PA and Sarb apply for the final liquidation of Habib Overseas Bank
The curator finds there are no reasonable prospects that the bank can be rehabilitated as a going concern.
Tag: Curatorship
ConCourt judgment in Capitec vs SARS clarifies important VAT principles
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
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Habib curatorship unrelated to overseas banking crisis, says Sarb
Habib Overseas Bank has failed to comply with financial sector regulations, including strict exchange control rules, it says.
Prudential Authority, 3Sixty Life reach an agreement over curatorship
High Court appoints Fagmeedah Petersen-Cook as the life insurer’s final curator.
3Sixty Life petitions Supreme Court of Appeal over final curatorship order
This follows the High Court’s decision confirming its earlier judgment.
Supreme Court of Appeal rejects bid to overturn insurers’ liquidation
Did section 54(5) of the Insurance Act and the provisional curatorship orders preclude the final liquidation orders?
High Court judgment is not the end of the dispute over 3Sixty Life’s curatorship
3Sixty Life has registered its intention to appeal against the High Court’s decision to place the underwriter under final curatorship. The High Court also cancelled the appointment of Yashoda Ram as 3Sixty Life’s […]
Health Squared placed under provisional curatorship
The High Court in Johannesburg has placed Health Squared under provisional curatorship following an application brought by the Council for Medical Schemes (CMS). The provisional curatorship is effective from 8 September. The court-appointed […]
Health Squared’s liquidation application to be heard later this month
The High Court in Johannesburg has granted Health Squared leave to apply for voluntary liquidation on September 27. Read: CMS’s bid to strike a deal for Health Squared members fails In an order […]
CMS’s bid to strike a deal for Health Squared members fails
The bid by the Council for Medical Schemes (CMS) to strike a deal with seven open medical schemes, plus the Government Employees Medical Scheme, to on-board members of Health Squared without underwriting and […]
CMS says Health Squared didn’t stick to business plans designed to address problem areas
The Council for Medical Schemes (CMS) has published its version of the sequence of events that resulted in Health Squared’s finances deteriorating to the extent that it will apply for voluntary liquidation this […]
High Court lifts Thebemed curatorship
The Pretoria High Court lifted the curatorship on Thebemed Medical Aid Scheme on 27 May, the Council for Medical Schemes (CMS) has announced. The regulator said it brought the application to lift the […]
KeyHealth no longer under curatorship
The Gauteng High Court has lifted the curatorship of KeyHealth Medical Scheme, and the board of trustees was authorised to manage the scheme from 5 April. Council for Medical Schemes (CMS) chief executive […]
Non-compliance leads to curatorship for KeyHealth
In 2020, the KeyHealth Medical Scheme was placed under provisional curatorship as a result of certain corporate governance irregularities. “The journey of restoring governance at KeyHealth Medical Scheme continues,” according to the Council […]
Municipal Councillors Pension Fund under Curatorship
The FSB published the following media release on 20 December: On 19 December 2017, the Pretoria High Court granted an application brought by the Registrar of Pension Funds in terms of section 5(1) of […]
