3Sixty Life petitions Supreme Court of Appeal over final curatorship order
This follows the High Court’s decision confirming its earlier judgment.
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
Pension Funds Adjudicator’s creation of a new complaint unfair to the applicant
The Adjudicator also failed to apply the Pension Fund’s Act prescription provision correctly, tribunal says.
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Directors of Insure Group Managers take their debarments to the FST
Tribunal considers whether the insurers in some way gave their consent to IGM investing the premiums in illiquid assets.
How honest are South Africans when making insurance claims or applying for a loan?
Survey also reveals consumers’ anti-fraud preferences when transacting online with the financial services industry.
Court must rule on couple’s time of death to ensure correct beneficiary payment
High Court weighs witnesses’ testimony to decide whether a husband did, in fact, predecease his wife and beneficiary.
Increase in ‘slip and trip’ claims predicted over Black Friday weekend
Retailers should be advised how to mitigate the risk of public liability.
DA wants to change the Constitution to create a Cyber Commissioner
It says an entity tasked with safeguarding fundamental rights should be directly accountable to Parliament, not the executive.
NHI Certificate of Need booted into touch
In addition, High Court grants a costs order against the Department of Health.
Tribunal rules on Viceroy’s application against R50m penalty for Capitec report
Can the FSCA fine persons not domiciled within the jurisdiction of South Africa’s courts?
Ma-Afrika Hotels back in court with another business interruption case
The hospitality group says the lockdown restrictions discharged it from the liability to pay rent.
Tax change may increase the real cost of debt for credit providers
Companies that incur finance charges should also take note of a recent court case regarding the tax treatment of related or similar finance charges.
MPs accept refinements to omnibus anti-money laundering amendment bill
Trust practitioners are not happy that Treasury ‘ignored’ their proposals to undo the ‘devasting effects’ of the legislation.
Audit exemptions for retirement funds set to be tightened
FSCA proposes consolidated prudential standard for financial reporting requirements.
Why South Africa provides a fertile ground for funders of terrorism
The deficiencies in dealing with terrorism financing are putting the country at risk of being grey-listed.
Sabinet introduces integrated solution for streamlined access to financial regulatory instruments
Sabinet brings together a streamlined workflow by linking the regulatory instrument with the relevant legislation, as well as linked content by Sabinet’s product specialists for ease of use.
Tribunal rules on debarments linked to fall-out between retirement fund administrators
It also clarifies the relationship between the courts’ findings and the reconsideration application.
