SCA examines capitalised interest in applying the in duplum rule
Interest that accrues and remains unpaid does not escape the in duplum rule merely because it is capitalised.
Ithala pulled back from the edge, but its future remains in doubt
The Prudential Authority has withdrawn its liquidation bid after progress on depositor repayments, but Ithala is still unlicensed and cannot resume deposit-taking.
Court rejects fast-track repossession bid over disputed debt and flawed process
A High Court ruling has refused FirstRand’s summary judgment bid, signalling stricter scrutiny of debt claims, documentation, and enforcement processes.
Gambling figures mislead: SARB clarifies household spending trends
The Reserve Bank distinguishes between betting activity and losses, highlighting strong growth in online gambling but limited impact on overall household consumption.
SARS warns rogue staff: resigning won’t save you
SARS has frozen the assets of former officials, signalling that employees who betray the institution will be held accountable – even after they leave.
R2m fine as FSCA tightens net on unlicensed investment schemes
Twin enforcement actions show sustained pressure on unauthorised operators and market misconduct.
Cabinet clears draft AI policy for public comment
Approval of the draft AI policy signals a shift to structured oversight, with businesses urged to prepare for evolving compliance expectations.
Choosing your next step? Commerce offers a world of opportunities
As post-school study options come into focus, MBSE’s open days showcase flexible commerce pathways.
Godongwana appoints Thabiso Thiti as new FIC director
His five-year term begins in mid-April as the government looks to sustain momentum ahead of the upcoming FATF evaluation.
Non-responsive retirement funds face stricter action from Adjudicator
Summonses and subpoenas may be used to address non-cooperation by funds and administrators, as the OPFA seeks to improve the efficiency of its investigations.
Undisclosed referrals to a competitor FSP lead to debarment
Reconsidering the matter after a High Court remittal, the Tribunal finds the referral activity failed the fit and proper test.
Trustees urged to rethink private markets as impact and returns align
Naleni Govender says retirement funds need a more deliberate approach to private markets, with stronger due diligence, better partnerships, and clearer accountability.
Talaq no bar to civil divorce rights, High Court confirms
A Full Bench ruling clarifies that religious divorce cannot override access to interim maintenance and civil protections under South African law.
COFI Bill approved for submission to Parliament
Omnibus AML/CFT Bill also gets the nod for tabling.
Sasria reintroduces wrap cover with reduced limit
After a near five-year absence following the 2021 unrest, Sasria relaunches its wrap cover as a R500 million excess layer above the standard coupon.
Cartrack to pay R10m after consumer complaints trigger settlement
Cartrack will pay a R5m fine and refund over R5.1m to customers after 210 complaints prompted a regulatory probe.
FSCA to sharpen ESG disclosure rules as scrutiny shifts to conduct
Guidance under development signals stricter application of existing rules to sustainability claims and disclosures.
EV fire risk: low probability, high impact – and rising relevance for insurers
Rare but complex EV fire incidents are forcing insurers to rethink pricing, claims, and underwriting models.
