Director’s passport blocked amid efforts to recover Classic’s assets
Claim documents have been sent to creditors as the provisional liquidators take steps to recover assets and secure funds held in the name of Classic Financial Services One.
Industry News
‘Barbie mania’ puts investors in the pink
From the pink-clad world of Barbie to the dazzling lights of music tours, the impact of pop culture phenomena on the global financial markets is shaping investors’ decisions.
Proceed carefully: damages resulting from scams are not covered
An insurance provider advises caution following a surge in the trade in counterfeit luxury goods.
Why the FAIS Ombud is closing its files on property syndication complaints
Adjudication of the complaints requires hearings, which are more conducive to a court of law, the Ombud says.
Criminal investigation into Classic Financial Services and its director gets under way
Investors in Classic Financial Services have been told to wait before filing any further applications for the exclusion of their interest in preserved funds following its liquidation.
Insurers and their clients count the cost of extreme weather
The insurance industry faces the challenge of striking a balance between affordability for clients and ensuring long-term sustainability amid the changing risk landscape.
Doctors’ organisation urges NCOP not to pass NHI Bill
Communities sceptical about the government’s assurances that NHI will provide better health care, Sama says.
PSG Wealth buys IFA business to enhance its advisory capacity
It says many similar transactions will follow the acquisition of Progressive Wealth.
PA and Sarb apply for the final liquidation of Habib Overseas Bank
The curator finds there are no reasonable prospects that the bank can be rehabilitated as a going concern.
SA investment managers are the most bullish on bonds since 1999
Fund managers believe the economy and inflation are heading in the right direction, according to a Bank of America survey.
Confidence in the economy at an 8-year low, Old Mutual research finds
Latest Savings & Investment Monitor contains insights into South Africans’ appetite for investment risk and investing offshore.
Keeping it real-time: adoption rate of digital payment service PayShap ticks up
PayShap adoption takes another leap forward as Discovery joins banks offering the real-time digital payment service to their clients.
South African passport climbs three places in Henley Passport Index
A strong passport provides significant financial freedom in terms of international investment and business opportunities.
Bonitas gains members and bucks buying-down trend in 2022
With reserves reaching R8.8 billion, can members expect that very low contribution increases will automatically follow?
Insurtech founder shares the skinny on getting ahead in a competitive market
Local insurtech startup shows how it’s done in the face of a significant decline in global venture capital funding.
Momentum Health weighs in on low-cost benefit options
Allowing cheap health insurance will avoid the need to raise additional taxes during the initial phase of NHI.
Why I (want to) own Bitcoin
It appears that virtually most excesses, including malfeasance and possible manipulation of the Bitcoin market from December 2020 to June 2022, have been dealt with.
