Twenty-year debarment for unauthorised investment scheme
The FSCA found that about R129 000 deposited into the director’s personal bank accounts was used for personal purchases rather than invested as promised.
Industry News
SanlamAllianz: Can the African expansion deliver?
Integration is largely complete, but weak general insurance results and problems at its reinsurance arm are putting SanlamAllianz’s growth ambitions under pressure.
Momentum Insure targets IFA channel with Morné Stoltz appointment
Morné Stoltz’s appointment as head of Intermediary Distribution aims to strengthen Momentum Insure’s IFA channel.
False incident date costs policyholder his claim and cover
The NFO upheld the claim rejection and policy cancellation after the policyholder admitted combining damage from two incidents and falsifying the date.
The rising cost of money
South Africa’s debt outlook is improving, according to the Medium-Term Budget Policy Statement. But what could higher borrowing costs globally mean for local households, businesses and the public purse?
Fiscal anchor will put government’s budget discipline into law
The draft legislation would require governments to set and report against their own fiscal objectives, with Parliament and the Financial and Fiscal Commission given stronger oversight roles.
Retirement complaints hit record high as unpaid contributions dominate
Section 13A complaints accounted for more than 61% of cases investigated and closed in 2025/26, while the OPFA’s carry-over of unresolved matters increased.
SAIA appoints Lizelle van der Merwe as CEO
The FIA chief executive will take over from Viviene Pearson in January, bringing nearly 30 years of insurance and financial services experience to the role.
MTBPS: Revenue outlook improves, but fiscal pressures remain
Stronger tax collections give Treasury room for additional spending and temporary fuel relief, but fading commodity gains and high debt-service costs constrain the outlook.
Will cutting minimum medical benefits really make cover cheaper?
The Board of Healthcare Funders wants a leaner PMB package, but the CMS points to provider prices, treatment costs, and other pressures on scheme expenditure.
South Africa’s healthcare laws are stuck in 1998. AI isn’t waiting.
AI is reshaping healthcare and insurance, but outdated legislation, rising costs, and the need for trusted advice raise questions about how far technology can go.
Sanlam wants a bigger slice of customers’ financial lives
A new app combining banking, credit, rewards, insurance, and investments aims to attract younger customers and deepen long-term relationships.
PSG earnings rise as Wealth outperforms other divisions
Recurring headline earnings increased 5%, but lower performance fees and storm-related claims weighed on Asset Management and Insure, while return on equity declined.
JustMoney survey: Debt consumes over 40% of income for half of respondents
Limited emergency savings and frequent two-pot withdrawals show how short-term pressures are testing respondents’ longer-term financial resilience.
RAF remains liable for medical expenses paid by schemes, SCA rules
The Court found that two later directives were issued as part of a ‘contrived stratagem’ to circumvent a binding judgment in favour of Discovery Health.
US bonds: Follow the money
Asset managers have increased their US Treasury exposure since September, but the outlook for bond yields and equity valuations remains tied to interest rates and AI spending.
Offshore investing: choosing the right structure for the people who will inherit
Albert Coetzee explains why offshore investment structures must account for situs tax, beneficiary circumstances, and succession planning to ensure wealth reaches the intended heirs.
