepfake adverts, misled clients about its licence and returns, and is ‘hopelessly insolvent’.
Bonitas-Medscheme court battle stalls as application removed from urgent roll
Medscheme’s bid to halt Bonitas’ administration transition has been delayed after procedural lapses and unresolved interlocutory issues forced the matter off the urgent roll.
Last call for accessible FAIS-aligned entry qualifications at MBSE
With applications closing on 15 June, MBSE’s FETC NQF 4 programmes offer a final chance to secure recognised FAIS credits before more restrictive replacements take effect.
FIC publishes draft communication on travel rule compliance for CASPs
The draft PCC reinforces zero-threshold travel rule application, mandatory real-time monitoring, enhanced controls for unhosted wallets, and strict freezing obligations.
