Financial planner convicted on 30 counts of insurance fraud
Shaun Dorning redirected payments totalling R4.2 million from a client while working as an independent contractor.
Industry News
Sanlam proposes R6.5 billion buyout of Assupol
The deal is anticipated to enhance Sanlam’s competitive standing in the retail mass market.
PortfolioMetrix lists actively managed bond ETF
The fund offers professional and retail investors access to more attractive parts of the market that do not fall within the fixed-income indices.
Acquisition of OUTvest paves the way for ‘digital disruption’, Alexforbes says
While the saying ‘build it and they will come’ may not always hold true for fintech start-ups, Alexforbes is aiming to make a difference by bringing its significant reach to bear.
South Africa’s corruption crisis: lowest score yet on global perceptions index
The country’s latest score on the Corruption Perceptions Index is lower than it was during the administration of former president Jacob Zuma.
FSCA warns public of rising scams on social media platforms
The Authority breaks down the red flags that may indicate a product or scheme is fraudulent.
Insurer correctly repudiated claim for allegedly written-off car – High Court
The policyholder did not disclose two previous ‘minor’ incidents involving a different vehicle and a different insurer.
What SA’s prolonged hard insurance market means for insurers, brokers, and clients
Advisers can offer clients invaluable insights and the tools they need to thrive, even in times of turbulence.
Ignore R&D-driven growth stocks at your peril
The thrust behind the re-rating of growth stocks since 2010 was technological advancements and innovation through research and development.
Global recognition for MTI joint liquidators’ statutory powers grows
The creditors’ list in the Ponzi scheme stands at 8 550 as the joint liquidators prepare to submit the second liquidation and distribution account to the Master of the High Court.
Top employers benefit from bridging the hybrid work gap
Sanlam, Momentum Metropolitan, and Absa secured consecutive Top Employer certification for 2024 by excelling in HR practices and innovative initiatives, with a focus on employee well-being, diversity, digitisation, and flexible hybrid work models.
Cloete Murray was looking into Constantia Insurance – Business Day report
The insolvency specialist was fatally shot two days after filing an urgent application to initiate a section 417 inquiry, the publication says.
Selling SA at Davos: the challenge of attracting foreign direct investment
Reducing regulation, lowering the cost of doing business, and tapping into the infrastructure asset class can position SA to attract FDI, says Izak Odendaal.
‘Crowd-farming’ platform co-operating with FSCA over licensing concerns
Livestock Wealth says it was under the impression, based on correspondence with the Authority, that it did not need a licence to sell agricultural assets.
South Africa faces economic headwinds as Fitch rating reflects concerns
Fitch’s recent affirmation of the country’s BB- rating underscores concerns about weak GDP growth, power shortages, faltering logistics, and a rising government debt-to-GDP ratio.
Family members in court for alleged multimillion-rand Ponzi scheme
The trio linked to Coin-It Trading were charged with fraud, contravening the FAIS Act and the Banks Act, and with money laundering.
Three FSPs’ licences, branding abused in social media investment scam
The FSCA is also investigating a company that may be selling guarantee insurance without authorisation.
