What constitutes “access-controlled” premises?
What does “access control” mean for the purposes of an insurance policy? The answer to this question was at the heart of a complaint that came before the Ombudsman for Short-term Insurance (Osti). […]
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
The case for simplifying policy wording
You, as an adviser, are legally required to explain all material clauses in a policy to enable your client to make an informed decision. What happens if some clauses are so clouded in […]
The case for simplifying policy wording
You, as an adviser, are legally required to explain all material clauses in a policy to enable your client to make an informed decision. What happens if some clauses are so clouded in […]
Compulsory vaccination increasingly likely
Making vaccination compulsory to enter workplaces and certain public spaces seems a certainty if the statements from the government, business and labour this week are anything to go by. In a televised address […]
‘Cyber risk is an opportunity for brokers to showcase their value’
The systemic nature of cyber risk provides intermediaries with an unprecedented opportunity to show-case their value to clients, Andrew Coutts, Santam’s head of Intermediated Distribution, told the recent InsureTalk18 online conference. It is […]
Life insurers pay 99.3% of all claims against fully underwritten policies
South African life insurers paid 99.3% of all claims against fully underwritten individual life policies in 2020 to a value of R20.6 billion. The 2020 death claims statistics for fully underwritten individual life […]
Coronation reports another year of net outflows
Coronation Fund Managers grew its assets under management (AUM) by 11% to R634 billion in the year to September 2021, from R569bn. However, it once again reported a net cash outflow of average […]
Three ways to think about money, risk and investing
Behavioural finance expert Morgan Housel, partner at Collaborative Fund and an award-winning author, was a speaker at the Allan Gray Investment Summit and the CFA Investment Conference this year. Housel, in almost identical […]
Financial Sector Laws Amendment Bill: another bureaucratic power grab?
It is questionable whether the much-vaunted “too-big-to-fail” benefits of the Financial Sector Laws Amendment Bill now before Parliament justify its far-reaching impingements on the rule of law, its dubious depositor insurance provisions and […]
Financial Sector Laws Amendment Bill: another bureaucratic power grab?
It is questionable whether the much-vaunted “too-big-to-fail” benefits of the Financial Sector Laws Amendment Bill now before Parliament justify its far-reaching impingements on the rule of law, its dubious depositor insurance provisions and […]
It’s ‘too soon’ for investors to panic over Omicron
Goldman Sachs, one of the world’s top three investment banks, does not think the emergence of the omicron variant of Covid-19 is sufficient reason to make major changes to investment portfolios. Meanwhile, James […]
Tribunal upholds JSE directive that Trustco must restate its financial results
The Financial Services Tribunal has upheld the JSE’s directive that Namibia-based Trustco must restate its financial statements for the year to 31 March 2019 and its interim results to 30 September 2019, because […]
Tribunal upholds JSE directive that Trustco must restate its financial results
The Financial Services Tribunal has upheld the JSE’s directive that Namibia-based Trustco must restate its financial statements for the year to 31 March 2019 and its interim results to 30 September 2019, because […]
Tribunal not impressed with how FNB debarred employee for the second time
The Financial Services Tribunal has expressed its disapproval of the way in which FNB debarred a representative – and it set aside the employee’s debarment for a second time. FNB dismissed and debarred […]
Tribunal not impressed with how FNB debarred employee for the second time
The Financial Services Tribunal has expressed its disapproval of the way in which FNB debarred a representative – and it set aside the employee’s debarment for a second time. FNB dismissed and debarred […]
National Consumer Tribunal pulls Onedebt MD’s debt counselling registration, issues R500k fine
The National Consumer Tribunal (NCT) has cancelled the debt counselling registration of the managing director of Cape Town-based Onedebt and fined him R500 000. The NCT found Johan Fourie guilty of numerous transgressions of […]
National Consumer Tribunal pulls Onedebt MD’s debt counselling registration, issues R500k fine
The National Consumer Tribunal (NCT) has cancelled the debt counselling registration of the managing director of Cape Town-based Onedebt and fined him R500 000. The NCT found Johan Fourie guilty of numerous transgressions of […]
