Leveraging the Model Law on Cross-Border Insolvency, the liquidators co-ordinated with courts in the US, UK, and Australia, setting a precedent for future international crypto claims.
Key achievements include the creation of the National Financial Ombud Scheme and the new FAIS Ombud Rules.
Muvhango Lukhaimane will also consult with trustees on guidelines for naming and shaming problematic funds, administrators, and employers.
Bestmed says that rand for rand its benefit options will remain competitive despite the proposed average increase of 12.75%.
The system is driving a shift in how members engage with their retirement funds. Members are monitoring their savings and reacting to market fluctuations, says Old Mutual.
Funds made different calls on the conditions for the exclusion of provident preservation fund members and the seeding date for members who opt in.
Spruyt Inc says the Fund’s claims of cruelty and misconduct are a reaction to its relentless pursuit of overdue payments for its indigent clients.
Non-life insurers bounced back from a loss of R16.7bn in 2022 to a profit of R13.7bn in 2023, while life insurers posted significant profit growth, says KPMG.
The Consumer Protection Act requires suppliers to perform services in a manner that meets the reasonable expectations of consumers.
ASISA advises consumers to take a holistic view of their finances and avoid hasty decisions that could leave them unprotected.
Shahied Daniels has accused the accountancy organisation’s board of irregularities and says he intends to challenge his dismissal.
La Grange was sentenced to 10 years in prison, with five years suspended contingent on his co-operation with the State in future cases involving Steinhoff’s executives.
The High Court overturns a Regional Court’s decision that allowed a policyholder to cancel her five-year endowment policy early.
Judgment is ‘forthcoming’ in the contempt of court case against the Road Accident Fund and its CEO, as Discovery Health seeks the enforcement of court rulings regarding unpaid claims.
Schemes and healthcare professionals are at odds over whether these recoveries are justified, says the Council for Medical Schemes.
The National Consumer Commission claims the scheme misled participants with false promises of grocery rewards and high returns.
With major medical schemes reporting average contribution hikes exceeding 9%, members face tough choices in an increasingly unaffordable healthcare landscape.
