The FSCA’s Lezanne Botha explains why signed forms and completed disclosures are not enough, and what evidence can show that advice was suitable and customers were treated fairly.
As South Africa prepares for a tougher FATF evaluation, FSPs must master risk-based compliance – balancing security, cost, and strong partnerships to target real threats and protect legitimate customers.
The High Court upholds a National Consumer Tribunal ruling that the dealer must refund the purchase price and pay a fine for breaching the Consumer Protection Act.
For the six months to June, Santam reports net income growth of 19%, with a underwriting margin of 11.3% – well above its target range.
Information officers should purge Form A from internal and public systems and replace it with Form 2 immediately.
CEO Clarence Nethengwe says arriving after rivals has given Old Mutual the chance to learn what customers really want in digital banking.
The updated guidance gives concrete examples of compliance failures and explicitly states that poorly documented RMCPs may be treated as non-compliant.
Ensure registrations and filings are finalised by 5pm on 8 September and back up all records – the old system will be retired after the upgrade.
The two-pot system has changed how members check balances and withdraw funds, but evidence shows the reform alone won’t fix long-term retirement shortfalls.
The proposal restricts the ‘bona fide inadvertent error’ defence under the understatement penalty regime to cases where the tax shortfall is a ‘substantial understatement’.
Designated employers must begin aligning their workplace demographics with the Employment Equity Act’s numerical targets from 1 September.
Old Mutual’s Michelle Acton tells IRFA delegates that Australia’s superannuation system provides a roadmap for boosting coverage and retirement outcomes.
While index levels look stable through September’s expiries, concentrated option exposures and rising fund-based covered-call strategies create a fragile backdrop for a sudden move.
COFI replaces the registration model with a conduct-focused licensing regime for retirement funds – a step that will raise governance, fit-and-proper checks and public disclosure requirements across the sector.
Every rand overpaid to SARS is an opportunity cost. Allocate refunds to debt repayment, savings, or retirement contributions for greater long-term benefit.
The SAVCA 2025 survey shows PE firms powering ahead with R26.6bn in investments, resilient portfolio growth, and a stronger focus on infrastructure, ESG, and transformation despite tougher fundraising conditions.
The Federal Circuit ruled most of the tariffs lack statutory authorisation but left the duties in place while the administration prepares an appeal.
Despite fears of mass withdrawals, early data shows most members are preserving their two-pot savings – a shift that could leave South Africans up to four times wealthier in retirement.
