SARB moves to scrap prime rate as loan reference benchmark
The central bank’s consultation paper outlines a structured transition to policy-rate-based lending, with fallback protections for legacy contracts.
Industry News
Alexforbes named SA Manager of the Year at Raging Bull Awards
Sasfin and Sygnia were the runners-up.
SCA dismisses RAF reconsideration bid in unpaid medical claims dispute
The Supreme Court of Appeal confirms that 181 unchallenged court orders obtained by Sunshine Hospital remain enforceable.
AfriForum serves summons in constitutional challenge to NHI Act
The summons argues the NHI Act limits patient choice, centralises provincial health functions, and lacks sufficient financial and institutional feasibility.
Fund ordered to compensate member for delayed pension payments
The Pension Funds Adjudicator finds that prolonged administrative delays caused material prejudice to the member.
Labour Appeal Court draws a firm line: dismissal does not void a restraint of trade
The Labour Appeal Court confirms that termination – even for misconduct – does not extinguish a restraint of trade, unless tainted by fraud or bad faith.
Covid SRD grant extended pending regulatory amendments
Draft amendments to the SRD Regulations have been published to give effect to the grant’s continuation from April 2026 to March 2027.
Directors, step back: courts shut the door on DIY legal representation
The judgment delivers a warning to directors: act as your own lawyer without court approval, and your case may be struck out with costs.
Court halts SARS’s ‘pay now, argue later’ rule in R531m tax battle
The judgment clarifies that when a taxpayer offers over-collateralised security and SARS cannot explain real risk, suspension should follow.
Life cover nominations still valid despite administrative slip
A signed nomination received during the policyholder’s lifetime satisfied the contractual requirements despite an incorrect policy number.
Silver: We saw the hysteria, will panic follow?
Inventory shifts and short covering drove the surge. With stocks rebuilding and hedging normalising, the market may be settling, says Ryk de Klerk.
Zero-rated chicken will have minimal impact on tax revenue, report finds
Advocates say including certain chicken products in the zero-rated food basket will directly benefit poorer households that rely on bone-in cuts and offal.
Only 15% make it: the six fault lines that break family businesses
Despite driving most of the world’s GDP, family firms rarely survive the fourth generation – here are the six predictable governance failures that undo them.
High Court clarifies interpretation of amended Rule 4 in service matters
The Western Cape Division holds that affixing a summons does not automatically satisfy the amended service rule in default judgment applications.
PSG Financial Services announces board leadership change
Founder Willem Theron will step down as non-executive chairperson.
SA tops global fraud charts as FSCA flags social media investment scams
The FSCA warns South Africans to stay vigilant as unauthorised individuals and entities exploit social media and digital platforms to solicit high-risk investments.
Full Bench adds weight to challenges against RAF medical expense directives
Internal directives cannot displace court orders or long-standing principles governing compensation, says the Western Cape High Court.
