Godongwana appoints permanent FAIS Ombud
This comes after nearly three years of having an acting ombud.
Industry News
Moonstone Business School of Excellence launches training for FAIS representatives
MBSE’s RE 5 training is a comprehensive course designed to enhance your understanding of key regulatory frameworks and real-world applications.
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Sanlam and MTN’s financial services alliance gets the nod
The partnership will be implemented through MTN’s insure-tech platform, aYo Holdings.
Retirement fund members at ‘serious risk’ of losing R470 million in assets
Statutory manager says N-e-FG Administrators transferred money to third parties without the required mandates.
Important expenses not factored into the medium-term budget
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
Adjudicator takes retirement funds to task for ‘unnecessary’ complaints to her office
Delays in payment of withdrawal benefits and employers’ failure to pay contributions continue unabated, says Lukhaimane
Grey-listing: what are the implications for the financial sector and the greater economy?
It will become increasingly difficult to invest offshore, even for the wealthiest investors, says Anchor Capital.
Godongwana appoints permanent Chief Ombud
Leanne Jackson contributed to developing key financial sector legislation, including the Conduct of Financial Institutions Bill and TCF.
What medical schemes paid in broker commissions in 2021
Seven schemes paid commissions that were higher than the industry average.
Sabric’s crime stats lift the lid on fraudulent loan applications
Big jump in the number of fake applications for vehicle finance.
Judge ‘unscrambles an egg’: 20 years of property sales reversed
It started in 2001 when a bank bought the house for R100.
MTBPS: positive and prudent, but significant risks remain
Investors are likely to see the deficit and debt trajectories as tentative, given the risks that remain unresolved.
SA still has a chance of avoiding grey-listing, says Momoniat
‘Significant and real progress’ is being made in meeting the Financial Action Task Force’s requirements.
Why insurance premium increases are unavoidable
Santam’s executive head of commercial and personal intermediated business, Andrew Coutts, has issued a communication to intermediaries setting out the factors that have made premium increases unavoidable. Coutts said households and businesses have […]
Did grey-listing threat hasten Sarb to act against Markus Jooste?
The South African Reserve Bank (Sarb) this week moved to attach more than R1.4 billion in assets linked to former Steinhoff chief executive Markus Jooste, five years after it told Parliament it was […]
FSCA ends its 2021/22 financial year with a net deficit
The FSCA ended its 2022 financial year with a deficit of more than R4.9 million, after recording a surplus of over more than R30m in 2021, its latest annual report shows. The Authority […]
Decline in number of authorised FSPs
The number of authorised FSPs declined by 1.12% between 2021 and 2022, despite the FSCA approving more FSPs this year, the Authority’s annual report for the year to the end of March shows. […]
