
Monday briefing: a round-up of recent financial services news
UT managers fight for market share | Coronation faces huge tax bill | MyMo accounts scandal | Insurance fraud | Discovery’s interim profits

UT managers fight for market share | Coronation faces huge tax bill | MyMo accounts scandal | Insurance fraud | Discovery’s interim profits

Accountable institutions are expected to fulfil their compliance obligations

What you should know about the Financial Action Task Force, its evaluation of South Africa, and how grey-listing works.

The jury is still out on National Treasury’s projected debt stabilisation over the medium term.

The scheme says members who belong to hospital and limited day-to-day plans will pay 7.9% more.

The report also compares the cost of banking at Absa, Capitec, First National Bank, Nedbank, and Standard Bank.

Pawn-while-you-drive warning | Guardrisk insurtech platform | OM buys digital wills start-up | Investec outperforms Alsi

What are the benefits, premiums and waiting periods?

SA unit trust returns | Flood claims | Santam profits warning | Insuretech raises $17m | Sanlam-AfroCentric deal | Business account fees.

As with the similar section 12J investment incentive schemes, the barrier to entry is high.

Independent insights into a range of investment-related matters

The country is in a position similar to the one it was in before the apartheid system collapsed.

Ruling on written-off car | Grid failure exclusions | Residential solar CoC | Coronation judgment implications | Grey-listing risk

The challenge facing Treasury is financing a permanent grant while maintaining a commitment to fiscal consolidation.

Edward Kieswetter also shares his views on tax breaks for home electricity generation and a wealth tax.

BrightRock paid out over a billion rand in claims in 2022, which was more than the total claims paid in its first seven years in the market.

Survey compares Bestmed, Bonitas, Discovery, Medihelp and the Government Employees Medical Scheme.