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IT problems continue to plague Master’s offices

IT problems continue to plague Master’s offices

The country’s Master’s offices were only able to resume processing inheritances from 15 November last year, when a new finger-print verification server was restored, says Justice and Correctional Services Minister Ronald Lamola. He was responding to a question from Glynnis Breytenbach, the DA’s spokesperson for justice and constitutional development. Breytenbach asked the minister what steps […]

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Accountancy body ‘will investigate all members named in Zondo report’

Accountancy body ‘will investigate all members named in Zondo report’

The South African Institute of Chartered Accountants (Saica) says it will investigate all members of the organisation mentioned in the Zondo Commission’s report into state capture. In a media statement on 5 January, Saica said it had initiated an investigation into Yakhe Kwinana, the former chairperson of SAA Technical (SAAT) and an ex-SAA board member, […]

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Nedbank denies any wrongdoing in Acsa transactions

Nedbank denies any wrongdoing in Acsa transactions

Nedbank says it committed no wrong in relation to the interest rate swap transactions it concluded with Airports Company SA (Acsa) between 2009 and 2011. The bank was responding to Acting Chief Justice Raymond Zondo’s recommendation that the law enforcement agencies should investigate Nedbank and its employees for their alleged role in a “corrupt” contract […]

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PwC admits it failed to do its job properly at SAA

PwC admits it failed to do its job properly at SAA

PricewaterhouseCoopers (PwC) has admitted that it dropped the ball in failing to identify corruption at SAA when it audited the company’s books between 2012 and 2016. In part 1 of his report on state capture, Acting Chief Justice Raymond Zondo said PwC and its joint-audit partner, Nkonki Inc, “failed dismally” to detect the rampant fraud […]

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These six themes ‘will be top of mind’ for active managers in 2022

These six themes ‘will be top of mind’ for active managers in 2022

The response to climate change, inflation, post-pandemic growth and China’s market interventions are among investment managers’ top concerns this year, according to Sanlam Investments. Sanlam Investments’ portfolio managers believe active managers will focus on the following six themes as they position client portfolios for maximum returns: Theme 1: Post-pandemic growth “There is a growing body […]

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ASSA story

Higher excess death rate among fully underwritten policyholders

Death claims for fully underwritten new-generation life insurance policies were nearly four times higher than the expected death rate during the peak of the third wave of Covid-19, according to the Actuarial Society of South Africa (ASSA). South Africa’s largest life insurers received 22 544 death claims against fully underwritten life policies in the 19 […]

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