More asset manager consolidation ‘is inevitable’
Mergers and acquisitions will increase because the country’s low savings rate and stagnant economy cannot support the number of fund managers.
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.
US court orders SA ‘multilevel marketing scam’ to pay R32bn to victims
The order against MTI is in addition to the R65bn in penalties imposed on founder and CEO Johann Steynberg earlier this year.
A summary of Sars’s VAT modernisation discussion document
Sars has published a discussion paper on its intended modernisation of the VAT collection system, which will ultimately make VAT reporting faster and more transparent.
‘The free lunch from guarantees may come at a hefty cost’
Investors should remember that the price of the guarantee is not only in the return they lock in, but also in the future returns they give up by being out of equity markets.
Sanlam research delves into South Africans’ level of financial confidence
Most experience stress when managing their day-to-day personal finances.
Parametric-based business interruption cover proffered for SA’s ‘next pandemic’
Parametric insurance has traditionally focused on safeguarding against extreme weather events. Can it provide a solution for other threats?
Six reasons for making a commitment today to studying with MBSE in 2024
Why wait until January to set your New Year’s resolutions? Decide now to achieve your career goals with Moonstone Business School of Excellence.
Tribunal sets aside Capitec’s debarment of a rep who joined a competitor bank
The jurisdictional fact required for the debarment was absent.
How customer experience and social media are set to drive the short-term insurance industry
Old Mutual Insure’s Antonia Oakes shares her insights on the emergence of the ‘want it now’ culture and the evolution of the ‘experience economy’.
A clear case of an ambiguous policy wording?
The policy’s terms and conditions, read together with the schedule, did not make it clear that a tracking device was a requirement for theft/hijacking cover.
Online platform launched to report, identify, and prevent syndicate-driven scams
Fraudsters are making millions out of ancestry and commodity-trading scams, warns the Southern African Fraud Prevention Service.
Momentum Metropolitan buys RMI Investment Managers from OUTsurance
The transaction will give MMH higher indirect shares in several boutique asset managers, including Truffle and Perpetua.
Why I’ve increased the duration of my interest-bearing investments
The yields on three-to-five-year US and SA bonds are offering exceptional opportunities from a risk/return point of view.
Retirement fund must make up for a member’s lost investment growth
The member’s benefit was transferred from the money market investment into the fund’s business account.
Hard-pressed consumers dip into unit trust investments in second quarter
But reinvestments exceed net outflows, leaving the local collective investment schemes industry with an effective net inflow of R16bn.
SAIA launches online tool for consumers to check the status of a second-hand vehicle
The database from which information is drawn for VIN-Lookup does not contain a complete record of all salvaged and repaired vehicles.
Fraudsters pretend to represent Cyprus’s financial regulator
The FSCA’s latest warnings about entities that are impersonating authorised FSPs and stealing their licence numbers.
