Vehicle recall scam alert – How it works
The Insurance Crime Bureau (ICB) previously issued a vehicle recall scam alert following a significant increase in the number of cases. It seems that this scam is still active and here is some […]
FSCA slaps Banxso and directors with record R2bn fine
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.
Vehicle recall scam alert – How it works
The Insurance Crime Bureau (ICB) previously issued a vehicle recall scam alert following a significant increase in the number of cases. It seems that this scam is still active and here is some […]
Debt levels and Covid-19 – Is the worst yet to come?
DebtBusters’ latest debt index for Q2 2020 reveals that South African consumers’ debt levels continued to deteriorate over the lockdown, with higher-income earners having unsustainable debt-to-income ratios. Benay Sager, DebtBusters’ chief operating officer, […]
Debt levels and Covid-19 – Is the worst yet to come?
DebtBusters’ latest debt index for Q2 2020 reveals that South African consumers’ debt levels continued to deteriorate over the lockdown, with higher-income earners having unsustainable debt-to-income ratios. Benay Sager, DebtBusters’ chief operating officer, […]
South African Crime Stats – Car hijacking shows huge increase
South Africa’s crime levels not only have an impact on individuals, families and communities, it also has serious financial implications, especially on the insurance industry as the increase in crimes lead to an […]
South African Crime Stats – Car hijacking shows huge increase
South Africa’s crime levels not only have an impact on individuals, families and communities, it also has serious financial implications, especially on the insurance industry as the increase in crimes lead to an […]
Insurance Fraud – Part of the South African trifle?
Recent announcements by the President and Minister of Finance conveyed the disgust of South African citizens with the rampant plague of theft and fraud permeating the country. A headline in Daily Maverick Citizen […]
The Value of Women – Still underestimated in the patriarchal world
August is Women’s Month, a reminder to highlight the contributions of women to events in history and contemporary society. Financial services group Liberty has recently launched a series of online conversations to unearth […]
Fintech Vision for South Africa – Progress update and Covid-19 impact
Earlier this year, the Intergovernmental Fintech Working Group (IFWG) Innovation Hub was launched to respond to changes in the financial sector driven by financial technology (fintech) and to promote responsible innovation in the […]
Fintech Vision for South Africa – Progress update and Covid-19 impact
Earlier this year, the Intergovernmental Fintech Working Group (IFWG) Innovation Hub was launched to respond to changes in the financial sector driven by financial technology (fintech) and to promote responsible innovation in the […]
Investment Analyst Awards – Financial Mail and IAS winners announced
Financial Mail Top Analysts Last week, the 51 awards in the 45th annual Financial Mail Top Analyst Awards were announced. This recognition, in association with Iress, the JSE, and the CFA Society South […]
Boards of Retirement Funds – Expiration of term of office not part of FSCA mandate
In a recent communication the FSCA reminded all Boards of retirement funds and their administrators of the binding force of a fund’s rules in terms of section 13 of the Pension Funds Act, 1956, […]
Future investment strategies – Turning towards global multi-asset funds
“While no one can predict the future with any certainty, there are features of today’s investment environment that we see as becoming important drivers of future returns. These are our “inescapable investment truths”; […]
Covid-19 Loan Guarantee Scheme reviewed – Now easier to access
National Treasury, the South African Reserve Bank and the Banking Association of South Africa, released an update on the Covid-19 loan guarantee scheme. The scheme was set up to help ease some pressure […]
Tribunal reduces METCI penalty by 70% – Finds that fund did not act recklessly
The Financial Services Tribunal has just handed down its decision on an application by MET Collective Investments (Pty) Ltd (METCI) for a reconsideration of an order made by the Financial Sector Conduct Authority […]
Cell captive insurance standard – In line with the fair treatment of financial customers
This week the FSCA published a revised draft Conduct Standard setting out requirements relating to third party cell captive insurance business. According to FSCA Communication 44 OF 2020 (INS), the main objective of […]
Cell captive insurance standard – In line with the fair treatment of financial customers
This week the FSCA published a revised draft Conduct Standard setting out requirements relating to third party cell captive insurance business. According to FSCA Communication 44 OF 2020 (INS), the main objective of […]
