‘State capture transactions’: Nedbank to pursue counterclaims
Transnet and the SIU institute legal proceedings against Nedbank to set aside interest rate swaps that occurred when the SOE was advised by Regiments Capital.
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Animated video explains the two-pot retirement system
NCA Credit providers’ FICA obligations
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Is South Africa on track to getting off the grey list?
Looking back at this year’s FPI Professional’s Convention
Enhance your HR skills by attending our insightful webinars in November
Webinars on how to investigate misconduct and address poor performance
Two pots: how withdrawals from DB funds will differ
Actuarial calculations may affect the costs and time for defined-benefit fund withdrawals, depending on the rules of the fund and the complexity involved.
Government invests R282 billion and earns R1 million in dividends
Of six state-owned companies, only one has paid a dividend over the past five years.
Nedbank will defend itself in legal action related to ACSA transactions
The bank also says it closed the accounts of some 190 clients in 2023 following ‘reviews of client activity and related reputational risks’.
South Africa faces economic headwinds as Fitch rating reflects concerns
Fitch’s recent affirmation of the country’s BB- rating underscores concerns about weak GDP growth, power shortages, faltering logistics, and a rising government debt-to-GDP ratio.
Transnet Retirement Fund interdicted from paying R8.9m in benefits to former executives
They are accused of inflating the price of disposable breathalyser straws from 29 cents to R29.99 a straw, resulting in a payment of R33.8m.
Organised crime and illicit trade are sucking billions out of the economy
The lockdowns provided illicit traders with a golden opportunity to expand their activities, report says.
Trustees of non-PFA fund not bound by a member’s nomination form
A reviewing body will have grounds to intervene only if a fund fails to take into account relevant considerations and ignores irrelevant considerations.
South Africa is at high risk, but not only on the downside
The country is in a position similar to the one it was in before the apartheid system collapsed.
High Court considers the meaning of ‘sudden’ in R7m liability claim
Transnet took Santam to court to recover the costs of rehabilitating soil contaminated after thieves broke into a fuel pipeline.
