The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
The public’s response and attitude to vaccination against the various strains of the Covid virus is a hot discussion topic, and fertile ground for conspiracy theories. The Council for Medical Schemes (CMS) conducted […]
The public’s response and attitude to vaccination against the various strains of the Covid virus is a hot discussion topic, and fertile ground for conspiracy theories. The Council for Medical Schemes (CMS) conducted […]
“As at 24 October 2020, banks had provided over R50 billion in financial relief to South African businesses and individuals who are financially distressed due to the Covid-19 pandemic and national lockdown – […]
“The Covid-19 global pandemic has caused ripples through global financial markets as the virus continues to spread across the globe,” according to a Moneyweb article of 18 March 2020. Approximately one year down the line, […]
From strong net inflows of R123.2 billion for 2019, to record breaking net inflows of R213 billion in 2020, the local Collective Investment Schemes (CIS) industry recorded its highest increase ever in the industry’s […]
Policyholders and beneficiaries received claims and benefit payments worth R522.7 billion from South African life insurers in 2020. According to the long-term insurance statistics released by the Association for Savings and Investment South […]
Policyholders and beneficiaries received claims and benefit payments worth R522.7 billion from South African life insurers in 2020. According to the long-term insurance statistics released by the Association for Savings and Investment South […]
Justice delayed is justice denied. A recent determination, which resulted in the matter being referred to the Tribunal, underlines the validity of this old saying. A brief glance at the latest determinations published […]
Justice delayed is justice denied. A recent determination, which resulted in the matter being referred to the Tribunal, underlines the validity of this old saying. A brief glance at the latest determinations published […]
“The world has been significantly disrupted by the Covid-19 Pandemic which has set the us firmly on the path of no return. Consumerism has shifted to online channels to practice safer shopping. Holidays […]
Following the inquiry into allegations of unfair racial discrimination and procedural unfairness by medical schemes, the Council for Medical Schemes (CMS) in collaboration with the Health Professions Council of South Africa (HPCSA) will […]
In February 2021, the FSCA published a Notice to make the industry aware that the Directive to provide information (DPI) for 2021 is available for online completion and submission from 1 March 2021 […]
In February 2021, the FSCA published a Notice to make the industry aware that the Directive to provide information (DPI) for 2021 is available for online completion and submission from 1 March 2021 […]
“The motor vehicle dealers’ sector is a lure for criminals to hide their illicit proceeds, which poses a serious threat to South Africa’s financial system. Criminals can potentially launder large amounts of money […]
Submitting a false claim or exaggerating a genuine claim is seen as a “drop in the ocean” in the finances of insurance companies, but the reality is very different. “Many people think insurance […]
Submitting a false claim or exaggerating a genuine claim is seen as a “drop in the ocean” in the finances of insurance companies, but the reality is very different. “Many people think insurance […]
March is officially Consumer Rights Month. “Through laws such as the Financial Services Regulatory Act (FSRA), the Financial Advisory and Intermediary Services Act (FAIS), the Treating Customers Fairly (TCF) approach as well as […]
