The Prudential Authority has withdrawn its liquidation bid after progress on depositor repayments, but Ithala is still unlicensed and cannot resume deposit-taking.
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 […]
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 […]
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, […]
“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”; […]
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 […]
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 […]
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 […]
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 […]
Last week the CMS shared their concern that a significant number of schemes, which account for nearly half of the medical scheme population, have not applied for exemptions to regulations from the Council. […]
Last week the CMS shared their concern that a significant number of schemes, which account for nearly half of the medical scheme population, have not applied for exemptions to regulations from the Council. […]
A Fin24 report notes that Old Mutual has joined the other major insurers who opted to either provide interim financial relief or come to a settlement agreement with their business interruption customers. The […]
Financial literacy has long been an issue in South Africa. Developing a national savings culture, ensuring your client and consumers in general understand how to use credit responsibly and banking the un-banked are […]
Cybercrime continues to evolve, with new threats surfacing every day. Last year an Accenture study revealed a huge spike in cyberattacks on all fronts – banks, Internet service providers (ISPs), utilities and ecommerce […]
In a recent circular, the Council for Medical Schemes (CMS) prescribes requirements that must be adhered to by medical schemes for the assessment of annual medical scheme contribution increases, and benefit changes for […]
As a Key Individual, you are accountable for ensuring compliance with all relevant legislation applicable to your business. Keeping abreast of new regulations and changes to existing ones is indeed a formidable task, […]
As a Key Individual, you are accountable for ensuring compliance with all relevant legislation applicable to your business. Keeping abreast of new regulations and changes to existing ones is indeed a formidable task, […]
The Council for Medical Schemes (CMS) will be hosting live Webinars for Accredited Healthcare Brokers. The format of the webinars are three-hour sessions over two days, followed by a compulsory assessment on day […]
