When AI goes wrong, liability still lands on humans
As AI reshapes workplace decisions, legal experts and insurers warn that professional indemnity and D&O exposure is rising fast.
Industry News
Satrix lists its first actively managed income ETF on JSE
Satrix says the lack of investable income indices has driven its move into active management, starting with a conservative income ETF.
Ex-Home Affairs employee jailed for funeral insurance fraud
The former employee abused her access to the National Population Register to manipulate death records.
What phasing out the prime lending rate means for consumers
The shift from prime to a repo-plus model won’t cut your debt overnight, but it promises more transparent lending.
Supply-chain paralysis emerges as a core insurance risk
Political risks and violence have reached their highest position in the Allianz Risk Barometer, reflecting rising concern over war perils, civil unrest, and sabotage.
Suspects allegedly linked to global fraud scheme arrested in multi-agency operation
Authorities allege the syndicate convinced individuals from countries such as Australia, the US, and the UK to invest more than R1 billion.
Call for NHI settlement exposes fault lines over healthcare reform
Organisations engaged in litigation to oppose the NHI Act respond to Finance Minister Enoch Godongwana’s appeal for a compromise.
Tribunal misapplied legal test in debarment reconsideration, High Court rules
The FST erred because it focused on contractual obligations rather than the broader fit and proper requirements.
Community of property divorces must address joint estates, judge rules
Dissolving a marriage in community of property while deferring questions about the joint estate is neither conceptually sound nor workable.
Retirement fund referred to FSCA after ‘failing to engage with Adjudicator’
The OPFA says the fund did not respond to multiple requests for information relating to the non-payment of a death benefit.
Cyber compliance is now a mandatory aspect of an FSP’s risk management
With data breaches costing firms tens of millions per incident, Joint Standard 2 forces financial institutions to strengthen governance, monitoring, and incident response.
Global risks are landing closer to home for SA businesses
While local risk rankings align with global patterns, infrastructure fragility, business interruption, and cybercrime leave SA firms particularly exposed to cascading disruptions.
AI vaults from fringe concern to top-tier business risk
Small and mid-sized businesses face heightened AI risks, but targeted support from insurers and advisers can help bridge the gap.
ConCourt clarifies property rights when customary marriages become civil marriages
Antenuptial contracts signed after a customary marriage but before a civil ceremony are invalid without the section 21 process.
FSCA clears crowd-farming platform of unauthorised financial services
But the Authority fines Livestock Wealth and its CEO for displaying a partner FSP licence in a ‘misleading’ way.
Employers must handle return-to-office directives with care, court rules
The Labour Court weighs in on remote work, sick leave, and the moment an employer’s response crossed the line into constructive dismissal.
Being married isn’t enough to secure a death benefit
The Pension Funds Adjudicator draws a line between entitlement to a monthly spouse’s pension and the allocation of a lump-sum death benefit.
