Discovery financially stronger, but beneficiary base shrinks again
DHMS improved its solvency, surplus and principal membership, but an ageing risk pool, fewer beneficiaries, and a claims-system error tempered the year’s progress.
Industry News
FSCA provisionally withdraws Mixirite’s licence
The regulator’s concerns include alleged high-pressure sales tactics, unrealistic return promises, and inadequate disclosures to clients.
Ithala enters next phase as repayment administrator’s role comes under review
As the National Treasury-backed repayment programme for Ithala depositors nears completion, KZN Treasury says the Prudential Authority will review the repayment administrator’s role.
ConCourt confirms limits of VAT relief for second-hand gold
Refining does not erase the legal significance of earlier manufacture into non-prescribed forms such as jewellery.
Could your Uber ride be processed as an international payment?
The SARB is proposing new rules to address situations where local services are paid for through offshore payment networks.
Consumers fear they are running out of financial breathing room
A Debt Rescue survey suggests many households have little capacity left to absorb higher borrowing costs, adding to concerns about rising food, fuel, and electricity expenses.
Seven-year R5.5m fraud exposes dangers of unchecked payment controls
Businesses should regularly review user permissions and payment approvals to reduce opportunities for financial misconduct.
SCA’s property rights ruling has lessons for new expropriation law
The ruling was decided under the 1975 Act, yet commentators say its constitutional principles will remain relevant when the new law eventually takes effect.
Living benefits dominate claims among under-30s
Discovery’s claims data highlights how illness and disability can disrupt a young adult’s financial future long before retirement planning begins.
New SARS filing feature could mean fewer verification delays
By addressing minor inconsistencies upfront, taxpayers may avoid verification delays and receive refunds sooner where applicable.
High Court upholds medical schemes’ recovery powers
The ruling preserves a key anti-fraud tool that industry bodies say protects member funds and helps contain healthcare costs.
Connected data is strengthening the fight against tax evasion
Advanced data matching is helping SARS to identify businesses and individuals whose tax affairs do not align with their activities.
Tax filing season will put new security measures to the test
After concerns over profile hijackings and fraud, SARS says stronger security measures are central to its digital-first tax-filing strategy.
When a misdirected email becomes a POPIA enforcement case
The enforcement notice suggests that internal, accidental disclosures can still become reportable security compromises with formal regulatory consequences.
How close is South Africa to a digital rand?
While research into a retail CBDC continues, the SARB believes modernising the payment infrastructure will deliver greater near-term benefits.
Treasury to decide on basic income policy by July, MPs told
The Social Relief of Distress grant might be extended while a new policy is finalised.
Warning against investment pitches dressed up as legitimate businesses
The FSCA identifies schemes using fake affiliations, cloned identities, and unrealistic return promises to attract funds.
