Fiscal risks to SA remain despite government’s debt-containment measures
National Treasury continues to toe the line between fiscal continuity, consolidation, and declining revenues amid an increasingly stagnant local economy.
Industry News
Godongwana’s financial juggling is no substitute for economic growth
Whether the objectives as set out in the Budget are achievable will be determined by the government’s political will to anchor expenditure and put resources to better use.
Forensic investigation at SAIPA is at an ‘advanced stage’
The apparent internal strife has not impacted the organisation’s membership or credibility, says board chairperson Prem Govender.
Despite risk upgrade, South Africa faces commercial risk red zone
South Africa received a positive risk rating upgrade recently, but according to Allianz Trade’s Country Risk Atlas, the country still faces increased commercial risk due to temporary disruptions in demand.
Airtime running out for direct marketers in violation of POPIA
The Information Regulator is set to issue its first enforcement notice because of a direct marketing complaint.
Countdown to Budget Day: Will solar tax breaks be extended amid loadshedding turmoil?
As South Africans await the 2024 Budget Speech, a SAIPA tax specialist weighs in on the potential extension of the tax incentives for renewable energy.
High Court rejects insurer’s ‘narrow interpretation’ of construction guarantee
If Hollard’s ‘contradictory’ interpretation were correct, it could never be held liable to make payment, says judge.
Corporate loses R483 million in ‘deepfake’ conference call scam
The 13th Allianz Risk Barometer reveals that deepfake video technology, aimed at facilitating phishing scams, is now readily available online, priced as low as R377 a minute.
Financial Intelligence Centre must hand over reports on EOH, KPMG, Steinhoff, and Tongaat Hulett
The Equality Court makes an order in an application brought by six natural and juristic persons whose bank accounts were closed by Absa and FNB.
SA insurers losing most renewable energy project premiums to offshore firms
Lenders require that at least of 85% of the insurance programme is placed with A-rated insurance markets, says brokerage.
Court orders Discovery to deduct maintenance payments from defaulter’s RA
The existence of the RA funds demonstrates that the husband was able to pay the arrear maintenance, judge says.
Which banks offer the cheapest transaction accounts in South Africa?
Solidarity’s latest Bank Charges Report singles out the progress made by Nedbank regarding competitiveness and transparency.
Sanlam gets the nod to buy distributor of luxury brands
S. Bacher & Company is a distributor and wholesaler of brands such as Tommy Hilfiger and Hugo Boss.
Consumers warned of latest social media scammers
The FSCA encourages the public to be cautious of fraudulent schemes on messaging platforms, as they are on the rise.
FSCA wants to know number of personal lines claims in 2023
The information will help the Authority to monitor the extent to which insurers are delivering fair outcomes for consumers.
How the independent financial adviser market fared in 2023
Insights from Ninety One on the sector’s investment flows, fee trends, and revenue growth.
Court orders to assist in asset seizure and unravelling of BHI Trust
Evidence uncovered by BHI Trust’s joint provisional trustees shows the flow of funds from the trust to Craig Warriner.
