Staffing gaps deepen RAF’s legal and financial exposure
Severe understaffing in the Fund’s legal unit compounded years of governance failures and drove a surge in default judgments and rising claim costs.
Industry News
Short-term insurers strengthen customer experience, but execution gaps persist
The 2025 CE Index places short-term insurers mid-table within financial services, with clear differences emerging between brands and channels.
SCA clarifies when liability disclaimers fail to exclude delictual claims
Exclusion clauses will not operate where indemnities are not properly concluded with each participant and brought to their attention.
AFU secures R11m linked to Foschini impersonation scam
The National Prosecuting Authority says the forfeiture follows an impersonation scheme that led to payments exceeding R22m.
Under fire: the risks reshaping short-term insurance in SA
Interconnected hazards are altering claims patterns and capital pressures for insurers – shifting priorities for brokers and corporate risk teams, says PSG Insure.
Administrator must compensate fund member for tracing failure
It failed to take reasonable steps to trace the member, resulting in the depletion of a small benefit through admin charges, the OPFA says.
Disciplinary process under way at GPAA amid governance concerns
Parliament reiterates concerns about financial management and governance highlighted in recent audit outcomes.
Bonitas’ dispute with Medscheme heads to court
Bonitas’ decision to change administrators comes amid a CMS investigation and High Court proceedings involving its former service provider.
Fewer taxpayers increasingly carrying the personal income tax load
With no inflation adjustment in 2025, PIT collections rose sharply, increasing the burden on individuals without changes to the headline rates.
Investors may need to look harder for opportunities, says Morningstar
As optimism rises and valuations stretch, there is a shift from broad exposure to disciplined, valuation-driven analysis.
Judgment sheds light on beneficiary changes in living annuities
Was a beneficiary nomination signed under a power of attorney and submitted after death valid?
When AI goes wrong, liability still lands on humans
As AI reshapes workplace decisions, legal experts and insurers warn that professional indemnity and D&O exposure is rising fast.
Satrix lists its first actively managed income ETF on JSE
Satrix says the lack of investable income indices has driven its move into active management, starting with a conservative income ETF.
Ex-Home Affairs employee jailed for funeral insurance fraud
The former employee abused her access to the National Population Register to manipulate death records.
What phasing out the prime lending rate means for consumers
The shift from prime to a repo-plus model won’t cut your debt overnight, but it promises more transparent lending.
Supply-chain paralysis emerges as a core insurance risk
Political risks and violence have reached their highest position in the Allianz Risk Barometer, reflecting rising concern over war perils, civil unrest, and sabotage.
Suspects allegedly linked to global fraud scheme arrested in multi-agency operation
Authorities allege the syndicate convinced individuals from countries such as Australia, the US, and the UK to invest more than R1 billion.
