How the FSCA spent your levies
Levies from the financial services sector contributed R837 million (2020: R827m) to the FSCA’s revenue of R927m (R926m) in the year to the end of March 2021, according to the authority’s annual report. […]
MediCheck claims win as Discovery Health writes off up to R170m in ATB recoveries
Discovery Health has abandoned recovery action against more than 16 500 members, agreeing to absorb up to R170 million in overpaid ATB claims after sustained pressure from MediCheck,
Tribunal rules that FAIS Ombud failed to apply her mind to application for a court hearing
The Financial Sector Tribunal has given the FAIS Ombud a dressing down for failing to apply her mind to an application by an FSP and its representative to have a complaint brought against […]
Tribunal rules that FAIS Ombud failed to apply her mind to application for a court hearing
The Financial Sector Tribunal has given the FAIS Ombud a dressing down for failing to apply her mind to an application by an FSP and its representative to have a complaint brought against […]
Sanlam and Fedgroup join list of FICA offenders – are you next?
Sanlam Life and Fedgroup Life have become the latest life insurers to be fined by the SA Reserve Bank (SARB) for not complying with the Financial Intelligence Centre Act (FICA). Earlier this year, […]
Sanlam and Fedgroup join list of FICA offenders – are you next?
Sanlam Life and Fedgroup Life have become the latest life insurers to be fined by the SA Reserve Bank (SARB) for not complying with the Financial Intelligence Centre Act (FICA). Earlier this year, […]
Financial sector still bearing brunt of liquidations
The financial, insurance and real estate sector has seen highest number of liquidations in the year to date – even exceeding those in the hard-hit accommodation and catering sector. This is according to […]
Financial sector still bearing brunt of liquidations
The financial, insurance and real estate sector has seen highest number of liquidations in the year to date – even exceeding those in the hard-hit accommodation and catering sector. This is according to […]
Active managers outperform broad S&P index in first half of this year
Slightly more than half of local equity managers outperformed the S&P South Africa Domestic Shareholder Weighted Capped Index during the first six months of this year. This is according to the SPIVA Scorecard […]
Active managers outperform broad S&P index in first half of this year
Slightly more than half of local equity managers outperformed the S&P South Africa Domestic Shareholder Weighted Capped Index during the first six months of this year. This is according to the SPIVA Scorecard […]
New Asisa website encourages ‘meaningful discussions’ with advisers
The Association for Savings and Investment SA (Asisa) has launched a consumer education website that “encourages readers to use their newly gained knowledge to have a meaningful discussion with their financial advisers before […]
New Asisa website encourages ‘meaningful discussions’ with advisers
The Association for Savings and Investment SA (Asisa) has launched a consumer education website that “encourages readers to use their newly gained knowledge to have a meaningful discussion with their financial advisers before […]
The new rules around citizenship, exchange control and tax residency: part 1
The concept of “emigration”, as recognised by the Financial Surveillance Department of the South African Reserve Bank (SARB), has been phased out with effect 1 March 2021. This has created even more confusion […]
The new rules around citizenship, exchange control and tax residency: part 1
The concept of “emigration”, as recognised by the Financial Surveillance Department of the South African Reserve Bank (SARB), has been phased out with effect 1 March 2021. This has created even more confusion […]
Your competitive advantage with 1Life
1Life developed Vantage, our financial adviser application, to provide financial services that are an appropriate and affordable by using the best technology available. 1Life Vantage is one of the first comprehensive digital solutions […]
Satisfaction with medical schemes at six-year low – more members likely to buy down or opt out
As medical schemes announce their benefit changes and premium increases for 2022, the findings of a survey suggest that a significant number of members will move to lower-cost options or change medical schemes. […]
‘Digital load shedding’ will be bad news for remote workers
Millions of South Africans who rely on the quality of their cellular networks to work remotely will be in for a huge shock at the end of November if Icasa presses ahead with […]
New way to inform Sars that tax residency has ceased
The SA Revenue Service (Sars) has introduced a new declaration form that can be used to inform it that a taxpayer has broken South African tax residency, says Daniel Baines, manager at PwC […]
