Industry News
Opposition MPs criticise Sarb for ‘narrow’ Phala Phala investigation
Bringing foreign currency into the country is regulated by the customs and excise legislation and falls under Sars, Kganyago tells MPs.
It’s ‘Back to the Future’ at this year’s FPI Professionals Convention
The theme of this year’s convention reflects how the recent past will inform the future, accelerating the use automation, open AI, and digital evolution in financial planning.
CMS calls for comprehensive investigation into Mediclinic billing fraud allegations
The regulator says the funds should be returned to the affected medical scheme members.
Health Squared’s liquidators call for submission of claims
The claim form, together with supporting documentation, must be delivered to the liquidators’ office in Pretoria.
Why I currently favour tangible assets over financial assets
The upside risks to industrial commodity prices are gathering momentum.
Cracked solar panels could give farmers a break from thieving
An Eastern European company is manufacturing solar panels that appear broken, so thieves won’t be tempted to steal them. But where might this end?
BRICS discussion on dollar dominance ‘a good debate to have’
PSG chief investment officer Adriaan Pask analyses the potential shift in global currency dynamics post the BRICS Summit.
South Africa’s insurance industry faces an uphill battle
Aon’s 2023 State of the Market Report unveils troubling trends as South Africa’s insurance landscape grapples with various challenges.
Will insurtech disruptors topple insurance giants?
Old Mutual Insure’s chief commercial officer weighs in on the trends set to define the short-term industry over the next decade.
Medical schemes body loses urgent contempt-of-court application against CMS
The latest round of litigation between the Board of the Healthcare Funders and the CMS over low-cost medical schemes.
Beware of chancers: FSCA issues warnings against dubious operators
From individuals impersonating the FSCA to falsely presenting themselves as legitimate FSPs, alleged fraudsters are coming at consumers from all sides.
Embracing AI in insurance: the path to innovation and survival
Stephen van Niekerk, executive head of Momentum Myriad, shares lessons learned following the launch of a “first-in-industry innovation” life insurance product and how artificial intelligence (AI) will fuel the insurance industry.
Sanlam initiates unwinding of B-BBEE transaction amid market volatility and share concerns
Sanlam to consider alternatives ‘in the best interest of stakeholders’ to implement the orderly unwinding of SU BEE Funding in the lead-up to the funding repayment date.
Interest rates: the Sarb will not bow to political pressure
A 200 basis point cut in the repo rate will lead to the rand plunging by between 12% and 15%, putting upward pressure on inflation through more expensive imports.
The unit trust category that has far out-performed the others over the past decade
The average balanced fund has delivered about CPI + 2% over 10 years, which is well below the returns these funds aim to deliver.
How the whole world wins when the financial gap for women is bridged
A ‘new frontier’ of gender, diversity and inclusion focused initiatives are tackling tackle gender inequality in the financial sector.
