Labour unions weigh in on government’s social grant proposals
SA Federation of Trade Unions says a basic income grant of R1 500 a month should be introduced progressively.
Industry News
Basic income grant: more money in poor people’s pockets but at a heavy cost
Analyses of the implications of extending income support measures in South Africa, including a basic income grant (BIG), have focused on one of three things: how much it will cost, calculations about how […]
High Court judgment is not the end of the dispute over 3Sixty Life’s curatorship
3Sixty Life has registered its intention to appeal against the High Court’s decision to place the underwriter under final curatorship. The High Court also cancelled the appointment of Yashoda Ram as 3Sixty Life’s […]
Why SCA rejected Zurich Insurance’s prescription defence in case over claim for damage to Gautrain tunnels
The Supreme Court of Appeal (SCA) has upheld the Gauteng provincial government’s claim against Zurich Insurance for the cost of repairing damage caused during the construction of tunnels for the Gautrain. The High […]
Why Capitec applied for its own life insurance licence
The Prudential Authority (PA) has granted Capitec a licence to conduct life insurance business in South Africa, Capitec announced this week. A subsidiary of Capitec Bank Holdings, Capitec Ins. Pty Ltd, has been […]
Research reveals black consumers’ attitudes towards investing and financial advice
Inflation-beating returns is the primary objective, with socially responsible investing a low priority.
Grey-listing is unavoidable, says head of Financial Intelligence Centre
The country has failed to deal with corruption and state capture, Xolisile Khanyile tells newspaper.
FIC helped to recover 51% more in proceeds from crime
But blocked 66% less as suspected proceeds of crime in 2021/22.
FAQ document for Constantia Insurance policyholders looking for answers
Unfortunately, the answers, including those where vehicles are at repair shops, will probably not bring them much cheer.
Reports: Christo Wiese rescues Constantia Insurance’s medical indemnity entity
Doctors insured by EthiQal will be covered from 1 October.
One ‘bright spot’ in report on South Africans’ retirement planning
Overall, the retirement outlook for most people has deteriorated over the past five years, says 10X Investments.
What is keeping South Africans up at night?
Retirement Reality Report reveals important perceptions for advisers to address.
A state-owned company made the biggest contribution to the ST insurance industry’s profits in 2021
South Africa’s short-term insurance industry reported gross written premiums (GWP) of R131.6 billion last year, an increase of 7% from 2020, according to KPMG’s latest survey of the insurance sector. “This is a […]
Constantia Insurance goes into final liquidation
The High Court in Johannesburg has placed Constantia Insurance Company Limited (CICL) in final liquidation after granting the urgent application brought by the Prudential Authority (PA) and the short-term insurer’s curator at the […]
Hard-pressed consumers forgo life and disability cover
Consumers not only bought fewer risk policies in the first six months of this year but also lapsed a higher number of policies, which is in stark contrast to the same period last […]
Long-term insurance ombudsman receives fewer complaints
The Office of the Ombudsman for Long-Term Insurance (Olti) received 11.8% fewer chargeable complaints in the first half of this year compared with the same period last year, when the number of complaints […]
Brace for another 75-basis point repo rate hike this week
Most economists who participated in a poll by Reuters expect that the South African Reserve Bank (Sarb) will raise the repo rate by 75 basis points this week. Of the 20 economists polled […]
