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.
Industry News
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.
PA publishes its proposed levy and fee increases for 2026/27
The Authority expects to reduce its budget deficit by 28%, driven by a 3.3% revenue uplift and planned cost-cutting measures to streamline operations.
R9.2m RAF claim crashes over tailgating and lack of proof
A High Court ruling shows that failing to keep a safe following distance – and failing to back up your story with solid evidence – can cost you your case as well as your claim.
Discovery Group lifts annual profit by 29% to R15.2bn
Discovery Bank reported its first profitable half, while Discovery Insure’s operating profit jumped by 229%, helped by lower claims and favourable weather.
High Court rules no automatic liability for Eskom in rural house fire
Eastern Cape court rules section 25 claims need credible proof of electricity causing damage.
