Gross two-pot withdrawals top R43 billion
SARS highlights common errors that can lead to application rejections and warns against attempts to evade tax.
Industry News
US market dominance: exceptional growth or hidden risk?
PSG Asset Management warns that market complacency, overconcentration in US equities, challenging starting valuations, and potential policy risks could make the next decade challenging for investors.
Most South Africans can only afford to retire at 80, says Sanlam
Employer interventions, including automatic contribution increases and making finance advice more accessible, are required to bridge the retirement age gap.
Holiday season spending soars: cash remains king amid festive shopping frenzy
BankservAfrica data shows cash demand remained high in December, with online shopping also seeing record growth.
Why DeepSeek’s AI innovation could disrupt the global tech landscape
DeepSeek’s new AI has sent shockwaves through stock markets. Schroders shares insights on how this shift may alter chip demand and influence technology giants.
Nethengwe to lead OM Bank as launch draws near
With regulatory approval secured, Old Mutual Bank is set to debut later this year, offering a digital-first banking experience tailored for South Africa’s mass market.
Ex-SAA board member Kwinana challenges SAICA disciplinary findings
Yakhe Kwinana argues that the findings should be set aside, as they were based on flawed reasoning, lack of evidence, and a predetermined agenda to find her guilty.
FPI hits 5 000 CFP® professionals, CEO calls for broader client base
The increase in certified professionals reflects both a growing recognition of the value of financial planners and a shift towards more inclusive, client-focused financial advice.
BHI Trust: R12.4 million recovered, R1.5 billion still at stake
The joint trustees have managed to recoup R12.4m, but R1.5bn remains in claims. The efforts to recover funds through settlements, asset recovery, and legal action continue.
Treasury asks First National Bank to assist Ithala’s SASSA customers
Treasury and SASSA respond to an allegation that Ithala’s client database was ‘unlawfully’ transferred to FNB.
Court hears case on low-cost benefit options for medical schemes
The case raises questions about whether LCBOs will expand access to affordable private healthcare or threaten the rollout of NHI.
Victims of ‘investment’ scam to receive share of recovered funds
Victims of the Ant Ranch scheme will receive a share of the R475 000 held in terms of a preservation order. However, the money may not go far in reimbursing their losses.
BHF to appeal decision to deny tariff negotiation exemption for medical schemes
It says the Competition Commission’s ruling hampers access to affordable private healthcare and contradicts recommendations from the Health Market Inquiry.
Private hospitals push back on NHI legislation
The Hospital Association of South Africa joins other organisations in challenging the NHI Act in court but keeps the door open for dialogue with the government.
A widow’s right to sell: surprising legal twist on a longstanding inheritance practice
The High Court addresses a complex dispute, where a testamentary usufruct raised questions about the sale and reinvestment of inherited property.
Bank of America predicts only one repo rate cut this year
Stable growth and fiscal discipline could see South Africa’s credit rating rise two notches in the next three years.
Banxso and law firm clash over scammers exploiting investors
As scammers exploit Banxso investors with fake fund recovery schemes, Banxso and law firm Mostert & Bosman point fingers at each other over data breaches and accountability.
