NHI ‘collaboration’ means different things to the government and the private sector
In an interview this week, President Ramaphosa was asked whether South Africans will pay higher taxes to fund NHI.
Industry News
Fund managers anticipate post-election rally in local equities
A potential leftward shift in policy is seen as the biggest risk to SA equities, followed by weak earnings and sticky inflation, according to the BofA survey.
Hypertension surging among young medical scheme members
Chronic high blood pressure, a leading cause of heart attacks and strokes, is driving up healthcare costs significantly, according to recent claims data from Discovery Health.
Coronation expects the local savings industry to continue to shrink
The group grows its total assets under management by 5% and resumes declaring an interim dividend.
There’s ‘something fishy’ about this scheme
Impersonators who have knowledge of the Authority’s investigations into scams are using this information to extort money from victims.
High Court dismisses director’s bid against subpoena in religious freedom dispute
Efforts by a director of two religious organisations to evade testimony before a commissioner probing the SNS Ponzi scheme hit a roadblock in the High Court.
Living Hands judgment clarifies important principles for financial institutions
Old Mutual Unit Trust Managers did not owe a direct statutory duty to the trust and its beneficiaries but to the trust’s administrator.
Structurally higher inflation is posing an increasing threat to investors, says OMIG
The latest Long-term Perspectives publication highlights why it is necessary to invest in assets that can deliver inflation-beating returns over the long run.
Healthcare affordability emerges as top concern for businesses in 2024
Aon’s Global Medical Trend Rates Report highlights the pressing challenge of healthcare affordability for businesses amid a decade-high global medical trend rate.
SCA upholds Old Mutual’s Living Hands appeal
Old Mutual Unit Trust Managers off the hook for R1.7 billion claim arising from Fidentia scandal.
NHI: We are going to have equality whether people like it or not, says Ramaphosa
Solidarity and AfriForum are the first out of the starting blocks with legal challenges to the NHI Act.
Warriner hit with 30-year debarment as FSCA’s BHI probe continues
The suspension of Global & Local’s licence relates to its relationship with BHI Trust, the FSCA confirms.
Medical schemes assure members that NHI is a long way off
The expected legal challenges to the legislation and the pressure on the state’s finances could delay full implementation of the system for many years.
Oceanfront’s licence provisionally withdrawn – MD linked to Medbond
Jaco van Heerden, once a director at Medbond, is the managing director of Oceanfront Financial Solutions, whose FSP licence has been provisionally withdrawn.
Cellphone distractions rise to the top of road accident risk factors
Data from Discovery Insure provides insights into how driving behaviours and road infrastructure contribute to the likelihood of a road accident.
Taxpayer’s (legitimate) refund stuck in limbo after profile hacked
A cyberattack not only removed his account from his tax practitioner’s profile but also led to an erroneous VAT refund being paid back to SARS.
Rising tide of online shopping drives surge in courier vehicle hijackings
Courier vehicles have become prime targets for criminal syndicates. Tracker highlights the escalating threat and strategies to protect deliveries.
