ConCourt clarifies scope of section 30P of the PFA proceedings
The Adjudicator breached audi alteram partem by making adverse findings about a Fund’s investigation without giving it a substantive opportunity to respond.
Levy increases for 2025/26 lower than initially proposed
Moonstone’s levy calculator enables FSPs to find out quickly how much they will pay to the FSCA, FAIS Ombud, and Tribunal.
Capitec joins Pick n Pay banking network
While other banks scale back, Capitec is expanding its footprint – joining Pick n Pay’s in-store banking and actively opening new ATMs nationwide.
Apex court clarifies timing of dependency test for death benefit payouts
The Constitutional Court rules that whether someone qualifies as a dependant must be determined as at the date of a retirement fund member’s death, not when the fund decides how to distribute the benefit.
SA’s growth outlook brightens – but personal inflation could dim the gains
Old Mutual’s Johann Els says rising personal inflation could quietly erode household finances and retirement savings – making it vital to save early and more.
Tax disputes: compliance and the interests of justice trump rigid timelines
The Supreme Court of Appeal found in favour of SARS despite it ignoring a 45-day timeline for more than a year.
FSCA publishes final Conduct Standard for benefit administrators
A breakdown of the provisions that are in effect now, and those that come into operation in six or 12 months.
Funds must fully verify dependency before allocating a death benefit
The Constitutional Court finds that a fund relied on unverified, one-sided information and failed to establish the extent of factual dependency.
Poly-jobbing is the new normal as young South Africans hustle to make ends meet
Old Mutual reports that 75% of 18-to-29-year-olds earn from two or more jobs, with social-media selling and small businesses playing a growing role in income strategies.
Former FSCA executive’s name forged in $150 000 surety bond scam
The FSCA has issued a series of warnings about schemes involving the impersonation of FSPs and a deepfake video featuring Springbok captain Siya Kolisi.
Understanding the CGT implications of convertible preference shares
Knowing whether your conversion is ‘fixed’ or ‘contingent’ is crucial to avoid unexpected capital gains tax bills.
Tribunal dismisses N-e-FG executives’ ‘restorative justice offer’
In exchange for their admissions, they sought to substitute their debarments with an undertaking to repay R470m in client losses.
Consumers can cancel a ‘voetstoots’ vehicle sale
A National Consumer Tribunal ruling confirms that selling a car ‘as is’ doesn’t nullify a buyer’s right to a refund or repair under the CPA.
COFI | Financial institutions should start their transition planning now
Early preparation will ensure agility and competitiveness once the new regime takes effect.
Community-owned bank placed in resolution as SARB steps in
Ditsobotla co-operative bank has been placed in resolution after the SARB cited regulatory breaches, financial losses, and governance failures.
LRA Amendment Bill caps dismissal remedies for high-income earners
The proposed changes limit employees earning over R1.8m a year to compensation – capped at their annual salary – for unfair dismissal claims.
FirstRand welcomes core ruling in UK commissions case
The group may have to adjust its R3.3bn litigation provision to accommodate the criteria of the regulator’s proposed redress scheme.
Pay and pension gaps leave women financially vulnerable in retirement
Discovery’s analysis shows that women retire with 21% fewer assets than men – driven by a 24% pay gap, unequal caregiving burdens, and conservative fund choices.
