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Home / Industry News / Page 50

Industry News

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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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SCA ruling highlights the legal pitfalls of loans among ‘friends’

The Supreme Court of Appeal’s recent decision underscores the critical importance of understanding ‘transactions at arm’s length’ under the National Credit Act.

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CEO ‘guilty of negligence’ after firm suffers R15m fraud

The loss equated to more than 20% of the company’s annual profit, based on the exchange rate at the time of the incident.

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How much tax you may have to pay to fund NHI

The substantial tax increases would have to be implemented in an already tough economic environment, says a report by FTI Consulting.

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Positive Budget bodes well for domestic bonds and equities

Old Mutual weighs in on how the Budget is likely to affect the country’s credit rating, economic growth, and the capital markets.

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Fiscal risks to SA remain despite government’s debt-containment measures

National Treasury continues to toe the line between fiscal continuity, consolidation, and declining revenues amid an increasingly stagnant local economy.

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Godongwana’s financial juggling is no substitute for economic growth

Whether the objectives as set out in the Budget are achievable will be determined by the government’s political will to anchor expenditure and put resources to better use.

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Forensic investigation at SAIPA is at an ‘advanced stage’

The apparent internal strife has not impacted the organisation’s membership or credibility, says board chairperson Prem Govender.

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Despite risk upgrade, South Africa faces commercial risk red zone

South Africa received a positive risk rating upgrade recently, but according to Allianz Trade’s Country Risk Atlas, the country still faces increased commercial risk due to temporary disruptions in demand.

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Airtime running out for direct marketers in violation of POPIA

The Information Regulator is set to issue its first enforcement notice because of a direct marketing complaint.

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Countdown to Budget Day: Will solar tax breaks be extended amid loadshedding turmoil?

As South Africans await the 2024 Budget Speech, a SAIPA tax specialist weighs in on the potential extension of the tax incentives for renewable energy.

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High Court rejects insurer’s ‘narrow interpretation’ of construction guarantee

If Hollard’s ‘contradictory’ interpretation were correct, it could never be held liable to make payment, says judge.

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Corporate loses R483 million in ‘deepfake’ conference call scam

The 13th Allianz Risk Barometer reveals that deepfake video technology, aimed at facilitating phishing scams, is now readily available online, priced as low as R377 a minute.

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Financial Intelligence Centre must hand over reports on EOH, KPMG, Steinhoff, and Tongaat Hulett

The Equality Court makes an order in an application brought by six natural and juristic persons whose bank accounts were closed by Absa and FNB.

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SA insurers losing most renewable energy project premiums to offshore firms

Lenders require that at least of 85% of the insurance programme is placed with A-rated insurance markets, says brokerage.

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Court orders Discovery to deduct maintenance payments from defaulter’s RA

The existence of the RA funds demonstrates that the husband was able to pay the arrear maintenance, judge says.

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Which banks offer the cheapest transaction accounts in South Africa?

Solidarity’s latest Bank Charges Report singles out the progress made by Nedbank regarding competitiveness and transparency.

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Sanlam gets the nod to buy distributor of luxury brands

S. Bacher & Company is a distributor and wholesaler of brands such as Tommy Hilfiger and Hugo Boss.

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