Ithala’s fate hangs in the balance amid legal battles and funding disputes
Ithala depositors remain locked out of their funds while disputes over frozen accounts, strategic alliances, and government guarantees deepen.
Africa Bitcoin places two executives on leave after debarments
ABC says the decisions relate to an alleged event in September 2022 and do not include sanctions against the company or its subsidiaries.
FICA non-compliance costs bank R10 million
Absa was fined R7m for inadequate customer due diligence and R3m for delays and closures of transaction monitoring alerts.
Exemption clears money market portfolios to invest in Zaronia instruments
The exemption waives the requirement for known-in-advance rates, letting money market portfolios invest in Zaronia-linked overnight placements.
Godongwana given 30 days to revise Budget after VAT reversal
The ANC and the DA present South Africans with different versions of what led to the decision to halt the increase.
Employment equity targets drop key safeguards from Solidarity deal
The final employment equity targets have sparked concerns over transparency and methodology in the absence of clear, evidence-based rationale from the Department of Employment and Labour.
New employment equity regulations raise the stakes for employers
With the 2025 Employment Equity Regulations now in effect, designated employers must align with stricter sectoral targets or face stiff penalties – unless they can justify non-compliance.
Under pressure: navigating the financial regulatory heat in 2025
Financial institutions that proactively embed governance, technology, and culture to meet evolving regulatory standards will not only avoid penalties but also strengthen credibility, build resilience, and drive long term value.
Amended POPIA Regulations tighten the screws on direct marketing
The recently gazetted amendments enhance the rights of data subjects and clarify the compliance obligations of responsible parties.
African Bank pays R500 000 fine for misleading marketing
The advert touted a personal loan as an ‘investment’, contravening Conduct Standard 3’s requirements for clear, fair, and factually correct advertising.
Remote signing recording secures claim against company’s sureties
The recording’s admissibility under RICA and common-law principles were key to overcoming allegations of forgery and invalid electronic execution.
Tax Court faults SARS in R158m VAT case over legal insurance fund
SARS’s stance on input VAT was overturned after the court found the fund to be the principal in an insurance agreement – not merely an agent.
No exemptions: all CASPs must adopt ‘travel rule’ directive
The FSCA and the FIC remind CASPs and FSP CASPs of the compliance requirements that take effect on 30 April.
What you need to know about credit scores
South Africa mainly uses two credit-scoring models, but they’re not identical. Understand how each model evaluates your financial habits, and how to improve your standing in both.
SCA dismisses former hedge fund manager’s bid to stay prosecution
The appeal court upholds the High Court’s finding that neither the prosecutorial delay nor Marc van Veen’s brain-tumour diagnosis warrant a permanent stay.
Five years to finalise an investigation and impose a sanction is ‘unreasonable’
The Tribunal says individuals who are subject to administrative action are entitled to fair processes that include the speedy finalisation of their matter
FSCA moves to simplify RA and preservation fund transfers
In response to industry calls, the Authority has drafted an exemption from the section 14(1) process for retail retirement funds.
Consumer Commission clamps down on dodgy car repairs
The Tribunal orders Cape Town Motor Repairs to refund a customer and pay a R100 000 fine after failing to complete vehicle repairs within the agreed timeframe.
