
FSCA withdraws SA Army Foundation licence, fines officials R44.7m
The Authority debars two senior officials for 30 years after finding unlawful financial practices linked to the SANDF group life insurance scheme.

The Authority debars two senior officials for 30 years after finding unlawful financial practices linked to the SANDF group life insurance scheme.

Recent COIDA amendments overhaul workplace safety, claims, and compliance rules, creating new obligations for employers and expanded rights for employees.

The Tribunal and the High Court delivered key decisions emphasising proportional enforcement and the proper use of transitional provisions.

The FSCA records a marked increase in new investigations in 2024/25, particularly those related to unregistered insurance business.

The huge penalties imposed by the FSCA and the Prudential Authority raise questions about the clarity and consistency of the factors influencing these fines.