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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 2 days ago

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

Worldwide surge in purchase of life insurance in the wake of Covid-19

As the Covid-19 pandemic sweeps across the world, consumer behaviour around life insurance cover is changing fast. While some aspects of the new behaviour patterns are driven by lockdown-related restrictions, others are directly due to the way people are reacting to an uncertain future...

Issued by Simply 5 Jun 2020

Brokers, pandemics and AI

Level 3 Covid-19 brings another wave of economic activity, but given the new normal of masks, social distancing and a healthy dose of hand sanitiser, this makes life a little more complicated for intermediaries...

3 Jun 2020

Will lockdown change how we do funerals?

The lockdown has brought changes that require us to adapt to a new normal, one of these being the way in which we carry out funerals. But has this ushered in a new normal that could help grieving families cut back on costs and lengthy preparations?..

Issued by MiWayLife 2 Jun 2020

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