SAIA says international precedent exists, but insurers will need years of reliable data before drawing any conclusions.
In a media release last week, ASISA welcomed the public consultation process on the classification of inward listed instruments. This follows the statement issued by National Treasury, the SARB and the FSCA announcing […]
The Financial Sector Conduct Authority (FSCA) has identified a recurring trend where financial services providers fail to comply with section 11(2) of the FAIS Act and/or abuse section 11(1)(d) of the FAIS Act […]
The Financial Sector Conduct Authority (FSCA) has identified a recurring trend where financial services providers fail to comply with section 11(2) of the FAIS Act and/or abuse section 11(1)(d) of the FAIS Act […]
By Jan Wegelin and Neil Summers In recent months many of us have had to adopt a different rhythm to how we live and work. We changed the way we shop to online, […]
By Jan Wegelin and Neil Summers In recent months many of us have had to adopt a different rhythm to how we live and work. We changed the way we shop to online, […]
In a media statement on Tuesday, National Treasury, the South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA) announced their intention to review Exchange Control Circular 15/2020 issued by the […]
Another tragic fallout resulting from the Covid-19 pandemic is that a number of FSPs may be considering closing down. The FSCA published a Guidance Notice to assist such entities in complying with all […]
Another tragic fallout resulting from the Covid-19 pandemic is that a number of FSPs may be considering closing down. The FSCA published a Guidance Notice to assist such entities in complying with all […]
Guardrisk and Santam found themselves at the wrong end of the outcomes in two Cape High Court cases last week. On Tuesday, a full bench of the court ruled that Santam was liable […]
In a recent joint statement released by the South African Reserve Bank, Financial Sector Conduct Authority, Payments Association of South Africa and the Banking Association South Africa, all stakeholders are requested not to […]
In a recent joint statement released by the South African Reserve Bank, Financial Sector Conduct Authority, Payments Association of South Africa and the Banking Association South Africa, all stakeholders are requested not to […]
On Friday, the Financial Sector Conduct Authority (FSCA) published a draft declaration of crypto assets as financial products. “Globally there is rapid growing interest by retail investors to purchase crypto assets. South Africa […]
Following the Cape High Court finding that Santam was liable to pay qualifying policyholders under the Business Interruption clause related to contagious diseases, the biggest insurer indicated on Friday that it would appeal […]
One of the stories that trended in the media the past week was changes to exchange control regulations, with the 30% foreign investment cap effectively lifted in certain conditions and foreign exchange-traded funds’ […]
Before the COVID-19 pandemic, the South African Short-Term Insurance market was on a strong growth trajectory, increasing by a solid 4.3% in insurance premium volumes, between 2018 and 2019. However, similar to the […]
2020 has been a tough year and many people are looking for ways to decrease their expenses. Many have considered it, and some have already cancelled their car insurance to ease the financial […]
As a result of increasing concerns that consumers are potentially experiencing poor outcomes emanating from the sale of add-on insurance policies at point of sale through motor dealerships or as part of vehicle […]
