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Home / Industry News / Page 168

Industry News

Videos

Day 2 Highlights from the FSCA Industry Conference 2026

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Day 1 Highlights from the FSCA Industry Conference 2026

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Budget: Key changes for taxpayers and investors

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National Health Insurance – Minister responds to comments

In a recent media statement the Health Minister, Zweli Mkhize, welcomed the current debate on the introduction of National Health insurance (NHI). “We will be noting all the views and comments made by […]

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Gender equality status in the financial services industry

In spite of South Africa’s progressive Constitutional and legislative framework, gender equality in South Africa remains elusive. The most extreme manifestation of this inequality is evidenced in the high levels of gender-based violence […]

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Spousal consent under National Credit Act – Case study highlights essential requirements

“The bank can be held liable in instances where it is clear that no spousal consent was obtained, but not to such an extent that a complainant is unjustifiably enriched at the expense […]

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Continuous Professional Development – Proper planning prevents last minute panic

The Fit and Proper Determination requires that certain individuals obtain a specified number of Continuous Professional Development (CPD) hours within a 12-month cycle between 1 June and 31 May. One of the most important aspects […]

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Continuous Professional Development – Proper planning prevents last minute panic

The Fit and Proper Determination requires that certain individuals obtain a specified number of Continuous Professional Development (CPD) hours within a 12-month cycle between 1 June and 31 May. One of the most important aspects […]

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Complaint insights – View it as feedback from your customer

We are all aware that the FAIS Ombud is responsible for promoting consumer protection and fostering the integrity of the financial services industry by resolving complaints in a manner that is impartial, expeditious, […]

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Women and Money – Finances not seen as a man’s problem only

South African women are struggling to make ends meet, with 81% of them running out of money before the end of the month (vs. 72% of males). This despite the fact that women […]

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Insurance switching – The devil is in the detail

“Short Term Insurance complaints remain the highest number of complaints received by this Office”. This is the view of Marc Alves of the FAIS Ombud’s office. In a recent FAIS Ombud newsletter he […]

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Breaking News – NHI Bill introduced to Parliament today

One of today’s media tweets read: “The day we have all been waiting for is finally here, the NHI bill is being introduced in Parliament today” – Mkhize #NHI South Africa’s National Health […]

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Short term insurance policies – Five causes for invalidation

In a recent media release, the Office of the Ombudsman for Short-Term Insurance (OSTI) highlights some of the things consumers do which might result in the insurer cancelling cover or refusing to pay […]

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Calculation of pension payouts – Complexities of transfers and switching

Parties that are aggrieved by decisions of the Pension Funds Adjudicator may lodge appeals with the Financial Services Tribunal. The Financial Sector Regulation Act, 9 of 2017 (“FSR Act”) considers the Pension Funds […]

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Sins and taxes – Enforcing tax laws on churches could be problematic

While the legislation that governs tax exemption for religious institutions is robust, enforcing compliance could be difficult, Louis Botha, an associate in Cliffe Dekker Hofmeyr’s (CDH’s) Tax & Exchange Control practice recently mentioned. […]

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Corporate Social Investment – A missed opportunity to create shared value

According to a global study of nearly 30 000 respondents by Accenture Strategy, 62 percent of consumers said they would pay more – or even accept a product of lower quality – should the […]

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South African Labour stats – Sharp rise in unemployment rate

The unemployment rate increased from 27,6% in the first quarter of 2019 to 29,0% in the second quarter of 2019. This is as a result of an increase of 455 000 in the number […]

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South African Labour stats – Sharp rise in unemployment rate

The unemployment rate increased from 27,6% in the first quarter of 2019 to 29,0% in the second quarter of 2019. This is as a result of an increase of 455 000 in the number […]

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Homeowner’s insurance – Beware of wear and tear

In 2018, 58% of complaints considered by the Ombud for Short Term Insurance (OSTI) under homeowner’s insurance related to claims for damage caused by acts of nature. These claims relate primarily to storm […]

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Homeowner’s insurance – Beware of wear and tear

In 2018, 58% of complaints considered by the Ombud for Short Term Insurance (OSTI) under homeowner’s insurance related to claims for damage caused by acts of nature. These claims relate primarily to storm […]

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