Steinhoff fraud cases: fourth conviction secured in South Africa
Former audit executive Hein Odendaal must pay a R2m fine or spend four years in prison following a plea agreement with prosecutors.
Industry News
Why Sanlam’s headline earnings fell despite strong business growth
Currency movements, bond market distortions, reinsurance losses, and strategic investment spending combined to weigh on Sanlam’s reported results.
SaaS apocalypse: Why I shy away from US business development companies
Large SaaS exposures have helped trigger a pullback in BDC prices and dividends. Ryk de Klerk explains why current yields and NAV discounts may mask a deeper downside.
Geopolitical conflict raises questions about war exclusions in insurance policies
Businesses and travellers should review how war exclusions, sanctions clauses, and territorial limits may affect cover, says PSG.
Rising oil prices complicate South Africa’s inflation outlook
After attacks disrupted traffic through the Strait of Hormuz, crude prices spiked sharply – raising the prospect of higher fuel costs and renewed inflation pressure locally.
JSE delistings: ASISA-commissioned study challenges popular narratives
Research finds that mergers and restructuring drive nearly half of JSE delistings and highlights that the determinant of listing activity is economic growth.
Investors pull R16.5bn from local equity funds despite 42% ALSI rally
Multi-asset and interest-bearing portfolios dominated inflows in 2025 as South African investors continued to favour diversification.
Retail hedge funds overtake qualified investor funds as industry hits R216bn
Retail investors are increasingly shaping South Africa’s hedge fund industry, driving inflows and pushing retail portfolios into the lead for the first time.
PI policy: High Court rules against broker in Covid-related claim
The judge finds that a policy operating on a claims-made basis responded according to when the claim was made, not when the alleged negligence occurred.
Applying excess retirement contributions: implications for lump sums, annuities, and estates
Allan Gray’s Carla Rossouw clarifies excess contributions in relation to deduction limits, annuity income taxation, and the treatment of benefits at death.
Appeal court leaves FAIS debarment ruling intact
The Full Bench finds that the information available to the FSP was sufficient to justify initiating the statutory debarment process.
Judge upholds decision over electronically signed will
The High Court refuses leave to appeal a ruling directing the Master to accept an electronically signed document as the will of the late Justice Yvonne Mokgoro.
High Court: Minister’s power to set VAT rate is unconstitutional
The declaration of invalidity was suspended for 24 months and referred to the Constitutional Court for confirmation.
Passenger who pulled handbrake held to be ‘driver’ for RAF claim
The High Court finds that seizing a vehicle’s controls can make a passenger the legal driver under the RAF Act.
Santam underwriting surge lifts profitability well above targets
Lower weather-related claims and disciplined pricing helped lift underwriting profitability in 2025, pushing margins above the insurer’s long-term target range.
Discovery posts strong interim results as bank turns profitable
Discovery Bank reports a 28% growth in clients, with nearly 70% of new customers coming from outside the group’s existing membership.
Global Vitality businesses gain momentum as AI platform moves into deployment
Stronger UK results, continued growth in China, and the rollout of a new AI-enabled Vitality platform lifted Discovery’s global operating profit.
