20 October 2016
The Financial Services Board has fined Discovery Life and Regal Financial Services for contraventions to section 3A of the General Code of Conduct for Financial Services Providers. According to a Discovery Life spokesperson, the company has coop...
19 October 2016
At a media event in Cape Town today, members of the Road Accident Fund (RAF) highlighted that the current model in unaffordable. The fund has been insolvent since 1981. However, a new system of dealing with road accidents on South Africa’...
18 October 2016
Level 2 water restrictions were implemented in Cape Town on 1 January of this year. With the drought still ongoing and water shortages posing a challenge, the city has recommended the implementation of level 3 restrictions.
17 October 2016
Eskom will reportedly be the procurer for the nuclear build programme. However, there are concerns as to whether or not the state owned power entity will be able to fulfil its role. Chris Yelland, energy expert and managing director of...
16 October 2016
When things go wrong it is very easy to blame someone else. This week Finance Minister, Pravin Gordhan, blew the lid off “suspicious and unusual transactions” linked to the Guptas to the tune of R6.8 billion, and perhaps whatȁ...
16 October 2016
The delayed payments of death and retirement benefits by funds to members and beneficiaries is concerning. This is according to the 2015/2016 Annual Report released by the Office of the Pension Funds Adjudicator (OPFA). According to the report, ...
12 October 2016
A statement released by National Treasury this week, confirmed the receipt of a summons from the Hawks. The summons relates to charges of fraud (or alternatively theft) by Minister of Finance Pravin Gordhan relating to the early retirement of So...
12 October 2016
The Democratic Alliance (DA) has filed its founding affidavit in the Western Cape High Court to have Hlaudi Motsoeneng’s latest appointment to group executive of corporate affairs at the SABC declared invalid. At a media briefing, James S...
10 October 2016
Phishield has stepped up to provide insurance to protect digital information to the consumer. The insurance offers protection against fraudulent online purchases, card fraud, phishing scams, as well as fraudulent EFT funds transfers and in-...
10 October 2016
Pravin Gordhan, Minister of Finance, has been issued with a court summons for fraud by the National Prosecuting Authority (NPA).
9 October 2016
Bestmed is the latest medical scheme to announce its 2017 fee increase, which range between 9.89% and 12.35%.
9 October 2016
The latest Credit Bureau Monitor (CBM) released by the National Credit Regulator (NCR) revealed that there has been an increase in the number of credit defaulters. According to the results, credit facilities over the period decreased by R1.26 mi...
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