High Court orders Guardrisk to pay R15m construction guarantee
The construction company’s liquidation was a new trigger entitling NAD to call up payment, notwithstanding an arbitration award.
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.
Breaking the Codi – peace of mind comes at a price
Survey gives insight into what South Africans and their banks may have to pay when the nation’s first deposit insurance body becomes operational.
Impending climate phenomena could derail next year’s prospect of lower interest rates
As higher winter rainfall gives way to a hotter and drier summer, a leading asset manager predicts that El Niño could lead to higher food prices and interest rates, and the potential for social unrest in emerging markets.
Reminder of 31 July deadline to submit a return to the FIC
This applies to some of the persons who became accountable institutions in terms of the amendments to Schedule 1 of Fica.
When will Cofi be served?
The FSCA publishes its updated regulatory agenda for the next three years.
Employer liable for fund member’s reduced withdrawal benefit, says tribunal
FST does not accept submission that the impact of Covid on the markets absolved the employer of liability for the loss.
Don’t get your fingers burned – use accredited solar system installers
A fire at the Vodacom building in Cape Town has prompted insurers and the City of Cape Town to emphasise the importance of using accredited installers.
Deadline for credit providers to renew their registration draws near
Like the regulator’s annual renewal registration process, the National Credit Act is filled with potential pitfalls. MBSE’s online courses help you to master the requirements of the Act.
FSCA publishes policy proposals on Open Finance for comment
The risks associated with data-sharing and data use must be addressed.
CMS must provide BHF with a complete record of decisions on low-cost benefit options
Medical schemes industry body says it did not receive all the documents it requested for its case against the regulator.
Life insurers’ claim statistics reflect SA’s high murder rate
Claim statistics for 2022 paint a startling picture of the health and safety troubles facing the country’s youth.
Companies can exempt themselves from liability arising from employees’ theft
Law firms comment on the significance of the Constitutional Court’s judgment for exemption clauses in agreements.
Is a long delay between the notice of intention to debar and the debarment procedurally unfair?
FNB debars consultant who issued unauthorised letters stating a company was good for up to R900 million in credit.
FST upholds debarment of rep who committed fraud to buy food for her child
The former bank manager’s actions were driven by desperation, but the FAIS Act is not forgiving, the tribunal says.
Sars has its eye on the application of attribution rules in trusts
Trusts that have failed to comply with the rules are exposed to penalties and fines.
97% of claims settled: Sasria pays out over R32bn in wake of 2021 riots
Could have, would have, should have – The Unrest, a documentary capturing the unfolding events of the July 2021 riots, bring old hurts to the surface.
GEPF and other public sector funds ‘will be part of the two-pot system’
How accessibility and seeding will impact members of defined-benefit retirement funds.
