It’s all systems go for Sanlam and Allianz’s pan-African joint venture
The merger of their African operations will create an insurance giant with a combined group equity value of about R35bn.
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.
Earn CPD points while becoming cybersecurity smart
MBSE’s cybersecurity series provides the knowledge and tools you need to protect personal and business information from cyber threats.
Director fails to halt publication of JSE censure that includes R2m fine
JSE releases its findings of Khalid Abdulla’s role in AYO’s related-party transactions with 3 Laws Capital and changes to its 2018 unaudited interim results.
Nedbank attempts to join law firm as defendants in R2.94m email fraud case
Couple allege the bank said it would freeze the account when it became aware of the fraudulent transaction.
ConCourt will hear Coronation’s application for leave to appeal against R716m tax ruling
The outcome of the case could have far-reaching tax implications for SA companies with offshore operations.
CMS training for newly appointed trustees of open medical schemes
The induction programme takes place online over two days.
FSCA names employers that owe retirement fund contributions
The document lists 3 262 employers that are at least four months in arrears – and the worst offenders are 20 years behind.
Income distributions to non-resident beneficiaries may be taxed twice
An amendment to the Income Tax Act makes it easier for Sars to collect taxes owed by tax non-resident beneficiaries of South African trusts.
Dis-Chem disputes Information Regulator’s findings about data breach
IR orders retail pharmacy chain to secure customers’ data and comply with Popia or face a fine of up to R10 million.
Peter Moyo loses final legal battle against Old Mutual
Constitutional Court refuses the former chief executive’s application for leave to appeal in his claim for R250m in damages.
‘Unparalleled’ co-operation is needed to exit FATF grey-list
The Commissioner of the FSCA shares his thoughts on South Africa’s battle against money laundering and the road to regaining international trust.
Underwriting actions are bearing fruit, says Santam
Interim profit from conventional insurance almost doubles despite significant claims for fires, floods in the Western Cape, and earthquakes in Türkiye.
GIBS publishes anti-corruption guide for companies
The working guide proposes 38 central principles that a company can incorporate into an anti-corruption policy.
Representative debarred for submitting falsified Uber receipts
The Tribunal reiterates that FSPs should not issue a debarment purely on the outcome of a disciplinary hearing.
FSP ‘failed to act’ against reps implicated in hundreds of policy fraud cases
Mbalane Financial Services tells the Tribunal it was entitled to wait for a final forensic report from Old Mutual.
Opposition MPs criticise Sarb for ‘narrow’ Phala Phala investigation
Bringing foreign currency into the country is regulated by the customs and excise legislation and falls under Sars, Kganyago tells MPs.
