High Court orders Hollard to top-up heart attack benefit pay-out by R1.7m
The payment percentages should apply individually to each event within the policy’s benefit groups, judge finds.
Compliance and Legislation
Government and Solidarity sign agreement on employment equity
The settlement states that race may not be used as the sole criterion for employment and promotions.
Regulator extends the deadline for PAIA annual reports
Public and private bodies given an extra week because of problems with the online submission portal.
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Two pots: good news about tax on lump-sum withdrawals at retirement
National Treasury resolves the conflict between the draft legislation and the explanatory memorandum.
Are you exempt from submitting a tax return for 2023?
Pay attention to the conditions that must be met for an exemption.
FSCA extends merchant banks’ FAIS exemption
The exemption allows banks to provide financial services to certain clients without meeting the requirements of the FAIS Act.
Sars announces deadlines and changes for 2023 tax-filing season
Taxpayers who disagree with an auto-assessment have more time to submit a revised return.
‘Treasury’s fiscal conservatism may undo the solar energy tax break’
Inverters are a crucial part of any solar energy system and excluding them from the tax incentive does not make sense, says Webber Wentzel.
How cyber-criminals can con you when intercepting emailed invoices
Supreme Court says the issue of whether the debtor remains liable for payment in cases of email interception fraud has yet to be settled.
Auditors’ regulator welcomes hike in fines for misconduct
But will this have unintended adverse consequences for the profession?
What private companies should know about beneficial ownership disclosure
To make sense of the new disclosure regime, it is necessary to distinguish the novel concept of a beneficial owner from the pre-existing notion of “beneficial interest”.
Credit agreement concluded electronically is valid, High Court confirms
Defendant also argues a recorded phone call should not be considered because he was not warned it might be used in court.
Partially fraudulent claim: insured forfeits R1.6m
SCA orders a policyholder to repay Discovery Insure the entire settlement, not only the amount related to the fraudulent part of the claim.
‘Many years’ to go before NHI poses a threat to medical schemes, says Discovery
CEO Ryan Noach says there’s ‘no way’ the government can nationalise members’ contributions.
Cosatu wants a higher cap on transfers to fund members’ savings pots
It’s also hoping for concessions on access to the retirement pot when members are retrenched or dismissed.
Seeding will have a minimal impact on retirement funds’ liquidity, says Old Mutual
The updated legislation puts the retirement industry in a better position to be ready by 1 March 2024, it says.
