An insurer is not a supplier under the Consumer Protection Act
When seeking compensation from an insurer because of alleged third-party negligence, the best course of action is to pursue the matter in court, the National Consumer Tribunal says.
Industry News
High Court upholds joint liquidators’ role in MTI winding-up
The High Court ordered the applicants to pay punitive costs, saying their allegations were spurious and damaged the joint liquidators’ reputations.
Swix indices on the way out as JSE simplifies benchmarks
From this month, the ‘vanilla’ indices will adopt the same methodology and therefore have the same weightings as the Swix indices.
New initiative aims to ease home insurance challenges amid climate risks
A pioneering approach that integrates climate data with claims data is set to transform insurance risk management in South Africa.
Welcome news for companies in business rescue
SARS’s discretion to write off temporarily an amount of tax debt while a company is subject to business rescue will be reviewed.
Social media firestorm: what went wrong and how Old Mutual is responding
Old Mutual provides context to the Molefi complaint, and how the group is planning to address the alleged non-payment.
FSCA launches advisory panel to represent retail consumers
The aim of the newly established panel to ensure that the perspectives and concerns of retail financial customers are effectively considered in the Authority’s activities.
More prosecutions essential to getting off grey list, says Treasury’s Momoniat
The absence of a successful prosecution of anyone named in the Zondo report is a big concern, Business Times reports.
Retail investors drive net inflows into hedge funds in 2023
Hedge funds saw robust inflows for the second consecutive year, according to recent data released by ASISA.
Five more years … Kganyago to stay on as SARB governor
The President also renews the terms of two deputy governors and appoints Mampho Modise to replace Kuben Naidoo.
Coronation wins global award for empowering women in finance
Coronation Fund Managers clinches the 2024 100 Women in Finance Europe, Middle East, and Africa Diversity, Equity, and Inclusion Award.
How recent geopolitical events will reshape investor strategies
Recent geopolitical events are poised to drive substantial increases in global military spending, spur the emergence of a more assertive ‘Global South’, and accelerate investments in technological innovation.
It’s ‘business as usual’ for debarred director of Classic Financial Services
A provisional sequestration order for the estate of Classic Financial Services director Jacobus Geldenhuis has been granted.
Fairtree wins South African Manager of the Year award
The full list of winners at this year’s Raging Bull Awards ceremony.
Bad analysis feeds mistrust in SA’s financial system, says Kganyago
The governor of the Reserve Bank also says he is confident the country will get off the grey list in 2025.
Ransomware gang claims to have leaked government pension data
LockBit, the cybercriminal group allegedly responsible for the attack, was the subject of a take-down operation by global law enforcement agencies.
Rising fire risks prompt urgent focus on insurance in the agri sector
A dispute over a R14 million claim underscores the importance of clear communication and thorough risk assessment in fire insurance agreements.
