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Home / Industry News

Industry News

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Video interview: New mutual insurer enters the market

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Key regulatory and compliance developments: looking back at 2024 and what’s ahead in 2025

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Issues around Budget 3.0 with tax specialist Louis Botha

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Cryptocurrencies outside Exchange Control Regulations, court rules

Legal experts anticipate a legislative response to plug the loophole and safeguard against large‐scale capital flight via digital assets.

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Letsoalo lawyered up a week before RAF board put him on ice

A week before being placed on special leave, RAF chief executive Collins Letsoalo enlisted legal counsel and declined to appear before Parliament’s Standing Committee on Public Accounts.

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‘A train wreck’: SCOPA chair tears into RAF board over vacancies and fiscal chaos

Committee chairperson Songezo Zibi slams the Road Accident Fund’s leadership for dysfunction, defying court rulings, and turning oversight into a ‘mockery’.

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Liberty flags high income protection claims in the financial sector

The group also notes a surge in capital disability benefit claims, driven by increases in the number of claimants and the average sum assured.

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Court strikes down Trump’s emergency tariffs as executive overreach

The White House has already filed an appeal, setting the stage for a legal battle that could reach the Supreme Court.

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Former Liberty manager and adviser must delete defamatory posts

The proper channels for resolving employment-related grievances are the statutory dispute-resolution bodies, not social media, says the High Court.

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Pandemic pricing pains catch up with medical schemes – higher contributions ahead

Three medical schemes fell below the 25% solvency threshold in 2023.

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Budget | Citizens benefiting from only a quarter of spending

Is it time for ‘a proper austerity budget’ that will free up funds for growth-boosting infrastructure projects and service delivery?

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Budget | Fitch questions Treasury’s fiscal consolidation narrative

National Treasury forecasts a narrowing deficit, from 4.8% of GDP in 2025/26 to 3.8% in 2026/27. Fitch, however, projects larger deficits of 5.1% and 4.5% respectively.

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Surge in unregulated buy-now-pay-later raises affordability concerns

Credit expansion is coming almost entirely from the deeper use of cards and personal loans by current credit-active consumers, rather than fresh market entrants, says RCS.

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Unauthorised operators masquerade as top firms to promise unrealistic returns

The FSCA warns the public about multiple unauthorised financial scams impersonating trusted brands on social media, urging caution and verification before investing.

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Beefed-up SARS might stave off R20bn in tax increases in 2026

An inflation-linked rise in the general fuel levy will in no way be sufficient to plug the revenue hole left by scrapping the two VAT increases.

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Budget gap widens as revenue projections slide

The revised Budget reveals the hard truth: with limited borrowing room and rising demands, Treasury must make tough calls on what to fund – and what to cut.

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Treasury eyes billions in savings through tougher spending oversight

The Budget Overview outlines plans to overhaul public spending processes, aiming to identify inefficiencies.

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Employer medical boarding doesn’t guarantee a disability insurance payout

Even when an employer’s doctor declares an employee unfit, group policy definitions such as ‘Own Occupation’ vs ‘Any Occupation’ can lead to claim denials.

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Behind the scenes at OPFA: how pension complaints are investigated and resolved

Deputy Pension Funds Adjudicator Naheem Essop shares how OPFA’s inquisitorial process works, the challenges funds face with internal dispute resolution, and what happens when complaints escalate or are deemed frivolous.

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Municipal crisis: mismanagement threatens service delivery and financial stability

Recent reports and the Budget Overview expose deep flaws in local government, prompting urgent calls for debt reforms and stricter accountability.

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Updated 26 May 2025

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Two-pot costs: members may foot the bill for years
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  • Two-pot’s billion-rand bill: future fund members could carry the cost
  • Cryptocurrencies outside Exchange Control Regulations, court rules
  • Make your CPD hours count before the 31 May deadline
  • Letsoalo lawyered up a week before RAF board put him on ice
  • ‘A train wreck’: SCOPA chair tears into RAF board over vacancies and fiscal chaos
  • Liberty flags high income protection claims in the financial sector
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