No major cuts to government expenditure in MTBPS, says Godongwana
National Treasury’s approach is ‘moderate’ spending cuts and a ‘sustainable’ increase in borrowing.
Bonitas transition proceeds as administrators outline plans amid legal uncertainty
Sanlam and Momentum outline how they are managing workforce, operations, and risk as the Bonitas transition proceeds despite an unresolved court challenge.
Claim for interim maintenance of R128 298 a month is excessive, says judge
The High Court also rejects a wife’s claim for R300 000 to pay for renovations and furniture, saying Rule 43 does not provide for lump-sum payments.
FIC publishes new guide on how to register with the Centre
Public Compliance Communication 5D updates the content of PCC 5C to take account of the changes to Schedules 1 and 3 to FICA.
An enforceable restraint of trade – what the court considers
The Labour Court upholds a two-year restraint in a case involving two wealth management companies.
What customers are saying online about SA’s major insurers
One short-term insurer bucks the overall negative trend when it comes to the claims-handling process.
Landmark judgment to ensure fairer outcomes in divorce cases
The Constitutional Court’s ruling allows for the possibility of asset redistribution despite the content of a signed antenuptial contract.
Last chance to register for our FICA compliance webinar
The free webinar will equip accountable institutions to follow a risk-based approach, as required by the Financial Intelligence Centre.
Unpacking the tax implications for investments
The South African Institute of Professional Accountants’ Ettiene Retief provides insights on how individual investors can make smart tax-informed decisions for their investment portfolios.
Husband faces imprisonment if he doesn’t comply with interim maintenance order
The High Court finds him in contempt for not paying maintenance to his wife, who suffers from chronic medical conditions, and his children.
FSCA fines funeral insurance business for operating without a licence
The sanctions follow an investigation which found that the entity was not authorised and its clients were not underwritten.
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.
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.
