Sygnia grows assets under management despite net outflows doubling
Introducing prescribed assets for retirement funds won’t solve South Africa’s solvency problems, directors say.
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
Individual auditors can be fined up to R10m for improper conduct
The Minister of Finance has re-issued the Notice setting out the maximum fines, after inserting the omissions.
Two more charged in connection with BHI Trust Ponzi scheme
The Hawks have indicated that further arrests are likely in the wake of the apprehension of Rubicon director Sona Pillay and Global & Local founder Michael Haldane.
Research points to the need for regular reviews to ensure a living annuity will last
Simply setting an initial low percentage drawdown and hoping for the best is unlikely to result in a stable income in real terms, ASSA finds.
Loadshedding: ‘It is going to be a tight winter’
Old Mutual Insure unpacks the impact of loadshedding on the insurance industry and the outlook for a stable electricity supply.
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Wife organised hit on her husband to get insurance policy payouts
The three teenagers hired by Kedibone Nyathi testified for the State after their conviction and sentencing.
Solar panel surge holds opportunities and risks for insurers
Old Mutual’s Clive Hogarth says insurers need to ask critical questions about the quality of installations.
Here are the filing deadlines for the 2024 tax season
Auto-assessment notices will be sent out from 1 July, SARS says.
Eastern Cape floods: Santam receives more than 250 claims
The number of claims is expected to rise, and storm-hit policyholders in KwaZulu-Natal will also be filing claims.
Final report on racial profiling allegations ‘to be released soon’
Nearly four years since the investigation into allegations of racial profiling began, the Council for Medical Schemes has indicated that the final report is almost complete.
Ninety One’s AUM dips again, but net outflows lower than in 2023
The higher-for-longer interest rate environment has kept investors away from risk assets, particularly in emerging markets.
Momentum Metropolitan reports jump in single-premium business
The reduction in the number of tied agents knocked recurring-premium sales, the group says in a trading update.
Discovery Insure faces social media uproar after personal data breach
Criminals are impersonating policyholders and requesting copies of their policy schedules and claims histories.
Dis-Chem agrees to buy 50% stake in insurer OneSpark
The acquisition is in line with the group’s strategy to develop a portfolio of health-centric financial services products.
Essential role of intermediaries in safeguarding against underinsurance
Effective communication and diligent advisory practices by intermediaries can shield clients from the consequences of underinsurance.
Constitutional Court to rule on remission of interest post-VDP agreement
The decision could set a precedent for taxpayers seeking relief from interest after reaching a Voluntary Disclosure Programme agreement with SARS.
