Teething problems for NHI in South Africa
An article in Businesstech quotes the Free Market Foundation as saying that South Africa will need to make serious tax changes to be able to afford its proposed National Health Insurance (NHI). Funding […]
Bonitas transition proceeds as administrators outline plans amid legal uncertainty
Sanlam and Momentum outline how they are managing workforce, operations, and risk as the Bonitas transition proceeds despite an unresolved court challenge.
Rights of employers and employees in times of riots
The law firm Cliffe, Dekker Hofmeyer published a very relevant brochure titled A “workplace” on fire: What to do with your employees. This document discusses the rights and obligations of both parties in […]
Discovery official allegedly tried to influence outcome of board election
A senior Discovery Health official who was recorded while attempting to influence the outcome of a board election, has resigned. LA Health services about 91 000 employees in local government. Discovery, as its […]
Discovery official allegedly tried to influence outcome of board election
A senior Discovery Health official who was recorded while attempting to influence the outcome of a board election, has resigned. LA Health services about 91 000 employees in local government. Discovery, as its […]
Insurance cover for losses resulting from civil unrest
With extreme looting hogging the headlines, many people are asking whether losses are covered by their short-term insurance. This will, yet again, be something that we will have to educate the masses on […]
FAIS Ombud rebuked by Tribunal
In the FJ Kotze case heard on 5 July 2021, the Financial Sector Tribunal made several scathing findings against the Office of the FAIS Ombud, something that the newly appointed Ombud Council would […]
FAIS Ombud rebuked by Tribunal
In the FJ Kotze case heard on 5 July 2021, the Financial Sector Tribunal made several scathing findings against the Office of the FAIS Ombud, something that the newly appointed Ombud Council would […]
Ombud Council Board Appointed
The latest FSCA newsletter provides details of this very important oversight body, established in terms of the Financial Sector Regulation Act. This Act requires financial institutions to be a member of an industry […]
Ombud Council Board Appointed
The latest FSCA newsletter provides details of this very important oversight body, established in terms of the Financial Sector Regulation Act. This Act requires financial institutions to be a member of an industry […]
Debarment set aside on interesting grounds
The number of successful appeals for reconsideration of debarments makes one wonder how many travesties of justice took place before the Financial Sector Tribunal saw the light. Previously, there was no recourse but […]
Huge fines a serious warning to the industry
An FSCA press release on 8 July contains details of hefty administrative sanctions imposed on Momentum Wealth (Pty) Ltd and Momentum Collective Investments RF (Pty) Ltd for failing to comply with FICA requirements. […]
Digital signing – what do the numbers say?
Fig 1: E-signing uptake results In the second of my series analysing the results of the Moonstone digital engagement survey I unpack the digital signing stats which make for some interesting reading. Digital […]
Private Sector joins Government in Vaccination race
A Fin24 article relates how the private sector has joined the race to get the nation to herd immunity status as soon as possible. “As South Africa races against time amid a wildly […]
FSCA Guidelines on Electronic Signatures and Prepopulated Documents
The Conduct Authority has issued FSCA Communication 12 of 2021 (FAIS) as a result of a number of concerns relating to the use of electronic signatures in the course of rendering financial services […]
Are insurers the only bad guys when it comes to Covid-19 BI claims?
A prominent article in my early morning paper contained rather scathing comment on the short-term insurance industry, claiming that it was making a profit while its clients were languishing because their claims were […]
Are insurers the only bad guys when it comes to Covid-19 BI claims?
A prominent article in my early morning paper contained rather scathing comment on the short-term insurance industry, claiming that it was making a profit while its clients were languishing because their claims were […]
Regulatory Examinations – Business as Unusual
Some registered candidates enquired whether the regulatory exams (REs) would be affected by the recent increased measures to curb the spread of the Corona virus. Regulatory Examinations will continue within the framework of […]
