Amendments proposed to clarify attachment of living annuities and trust assets
The South African Law Reform Commission releases its final report containing recommendations on changes to the Maintenance Act.
Industry News
Discovery reports surge in chronic diseases, urges annual check-ups
Discovery Health Medical Scheme reports that the rate of annual health checks exceeded pre-Covid levels in 2023.
Reana Steyn appointed to lead new National Financial Ombud scheme
The role of the NFO is to aid financial customers to obtain redress for alleged unfair treatment by financial product or service providers.
Biggest institutional fund managers in South Africa
Alexforbes’ Manager Watch provides key insights into the country’s asset management landscape.
Working from home isn’t going anywhere anytime soon, research finds
Flexible working is still one of the top motivators for job seekers, as more people seek a better work-life balance.
KPMG says its forensic investigation uncovered R16.5m bursary fraud
The auditing firm says, according to its records, no bursars have been left out of pocket.
Unlocking global opportunities with Investec
Tectonic shifts in demographics will change the way we think about retirement planning. Structured products can play a key role in navigating these changes.
Judge compares Odendaal’s court order request to Oliver Twist’s ‘more’ plea
The late Markus Jooste’s alleged romantic partner has applied to the SCA for permission to appeal the High Court’s ruling that effectively bars her from accessing a monthly living allowance of R150 000.
Sanlam to take controlling stakes in its insurance JVs in India
The group believes its partnership with Shriram will enable it to benefit from India’s growing economy and burgeoning population.
Satrix wins 10 listed tracker awards, but not for performance
Most of the SALTAs for performance went to 1nvest, First National Bank, and Union Bank of Switzerland.
Go-ahead for merger between Anchor and Credo
The combined business will have assets under administration of more than R230 billion.
Jooste’s death raises questions about the fate of seized assets and Steinhoff prosecution
A fiduciary expert discusses the legal complexities surrounding attached assets in the wake of Markus Jooste’s death.
Primary health insurance policies can be sold for another year
The exemption will remain in force for 12 months unless a decision is made on low-cost benefit options before 31 March 2025.
Tax collection in 2023/24 comes in at R10bn more than expected
SARS rakes in more from personal income and VAT, but corporate tax slumps by almost 9%.
RAF claims ‘out of ICU’, but hundreds of millions still owed to medical scheme clients
Despite Parliament’s commitment to prioritise the Road Accident Amendment Bill, there has been no further communication about the comments submitted on the draft legislation.
RAF’s legal rope nearing its end as High Court tells fund to pay R33 million
The recent ruling by the High Court underscores the Road Accident Fund’s obligation to reimburse medical scheme members for past medical expenses covered by the injured person’s medical scheme after a motor vehicle accident.
Old Mutual prepares to shake up banking sector with new bank
South Africa’s second-largest insurer is set to launch a bank that will focus on capturing the mass market segment.
