RAF commits to clearing backlog of outstanding claims
The interim board says the Fund will prioritise claims older than 180 days, estimated at more than R20 billion.
Industry News
Laser scar therapy can be a recoverable medical expense
The High Court’s ruling clarifies that clinically necessary cosmetic interventions can be recognised as legitimate past medical expenses in personal injury claims.
Trustees sue auditors for R147m over alleged N-e-FG fund mis-investment
The trustees allege Forvis Mazars failed to detect that retirement fund money was not invested according to mandates.
Minister can increase the fuel levy without parliamentary process
The Full Bench provides its reasons for dismissing the EFF’s attempt to halt the Minister of Finance’s decision to increase the general fuel levy.
BUSA accuses labour department of ‘performative’ consultation on targets
Business Unity SA is seeking a review of the employment equity targets, arguing they are substantively and procedurally irrational.
The rand is at ‘a major inflection point’
Initial post-election gains have unwound as global commodity and manufacturing momentum converged with the world rand.
Momentum doubles down on IFAs – advice at the heart of its impact strategy
CEO Jeanette Marais says Momentum will ‘invest aggressively in advice’ in its effort to strengthen VNB and long-term competitiveness.
SARB and Treasury align on 3% inflation objective as repo rate holds
Governor Kganyago signals target reform ‘as soon as is practical’ while policymakers pause cuts.
Treasury downplays impact of schools’ forced VAT deregistration
ISASA says there has always been a distinction between exempt (educational) and taxable (commercial) supplies.
Suspensive conditions: SCA clarifies when prescription starts
Until the suspensive condition is met, the right to performance is suspended and the prescription clock does not run.
SME optimism fades as confidence slips
Business Partners’ Q1 2025 SME Confidence Index finds early-year optimism has been eroded – driven chiefly by budget uncertainty, a R75bn revenue shortfall and global volatility.
SCA rules municipalities liable for unrepaired hazards after toddler drowns
The judgment confirms that municipalities can be held legally responsible when known public dangers, such as an uncovered stormwater drain, lead to injury or death.
Gender-neutral surname ruling shakes up families and institutions
Employers, banks, insurers, and other identity-verifying bodies must accept surname assumptions by any spouse and update onboarding and benefits procedures accordingly.
Momentum posts record earnings, but VNB under pressure from annuity mix
Despite a 20% drop in the value of new business, Momentum’s annuity earnings remain strong and underlying profitability resilient, lifting normalised headline earnings 41%.
FAIS Ombud proposes no levy increase in 2026/27
Advocate John Simpson publishes his Office’s draft budget for public comment.
Road risks climb: Why clients can’t afford to skimp on car insurance
South Africa ranks 4th worst in the world for road safety, with rising accident claims underscoring the need for appropriate protection.
Premium growth fuels 33.7% jump in OUTsurance’s profits
Youi delivered strong performance in Australia, but the rand’s appreciation trimmed rand-translated premiums.
