The investigation into the Road Accident Fund has uncovered a significant rise in default judgments, accumulating to R4.7 billion from 2018 through the second quarter of 2023.
Eskom’s MYPD 6 revenue application indicates that the projected 36.15% price increase for FY2026 results from 10 new Negotiated Pricing Agreements, past regulatory decisions, rising coal-based energy costs, increased operating expenses, and an impending carbon tax.
The Information Regulator gives feedback on cases tackled this year against various public entities to enforce compliance with PAIA and POPIA.
CEOs and other decision-makers have just under three months to provide input on the Draft South African Financial Education Commitment Charter.
The Information Regulator’s upcoming guidance note clarifies that direct marketing via phone calls falls under POPIA’s consent requirements.
Significant progress has been made in mapping Classic’s total investor portfolio.
As the two-pot system rolls out, fund administrators are receiving a wave of withdrawal claims, highlighting the financial squeeze many are feeling.
At the FSCA Financial Education Summit, industry leaders outlined the shortcomings of current financial education efforts and the need for a strategic overhaul.
Alexforbes is enhancing its relationships with independent advisers through targeted partnerships and a focus on building trust and value.
One of the entity’s Facebook posts says it can turn R1 700 into R120 000.
Investors’ money was allegedly funnelled through offshore trust accounts and ‘cleaned’ via extensive gambling activities by ‘close and related-party enablers’.
The second creditors’ meeting will be held on 3 September.
As the two-pot retirement system goes live on 1 September, intermediaries must prepare to guide clients through the new structure.
The deterioration in Sizwe Hosmed’s reserves is attributed to ‘benefit under-pricing and historically unreliable budgetary and forecasting processes’.
The South African Reserve Bank has seized more than R6 billion from various Ibex Investments accounts, previously Steinhoff.
The medical scheme says it will use its reserves to limit contribution increases, while possibly improving members’ benefits and reducing co-payments.
It is expected that scrapping the medical scheme tax credit will be the first measure designed to raise revenue for NHI.
