Ex-fund manager found guilty of fraud for manipulating dollar/rand exchange rate
The prosecution’s case is that SA-born Neil Phillips engaged in a flurry of trades in the early hours of 26 December 2017 to force the rand below 12.50 to the dollar.
RAF faces claims surge if form falls
SCOPA says the RAF 1 form may have kept claims out of the system, leaving the Fund exposed to a wave of unrecognised liabilities if it is set aside.
Rep’s version of accessing client’s account ‘doesn’t ring true’, says Tribunal
The FST questions why he would take a call on his private cellphone from a friend of a friend and access confidential information without authority.
S&P Global in SA contravened requirements to disclose withdrawal of a credit rating
The contravention came to light during an on-site inspection by the FSCA.
Any parent is entitled to four months’ parental leave, rules High Court
The Court declared sections of the Basic Conditions of Employment Act and the Unemployment Insurance Fund Act unconstitutional for unfairly discriminating against mothers and fathers, and surrogate and adopting parents when it comes to ‘maternity leave’.
Sars says ‘sorry’ for threatening SMS, but …
The message was intended as ‘a genuine and helpful reminder’ to taxpayers to file their returns, the tax-collection authority says.
Retirement funds and death benefits: what options do beneficiaries have?
There is a major difference between pre-retirement and post-retirement funds regarding the nomination and payment of beneficiaries.
National Treasury proposes more changes to the two-pot retirement system
Delaying the implementation date and raising the seeding cap are among the announcements and clarifications.
Claims reflect surge in theft and hijackings of high-value vehicles
Swift corrective action has proved to be effective in reducing vehicle theft and hijacking claims to ‘acceptable levels’, Santam’s 2023 Insurance Barometer report finds.
Webinars on how to investigate misconduct and address poor performance
Bookings are open for Moonstone Compliance’s two free employment law webinars in November.
Here are the key features of the Capitec Education Fund
Students who enrol with MBSE have four options to fund their studies. In this article, we look at what Capitec offers.
Inquiries into insolvent Classic Financial Services unearth assets
The administration process of the insolvent estate of Classic Financial Services has yielded ‘numerous assets’, providing a glimmer of hope for creditors.
What consumers should know about vehicle repossessions
The Ombudsman for Banking Services sets out the legal position regarding prescription, repossession, and a voluntary surrender.
Health app introduces three firsts to the South African medical scheme industry
Discovery launches funded internet-based Cognitive Behavioural Therapy and telehealth services to address the alarming surge in depression.
Medical schemes that grew their membership by 5% or more in 2022
Preliminary data released by the Council for Medical Schemes highlights key trends in the industry last year.
Why business interruption insurance is a must in today’s turbulent world
Aon South Africa weighs in on why having BI insurance – and the services of a professional broker – is crucial for an organisation’s long-term survival.
Looming global confidence crisis: re-affirm your risk budget
Trends observed during four recent geopolitical events sheds light on how the Israel-Hamas War will impact economies, financial markets, and central banks.
Loadshedding takes centre stage in SA’s risk landscape
Loadshedding has surged to the forefront of insurance concerns, eclipsing traditional threats such as fire and theft, according to Santam’s 2023 Insurance Barometer.
