In the wake of the recent Mirror Trading International Proprietary Limited debacle, the Financial Sector Conduct Authority (“FSCA“) has again cautioned investors against investing in crypto assets, which are currently not regulated by the FSCA. In a press release issued … Continue reading →
People remain highly vulnerable to the impacts of COVID-19 and other pandemics, and the implications for individuals, families and employers are onerous Countries across the globe are facing a second wave of COVID-19 infections, driving home the realisation that this … Continue reading →
“7,000 people have already been arrested for not wearing masks and most of them now have criminal records” (Police Minister Bheki Cele in mid-January) We all know that wearing a face mask is the right and the safe thing to … Continue reading →
Too little, too late On 14 November 2016, Mrs H lodged a claim with her insurer for lighting damage to her household items. The insurer rejected the claim on the basis that the damage was not caused by an insured … Continue reading →
South Africans are ready to start the year on a healthier and brighter note. This time last year many of us had vastly different expectations than where 2020 took us, including: • We expected muted economic growth as policymakers and … Continue reading →
During the 2019/2020 financial year the Office of the FAIS Ombud received a total of 8835 new complaints – a reduction of 5.23% from the 9323 received during the 2018/2019 financial year and the 10 211 received during 2017/2018. In the … Continue reading →
It’s almost holiday time, and whether you’re staying at home or venturing off somewhere exotic, there are things you need to do to ensure you and your family enjoy a safe, secure festive season. Firstly, ensure that your insurance policy … Continue reading →
COVID-19 has resulted in more digital transactions than ever before hence exponential increases in online fraud. Consequentially, the financial services industry has found itself battling to meet the thriving demand for greater digital access to products and services while also … Continue reading →
With the increase in direct-to-consumer insurance products and companies, many consumers have questioned the need for an intermediary – or broker – at all. Santam, who has been in the business of insurance for more than 100 years, believes that … Continue reading →
Scamsters have targeted the customers of several vehicle tracking companies in South Africa. Vehicle tracking customers are being contacted by the scamsters who are pretending to work for the vehicle tracking company. They advise the customer that there is something … Continue reading →