Judge slams Legal Practice Council’s delayed action on attorney misconduct
The High Court has struck off attorney Ashley Youngman and criticised the Legal Practice Council for failing to address numerous complaints over several years.
Industry News
‘Outdated’ pricing structure is harming microlenders and consumers, says MFSA
The most recent revision to the maximum interest rates and fees that credit providers can charge was in November 2015.
Comprehensive insurance ‘is a necessity as kidnappings skyrocket’
It has become crucial for companies and individuals to secure specialised coverage for kidnapping risks, says OLEA South Africa.
Sygnia grows assets under management despite net outflows doubling
Introducing prescribed assets for retirement funds won’t solve South Africa’s solvency problems, directors say.
Two more charged in connection with BHI Trust Ponzi scheme
The Hawks have indicated that further arrests are likely in the wake of the apprehension of Rubicon director Sona Pillay and Global & Local founder Michael Haldane.
Loadshedding: ‘It is going to be a tight winter’
Old Mutual Insure unpacks the impact of loadshedding on the insurance industry and the outlook for a stable electricity supply.
Wife organised hit on her husband to get insurance policy payouts
The three teenagers hired by Kedibone Nyathi testified for the State after their conviction and sentencing.
Solar panel surge holds opportunities and risks for insurers
Old Mutual’s Clive Hogarth says insurers need to ask critical questions about the quality of installations.
Eastern Cape floods: Santam receives more than 250 claims
The number of claims is expected to rise, and storm-hit policyholders in KwaZulu-Natal will also be filing claims.
Final report on racial profiling allegations ‘to be released soon’
Nearly four years since the investigation into allegations of racial profiling began, the Council for Medical Schemes has indicated that the final report is almost complete.
Ninety One’s AUM dips again, but net outflows lower than in 2023
The higher-for-longer interest rate environment has kept investors away from risk assets, particularly in emerging markets.
Momentum Metropolitan reports jump in single-premium business
The reduction in the number of tied agents knocked recurring-premium sales, the group says in a trading update.
Discovery Insure faces social media uproar after personal data breach
Criminals are impersonating policyholders and requesting copies of their policy schedules and claims histories.
Dis-Chem agrees to buy 50% stake in insurer OneSpark
The acquisition is in line with the group’s strategy to develop a portfolio of health-centric financial services products.
Glimmer of hope for when the SARB will start cutting the repo rate?
Governor Lesetja Kganyago says the central bank will remain committed to reining in inflation if a new government spends more and the deficit increases.
Unauthorised financial services business: FSCA issues a long list of entities and individuals
Boutique asset manager Denker Capital is the latest FSP to be impersonated by fraudsters operating on social media.
AI, digital currencies, and ESG are shaping currency trading strategies
Citadel unpacks currency fluctuation dynamics and how the rand is impacted by global and local events and indicators.
