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Weather-related catastrophes ‘signal a looming crisis’ for insurance market
Price increases will be necessary to fund the level of coverage policyholders have previously enjoyed, says Old Mutual Insure.
The government takes banks to task over what it sees as unfair lending practices, proposing mandatory disclosures of declined home loans.
Read morePrice increases will be necessary to fund the level of coverage policyholders have previously enjoyed, says Old Mutual Insure.
SARS responds to reports of hackers accessing practitioners’ eFiling profiles, removing clients, and changing banking details.
The onus lies with the FSP to prove the facts it relies upon to debar its representative on a balance of probabilities.
Brazilian reports spark speculation as South African authorities probe the circumstances surrounding Steynberg’s alleged death.
Bank Zero’s chief executive agrees that the Corporation for Deposit Insurance has the potential to boost the competitiveness of the new digital banks.
But a co-manager of the Equity Fund believes the domestic exchange offers compelling investment opportunities.
Over half of the awards issued by the Pension Funds Adjudicator for complaints about unpaid contributions were affected because part of the claim had expired.
The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.
The markets are pricing for a rate reduction next year, and headline inflation is expected to return to the midpoint of the target band only in the last quarter of 2025.
The group claimed R200m in VAT refunds for importing, storing, and selling diesel.
‘Banks should not simply cite reputational risk; reasons must be concrete and consistently applied to prevent what might appear as arbitrary account closures.’
It says the RAF board and executives should be held personally responsible for the expenses incurred in the ‘irresponsible’ court action against the Auditor-General.
The Authority responds to media statements by entities claiming to be the first or only licensed institutions.
The allocation to members’ Profit-Share Accounts soars from R620 million to R4.54 billion thanks to strong investment returns.
The group’s after-tax profit from its insurance business increased by 12%, with its funeral plans now covering more than 12 million lives.
Life insurance payouts rose in 2023, while Covid-19 claims fell sharply, indicating the virus’s shift from pandemic to endemic status.