Sasria wants an explicit guarantee that the state will be its reinsurer of last resort
The reinsurance market will remain hard for the foreseeable future, and most reinsurers believe another July 2021 is just around the corner, says chief executive.
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
UPDATED: Withdraw 2024 contribution increase announcements, regulator instructs medical schemes
Discovery has lodged an appeal against a Council for Medical Schemes directive to retract communication to members about its 2024 contribution and benefit changes.
Where does commission end and chargeable advice begin?
Billy Seyffert, the chief operating officer of Moonstone Compliance, will share his insights on remuneration models in the insurance industry at the upcoming FPI convention.
FSCA proposes to align waiting periods for microinsurers and traditional insurers
The waiting period restriction in the Policyholder Protection Rules puts microinsurers at a competitive disadvantage, the Authority says.
Former Edwafin CEO gets 10-year prison sentence for running a Ponzi scheme
Patrick Stapleton – former CEO of the notorious Edwafin investment company – was recently convicted and sentenced for running a Ponzi scheme, the workings of which seem oddly familiar.
The ins and outs of the short-term insurance industry: how to come out on top
Graduates share how MBSE’s Higher Certificate in Short-term Insurance helped them to master the terminology and basic principles of insurance.
Tribunal confirms JSE’s 20-year ban and R15m fine on Markus Jooste
The decision comes in the same week in which Steinhoff is due to be liquidated and delisted.
Participants in Open Finance must provide information to the FSCA
The information gathered by the study will help to shape the Authority’s Final Position Paper on Open Finance.
‘We do not need a BRICS currency,’ says Kganyago
A BRICS reserve currency might be more volatile than other currencies because it will be subject to five different fiscal policies, says Sarb Governor Lesetja Kganyago.
CIPC reminds companies to file their beneficial ownership information
The Commission will conduct inspections to verify the filed beneficial ownership information on record.
Global debt crisis looming? Significant fallout if it’s not contained
The government should realise that the days of debt-financed spending sprees and extravagance are over, particularly in the run-up to next year’s election.
Sarb governor says ‘naughty local governments’ are driving inflation
South African Reserve Bank Governor Lesetja Kganyago unpacks the risks to inflation and the country’s ability to surmount them.
Accountable institutions face being fined for not submitting their risk and compliance returns
The Financial Intelligence Centre sets a deadline for the many entities that have not complied with Directive 6.
An accountable institution must register with the FIC to submit a risk and compliance return
How to submit information accurately to the Financial Intelligence Centre in respect of Directives 6 and 7.
FPI announces finalists for Financial Planner of the Year award
The winner will be announced at a gala dinner on 14 November.
Hassle-free FSP levy calculator
Just enter one or two numbers – the spreadsheet does the rest.
Tribunal upholds JSE’s public censure of Trustco
The company did not inform shareholders timeously of the effects of a change to the terms of a loan.
