PHA lays out its case as Bonitas managed-care handover nears
Private Health Administrators outlines how provider contracts, managed-care operations, and service commitments will work from 1 June.
Latest FATF review puts South Africa under a harsher spotlight
Treasury says the country already has most of the rules it needs; the challenge now is proving that institutions are using them effectively.
Fund rules prevail over ‘informal understanding’ in contribution dispute
The Tribunal says membership could end only in accordance with the fund’s rules, and WhatsApp exchanges did not amount to a valid withdrawal.
COFI could redraw the lines of accountability in umbrella funds
COFI’s outcomes-based framework may push governance responsibility beyond trustees and require umbrella funds to prove that members are better off.
Human error remains the biggest cybersecurity threat for dealerships
Panellists at the F&I Virtual Summit say most data breaches still begin with staff mistakes, despite growing investment in digital systems and compliance controls.
Sanlam’s inflows surge as product-mix shift puts pressure on new business margins
Growth was led by investment and life business, with a continued shift towards capital-light solutions reducing short-term new business margins.
AI impersonation exposes gaps in South African law
Existing legislation can offer some protection against deepfakes and fraud, but enforcement challenges and outdated frameworks leave victims vulnerable.
Clearer communication can prevent many motor insurance disputes
The NFO says proactive disclosure, better underwriting conversations, and stronger intermediary oversight will benefit customers and insurers alike.
Employers offset above-inflation pay increases by cutting benefits
Hybrid working, guaranteed bonuses, and fully paid parental leave are less common, even though employees rate them highly.
Code will change how estates and office parks handle visitor data
The Code emphasises proportional information processing in gated environments and aims to standardise lawful access-control practices.
Running out of time for CPD? MBSE says use the hours you already have
Advisers can reduce last-minute pressure by breaking the remaining hours into shorter, more manageable sessions instead of cramming courses into a final rush.
High Court warning to banks over rushed home auction valuations
The judgment strengthens constitutional protections for homeowners by rejecting speculative ‘drive-by’ property valuations used in foreclosure proceedings.
Parliament to assess fallout from certificate-of-need judgment
The Portfolio Committee will ask the Department of Health for a briefing on the implications of the Constitutional Court’s ruling.
NFO rules cancer claim turns on disease, not confirmation date
The life insurer could not rely on the date of the pathology report to deny cover after premiums had already lapsed.
On-site fuel storage may create hidden insurance exposures
GIB Insurance Brokers says firms storing larger fuel volumes on-site should ensure insurers are informed and that sums insured reflect the increased exposure.
Flood and fire claims dent Santam’s underwriting performance
The insurer anticipates additional claims from the recent storms in the Western Cape, although the full impact is not yet clear.
FSCA warns of Telegram groups impersonating financial firms
The regulator alerts the public to scammers who are abusing the names and branding of three authorised FSPs to solicit funds.
Foreign vehicles face new SARS border declaration rules
Foreign-registered vehicles entering or leaving South Africa will have to be declared on the Traveller Management System from 1 June.
