From accident scene to insurance claim: a guide for motorists
Gathering the right information at the scene and reporting the accident correctly can prevent claim delays.
Industry News
Debt counselling is designed for financial distress, not convenience
The Credit Association of South Africa sets out key aspects of the process that consumers should understand.
High Court orders 40% redistribution, weighing pre-marital cohabitation
The judgment shows that long relationships and indirect domestic contributions can justify substantial redistribution under the Divorce Act.
Life insurers top R5 trillion as growth masks rising risk pressures
Strong market performance lifts assets to record highs, but lapses and protection gaps persist beneath the surface.
SARS exceeds R2 trillion as compliance, not commodities, drives revenue
Milestone caps Kieswetter’s tenure as a new commissioner prepares to take office from 1 May.
FIC tightens crypto rules: ‘no data, no transfer’ standard emerges
New guidance forces CASPs to verify and transmit transaction data in real time – or halt the transfer.
High Court rules construction guarantees fall under insurance law
Judgment confirms that such guarantees require licensing under the Insurance Act, resolving a long-running classification dispute.
FSCA tests global ESG rating models as oversight debate sharpens
Discussion paper weighs regulation, codes and hybrid options as data quality and governance risks come into focus.
Directive 11 takes effect as FIC opens detailed RCR guidance for comment
The FIC is inviting industry comment on draft guidance that sets out how institutions must complete and submit their 2026 risk and compliance returns before the April deadline.
Fuel relief now, answers later as the government buys time on price shock
A R3-per-litre levy cut cushions April’s fuel spike, but rising oil prices and expiring relief point to steep increases ahead.
Rejected claims expose behavioural risk in motor insurance
Motor insurance data shows most rejected claims are still driven by preventable driver behaviour, with direct implications for underwriting, advice and client risk.
New guidance clarifies credit provider scope under item 11
Final PCC 23A sharpens the definition of credit providers, confirming broad inclusion while drawing clearer lines around incidental credit and non-traditional lending.
Funds on the hook as Adjudicator flags failures in benefit payments
Rulings show weak controls can force retirement funds to repay benefits years later, with interest.
PAIA deadline opens as Regulator tightens oversight on information access
Missed submissions could trigger enforcement as the Regulator scrutinises how firms handle access to information requests.
Bonitas transition proceeds as administrators outline plans amid legal uncertainty
Sanlam and Momentum outline how they are managing workforce, operations, and risk as the Bonitas transition proceeds despite an unresolved court challenge.
Businesses should weigh VAT deregistration carefully
Rising the VAT threshold to R2.3m may prompt some businesses to deregister, but the process can trigger an immediate output tax liability on assets.
FIC cannot rely on pre-2022 non-compliance in attorney sanctions, High Court finds
Penalties cannot be based on periods before the FIC assumed supervisory authority, and remediation must be fully considered when imposing sanctions.
