Patrick Stapleton – former CEO of the notorious Edwafin investment company – was recently convicted and sentenced for running a Ponzi scheme, the workings of which seem oddly familiar.
A BRICS reserve currency might be more volatile than other currencies because it will be subject to five different fiscal policies, says Sarb Governor Lesetja Kganyago.
The government should realise that the days of debt-financed spending sprees and extravagance are over, particularly in the run-up to next year’s election.
South African Reserve Bank Governor Lesetja Kganyago unpacks the risks to inflation and the country’s ability to surmount them.
The winner will be announced at a gala dinner on 14 November.
Statistics for the first half of 2023 show a high number of lapses and surrenders as consumers are squeezed by the cost of living.
The City of Cape Town has declared the storm that ravaged the Western Cape over three days in September ‘a major incident’.
South Africa’s ‘Big Five’ medical schemes have published their 2024 contribution increases, and members should prepare to pay significantly more for cover.
The FIC’s intelligence reports contributed to the recovery of more than R5.8bn in criminal proceeds in 2022/23.
There are concerns that members with Saver plans will experience severe cuts to the allocations to their medical savings accounts.
South Africa has the seventh-highest criminality score in the world and the third-highest in Africa, according to the Global Organized Crime Index.
Discovery Health, Bonitas, and Momentum Solutions say ‘increasing financial pressures’ are the reason for the contribution increases.
The High Court has dismissed the administrator’s second attempt to compel the Fund to resume processing medical scheme members’ claims.
Investors are buying more put options than call options, which is driving up market volatility.
The proposed liability exclusions in the Road Accident Fund Amendment Bill will hit medical schemes and short-term insurers hard, legal experts warn.
In line with previous financial years, FSPs will be the main contributors to the Authority’s revenue from levies.
The Office can no longer look to the FSCA to make up for any shortfalls in income.
