Santam pays record R29.8bn in claims in 2022
Another year of high pay-outs following Covid in 2020 and the unrest in 2021.
Appeals Board ruling puts Centriq–Dis-Chem partnership on the line
In Circular 48, the CMS signals tougher enforcement against exempted insurers, warning that non-compliant branding and failure to notify regulators will attract decisive action.
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.
Cybercrimes and business interruption: what to look out for in policies
Many businesses are operating under the false belief that their insurance policy adequately covers data security and privacy exposure.
Risks of global stocks are high – is a fallout looming?
Soaring global equities should be seen in the context of the business cycle.
Grey-listing will have a big impact on insurance industry, says law firm
National Treasury says it hopes to get South Africa off the list before January 2025.
How is grey-listing likely to affect South Africa?
No surprise as the Financial Action Task Force adds SA to its list of countries under special scrutiny.
Treasury responds to FATF action plan for SA to fix its ‘dirty money’ problems
Treasury expects grey-listing will have ‘a limited impact’ on financial stability and the costs of doing business with South Africa.
Monday briefing: a round-up of recent financial services news
UT managers fight for market share | Coronation faces huge tax bill | MyMo accounts scandal | Insurance fraud | Discovery’s interim profits
