Financial sector transformation: progress, but challenges remain
Life offices and asset managers exceed B-BBEE ownership targets, but face hurdles with employment equity targets, ASISA report finds.
SARS’s discretion to write off temporarily an amount of tax debt while a company is subject to business rescue will be reviewed.
Read moreLife offices and asset managers exceed B-BBEE ownership targets, but face hurdles with employment equity targets, ASISA report finds.
Microinsurers are no longer restricted to imposing a waiting period of three months for a death, disability, or health event resulting from natural causes.
The exceptions to the exposure limits do not apply when the limits are breached because distributions are re-invested, the FSCA says.
Moonstone Business School of Excellence equips financial professionals with CPD solutions for regulatory compliance.
Santam will ramp up efforts to tackle increased weather- and fire-related risks by implementing measures such as adjusting premiums and setting stricter risk limits.
The FSP conflated the requirements for debarment under section 14 of the FAIS Act with the requirements and procedure for a debarment by the FSCA.
Interpretation Ruling 1 of 2020 incorrectly brought an unclaimed benefit within the ambit of section 37C of the Pension Funds Act.
The JSE says Luxe’s former chief executive refused to acknowledge regulatory correspondence or co-operate with the investigation.
The suspicion that the third party’s vehicle contained material relevant to the taxpayer under investigation was sufficient for it to be searched, SCA finds.
ASISA attributes the growth to market performance and net inflows of R110 billion over the 12 months to the end of December 2023.
Sasria’s coverage limits may be insufficient for many large corporates, which will require additional cover in the form of a riot wrap policy.
The inherent risk of money laundering and terrorist financing for CASPs in South Africa is high, the report says.
The entities will co-operate to improve the level of submission of compliance reports.
The Budget Review suggests that National Treasury does not intend adjusting the tax brackets for at least another two years.
The National Financial Ombud’s jurisdiction will be expanded in phases to include the activities of all regulated financial institutions.
The commission urges clients to monitor transactions on their credit cards.