South Africans rally behind local businesses
Santam’s Most Loved Local Report identifies a shift in consumer priorities, as good overall experience and value for money take centre stage.
Industry News
‘Full implementation’ of NHI will consume a quarter of GDP – cost analysis
‘Real insurance would be achieved if unambiguous private healthcare insurance were fully decriminalised.’
FSCA warns the public of potential pyramid scheme
The Authority also alerts the public to an unauthorised entity that is promising unrealistic returns from forex trading.
Outlook for 2024: new transitional phase will boost risk assets
The asset classes that performed best in the recessionary cycle are unlikely to repeat their superior performance in the transition to the initial stages of accelerated growth.
FSCA asks BHI Trust investors to come forward with information on FSPs
Numerous individuals have been subpoenaed to appear before the Master of the High Court, to be questioned about the affairs of the sequestrated trust.
What medical schemes paid brokers in 2022
The regulator’s latest Industry Report contains detailed information about the medical schemes industry.
All open medical schemes – except one – have solvency ratios far above the required minimum
And the solvency ratio of the restricted Transmed Medical Fund continued to fall in 2022.
Prosecution challenges threaten South Africa’s exit from FATF grey list
The National Prosecuting Authority Amendment Bill will play a pivotal role in bolstering South Africa’s prosecution capabilities, says CDH’s Louis Botha.
South Africa ranks in the middle of global sustainability stock market league
SA’s market ranks highly in terms of social characteristics but poorly on environmental, driven by the high proportion of materials and mining stocks.
Accountancy body places executives on precautionary suspension pending a forensic investigation
A group of SAIPA members is calling for the matter to be discussed at a special general meeting.
SCA directs removal of East London attorney from roll over misconduct
The Supreme Court of Appeal replaced the High Court’s two-year suspension order, saying the attorney was not amenable to rehabilitation.
Former Momentum financial planner arrested for R4.7 million fraud
The financial services group is aware of another client who fell victim to the former employee’s alleged misconduct.
Capitec’s funeral policy arrangement with Sanlam to end next year
Capitec Life will take over the administration of the in-force insurance book.
Black Friday: retailer payday or sales fizzle?
Shopping statistics reveal top trends in consumer purchases over the Black Friday weekend.
Alexforbes’s interim results show 13% surge in operating income despite challenging economic environment
Alexforbes CEO Dawie de Villiers pledges further investment in core strengths for scale and efficiency considering robust interim results.
Industry and organised labour respond to new proposed two-pot date
All stakeholders emphasise the need to finalise the amendments to the Income Tax Act and the Pension Funds Act.
Asisa’s chief executive leaves to ‘pursue other opportunities’
Busisa Jiya’s departure comes less than two years after his appointment.
