FSCA’s investigation into Tongaat Hulett accused not unlawful
The Full Bench of the High Court finds that the Authority’s investigating panel did not treat Michael Deighton unfairly.
Industry News
Positive trends in SA’s ETP industry ‘are likely to continue in 2024’
The industry’s 28% surge in its market cap in 2023 was the biggest since the first exchange-traded fund was listed in South Africa in 2000.
Move over Black Friday – ‘Tax Thursday’ offers investors the best deal for retirement savings
Investors can maximise their tax benefits by contributing extra funds to their retirement annuities before the tax year ends.
Critical infrastructure blackouts are SA corporates’ biggest worry
Cyber incidents are the top global business risk by a clear margin, but they rank second in South Africa, according to the latest Allianz Risk Barometer.
Increase in Discovery’s cancer claim payouts – and screening rates have recovered
Claims for cancer treatment and maintenance therapy rose by almost 8% in 2023.
Few bright spots in 10X’s latest Retirement Reality Report
A trend that has emerged over the past three reports is that more South Africans are being forced to retire before they want to.
Appeal on appeal: Competition Commission shows its tenacity in rand-fixing case
The appeal will leave it up to the Constitutional Court to decide whether the competition authorities can investigate and prosecute foreign-based firms.
Centaur, IC Markets, and RCG Markets latest targets of impersonation scams
An offer to assist the investor with recovering her returns from the individuals who defrauded also turned out to be a scam.
Old Mutual Insure teams up with UK flood specialist to tackle rising climate threats
The collaboration enables the non-life insurer to use location-specific flood data, providing a more informed perspective on flood risk.
Adrian Burke takes the helm as acting chief executive of Asisa
Amid a leadership transition at the Association for Savings and Investment South Africa, veteran insurance industry figure Adrian Burke steps in as acting CEO.
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.
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.
