Procurement Act struck down: What happens to the reform now?
The rules governing public procurement remain in place, but the government’s plan for a new framework has been sent back to the drawing board.
Industry News
Company recovers R21.55m stolen in bogus bank fraud call
A caller posing as an Absa official persuaded the company’s financial manager to approve electronic links while unauthorised transactions were processed.
BHF: CMS’s contribution guidance could create unrealistic expectations
The industry body says the 3.8% benchmark does not fully reflect the utilisation and underlying healthcare-cost pressures that schemes face.
NFO urges FSCA to strengthen safeguards against murder-for-money schemes
Insurers would have to prove that the life assured knew about and consented to cover taken out at another person’s request.
What if? The R69.7bn question behind the PIC’s Isibaya portfolio
A BER analysis finds that the same cash flows could theoretically have produced R69.7bn more in the bond market, while highlighting the limits of comparing returns with developmental objectives.
ABC’s CEO steps down after debarment over Altvest share trades
Warren Wheatley says the matter involved three trades in 50 shares worth R301 while he was testing a stockbroker platform.
When does a lead become intermediation? Four views on a judgment
Responses to the ruling reveal differing interpretations of the causal link required between lead-generation activities and a financial-product transaction.
Women are managing more money as global fund-management progress slips
The 2026 Alpha Female Report records the first fall in female representation among active fund managers in eight years, while assets managed by women and mixed-gender teams continue to grow.
Lawyers urge caution on Tax Court’s eFiling fraud ruling
Two aspects of the judgment could have wider implications in future cases involving credible claims of unauthorised access.
Momentum tops R7bn target as new-business value lags sales growth
Metropolitan improved adviser productivity and returned to positive new-business value, while Momentum Investments’ shift towards living annuities weighed on its margin.
Building South Africa’s digital financial rails
The emergence of tokenised assets raises the question whether SA can develop trusted local infrastructure rather than rely on systems built elsewhere.
Trevor Manuel: Good regulation is only as strong as its enforcement
The former finance minister says South Africa’s challenge is not a shortage of regulation, but ensuring institutions have the people, skills, and capacity to implement it effectively.
JIBAR transition enters legislative phase
A Bill before Parliament would give the SARB a statutory mechanism to address legacy contracts that still reference JIBAR when the benchmark ceases at the end of 2026.
OUTsurance’s Danie Matthee takes the helm at SAIA
The new leadership team takes charge as the non-life insurance sector navigates climate risk, infrastructure challenges, technological change, and a persistent protection gap.
Insurer cannot diagnose non-disclosure with hindsight
The doctor’s medical knowledge did not allow Discovery Life to rely on developments he could not reasonably have known about when applying for cover.
Why ‘ever’ matters when answering insurance questions
A fraud-related cancellation almost 15 years earlier cost the policyholder his tornado claim because he failed to disclose it when applying for cover.
Your client’s email is hacked. You make the payment. Who pays?
Practical steps for FSPs and their clients to spot, verify, and prevent fraud before a compromised email becomes a costly payment.
