Non-life insurers deliver strong performance in 2024 – KPMG survey
Disciplined underwriting, improved claims experience, and robust investment income helped non-life insurers to navigate structural headwinds.
SA plans framework to attract global investment-management business
The proposed SFC could create opportunities in international business for qualifying FSPs with the licences, systems, and controls required to participate.
SA’s economic future looks bleak without reforms, global resilience index warns
South Africa’s relatively high-risk score reflects governance, security, and structural weaknesses, while its moderate resilience suggests the potential to recover – if reforms are pursued.
Life insurance sector consolidates its recovery in 2024
KPMG’s survey shows broad improvement across major life insurers, driven by moderate premium growth, stronger investment returns, and efficiency gains.
SARB sanctions money transfer service for FICA non-compliance
The South African Reserve Bank cites deficiencies in Access Forex’s RMCP, customer verification, and staff training.
ASSA launches national Climate Index to guide risk management
South Africa now has a publicly available Climate Index, developed by actuaries and meteorologists, that tracks extreme weather events.
SA’s pension system holds firm on governance, falters on inclusion
The latest Mercer Global Pension Index says governments worldwide are attempting to steer private retirement fund assets into development goals.
SARB seizes vehicles and personal effects from Markus Jooste’s estate
The South African Reserve Bank declares five vehicles, jewellery, and art from the estate forfeit under the Exchange Control Regulations.
SCOPA presses former RAF CEO for firm commitment to appear before inquiry
SCOPA has issued a final call for former Road Accident Fund CEO Collins Letsoalo to confirm his attendance at its oversight inquiry, warning that a subpoena may follow if he fails to commit.
Parabolic gold: risk/reward is too high
Reduced available mine supply and massive ETF flows have driven a parabolic gold rally that is pushing the asset beyond traditional defensive risk/reward thresholds.
SCA: Bank’s settlement agreements circumvented the NCA’s protections
The Supreme Court confirms that any post-default restructuring of NCA-regulated loans must comply strictly with the Act.
Capital gains tax is ‘sabotaging South Africa’s economic growth’
CGT levies gains created by inflation and currency depreciation, eroding real returns and discouraging long-term investment, says the Free Market Foundation.
New Rules for Adjudicator emphasise efficiency, consistency, and COFI readiness
The draft Rules for the Office of the Pension Funds Adjudicator formalise existing procedures and align the OPFA with COFI and the cross-scheme framework.
Court finds Minister of Police liable for farm attack losses
The High Court has ruled the state liable for over R2 million after police ignored warnings and failed to protect a game farmer’s property and wildlife.
Year-end surge in FSCA warnings: watch out for unauthorised financial offers
The FSCA warns that fraudsters are ramping up, impersonating licensed providers, soliciting unrealistic returns, and even posing as the regulator itself.
R1bn RAF media spend under scrutiny as SCOPA flags irregularities
SCOPA’s inquiry uncovers questionable procurement decisions, unexplained overspending, and gaps in oversight that demand a forensic review.
Slight increase in life insurance policies in first half of 2025
Recurring-premium risk policies grew modestly, while the number of endowment policies and retirement annuities declined, ASISA statistics show.
MBSE launches tailored CPD packages for F&I professionals
MBSE combines conduct and regulatory modules with customer-service training – and offers discounts up to 30% for bundled purchases.
