How SA’s insurance scheme for bank deposits will work
Secondary legislation is required for the Corporation for Deposit Insurance to become operational in 2024.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreSecondary legislation is required for the Corporation for Deposit Insurance to become operational in 2024.
Habib Overseas Bank has failed to comply with financial sector regulations, including strict exchange control rules, it says.
Comparison of fees shows that PayShap is not necessarily the cheapest way to transfer money.
‘An orderly’ closing and reopening of markets may be required.
Accountable institutions are expected to fulfil their compliance obligations
Three things to note when it comes to customer due diligence and assessing money laundering and terrorist financing risk.
Withdrawals from the savings and retirement pots will be taxed in different ways.
ANC resolves the central bank should support the economy through providing solutions to unemployment.
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 […]
The SA Reserve Bank will shortly issue a draft sketching an ESG disclosure framework for the financial services organisations that it supervises.
Most economists who participated in a poll by Reuters expect that the South African Reserve Bank (Sarb) will raise the repo rate by 75 basis points this week. Of the 20 economists polled […]
Life insurers will have to incorporate beneficiaries as a risk factor when determining a client’s overall money laundering and terrorist financing (ML/TF) risk, according to a proposed directive published for comment by the […]
The South African Reserve Bank (Sarb) has asked legal advisers to President Cyril Ramaphosa to respond by September 8 to requests for further information as it probes the theft of foreign currency from […]
South Africa should make the R350-a-month Social Relief of Distress (SRD) grant permanent, increase the rate of value-added tax from 15% to 17%, and reform the “distortive” personal income tax system, the Organisation […]
The FAIS Ombud, Advocate Nonku Tshombe, says it is impossible to blame the collapse of the Sharemax property syndications on the intervention of the South African Reserve Bank (Sarb) unless “pertinent questions” about […]
EFF MP Floyd Shivambu lambasted South African Reserve Bank (Sarb) Governor Lesetja Kganyago for not responding to a letter asking the central bank to confirm or deny whether President Cyril Ramaphosa had disclosed […]