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South Africa under pressure to enact FICA Bill before global body meets

Pressure is mounting on South Africa to enact the Financial Intelligence Centre Amendment Bill before the June 2017 meeting of the international Financial Action Task Force. The task force, which sets global standards for combating money laundering and terrorist financing, has already raised concerns ...
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Turning unclaimed benefits into windfalls

There’s an estimated R20bn in unclaimed benefits across 3. 5 million policy holders in South Africa. This massive sum represents both an obligation and an opportunity for financial services providers and advisers. Metropolitan recently took significant steps to disrupt this market by ...
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African innovation drives global insurance industry first for diabetes

Johannesburg: South Africa-based insurtech leader AllLife Group today announced a landmark agreement with Royal London, the UK’s largest mutual life, pensions and investment company. Leveraging AllLife’s pioneering technology platform, Royal London will transform life insurance for many ...
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Building on success: The 2017 FIA Awards survey is underway

The 2016-17 Global Competitiveness Report ranks South Africa 11th out of 138 countries for our financial market development. In a report card that even the toughest parent would be proud of we scooped first place for financing through our local equity markets; second place for financial services’ ...
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Laws amendment to accommodate health insurance demarcation regulations

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   The pending changes to the Medical Schemes Act and the Long-term and Short-term Insurance Acts to accommodate the demarcation regulations were made on 1 April 2017 including ...
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