Fidentia scandal: end of the road for trust’s case against Old Mutual?
The Constitutional Court dismisses an application for leave to appeal against the Supreme Court of Appeal’s ruling in favour of Old Mutual Unit Trust Managers.
Industry News
Rising demand for weight-loss drugs: balancing health, cost, and supply
The demand for GLP-1 medications as a weight-loss solution raises critical questions about accessibility, affordability, and the long-term sustainability of their use for managing obesity and diabetes.
Insurance sector proves resilient amid global uncertainty
Industry leaders at the IAIS annual conference unpack key risks facing the global insurance market, including the impacts of rising interest rates, geopolitical threats, and the growing role of AI.
Jewellery insurance: don’t let warranty clauses take you by surprise
The FAIS Ombud warns that failing to adhere to warranty clauses – such as storing jewellery in a safe when not worn – can significantly reduce claim payouts.
Dimension Data Campus case: a landmark test for corporate governance
The High Court’s ruling emphasises the duty of directors to disclose conflicts of interest and highlights the importance of complying with corporate and B-BBEE laws.
Godongwana signals gradual approach to NHI funding
Progress with implementing National Health Insurance will be contingent on the fiscal situation.
Beat the traffic: the best times to hit the road this holiday
The temptation to speed may be high as you head to your holiday destination. But Discovery Insure’s research shows that speeding not only saves very little time but also increases the chance of accidents.
Global Insurance Capital Standard gets the nod
After years of meticulous development, the International Association of Insurance Supervisors is shifting its focus to the next big challenge: rolling out the Insurance Capital Standard on a global scale.
How consumers feel about the country’s big retail banks
One digital bank emerges head and shoulders above the rest in the 2024 South African Banking Sentiment Index.
Life offices and asset managers surpass B-BBEE ownership targets
Challenges remain with the representation of black people in executive director roles, ASISA’s latest transformation report shows.
Increased focus on voluntary reporting for tax transparency
PwC’s ninth tax transparency review shows a growing trend among South African corporates to produce stand-alone tax reports, signalling a commitment to accountability and sustainable business practices.
Members need advice to navigate two-pot’s complex options
The two-pot system demands members make choices for vested, savings, and retirement components – all with distinct rules and tax implications. This complexity is driving the need for personalised advice and the systemic changes to support members effectively.
State capture: McKinsey reaches settlement agreements with US, SA authorities
McKinsey Africa has agreed to pay $123 million in a deferred prosecution agreement with the US Department of Justice for its role in a bribery scheme involving Eskom and Transnet.
Is South Africa back on track?
While challenges remain, improvements in energy supply, the rand, and infrastructure investment offer hope for future growth, provided the government continues to deliver on its promises.
SCA upholds order to release full Steinhoff forensic report
The judgment highlights the impact of Steinhoff’s collapse on retirement funds and the public’s right to understand the nation’s biggest corporate scandal.
Financial pressure shapes South Africans’ views on two-pot options
Survey finds that 57% are comfortable with having access to their savings, while 29% are concerned about the impact on their long-term savings.
High Court reinforces key principles of disclosure in insurance
Applicants must fully disclose all relevant information during underwriting, even if it was divulged in past applications.
