NFO rules cancer claim turns on disease, not confirmation date
The life insurer could not rely on the date of the pathology report to deny cover after premiums had already lapsed.
AI in financial advice: where investors draw the line
Morningstar’s behavioural study shows reactions hinge on the use case and on how advisers explain, govern, and remain accountable for AI-assisted work.
On-site fuel storage may create hidden insurance exposures
GIB Insurance Brokers says firms storing larger fuel volumes on-site should ensure insurers are informed and that sums insured reflect the increased exposure.
Flood and fire claims dent Santam’s underwriting performance
The insurer anticipates additional claims from the recent storms in the Western Cape, although the full impact is not yet clear.
FSCA warns of Telegram groups impersonating financial firms
The regulator alerts the public to scammers who are abusing the names and branding of three authorised FSPs to solicit funds.
Foreign vehicles face new SARS border declaration rules
Foreign-registered vehicles entering or leaving South Africa will have to be declared on the Traveller Management System from 1 June.
Referral fees and FAIS: when a lead becomes intermediation
The High Court’s decision shows how commission-style lead arrangements can be characterised as FAIS intermediary services, with enforceability consequences.
National Treasury defends draft capital flow regulations
Treasury and the SARB say the proposals are not intended to criminalise crypto possession and have extended the deadline to comment.
Taxpayers may use non-lawyer representatives, SCA rules
The judgment confirms that the Tax Administration Act and Tax Court Rules do not restrict appearances to admitted legal practitioners.
Temporary fuel tax cuts blunt impact of crude spike
The main pressure on petrol prices is coming from global crude markets and freight costs rather than taxes alone.
Hollard appeal bid fails after order to pay DBSA R11.5m
Leave to appeal was also refused in Hollard’s linked recovery case, where the Court ordered R39.8m to the insurer under indemnity and suretyship arrangements.
The office worker is not disappearing – but the job is changing fast
A new report suggests the next phase of AI will not simply automate tasks but reshape employee roles and change what companies value in their workforce.
Sanlam pivots towards partnerships as active management model shifts
The group says the industry is moving towards customised solutions, prompting it to hand active management to Ninety One and focus on alternatives, distribution, and emerging markets.
Momentum expands group cover access for HIV-positive members
The revised approach extends access to higher levels of death, disability, and income protection cover for qualifying members.
Santam names head for new India reinsurance business
The GIFT City operation, together with the Lloyd’s syndicate and Avatar acquisition, is part of the group’s move to broaden its risk base and underwriting capabilities.
State Street and Ninety One partner in active ETF push
The tie-up will begin with global equity and emerging market ETFs and is designed to widen access to active strategies across international markets.
Discovery Bank enters next phase of ‘super bank’ strategy
The bank says its AI-driven banking and fraud prevention systems have reduced fraud on flagged transactions by 85%.
Sanlam: clients need advisers’ counsel in a more fragmented world
Global shocks may be getting harder to forecast, and the real task is constructing portfolios that can withstand a wider range of outcomes.
