Santam alerts advisers to email interception cyber scam
Provides guidelines on how to avoid being caught out.
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Treasury ‘needs to adjust’ Budget predictions following SA’s grey-listing
Grey-listing reduces a country’s GDP growth by between 0.5% and 1.5%, says economist Iraj Abedian.
Glacier by Sanlam on track to becoming SA’s largest LISP
Its asset base is expected to grow even further after the integration of Absa’s LISP business.
Medical schemes want pathology groups to pay back ‘excessive charges’ for Covid-19 tests
Health Funders Association files a complaint with the Competition Commission
Requirements for claiming a tax deduction for charity donations amended
Sars publishes a list of the additional information that must be included on the receipt.
Monday briefing: a round-up of recent financial services news
FSCA’s risk-based approach | Medical scheme in liquidation | CIPC to collect beneficial ownership info | SA ties with Russia ‘a risk’
Santam pays record R29.8bn in claims in 2022
Another year of high pay-outs following Covid in 2020 and the unrest in 2021.
Prudential Authority, 3Sixty Life reach an agreement over curatorship
High Court appoints Fagmeedah Petersen-Cook as the life insurer’s final curator.
SA hedge funds grow their assets by 30% in 2022
Industry hopes amendments to regulation 28, separating hedge funds and private equity investments, will boost inflows.
Asisa responds to two-pots deadline of 1 March 2024
The legislation may not be finalised until October this year.
Collective investment scheme assets once again exceed R3 trillion
It’s too soon to tell how grey-listing will affect the industry, says Asisa.
Where SA unit trust investors allocated their money in 2022
Investors took an interesting approach to last year’s rollercoaster investment environment, says Asisa.
Sarb has been planning for a possible total grid failure since 2015
‘An orderly’ closing and reopening of markets may be required.
Thursday briefing: a round-up of recent financial services news
Prosper Funeral Solutions in final liquidation | SA’s small tax base | Which president was worst for the rand?
This is South Africa’s best asset manager of 2022, according to the Raging Bulls
All the companies and unit trust funds that won trophies and certificates this week.
Keenan Ebden fined R1m and debarred for 15 years
More than 600 investors lost their money – some exceeding R1 million each.
Strong demand for funeral cover despite tough environment, says Clientèle
Financial services group red-flags higher-than-expected policyholder withdrawals.
