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Home / Industry News / Page 17

Industry News

Videos

Video interview: New mutual insurer enters the market

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Key regulatory and compliance developments: looking back at 2024 and what’s ahead in 2025

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Issues around Budget 3.0 with tax specialist Louis Botha

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Tax adjustments, debt concerns, and relief measures: a look at the Budget that wasn’t

A postponed Budget Speech means uncertainty for taxpayers, but the VAT hike and personal income tax adjustments offer insight into the government’s fiscal strategy.

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Health Minister signals opposition to low-cost benefit options for medical schemes

In its long-awaited report, the Council for Medical Schemes says its preferred recommendation is not to introduce LCBOs.

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PA report contradicts Ithala and KZN Treasury’s solvency claims

A PA-commissioned solvency report questions Ithala’s financial health, raising concerns about its equity, loan book, and potential shortfall in repaying depositors.

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BHF slams CMS report on LCBOs as flawed and politically motivated

The Board of Healthcare Funders questions the timing and content of the CMS’s report, claiming it ignores stakeholder input and the opposition to low-cost benefit options is politically motivated.

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Expired driving permit was not material to the loss, non-life ombud rules

The insurer argued the hijacked vehicle should not have been on the road because the driver’s PrDP had expired.

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Minister proposes interim framework for collective healthcare tariff-setting

The Board of Health Funders has ‘serious reservations’ about giving the Department of Health the power to manage the block exemption negotiation process.

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The dark side of digital romance: how ‘pig butchering’ scams are targeting daters

From fake love to stolen funds, romance scams powered by AI and cryptocurrency are on the rise – find out how to protect yourself from this growing threat.

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Old Mutual chief executive to take early retirement

Following 32 years with Old Mutual and nearly five as CEO, Iain Williamson is stepping down in August.

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Warning of impersonation scam involving Nampak

The FSCA also advises the public to be cautious of World Option Crypto and JoziEx.

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US bonds: when a dead asset comes alive

With the risk premium of bonds relative to equities at a 20-year low, US bonds – particularly medium-term ones – are regaining their relevance in diversified investment portfolios.

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MPs push for deeper financial sector transformation

The Finance and the Trade and Industry committees will engage with roleplayers from across the sector before finalising a report that will be tabled in Parliament.

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More arrests in Steinhoff saga as executives face justice

The arrest of two more former Steinhoff executives ties back to a fraudulent scheme involving a handwritten note by Markus Jooste.

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Broker’s acknowledgment of debt falls outside National Credit Act

The High Court overturns a lower court’s decision in favour of a financial adviser whose commissions were clawed back.

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SA issues first terrorism-related freezing order under amended law

The FIC has directed financial institutions to freeze the designated assets and comply with reporting requirements under FICA.

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Healthcare coalition says NHI is ‘unfeasible’, proposes alternative route to universal health coverage

The Universal Healthcare Access Coalition – which includes healthcare professionals and funders – contends that a single tax-funded system cannot effectively provide universal medical coverage.

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Majority judgment ‘does not alter’ RAF’s liability for medical scheme members’ claims

The High Court in Cape Town rejects the Road Accident Fund’s contention that the Mlambo judgment has altered the legal landscape.

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Alexforbes reports R7 billion in two-pot system withdrawals

It says 47% of members intend to make future claims – with 34% of those who have already claimed planning to do so again.

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