FIC finalises Guidance Note 7B after industry feedback
The final Guidance Note makes targeted changes, but the regulator’s feedback discloses how it weighed industry concerns and refined key aspects of the guidance.
RAF remains liable for medical expenses paid by schemes, SCA rules
The Court found that two later directives were issued as part of a ‘contrived stratagem’ to circumvent a binding judgment in favour of Discovery Health.
Tribunal upholds debarment over R1.1m ‘protection’ payments
The applicant’s own admissions supported Sanlam’s decision, and the section 14 process does not mirror a disciplinary hearing or a trial.
OUTA’s AARTO challenge shifts from legality to transparency
After RTIA disclosed details of the Appeals Tribunal, OUTA abandoned its urgent application but says it will continue probing the Tribunal’s appointments and accountability.
Kganyago: Stop betting on sports and start betting on growth
The SARB’s governor argues the country knows how to revive the economy; the real test is whether it has the resolve to implement the necessary reforms.
Labour Court upholds Santam dismissal in Covid policy dispute
The Court said financial inability to pay for PCR tests did not excuse continued absence or failure to follow return-to-work instructions.
High Court finds PIC board exceeded its powers
Chief executive Patrick Dlamini’s suspension was unlawful because the prescribed governance process was not followed.
Why investors are watching South Africa’s municipal elections
BLSA’s Busisiwe Mavuso says functioning municipalities are becoming as important to economic growth and investor confidence as energy and logistics reforms.
OPFA introduces dedicated form for section 13A complaints
Retirement funds are expected to submit fuller, better-documented complaints when pursuing employers over unpaid contributions and missing contribution schedules.
Banxso, Medbond, and Steinhoff drive FSCA penalties to R2.9bn
The Regulatory Actions Report shows how the Authority is combining penalties, licence withdrawals, and debarments to tackle serious misconduct.
Bonitas defends administrator switch after record financial results
Executives acknowledged the disruption caused by the June administrator switch while insisting the scheme’s long-term strategy remains on track.
FSCA sharpens focus on online harm and unauthorised advice
The regulator highlights how digital scams, referral models, and trading signals can pull consumers into unlicensed services.
FIC flags filing errors as RCR deadline closes
Many institutions have left registration too late, submitted the wrong documents, or filed branch returns instead of consolidated legal entity returns.
Sanlam adviser loses urgent application despite court’s finding on disputed ‘bobbejaan’ phrase
The High Court accepted the adviser’s explanation of an Afrikaans expression for interim purposes, but held that unresolved earlier allegations could still justify terminating his contract.
FIC proposes annual RMCP submissions for selected institutions
The draft directive will introduce a new recurring compliance obligation, with updated programmes also having to be lodged within 10 business days of approval.
FIC clarifies geographic reporting rules in final Directive 10
The Centre has refined the directive’s scope and addressed concerns over its legal basis, administrative burden, and practical application.
Moonstone verification credited with cutting regulatory exam fraud
The FSCA says enhanced identity checks have strengthened the integrity of the regulatory examination process and reduced impersonation.
Planning for survival: How medical advances are reshaping insurance claims
Old Mutual says advisers should focus more on the financial impact of surviving illness, as recovery increasingly brings prolonged income and healthcare pressures.
