‘Proposal to end medical tax credits will reduce disposable income’
A family of four will lose R14 640 a year, says Tax Consulting SA.
Industry News
Axiam is preparing to take legal action against Craig Warriner
The specialist fund manager says Warriner was not authorised to initiate or conclude any investment mandates on the company’s behalf.
Road Accident Fund ordered to compensate widow in suicide-related appeal case
The High Court found there was a clear causal connection between the injuries and the sequelae suffered by the deceased and his suicide.
Clientèle to buy 1Life Insurance in R1.9 billion transaction
The merger will create a combined embedded value of about R7.8 billion, and the insurers have 1.5 million active policies.
Complaints lodged against BHI Trust date back six years
A formal FSCA investigation into BHI Trust in 2020 found that several financial sector laws had been contravened.
Financial Intelligence Centre ‘freezes’ BHI Trust bank account
The court-appointed joint provisional trustees of BHI Trust are urging investors and creditors to submit their claim forms timeously.
Insurer ordered to pay R16 million claim for stolen masks
The High Court rejects Compass’s submissions that the insured made a material misrepresentation and breached a warranty.
Sasfin fires employees implicated in money-laundering investigation
The South African Reserve Bank intends to impose sanctions for alleged contraventions of FICA, the Exchange Control Regulations, and the Banks Act.
Fraudsters impersonating INN8 Invest on WhatsApp
Legitimate fund managers do not promise to double your money in 24 hours.
BHI Trust: the walls start tumbling down
The FSCA says its investigation into BHI Trust will include regulated entities that may have promoted the collective investment scheme’s products.
Ex-fund manager found guilty of fraud for manipulating dollar/rand exchange rate
The prosecution’s case is that SA-born Neil Phillips engaged in a flurry of trades in the early hours of 26 December 2017 to force the rand below 12.50 to the dollar.
Sars says ‘sorry’ for threatening SMS, but …
The message was intended as ‘a genuine and helpful reminder’ to taxpayers to file their returns, the tax-collection authority says.
Claims reflect surge in theft and hijackings of high-value vehicles
Swift corrective action has proved to be effective in reducing vehicle theft and hijacking claims to ‘acceptable levels’, Santam’s 2023 Insurance Barometer report finds.
Inquiries into insolvent Classic Financial Services unearth assets
The administration process of the insolvent estate of Classic Financial Services has yielded ‘numerous assets’, providing a glimmer of hope for creditors.
Health app introduces three firsts to the South African medical scheme industry
Discovery launches funded internet-based Cognitive Behavioural Therapy and telehealth services to address the alarming surge in depression.
Medical schemes that grew their membership by 5% or more in 2022
Preliminary data released by the Council for Medical Schemes highlights key trends in the industry last year.
Why business interruption insurance is a must in today’s turbulent world
Aon South Africa weighs in on why having BI insurance – and the services of a professional broker – is crucial for an organisation’s long-term survival.
