Alexforbes’s interim results show 13% surge in operating income despite challenging economic environment
Alexforbes CEO Dawie de Villiers pledges further investment in core strengths for scale and efficiency considering robust interim results.
Appeals Board ruling puts Centriq–Dis-Chem partnership on the line
In Circular 48, the CMS signals tougher enforcement against exempted insurers, warning that non-compliant branding and failure to notify regulators will attract decisive action.
Industry and organised labour respond to new proposed two-pot date
All stakeholders emphasise the need to finalise the amendments to the Income Tax Act and the Pension Funds Act.
Asisa’s chief executive leaves to ‘pursue other opportunities’
Busisa Jiya’s departure comes less than two years after his appointment.
Two pots: proposed implementation date is neither 1 March 2024 nor 1 March 2025
The Minister of Finance responds to the Standing Committee on Finance’s call for the implementation date to be moved to 1 March next year.
Considerations when deciding whether to keep a company dormant or close it
An entity can formalise its dormancy by way of a liquidation process or by deregistering with the Companies and Intellectual Property Commission.
Crypto market study reveals 10 common risks to investors
The FSCA says the study will bolster its grasp on crypto asset activities, enabling the Authority to fine-tune its oversight and licensing strategies.
Tribunal sets aside debarment of rep who copied and pasted a client’s signature
An affidavit from the client contradicts the bank’s version that the representative acted fraudulently.
FSCA discloses how many crypto licence applications it is processing
Some 20% of the applications received by the end of October were withdrawn for various reasons.
Drive Trends Report identifies speeding as ‘worst driving behaviour’
Discovery Insure’s latest trends report reveals insights into driving behaviour, work commutes, and fuel efficiency.
Study looks at impact of grey-listing on stock market returns
The SA Reserve Bank says grey-listing is one of the reasons for the record outflows from the country’s capital markets.
SA investors more optimistic than global peers about their return prospects
Most investors believe we have entered a new era of policy and market behaviour and are adapting their strategies accordingly, Schroders research finds.
SIU recovers R317m in duplicate payments to lawyers from RAF
The Special Investigating Unit is also investigating millions more lost to corruption and maladministration at the Road Accident Fund.
Asisa statistics reveal the main source of insurance policy fraud
Sales fraud, where intermediaries write-up policies without clients’ knowledge to earn commission, constituted 57% of all fraud cases in 2022.
FATF releases report on SA’s progress with addressing compliance deficiencies
Following the re-ratings, South Africa is now deemed to be fully or largely compliant in 35 of the 40 Recommendations.
Average living annuity drawdown rate falls in 2022
Asisa says it is encouraging that the 2.5% to 5% drawdown rate made up the biggest income band by number of policies.
Enrol now at Moonstone Business School of Excellence for accredited qualifications
One of MBSE’s top students recommends the Advanced Certificate in Financial Planning to anyone who wants to further their studies in this field.
Insurance for individuals and SMMEs among the priorities for financial inclusion
The barriers to uptake include affordability, inappropriate distribution models, and lack of product knowledge, Treasury says.
