SCOPA presses ahead with Letsoalo charge despite legal risk
SCOPA votes to proceed with a criminal charge against former RAF CEO Collins Letsoalo, despite uncertainty over whether the summons he ignored was served correctly.
Industry News
Opposition MPs press FIC for answers on Phala Phala matter
The Centre said the law prevents it from confirming whether it has received, analysed, or shared information relating to specific cases or individuals.
COFI is changing the FSCA before it changes the industry
The Authority is adapting its supervisory model, regulatory framework, and systems to support an outcomes-based approach to conduct regulation.
Bogdanov to challenge ruling upholding JSE sanctions
The FST dismisses former EOH director Anushka Bogdanov’s application for reconsideration of sanctions imposed over misrepresented qualifications.
Tribunal draws a hard line on undisclosed client benefits
The decision turned on the adviser’s acceptance of personal benefits from a client, the lack of proper compliance disclosure, and the higher standard expected of a KI.
Sanlam partnership helps Ninety One grow to record AUM
The completed transaction added scale, while a recovery in client demand pushed the asset manager back into net positive flows after last year’s outflows.
Momentum lifts earnings as new business volumes rise across key divisions
Broad-based earnings growth was accompanied by tighter new business margins as the group contended with product-mix pressure across parts of the business.
Why are so few affluent investors using offshore platforms?
Allan Gray’s data finds that advisers making heavier use of offshore solutions often have higher client balances and stronger inflows.
Momentum’s critical illness claims top R1bn in 2025
Higher critical illness and disability payouts reflect a risk environment increasingly defined by prolonged recovery, income loss, and ongoing care costs.
Why uncertainty may be today’s biggest investment opportunity
From AI and gold to the future of the US dollar, Allan Gray and Orbis argue that investors don’t need to predict the future to build resilient portfolios.
Driving habits reset under pressure of rising fuel costs
Discovery Insure’s latest data points to sustained cutbacks in travel and fuel use after back-to-back price increases in April and May.
SA closer to advance pricing regime, but thresholds threaten access
The new APA process aims to reduce disputes and double taxation, but practitioners say the entry bar is so high that few groups will qualify.
Pension increases under scrutiny as GEPF assures MPs of strong finances
The Select Committee also raised concerns about PIC oversight, unlisted investments, and benefit administration.
Not just inflation: the demographic shift driving medical scheme hikes
Shrinking younger membership is intensifying an ageing risk pool, pushing contributions higher even when hospital use is flat.
Investors kept buying despite first-quarter market sell-off
South African investors committed R51 billion to collective investment schemes in the first quarter of 2026 despite heightened market volatility.
AI policy rewrite begins as department traces source of fake references
Fictitious references in South Africa’s withdrawn draft National AI Policy may have originated from a translated Chilean source document.
Salary growth steadied in Q1 – but pressure on pay may lie ahead
Inflation has already erased recent gains, and higher fuel costs risk deepening the squeeze on household budgets.
