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Bonitas preserves financial stability and reserves in a weak economy

Bonitas Medical Fund reported its financial results for 2019, announcing bolstered reserves of R4.3bn during extremely difficult trading conditions...

Issued by Bonitas 5 hours ago

SA ruling on Covid-19 business interruption insurance influences UK regulator

While South Africa's courts and regulators often turn to foreign law for guidance, the roles have been reversed for once. In a test case for Covid-19-related business interruption insurance claims in the United Kingdom (UK), its Financial Conduct Authority (FCA) is being influenced by a recent court judgment in South Africa...

29 Jul 2020

Managing finances during Covid-19

The phased stages of lockdown and the surge in infections that we are seeing are bringing us closer to realising that things will not return to normal any time soon. As we begin to look for ways to rebuild our economy and try to find ways to repair our finances, planning for the unknown future that awaits us has become pivotal...

Issued by MiWayLife 13 Jul 2020

Proposed amendments to FICA schedules

On 19 June 2020 the Minister of Finance, in terms of the Financial Intelligence Centre Act, 38 of 2001 (FICA), published proposed amendments to Schedules 1, 2 and 3 for public comment. The proposed amendments will align FICA with the current International Standards of the Financial Action Task Force (FATF) as well as recent legislative amendments...

By Seshree Govender and Nonjabulo Mthembu 9 Jul 2020

Past, present and future: all the ways Covid-19 has changed insurance

The Covid-19 pandemic has radically changed the insurance landscape, and will probably continue to for years to come...

9 Jul 2020

Ombuds report shows how to save on insurance

The latest Ombudsman for Short Term Insurance (OSTI) annual report makes interesting reading from a consumer perspective, especially the insights it provides on the most common reasons for claims rejection...

7 Jul 2020

Insurance redefining itself in a digital age

Long before the Covid-19 induced lockdown, understanding the customers' behaviour has been key to building the technology solutions and products of the future..

By Sizwe Mhlongo i 6 Jul 2020

Unpacking the FSCA's mandate as a conduct regulator

South Africa is known globally for having an efficiently run, well-regulated and stable financial services industry. And the enterprise tasked with regulating this robust sector, the FSB, was largely successful - which begs the question: why change this regulator to the FSCA in 2018?

By Kedibone Dikokwe 2 Jul 2020

Absa Life launches a bot that helps both customers and employees

With the help of a WhatsApp chatbot, Absa Life funeral policyholders can now access basic policy information at any time of the day or night...

Issued by Praekelt 1 Jul 2020

Ready, set, comply - sections of the PoPIA implemented

President Cyril Ramaphosa has announced that sections of the long-awaited Protection of Personal Information Act (PoPIA) will finally be enforceable from 1 July 2020...

By Johan Botes and Kirsty Gibson 24 Jun 2020

How well are default regulation strategies holding up in the new normal?

The fallout from Covid-19 is disrupting most sectors and the retirement fund industry is no exception...

23 Jun 2020

Protection of Personal Information Act sections come into effect

The Presidency has announced the commencement of certain sections of the 2013 Protection of Personal Information Act...

22 Jun 2020

Life insurance - demonstrating value in a post-pandemic economy

Covid-19 and 10 years of declining growth put the South African economy into freefall. Insurers are heading into an environment where consumers will be under tremendous financial pressure and questioning the value proposition of all their financial planning solutions...

9 Jun 2020

#OrchidsandOnions: Long live the new king

There seems to be a new Nando's in town - or at least a wannabe Nando's. I'm not talking about flame-grilled chicken icons, though Nando's is in that particular area. The fast food group has for going on two decades now, been king of the heap when it comes to producing funny, gag-filled advertising...

By Brendan Seery 9 Jun 2020

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