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Home / Industry News / Page 46

Industry News

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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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Personal loan surge: originations up 16.7% as lenders balance risk and demand

With credit card originations growing by 9.3% and Gen Z leading the charge, 38% of new credit cards were issued to first-time cardholders – the highest proportion since early 2020.

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Court freezes R1.5m linked to alleged pyramid scheme targeting vulnerable consumers

Promising groceries in exchange for a once-off payment, WAPH is under fire for violating the Consumer Protection Act with deceptive promises and recruitment incentives.

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Unpacking pink tax: a hidden burden on women’s finances

Sanlam’s Pink Tax survey found that 24% of women reported that pink tax affects their choices in selecting financial products, services, and providers.

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Investigation into ‘fruitless and wasteful expenditure’ continues as RAF bleeds another R1.6 billion

The investigation into the Road Accident Fund has uncovered a significant rise in default judgments, accumulating to R4.7 billion from 2018 through the second quarter of 2023.

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Power surge: South Africans face potential 36% electricity bill hike

Eskom’s MYPD 6 revenue application indicates that the projected 36.15% price increase for FY2026 results from 10 new Negotiated Pricing Agreements, past regulatory decisions, rising coal-based energy costs, increased operating expenses, and an impending carbon tax.

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Customer sentiment towards insurers improves despite claims frustrations

King Price came out top in DataEQ’s latest Insurance Sentiment Index, which analyses what consumers are saying about their insurers.

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Municipal officials face prison for contempt in pension fund case

Retirees, should be especially vigilant against three common scams: phishing and its more targeted version, spearfishing; deepfakes; and the Grandparent scam, which uses voice cloning.

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Two-pot retirement system: a new playground for cybercriminals as FraudGPT fuels the threat

: Retirees, should be especially vigilant against three common scams: phishing and its more targeted version, spearfishing; deepfakes; and the Grandparent scam, which uses voice cloning.

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SARB’s first rate cut in four years sparks debate on interest rate trajectory

How low will the repo rate drop, and how fast? Economists share their insights.

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Middelburg broker slapped with R1 million fine and 15-year debarment

The FSCA levied a R100 000 penalty on Wenru, the financial services provider implicated in the case.

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Discovery delivers strong profit growth, boosts dividend by 38%

The financial services group reports a 17% rise in normalised operating profit to R11.6bn, with strong performance from its South African businesses.

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Municipality found liable for fire damage after water supply failure

The business would not have performed grinding activities if it had been forewarned about the interruption to the water supply.

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JSE to revamp sustainability disclosure guidance in line with new global standards

JSE CEO Leila Fourie outlines the JSE’s five-year priorities: responsiveness to constituents, maintaining foundational security and resilience, and initiating significant upgrades.

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FSCA warns of fraudulent financial services scams on Telegram

Scammers are using the names of legitimate companies such as RisCura Solutions and Salvo Capital to lure unsuspecting investors into Bitcoin and ‘high-return’ schemes.

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Businesses face financing and workforce challenges despite growing optimism

Despite economic challenges, 81% of SMEs expect business growth in the next year, with confidence in the political landscape boosting optimism.

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What is supercore inflation, and could it influence the SARB’s rate decisions?

With the South African Reserve Bank’s 25 basis point interest rate cut announced last week, Ninety One explores the central bank’s new inflation measures – supercore and PCCI.

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Discovery announces 2025 contribution increases: average hike of 9.3%

Discovery Health Medical Scheme’s contribution adjustments will be more evenly distributed across its members, highlighting the widespread effects of increasing medical inflation on contribution rates.

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Updated 8 December 2025

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Updated 8 December 2025

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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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