PA report contradicts Ithala and KZN Treasury’s solvency claims
A PA-commissioned solvency report questions Ithala’s financial health, raising concerns about its equity, loan book, and potential shortfall in repaying depositors.
Viceroy | FSCA wants the power to serve foreign operators digitally
The Authority invites interested parties to participate in High Court proceedings that will decide whether it may impose penalties on foreign individuals without physically serving documents in South Africa.
BHF slams CMS report on LCBOs as flawed and politically motivated
The Board of Healthcare Funders questions the timing and content of the CMS’s report, claiming it ignores stakeholder input and the opposition to low-cost benefit options is politically motivated.
Expired driving permit was not material to the loss, non-life ombud rules
The insurer argued the hijacked vehicle should not have been on the road because the driver’s PrDP had expired.
Minister proposes interim framework for collective healthcare tariff-setting
The Board of Health Funders has ‘serious reservations’ about giving the Department of Health the power to manage the block exemption negotiation process.
The dark side of digital romance: how ‘pig butchering’ scams are targeting daters
From fake love to stolen funds, romance scams powered by AI and cryptocurrency are on the rise – find out how to protect yourself from this growing threat.
Old Mutual chief executive to take early retirement
Following 32 years with Old Mutual and nearly five as CEO, Iain Williamson is stepping down in August.
Warning of impersonation scam involving Nampak
The FSCA also advises the public to be cautious of World Option Crypto and JoziEx.
US bonds: when a dead asset comes alive
With the risk premium of bonds relative to equities at a 20-year low, US bonds – particularly medium-term ones – are regaining their relevance in diversified investment portfolios.
MPs push for deeper financial sector transformation
The Finance and the Trade and Industry committees will engage with roleplayers from across the sector before finalising a report that will be tabled in Parliament.
Funeral home fined R11.4m for unauthorised insurance business
The two directors were debarred for 20 and 10 years, respectively.
More arrests in Steinhoff saga as executives face justice
The arrest of two more former Steinhoff executives ties back to a fraudulent scheme involving a handwritten note by Markus Jooste.
Broker’s acknowledgment of debt falls outside National Credit Act
The High Court overturns a lower court’s decision in favour of a financial adviser whose commissions were clawed back.
FIC publishes revised RMCP guidelines
Guidance Note 7A provides further guidance to accountable institutions about their Risk Management and Compliance Programme obligations.
SA issues first terrorism-related freezing order under amended law
The FIC has directed financial institutions to freeze the designated assets and comply with reporting requirements under FICA.
Healthcare coalition says NHI is ‘unfeasible’, proposes alternative route to universal health coverage
The Universal Healthcare Access Coalition – which includes healthcare professionals and funders – contends that a single tax-funded system cannot effectively provide universal medical coverage.
Healthcare costs are rising – but so is the need for cover
Medical inflation and increasing health demands are making healthcare more expensive. Instead of cancelling your medical scheme, here’s how to adjust your plan to stay covered without breaking the bank.
Majority judgment ‘does not alter’ RAF’s liability for medical scheme members’ claims
The High Court in Cape Town rejects the Road Accident Fund’s contention that the Mlambo judgment has altered the legal landscape.
