SCOPA says the RAF 1 form may have kept claims out of the system, leaving the Fund exposed to a wave of unrecognised liabilities if it is set aside.
The Financial Intelligence Centre (FIC), South Africa’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to the competent authorities, will be hosting various insightful webinars in November: […]
The Financial Intelligence Centre (FIC), South Africa’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to the competent authorities, will be hosting various insightful webinars in November: […]
New entrants, African Bank and Discovery Bank, claimed the first and last positions respectively in BrandsEye’s annual South African Banking Sentiment Index. In its fifth year of producing the Index, BrandsEye collected more […]
New entrants, African Bank and Discovery Bank, claimed the first and last positions respectively in BrandsEye’s annual South African Banking Sentiment Index. In its fifth year of producing the Index, BrandsEye collected more […]
Cheaper primary health insurance plans, which offer less cover than traditional medical scheme packages, require an exemption from the Medical Schemes Act by the CMS. In a recent ruling by the appeal board […]
South African short-term insurers and their clients are awaiting two very important outcomes next week: the Supreme Court of Appeal judgment in the Café Chameleon case involving Guardrisk, and the Ma- Afrika case […]
The Financial Sector Conduct Authority (FSCA) recently announced the following changes: ● The appointed of Mr Olano Makhubela to perform the functions of the Commissioner of the Financial Sector Conduct Authority (FSCA) for […]
The Financial Sector Regulation Act 9 of 2017 establishes the independent Financial Services Tribunal in terms of section 219 thereof. Upon application by aggrieved persons, the Tribunal is empowered to reconsider decisions of […]
The Financial Sector Regulation Act 9 of 2017 establishes the independent Financial Services Tribunal in terms of section 219 thereof. Upon application by aggrieved persons, the Tribunal is empowered to reconsider decisions of […]
The COVID-19 pandemic has caused much market uncertainty both locally and globally this year. Many investors choose to change their risk exposure during market uncertainty because their perception of risk has changed. But […]
The key findings of Just SA’s latest tracking study Retirement Insights 2020 reveal the knock in confidence suffered by South African retirees and pre-retirees as a result of COVID-19, which has altered their […]
Amid new technologies reshaping the financial services landscape, many financial advisers are questioning their future role. It is therefore important to take stock of our value-add to the client. “An intermediary plays an […]
“We believe medical Gap cover policies are likely to become increasingly important in the South African market, especially as medical aids continue to rein in expenditure, by reducing or limiting their level of […]
Independent intermediaries authorised by long- and/or short-term insurers to directly collect premiums are now exempt from certain provisions in the 1998 Short-term Insurance Act, 1998 Long-term Insurance Act and related regulations. The exemptions […]
COVID-19 has resulted in more digital transactions than ever before hence exponential increases in online fraud. Consequentially, the financial services industry has found itself battling to meet the thriving demand for greater digital […]
One of the major challenges facing the financial services industry is trying to keep up to date with the requirements of a plethora of regulators. This contains the very real threat of stifling […]
The 10X Investments’ Retirement Reality Report (RRR20) discussed last week, confirmed SA’s looming retirement crisis and delved deeper into factors affecting people’s retirement planning in South Africa. Looking at the role of employers […]
