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Home / Industry News / Page 60

Industry News

FPI Convention 2025: An overview of some of the stand-out sessions on the first day of the FPI’s annual convention.

Mark Bechard, the managing editor of Moonstone Publications, provides an overview of some of the stand-out sessions on the first day of the Financial Planning Institute’s annual convention on 3 and 4 November […]

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Discovery to appeal ‘far-reaching’ judgment in favour of RAF

The High Court says Discovery Health misconstrued the scope of the judgment that set aside the RAF’s first directive on the payment of medical scheme members’ claims.

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How the dispute between the RAF and Discovery unfolded

Discovery Health’s quest for reimbursement from the RAF for medical expenses incurred by road accident victims has faced multiple legal hurdles, with new RAF directives complicating the situation.

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Key regulatory and compliance developments: looking back at 2024 and what’s ahead in 2025

Billy Seyffert unpacks 2024’s major compliance changes, from the two-pot retirement system to cybersecurity standards, offering practical advice to stay ahead in 2025.

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Nedbank’s fuel rewards advert is misleading, says ARB

A client complained that she couldn’t earn Greenbacks rewards at a BP filling station because it does not accept American Express cards.

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SA’s corporate tax base rests on a few large companies

More than 3.6 million companies were registered with SARS, and only 0.1% of them contributed 72.3% of corporate income tax revenue in 2022.

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The risks of tap-and-go cards: how to safeguard your money

The Banking Ombud urges consumers to be proactive in protecting their funds, especially as complaints rise about unauthorised tap-and-go activity with lost or stolen cards.

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Digital scams surge during the festive season – are you prepared?

Scammers are using fear, urgency, and authority to exploit unsuspecting shoppers. Discover how to keep your finances safe amid the surge in holiday fraud.

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US financial company’s name hijacked in impersonation scam

The FSCA says the scammers are also misusing the FSP number of a Bloemfontein-based financial planning business.

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Investigation: United African Stokvel’s promises were worthless

The stokvel misused a significant portion of the money it collected, while the remaining amounts were used to pay purported returns to some investors, says the Authority.

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Banking sector providing the Hawks with tools to combat financial crime

The Digital and Financial Forensic Analysis Centre’s latest project is serving subpoenas electronically to obtain bank records.

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Ramaphosa calls on private sector to end appointments of Bain and McKinsey

The Presidency is not happy with McKinsey’s appointment as a supporting partner to the B20 or Bain’s running the Energy Council’s project management office.

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Allan Gray lodges complaint over ‘imitation’ Nedbank advert

Allan Gray argued that Nedbank’s ‘Time is more valuable than money’ campaign infringed upon its intellectual property.

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Forged IDs fuel 50% of global fraud as South Africa sees 300%-plus surge in 2024

The surge in fraud underscores the urgent need for stringent compliance measures to protect clients and maintain trust amid rising threats.

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Black Friday 2024: South African shoppers go digital amid record spending

Consumers defied economic pressures this Black Friday, with banks processing billions in transactions and setting new records. Digital payments took centre stage, highlighting a significant shift in consumer behaviour.

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‘Investment’ scammers impersonate companies on Telegram

The FSCA also alerts the public to individuals who may be providing financial services without authorisation.

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Municipal infrastructure: a complex landscape with emerging opportunities

Public-private partnerships and sustainable projects are opportunities for impactful, long-term investment in essential services and economic growth.

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