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Home / Industry News / Page 41

Industry News

Videos

Video interview: New mutual insurer enters the market

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2025 FPI Convention Highlights with Lelané Bezuidenhout and Ronald Matande

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Key compliance issues for FSPs in 2025/26

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Concerns about proposed tax policy framework for alcohol industry

The proposed minimum unit price for alcohol could make drinking less affordable and curb harmful consumption, but critics argue it may unintentionally fuel the already substantial illicit alcohol market.

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Preparing retirement funds for an uncertain future: embracing change, ESG, and emerging trends

Carina Wessels of Alexforbes discusses the urgent need for retirement funds to ‘learn forward as they lean forward’ to ensure long-term sustainability and relevance.

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New chief executive and Registrar appointed for the Council for Medical Schemes

Dr Musa Gumede steps into the role of Registrar of the CMS, succeeding Dr Sipho Kabane, whose tenure was marked by significant challenges and critical industry reforms.

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Banxso v FSCA over links to deepfake adverts

The Authority challenges Banxso’s claim that it is not connected to Immediate Matrix’s deepfake adverts.

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CPA amendments: will financial services face stricter direct marketing rules?

Experts weigh in the impact on financial services of a proposed opt-out registry to protect consumers from unwanted marketing.

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FSCA refutes claim of Banxso licence reinstatement amid ongoing investigation

The liquidation application against Banxso claims that the number of clients deceived by the deepfake adverts is far greater than previously reported.

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Debtor carries the risk, says High Court in ruling on cyber-fraud liability

The judgment highlights that confirming payment details is essential to avoid financial loss.

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SIU investigation to uncover irregular claims from 2021 unrest

SASRIA says the proclamation issued by President Ramaphosa follows its request for assistance from the Special Investigating Unit.

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Treasury analysing SARS data in considering a possible wealth tax

MPs are also told that the fiscus cannot afford a permanent and expanded Social Relief of Distress grant without tax increases.

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Pension Funds Act amendments spark uncertainty over divorce and maintenance deductions

There is a legal grey area over the calculation of pension interest in divorce settlements and whether funds may now be permitted to make deductions for future maintenance orders.

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Auto & General’s Knysna fires advert is not offensive, says ARB

Insurance advertising often addresses personal experiences of loss and hardship, so they are likely to trigger strong emotional responses, the Board says.

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Tax Ombud flags SARS delays in meeting resolution deadlines

The Tax Ombud’s 2023/24 report highlights delays in SARS meeting resolution deadlines, an increase in complaints, and a concerning rise in eFiling profile hijacking.

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Is the FSCA preparing for auto-enrolment to expand retirement coverage?

After years of stalled progress, the FSCA’s recent comments suggest National Treasury may renew its push for auto-enrolment.

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Life insurers, investment companies report a 46% surge in fraud and dishonesty

The industry lost at least R175.9 million last year but prevented losses of R1.5 billion through enhanced detection efforts, says ASISA.

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No more spam calls? Proposed amendment introduces opt-out registry

A proposed amendment to the Consumer Protection Act aims to establish an opt-out registry, allowing consumers to block unsolicited marketing messages.

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Insured’s expert witness more credible than the insurer’s, judge finds

The court ruled that MiWay’s expert analysis relied too heavily on assumptions, while overlooking the driver’s account that he swerved to avoid a dog.

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FSCA investigating Solis Markets following complaints from investors

The Authority also warns about fraudsters impersonating HF Markets, and urges caution when doing business with FXNONSTOP and Tiger Agriculture.

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FSCA ends 2025 with record fines, long debarments
https://youtu.be/YD2vNPz8xrM?si=Q2nGD9_ejNKsCXkM
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  • FSCA slaps Banxso and directors with record R2bn fine
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