The South African Reserve Bank (Sarb) this week moved to attach more than R1.4 billion in assets linked to former Steinhoff chief executive Markus Jooste, five years after it told Parliament it was […]
The FSCA ended its 2022 financial year with a deficit of more than R4.9 million, after recording a surplus of over more than R30m in 2021, its latest annual report shows. The Authority […]
The number of authorised FSPs declined by 1.12% between 2021 and 2022, despite the FSCA approving more FSPs this year, the Authority’s annual report for the year to the end of March shows. […]
South Africa is a land of stark contrasts, and one of the most visible examples is how legislation is applied differently across various sectors of the economy. The financial services industry is one […]
Office of the Tax Ombud says it has escalated the matter to the senior leadership of the revenue authority.
Lives covered by open schemes declined in 2021 despite the increase in the number of principal members.
Only one province seems have ‘got its act together’ when it comes to serving the population, Parliament told.
It’s time for the government to admit that collaboration with the private sector is the key to development and growth, says Jardine.
There is an 85% probability that South Africa will be grey-listed by the Financial Action Task Force (FATF) in February next year, mainly because institutions in the criminal justice system were undermined during […]
Sanlam announced this week that it has submitted a letter to the board of AfroCentric Investment Corporation Limited (AfroCentric), expressing Sanlam’s intention to acquire AfroCentric shares that would result in Sanlam acquiring a […]
Members who migrated to other medical schemes can only ask for waiting periods to be waived.
CEO Thabo Legwaila named as the acting ombud for three months.
SA Federation of Trade Unions says a basic income grant of R1 500 a month should be introduced progressively.
Analyses of the implications of extending income support measures in South Africa, including a basic income grant (BIG), have focused on one of three things: how much it will cost, calculations about how […]
3Sixty Life has registered its intention to appeal against the High Court’s decision to place the underwriter under final curatorship. The High Court also cancelled the appointment of Yashoda Ram as 3Sixty Life’s […]
The Supreme Court of Appeal (SCA) has upheld the Gauteng provincial government’s claim against Zurich Insurance for the cost of repairing damage caused during the construction of tunnels for the Gautrain. The High […]
The Prudential Authority (PA) has granted Capitec a licence to conduct life insurance business in South Africa, Capitec announced this week. A subsidiary of Capitec Bank Holdings, Capitec Ins. Pty Ltd, has been […]
