SCA to hear BHF’s appeal on low-cost medical options
The Supreme Court of Appeal will hear arguments on the merits if the appeal is upheld.
Stricter reporting obligations for crypto-asset transactions
From 1 March, new frameworks will impose expanded due diligence and information-exchange obligations on exchanges, custodians and banks.
Discovery integrates sleep into its health and insurance models
Discovery’s new research highlights sleep as a critical but overlooked health factor, finding strong links between poor sleep, chronic illness, and road accidents
Accounting body says UIF breakdown is a national compliance crisis
The Chartered Institute for Business Accountants has launched a campaign to press for reform of the Unemployment Insurance Fund.
Old Mutual Private Equity exits Medhold in sale to Sanlam
Sanlam Private Equity says the acquisition aligns with its strategy of investing in market-leading businesses with strong growth potential.
Deep flaws in SARS’s systems, OTO investigation finds
The Tax Ombud’s draft report on profile hijackings finds evidence of failures in SARS’s fraud prevention, detection, and resolution processes.
Employers must update leave policies after landmark ConCourt ruling
The Constitutional Court has struck down parts of the Basic Conditions of Employment Act and UIF Act, finding that current provisions unfairly discriminate between mothers, fathers, and adoptive and surrogate parents.
FSCA collects R119m in fines amid record enforcement year
In response to South Africa’s greylisting, the Authority has grown its AML/CFT team, increased on-site inspections, and ramped up fines.
Contribution increases ease slightly – except for one scheme
Momentum Health is proposing to raise contributions by an average of 9.9% in 2026 – the highest increase among the five largest open schemes.
Associate arrangement justified PSG’s deviation from its debarment policy
The Tribunal says that even informal communications qualify as regulated advice if they involve financial recommendations.
Two pots showing results, but success hinges on preservation and education
Industry experts say that small, unclaimed pots left behind by members pose a growing challenge that must be managed to protect long-term retirement outcomes.
Old Mutual warns about ‘Trevor Manuel’ deepfake investment pitches
Manuel’s reminder that only authorised individuals can provide financial product recommendations comes as the FSCA warns about four unlicensed entities/individuals.
FSCA opens consultation on draft OMNI-Risk Return
The Authority will host virtual workshops and tailored sessions with industry stakeholders, who have two months to comment on the draft Return.
Discovery delays 2026 contribution increase to April
Leading open medical schemes have announced increases above the CMS’s guidance, underscoring the tension between regulator calls for restraint and schemes’ funding needs.
Expanding access to compliance training: MBSE launches FICA CPD course in isiXhosa
MBSE’s first CPD course in isiXhosa makes compliance training more accessible with translated material, subtitles, and assessments.
Slow RCR submissions highlight gaps in anti-money laundering compliance
While submissions of the mandatory Risk and Compliance Return improved over the past year, 30% of institutions targeted by the FIC’s directives had not complied by March 2025
Financial intelligence reports drive R144m in crime recoveries
Requests for reports from the FIC rose by 17% in 2024/25, reflecting the FATF’s pressure on South Africa to strengthen its anti-money laundering efforts.
Alexforbes defends legal position after Mabuza pension freeze
The High Court freezes payouts from the late former Deputy President’s R44.7m annuity amid a family dispute.
