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Home / Author: Moonstone Information Refinery / Page 56

Author: Moonstone Information Refinery

Videos

Day 2 Highlights from the FSCA Industry Conference 2026

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Day 1 Highlights from the FSCA Industry Conference 2026

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Budget: Key changes for taxpayers and investors

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FSCA discloses approach to regulating a rapidly changing financial sector

Unathi Kamlana says the Authority will support the integration of advanced technologies and strengthen frameworks for consumer protection, cyber resilience, and financial inclusion.

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Customer complaints: FSCA tells banks to raise their game

A review finds significant lapses in the banks’ complaint management – from inconsistent categorisation to poor record-keeping and communication.

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Old Mutual’s operating profit up 4%, led by Insure and Investments

Exceptional underwriting in Old Mutual Insure and a 37% jump in Investments drive overall strength, but Corporate’s life insurance sales slumped 42%.

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Enhanced underwriting and pricing drive Old Mutual Insure’s performance

The operating profit more than doubled in 2024, while gross written premiums increased by 9%.

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Steinhoff’s shadow still looms over Pepkor as SARB freezes shares

The SARB freezes 506 million Pepkor shares held by Ainsley, a subsidiary of Ibex, which took over Steinhoff’s assets and liabilities following its liquidation.

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High Court upholds Discovery Life’s decision to void policy

The policyholder inflated her earnings and failed to disclose a simultaneous application with another insurer, materially affecting the risk assessment.

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FSCA ponders regulatory enhancements for ESG investing

A survey indicates that while a majority of investment providers incorporate ESG considerations, hurdles such as inconsistent ratings and greenwashing remain.

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FIC opens consultation on updated IFTR guidelines

The Financial Intelligence Centre (FIC) has issued published Draft Directive 3A and Draft Public Compliance Communication 50A for public consultation.

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Life insurer debars rep who ‘went off-script’ during sales call

The agent repeatedly deviated from the approved product script. Previous warnings and documented missteps played a key role in the decision.

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Retail hedge funds surge as industry hits record growth

A decade after the introduction of hedge fund regulations, retail investors are driving strong growth, with RHFs attracting R11.84 billion in net inflows in 2024.

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How SARS arrives at R800bn in uncollected tax

Commissioner Edward Kieswetter explains to Parliament why ‘between R700bn and R800bn is not an unreasonable amount’.

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South Africa already has wealth taxes, says Kieswetter

Almost half the revenue from personal taxes is derived from people who earn more than R1 million.

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Bonitas celebrates brokers for driving the scheme’s growth

Industry leaders such as AlexForbes, Avoir Corporate Healthcare, and Hippo Advisory shone bright at the third annual Top Broker Awards.

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Budget: higher taxes, rising costs, and no relief for households

A phased VAT increase and frozen tax brackets mean South Africans will pay more, while concerns grow over government spending and economic stagnation.

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KZN Treasury’s R2.4bn loan request raises more questions than answers

As the KwaZulu-Natal government scrambles to keep Ithala afloat, its urgent request for a R2.4 billion loan from National Treasury sparks confusion – especially given an earlier government guarantee.

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Debarment set aside as Tribunal distinguishes negligence from dishonesty

The case highlights that debarment is reserved for instances of clear, intentional breaches of integrity, not mere negligence.

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New earnings threshold on 1 April – what this means for employees

If you earn above the threshold, certain provisions of three pieces of labour legislation no longer automatically apply.

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Investment Rates

 

Updated 15 June 2026

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Money Market funds

Updated 15 June 2026

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FSPs face higher levies in 2026/27
https://youtu.be/aSisyzL2Xfk
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  • Treasury proposes higher levies for 2026/27
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  • Why AI could change everything we value about work and wealth
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  • Fuel pushed May inflation higher, but the policy-rate outlook has shifted
  • Government gives legacy financial services qualifications another reprieve
  • Preparing for COFI: ‘fair outcomes’ will be the new compliance test for FSPs
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