Global recognition for MTI joint liquidators’ statutory powers grows
The creditors’ list in the Ponzi scheme stands at 8 550 as the joint liquidators prepare to submit the second liquidation and distribution account to the Master of the High Court.
Industry News
Top employers benefit from bridging the hybrid work gap
Sanlam, Momentum Metropolitan, and Absa secured consecutive Top Employer certification for 2024 by excelling in HR practices and innovative initiatives, with a focus on employee well-being, diversity, digitisation, and flexible hybrid work models.
Cloete Murray was looking into Constantia Insurance – Business Day report
The insolvency specialist was fatally shot two days after filing an urgent application to initiate a section 417 inquiry, the publication says.
Selling SA at Davos: the challenge of attracting foreign direct investment
Reducing regulation, lowering the cost of doing business, and tapping into the infrastructure asset class can position SA to attract FDI, says Izak Odendaal.
‘Crowd-farming’ platform co-operating with FSCA over licensing concerns
Livestock Wealth says it was under the impression, based on correspondence with the Authority, that it did not need a licence to sell agricultural assets.
South Africa faces economic headwinds as Fitch rating reflects concerns
Fitch’s recent affirmation of the country’s BB- rating underscores concerns about weak GDP growth, power shortages, faltering logistics, and a rising government debt-to-GDP ratio.
Family members in court for alleged multimillion-rand Ponzi scheme
The trio linked to Coin-It Trading were charged with fraud, contravening the FAIS Act and the Banks Act, and with money laundering.
Three FSPs’ licences, branding abused in social media investment scam
The FSCA is also investigating a company that may be selling guarantee insurance without authorisation.
Surging specialists’ fees drive sharp increase in gap insurance claim values
A comprehensive option is no guarantee that your medical scheme will pay in full your bills for in-hospital treatment, says Sirago Underwriting Managers.
Financial services entities recognised for exceptional HR practices
They are among the 138 South African employers to earn the accreditation of ‘top employer’.
CMS seeks reconsideration after court dismisses appeal on LCBO documents
The Supreme Court of Appeal’s dismissal of the Council for Medical Schemes’ appeal against providing documents to the Board of Healthcare Funders on low-cost benefit options marks the latest development in the ongoing legal dispute.
Insurance brokers ordered to pay R300 000 after failing to disclose crucial policy requirement
Insurance brokers are much more than ‘a mere conduit or post-box’, as per the General Code of Conduct, their duties and responsibilities extend far beyond that, the FAIS Ombud says.
Fund’s ‘unrealistic monthly returns’ of concern, warns financial regulator
MMM Krypto, marketed as a ‘mutual aid fund’, promises participants returns of between 24% and 36% per month.
Global economic outlook hangs in the balance amidst geopolitical uncertainty
Momentum Investments’ Market and Economic Outlook – January 2024 highlights worldwide elections, geopolitical tensions, and South Africa’s challenges.
Navigating South Africa’s roads: Top 5 auto insurance providers for 2024 named
The International Driver’s Association recently conducted a study comparing local insurers to identify the top 5 performers in car insurance, considering factors like comprehensive coverage and efficient claims processing.
Parents struggle as back-to-school costs soar: survey reveals financial stress and sacrifices
Close to 90% of parents will have to cut back on essential household expenses to cover back-to-school costs.
Anglo stock investment cycle: time to stay or time to go?
Ryk de Klerk delves into commodity trends, market divergence, and strategic insights, giving a comprehensive analysis of Anglo-American PLC in the current economic landscape.
